Elon Musk Net Worth and Assets

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Elon Musk net worth and assets. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$232 billion as of December 2023, according to the Bloomberg Billionaires Index, and $254 billion according to Forbes, primarily from his ownership stakes in Tesla and SpaceX. At the start of 2020, Elon Musk had a net worth of $27 billion. By the end of the year his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock. In November of that year, Musk passed Facebook co-founder Mark Zuckerberg to become the third-richest person in the world; a week later he passed Microsoft co-founder Bill Gates to become the second-richest.

What Companies Does Elon Musk Own?

Elon Musk owns six companies that span a range of industries, from electric vehicles to an underground tunnel company to the social media giant formerly known as Twitter. Elon Musk’s companies include SpaceX, Tesla, X (formerly Twitter), The Boring Company, Neuralink. The newest Elon Musk company is xAI; it was formed in July 2023 as a rival to ChatGPT creator OpenAI. Musk was one of the original founders of OpenAI but resigned from the board in 2018. Most of the companies Elon Musk owns are worth billions of dollars.

Companies Owned by Elon Musk and How Much They’re Worth

• Tesla: $770.2 billion net worth as of August 2023
• SpaceX: $150 billion net worth as of July 2023
• X (formerly Twitter): $15 billion net worth as of June 2023
• The Boring Company: $5.7 billion net worth as of April 2022
• Neuralink: $5 billion net worth as of June 2023

Key facts about Elon Musk

• Estimated net worth of $232 billion as of July 2023, making him the richest person in the world, according to Bloomberg. He is nearly $30 billion ahead of the man in second place.
• Leads five ventures: Tesla, SpaceX, Twitter, Neuralink and The Boring Company.
• Born in Pretoria, South Africa and bought his first computer at age 10.
• Graduated from the University of Pennsylvania with degrees in Physics and Economics.
• In 2012, Musk joined Warren Buffett’s Giving Pledge, which asks billionaires to dedicate the majority of their wealth to charitable causes.
• Co-founder of online payment system PayPal, which was sold to eBay in 2002 for $1.5 billion.
• Helped launch The Boring Company, a tunneling venture that hopes to alleviate urban congestion and allow for high-speed, long-distance travel.
• CEO of Neuralink, which is working to develop interfaces that allow the human brain to be connected to computers.
• Agreed in 2018 to settle securities fraud charges brought against him by the Securities and Exchange Commission (SEC) after he tweeted that he could take Tesla private for $420 per share and that funding had been secured, which the SEC said “lacked an adequate basis in fact.”
• Disclosed a 9 percent stake in Twitter in April 2022 before agreeing to acquire the entire company in a $44 billion deal later that month. He later sought to back out of the deal before reversing his position and completing the deal at its original terms.