• After his electric truck startup debuted on the New York Stock Exchange Friday, Thomas Healy became both the youngest CEO of a publicly traded company and one of America’s youngest self-made billionaires.
  • Healy has an estimated net worth of $1.6 billion, per a Business Insider analysis.
  • In an exclusive interview with Business Insider, Healy shared what it’s like to become a billionaire overnight.
  • Regarding major rivals Nikola and Tesla, Healy says ‘all of us are bringing electric vehicles forward. We’re all focused on electrification, but each one of us is taking just a little bit different of a path.’
  • Visit Business Insider’s homepage for more stories.

Thomas Healy just had a big week.

Within five days, the 28-year-old mechanical engineer led his electric truck startup, Hyliion, through a shareholder vote and its first day of trading on the public markets, all in the middle of a pandemic. He also led it through a merger with a SPAC, or a special purpose acquisition company, also known as a “blank check” acquisition fund, which is designed to facilitate sudden public listings such as Hyliion’s. 

Hyliion, which retrofits class 8 semi-trucks with electric power trains instead of the traditional diesel, debuted on the New York Stock Exchange on Friday. Now that Healy is the youngest CEO of a publicly traded company in the US and among its youngest self-made billionaires,  it seems like he can barely believe it himself.

“I think the best word I can use to describe it is surreal,” Healy told Business Insider. 

Just hours after Hyliion closed its merger with the SPAC, Tortoise Acquisition, on Thursday afternoon, Healy sat down with Business Insider via Zoom to discuss the IPO, how he plans to outsmart Tesla, and what it feels like to become a billionaire overnight.

Healy is far from

  • Warren Buffett’s Berkshire Hathaway took a surprise stake in Barrick Gold earlier this year.
  • The famed investor’s endorsement could spur more investors to bet on the metal, NovaGold chairman Thomas Kaplan said on an earnings call this week.
  • “He’s made it safe for anyone interested in gold to be looking at the gold narrative,” he added.
  • Kaplan previously benefited from Buffett’s unexpected purchase of 130 million ounces of silver in the late 1990s, as it legitimized the metal as an investment.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s surprise bet on Barrick Gold has given investors the green light to buy the precious metal, billionaire investor Thomas Kaplan said on NovaGold’s third-quarter earnings call this week.

Buffett “effectively detoxified gold” when his Berkshire Hathaway conglomerate revealed a $564 million stake in the gold miner in August, the NovaGold chairman said.

“He’s made it safe for anyone interested in gold to be looking at the gold narrative,” Kaplan added, according to a transcript on Sentieo, a financial-research site.

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Barrick and NovaGold are 50-50 owners of the Donlin Gold project in Alaska, making Kaplan a major beneficiary of a Buffett bet for the second time.

Buffett disclosed his purchase of 130 million ounces of silver in February 1998, legitimizing the metal as an investment shortly before Kaplan took his silver-mining company public. Kaplan personally thanked the investor at a dinner several years later.

Berkshire’s Barrick Gold bet was unexpected as Buffett previously dismissed gold as a worse investment than businesses, farms, and other productive assets. The metal is “neither of much use nor procreative,” he said