• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
SuccessElon Musk

‘I’m not Warren Buffett’: Elon Musk says there’s a key difference between him and the investor—he actually makes stuff

By
Chloe Berger
Chloe Berger
Down Arrow Button Icon
By
Chloe Berger
Chloe Berger
Down Arrow Button Icon
October 20, 2022, 3:30 PM ET
Elon Musk
Even though he’s about to buy Twitter, Elon Musk wants you to think he’s not an investor. Theo Wargo—Staff/Getty Images
Add Fortune on Google for similar content.

“I’m not Warren Buffett.”

So declared Tesla CEO Elon Musk during the EV company’s third-quarter earnings call on Wednesday. “I’m not an investor,” he said. “I am an engineer and manufacturing person and a technologist.”

Musk was responding to an analyst’s question about whether he would incorporate all his ventures—from SpaceX to (soon) Twitter—under a parent corporation. Buffett’s Berkshire Hathaway has built a large investment portfolio that owns everything from Dairy Queen and Duracell to GEICO and Fruit of the Loom.

But, much like a picky eater with a divided plate, Musk wants to keep his companies separate. “It’s not clear to me what the overlap is. It’s not zero, but I think we’re reaching.”

In Musk’s eyes, he’s a maker, not a shareholder: “I actually work and design and develop products,” he said. “We’re not going to have a portfolio of investments or whatever.”

In other words, Musk thinks he’s a totally different type of entrepreneur than Buffett. It recalls the makers versus takers debate of the 2010s, which centers around the idea that financiers are essentially moving money around (like Buffett) while others are actually building something that creates new businesses (like Musk).

In the 2012 presidential campaign, the economic critiques of Republican Mitt Romney, from a private equity background, were met with Barack Obama’s rejoinder, “You didn’t build that.” Obama was speaking about the importance of government support for entrepreneurship, an implicit rejection of the financialization of the economy that made Buffett and Romney so wealthy, although his remarks at the time were seen as a swipe at Romney.

Musk seems to be saying he will always be a builder and not an investor (even if he’s about to become Twitter’s biggest-ever investor).

But Musk and Buffett may have more in common than Musk might think (or want). Both are billionaires, among the 10 richest people in the world, per Bloomberg. As the actual richest person in the world, Musk is worth an estimated $209 billion, up by more than $163 billion pre-lockdown in February 2020. Buffett is valued at $97.8 billion.

During the pandemic, the world’s 10 richest men doubled their wealth, according to an Oxfam report. “The top 1% have captured nearly 20 times more global wealth than the bottom 50% of humanity,” explained the authors of the report, noting that “if the 10 richest men lost 99.999% of their combined wealth, each of them would still be richer than 99% of the world.” 

It seems that being a “taker” or a “maker,” if done right, can set you on a path to success. Musk may not be looking to create an umbrella company structure and has yet to make the candy that rivals See’s he once promised to, but the two men aren’t as different as Musk would like you to believe. 

At least, their bank accounts aren’t.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
By Chloe Berger
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

Chipotle is trying to take over Mexico through its softest border town
North AmericaRestaurants
Chipotle is trying to take over Mexico through its softest border town
By Mia OsmonbekovJuly 15, 2026
7 hours ago
Job interview in office
SuccessThe Interview Playbook
Bending Spoons only hired 0.04% from its 800,000 job applications last year—its CEO says its cutthroat hiring process is unlike ‘useless’ interviews
By Emma BurleighJuly 15, 2026
11 hours ago
Jon Gray
SuccessCareers
Blackstone’s president tells Gen Z that just being nice could land them a promotion because ‘people want you to win if you treat them in a good way’
By Preston ForeJuly 15, 2026
12 hours ago
odu
PoliticsCrime
This marine biologist warned that coral loss could collapse the oceans. Then 3 men walked into his house and shot him
By The Associated PressJuly 15, 2026
13 hours ago
Bank of America CFO Alastair Borthwick
BankingCFO Daily
Bank of America’s AI bet is starting to pay off, its CFO says
By Sheryl EstradaJuly 15, 2026
14 hours ago
France will walk away from the World Cup with at least $27 million—but Kylian Mbappé hasn’t kept a cent of his national team earnings since 2018
SuccessWorld Cup
France will walk away from the World Cup with at least $27 million—but Kylian Mbappé hasn’t kept a cent of his national team earnings since 2018
By Orianna Rosa RoyleJuly 15, 2026
14 hours ago

Most Popular

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
14 hours ago
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
1 day ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North America
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
1 day ago
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
Economy
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
By Eleanor PringleJuly 15, 2026
16 hours ago
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
Innovation
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
By Lily Mae LazarusJuly 15, 2026
14 hours ago
Current price of oil as of July 15, 2026
Personal Finance
Current price of oil as of July 15, 2026
By Joseph HostetlerJuly 15, 2026
16 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.