Elon Musk

CEO, Tesla
$244.7B
as of 07/20/24

About Elon Musk

Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.

He owns about 12% of Tesla excluding options, but has pledged more than half his shares as collateral for personal loans of up to $3.5 billion.

In early 2024, a Delaware judge voided Musk's 2018 deal to receive options equaling an additional 9% of Tesla. Forbes has discounted the options by 50% pending Musk's appeal.

SpaceX, founded in 2002, is worth nearly $180 billion after a December 2023 tender offer of up to $750 million; SpaceX stock has quintupled its value in four years.

Musk bought Twitter in 2022 for $44 billion, after later trying to back out of the deal. He owns an estimated 74% of the company, now called X.

Forbes estimates that Musk's stake in X is now worth nearly 70% less than he paid for it based on investor Fidelity's valuation of the company as of December 2023.

Personal stats

Citizenship

United States of America

Source of wealth

Tesla, SpaceX

Residence

Austin, Texas

Marital status

Single

Birth date

06/28/71 (age 53)

Number of children

11

Education

Bachelor of Arts/Science, University of Pennsylvania

Self-made

self-made

Elon Musk’s fortune is worth

4M

troy ounces of gold

4M

median U.S. household

2M

median U.S. income

4.894%

U.S. credit card volume

0.979%

GDP of the United States

0.72%

United States debt

Net worth history

Annual ranking

Did you know?

As a kid in South Africa, Musk taught himself to code; he sold his first game, Blastar, for about $500.

Net worth over time

Real-time ranking

Financial assets

NASDAQ | TSLA-US

Tesla$98.3B

NASDAQ | TSLA-US

Tesla$36.4B

Images © Forbes.com. All rights reserved.