Elon Musk is a business magnate and entrepreneur from the United States. He is the CEO of Tesla, an electric car company, and SpaceX, a rocket production company. Musk co-founded these companies and owns significant stakes in them. He also founded the tunneling startup, The Boring Company. Musk has pledged a large portion of his Tesla shares as collateral for personal loans. In 2022, he bought Twitter for $44 billion and now owns an estimated 74% of the company. Musk has been listed on various Forbes lists, including the Billionaires list, Forbes 400, and Innovative Leaders. He was born in South Africa and studied at the University of Pennsylvania. Musk has ten children with three women and is known for his concerns about population collapse. He has taught himself to code and sold his first game, Blastar, for about $500. Musk's net worth is estimated to be over $180 billion.
[../../companies/tesla]$189.4B (1.70%) Real Time Net Worth as of 4/15/24 (Reflects change since 5 pm ET of prior trading day) www.forbes.com #3 in the world today www.forbes.com
[../../companies/tesla] Photo by Martin Schoeller for Forbes About Elon Musk www.tesla.com
Elon Musk co-founded 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. www.tesla.com
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. www.tesla.com
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. www.tesla.com
Musk bought Twitter in 2022 for $44 billion, after later trying to back out of the deal. He now owns an estimated 74% of the company, now called X. www.tesla.com
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. www.tesla.com
Wealth History: www.forbes.com #2 Billionaires (2024) www.forbes.com
#1 Forbes 400 (2023) www.forbes.com
The Richest Person In Every State (2023) www.forbes.com
#1 Innovative Leaders (2019) www.forbes.com
#25 Powerful People (2018) www.forbes.com
#12 Richest In Tech (2017) www.forbes.com
Global Game Changers (2016) www.forbes.com
Personal Stats: Age: 52 Source of Wealth
