Musk soars past Warren Buffet to become 7th richest billionaire: Report

Tesla chief's fortune rose by $6.07 billion on Friday, following a 10.8% jump in the electric carmaker's stock, Bloomberg News reported.

Elon Musk's net worth soared past Warren Buffett on Friday as the chief executive officer of Tesla Inc became the seventh richest person in the world, according to the Bloomberg Billionaires Index.

Musk's fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker's stock.

Buffett's net worth dropped earlier this week when he donated $2.9 billion in Berkshire Hathaway stock to charity, the report added.

Tesla's shares have surged 500% over the past year as the company