In a bold statement that’s rattling the internet and ruffling Silicon Valley feathers, billionaire investor Warren Buffett reportedly told a small group at a private Omaha gathering:
“Elon Musk was never the richest man in the world. He’s just the richest in tech. There’s a difference.”
The remark, confirmed by multiple attendees and now trending on X, drew gasps and then applause.
Buffett, long known for his measured tone and financial wisdom, seemed to take issue with the way wealth is calculated in headlines.
“Real wealth isn’t what’s on paper. It’s what you can hold, control, and keep during a crisis,” he said. “Tech valuations go up fast. But so do crashes.”
The comments come just days after Bloomberg and Forbes released new reports showing fluctuations in Musk’s net worth due to Tesla stock volatility and X’s advertising struggles.
Online reactions were swift:
• “Buffett just said what everyone in finance knows but never says out loud.”
• “Being rich in tech is like being king on a volcano. One eruption and it’s over.”
Musk has not yet responded publicly, though fans were quick to defend him, calling the comments outdated and dismissive of innovation.
Still, Buffett’s words hit differently. Coming from someone who built an empire off stability and long-term growth, it raises a bigger question:
Is Elon Musk the richest man alive or just the most visible one?
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