|Net Worth:||$200 billion|
|College:||University of Pennsylvania, Philadelphia|
|Major/Degree:||BS in Physics and Economics|
|Full Name:||Elon Reeve Musk|
|Date of Birth (Age):||June 28, 1971|
|Place of Birth:||Pretoria, South Africa|
|Height:||6 ft 2 in|
Frequently associated with
- The Boring Company
- Jeff Bezos
- Martin Eberhard
- Marc Tarpenning
Net Worth of Elon Musk
Elon Musk’s net worth is estimated to be roughly $200 billion in November 2022.
The majority of Elon Musk’s net worth lies in his company Tesla. He has roughly 155 million shares of Tesla stock, which is worth over $131 billion at the time of this writing. His net worth at its peak was around $340 billion when Tesla was at its strongest. Tesla stock is an extremely volatile stock so the day-to-day value of his holdings, and hence net worth, changes constantly. Other top shareholders of Tesla stock include his brother Kimbal Musk, Capital World Investors, Susquehanna Securities, Jerome Guillen, and Zachary Kirkhorn.
Recently, he’s also acquired Twitter for $44 billion with the help of some outside investors, but its value has dropped since, so it’s not likely that Twitter is worth the full $44 billion Elon and his investors paid for it. Elon paid around $25 billion of the $44 billion (around $15 billion of that through sales of Tesla shares), Andreessen Horowitz and Sequoia Capital together paid a bit over $7 billion, and the rest was covered by various other investors.
How much does Elon Musk earn in a year?
Elon Musk earned roughly $23 billion in 2021.
In fact, this amount is the highest any CEO has every received as a paycheck. Tim Cook, CEO of Apple, comes in at second with a paycheck of roughly $770 million. Third is Jansen Huang,, CEO of NVIDIA, who earned roughly $651 million. The latter two paychecks don’t come anywhere close to the paycheck Elon has received as CEO of Tesla.
Unlike a lot of other billionaires, Elon Musk currently does not invest in real estate. At one point, he owned 7 homes, but he has since sold all of them for almost $130 million in total. He has vowed to “own no house” in response to critics who say he has way too much money. He now lives in a tiny, studio-sized, prefabricated box home made by the company Boxabl. The box home is worth about $50K, and he’s happy with it, stating, “It’s kinda awesome”.
Did Elon Musk grow up rich or poor?
Elon Musk grew up in a very wealthy household. Not to take anything away from Elon Musk’s massive achievements and success, but many billionaires like him, Jeff Bezos, and Bill Gates have come from positions of financial privilege.
Elon’s father Errol Musk was an electromechanical engineer who also owned a Zambian emerald mine and developed property in South Africa. Errol was able to retire in 1980 at the relatively young age of 37 to go travel the world. However, Errol and Elon had an estranged relationship, and there was clearly a lot of emotional abuse for Elon growing up.