What is Elon Musk's Net Worth?
2Can you Guess the Net Worth of Elon Musk? Net worth is the excess of assets over liabilities. The assets that contribute to net worth can include homes, vehicles, various types of bank accounts, money market accounts, stocks and bonds. The liabilities are financial obligations such as loans, mortgages, and accounts payable (AP) that deplete resources.
Answers were provided by the Celebrity Net Worth website as of March 2024. https://www.celebritynetworth.com/
Elon Musk is a South African-born Canadian-American businessman, inventor, and investor who has a net worth of $204 billion. Elon Musk is currently the fourth richest person in the world. In November 2021, when his net worth briefly topped $340 billion, Elon surpassed John D. Rockefeller to become the richest person in modern history. Elon was the richest person in the world, pretty much uninterrupted from January 2021 through March 2024, when Jeff Bezos re-took the lead.
The vast majority of Elon Musk's net worth comes from his 13% equity stake in Tesla, approximately 412 million shares. He also owns 304 million exercisable options in Tesla. Combined, that equates to roughly 21% of the company. Elon has pledged 58% of his Tesla shares as collateral against $3.5 billion worth of personal loans, and in 2022, he sold $40 billion worth of Tesla shares to fund his purchase of Twitter.
Elon is also the co-founder of SpaceX and the Boring Company and is the chairman of SolarCity. Elon owns 43% of the privately-held SpaceX. SpaceX was valued at $180 billion at its last valuation round. As of its last valuation round, the Boring Company is reportedly worth $5 billion.
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