CEO of Tesla Motors, Elon Musk’s Net Worth is estimated to be 221.2 Billion USD (18 lakh crore INR). He is also the founder, chairman, CEO, and CTO of SpaceX; angel investor, CEO, product architect, and former chairman of Tesla Inc.; owner, executive chairman, and Musk Foundation. This makes him the second richest CEO in the world after Jeff Bezos. The person who bought most of the sectors of automobiles and the development and the biggest revolution in the modern era of the 21st century is none other than Mr. Elon Musk.
Mr. Musk is the main force behind bringing the electric car into reality. Elon Musk is the richest person in the world at the moment. According to Forbes, his net worth is $221.2 billion. Let us tell you that he is a shareholder of 21% in Tesla, but he has mortgaged more than half of his stake for a loan. Here we will talk about Mr. Musk who is a businessman, investor, engineer, and inventor.
With his hard work and business acumen, Mr. Musk has earned a lot of respect around the world as well as a huge wealth. In simple terms, net worth means current assets minus current liabilities. Let’s take an estimated look at Mr. Elon Musk’s net worth which can give us an estimated value of his net worth. You may also like Warren Buffett’s Net Worth.
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What is Elon Musk’s Net Worth?
According to Forbes, businessman and investor, Elon Musk’s net worth is approximately USD 222.6 billion (US$ 22120 crores) as of 2024. Elon Musk was previously the co-founder and chairman of SolarCity; co-founder of Zip2; and founder of X.com, which merged with Confinity and became PayPal. Mr. Musk’s net worth is estimated to be $221 billion.
Elon Musk’s net worth has seen a growth of 21 percent in the last few years. Apart from business, Mr. Musk is also a great philanthropist and is a great donor in helping the needy. A large part of his income is donated to various charity events. Let’s take an estimated look at the wealth of Mr. Elon Musk which can give us an estimated value of his net worth. Also, check Mukesh Ambani’s Net Worth.
| Name | Elon Musk |
| Net Worth (2024) | $221.2 Billion |
| Net Worth In Indian Rupees | Rs. 18 Lakh Crore INR |
| Profession | Businessmen (CEO of SpaceX) |
| Monthly Income And Salary | $200 Million + |
| Yearly Income | $2400 Million + |
Here is a brief breakdown of how much Elon Musk makes in a day, week, month, and year:
| Details | Income in USD |
|---|---|
| Per Day | $60,500,000 |
| Per Week | $390,000,000 |
| Per Month | $1,625,000,000 |
| Per Year | $24,320,000,000 |
Elon Musk’s Inventions
Tesla’s main focus is to make electric vehicles. Its price has started skyrocketing and since then people have become Passionate about electric vehicles. Its value is now more than Ford, Toyota, Volkswagen, Hyundai and GM. His rocket company SpaceX is worth $74 billion. It received funding in February 2021 and also signed a commercial contract with NASA. Apart from this, he has also been the co-founder of PayPal.
Neuralink, the company that connects the human brain to the computer, also belongs to Elon Musk. Apart from this, he is also the founder of The Boring Company. At the beginning of the year 2020, he was ranked 35th among the richest people. But, as soon as January 2021 came, he topped this list. The reason for this was the huge jump in Tesla’s stock and the increase in private transactions in SpaceX. You can also check Bernard Arnault’s Net Worth.
Twitter Owner (Elon Musk)
Twitter has finally been bought by Elon Musk. He has paid a very high price for this. Earlier, Musk had taken a stake of about 9 percent in Twitter. But, later he made an offer to buy Twitter. To which the company has now agreed. This deal has been finalized for 44 billion dollars. That is, Musk spent 44 billion dollars to buy the company.
According to the Wall Street Journal report, the company was not ready for this earlier. But, when the proposal of secure financing was shown, the deal moved forward. He has changed the name of Twitter to X (Twitter). His work includes development not only on Earth but also on Mars, where he plans to bring human life into existence.
On the strength of his hard work and talent, Mr. Musk is one of the richest and most powerful people in the world. A few weeks ago, when Tesla CEO Elon Musk revealed that he had named his child ‘X Æ A-12’, there was a stir on the Internet. Must read Sundar Pichai’s Net Worth.
Elon Musk’s Luxurious Lifestyle
Elon Musk lives in Los Angeles. Elon Musk bought this luxurious house in the year 2016. The estimated price of this real estate property is around USD 25 million. Elon Musk has a huge car collection. Elon Musk owns some of the best luxury cars in the world. The car brands owned by Elon Musk include Ferrari, Bentley, Jaguar, Rolls Royce, and Tesla. Elon Musk has invested heavily in various sectors like space, AI, boring, electric cars, solar, etc.
| Estimated Net Worth | 221.2 Billion USD |
| Annual Income | 2400 Million USD |
| Personal Investments | 11.6 Million USD |
| Luxury Cars | 21.8 Million USD |
About Elon Musk’s Personal Life
Elon Musk was born on 28 June 1971 in South Africa. Elon Musk currently holds citizenship of his birth country South Africa, Canada, and the United States. Mr. Musk learned computer programming at the age of 12 and sold the code of a BASIC-based video game Blaster he created to a magazine called PC and Office Technology for about 500 USD. The web version of the game is available online.
Together with his brother, he started a software company called Zip 2. It worked somewhat like Google Maps. Musk sold Zip 2 to COMPAQ for $22 million. In 1999 Elon Musk invested $10 million and founded x.com [financial services company]. A year later, x.com merged with a company called Confinity. It later became known as PayPal.
In 2002, eBay bought PayPal for $1.5 billion, with Elon Musk’s share being $165 million. In 2008, Musk became CEO of Tesla and in 2013, Tesla Solar City became the second-largest provider of solar power systems in the USA. You can also check Rihanna’s Net Worth.
| Real Name: | Elon Reeve Musk FRS |
| Born: | 28 June 1971 |
| Age: | 53 Years |
| Place: | Pretoria, South Africa |
| Citizenship: | South Africa (1971–present); Canada (1971–present); United States (2002–present) |
| Wife: | Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–2008) |
| Children: | X AE A-XII Musk, Nevada Alexander Musk, Griffin Musk, Kai Musk, Damian Musk, Saxon Musk, Xavier Musk |
| Partner: | Grimes (2018–) |
| Parents | Errol Musk, Maye Musk |
| Education | Wharton School of the University of Pennsylvania (1997) |
| Last Updated | 2024 |
Elon Musk’s Career
He has a unique goal for humanity that includes reducing global warming through sustainable energy production and consumption and reducing the “risk of human extinction” by “making life multi-planetary” by establishing a human colony on Mars. In December 2016, Musk was ranked 21st on Forbes’ list of the world’s most powerful people.
Elon Musk’s SpaceX has signed a $1.6 billion contract with NASA to resupply (and eventually transport people to) the International Space Station, effectively replacing the Space Shuttle. Musk has reduced the cost of reaching the International Space Station by 90%, dropping it from $1 billion to just $60 million per mission.
The Musk Foundation also runs a simulated Mars environment that allows visitors to experience what life might be like on Mars (complete with waste-burning toilets). You may also like Changpeng Zhao’s Net Worth.
Elon Musk’s Social Media Accounts
| Almost 194M Followers | Check Out | |
| N/A | N/A | |
| YouTube | N/A | Check Out |
Musk has been called a “trillionaire,” a new class of high-tech entrepreneurs who want to use their wealth to turn science-fiction dreams into modern reality. Finally, we wish Mr. Musk a successful year with lots of accomplishments, good health, and lots of love. May he continue to achieve his goals and keep growing his net worth forever! You can also check Charlie Munger’s Net Worth.
FAQs
Elon Musk’s total net worth is around $221.2 Billion.
Elon Mask earns an estimated salary of $2400 Million Per Year.
Elon Musk makes around $1.6 million per hour.
Currently, Elon Musk is 53 years old (28 June 1971).
Elon Musk was married to Talulah Riley (m. 2013-2016)
The height of Elon Musk is 1.80 M (5′ 11”).
Elon Mask earns an estimated salary of $2400 Million Per Year.
