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Elon Musk Net Worth and Sources of Income

Elon Musk, celebrity CEO of Tesla Inc and SpaceX is the richest man on planet earth and the first individual to cross $300 billion net worth. His current net worth as per Bloomberg Billionaires Index is a whopping $311 billion.

Tesla’s share price jumped 13% to hit an all-time high on October 25th after the company announced that it has bagged orders from Hertz Global Holdings Inc to deliver 100,000 vehicles.

Elon Musk added approximately $36 billion to his fortune on that day which is the highest ever amount of earnings in a single day in the history of corporate America.

Elon Musk simply tweeted, “Wild $T1mes!” as Tesla Inc’s market cap has surpassed $1 Trillion.

Net Worth of Elon Musk, the CEO of Tesla Inc

Amazon CEO Jeff Bezos has slipped to the second richest position and Musk is now almost $100 billion richer than Bezos.

Edward Luce, Associate editor at Financial Times tweeted, “Elon Musk’s net worth now greater than GDP of Pakistan – a country with 220 million people”.

Musk’s net worth is more than the entire market capitalization of the world’s second-largest automotive company Toyota which stood at approximately $283 billion as of Oct 25th. Tesla is the world’s first automotive company to join the elite club of trillion-dollar companies.

There are just a handful of companies worldwide who made it to this club earlier like Apple Inc, Amazon.com Inc, Microsoft Corp, Saudi Aramco, and Alphabet Inc.

Musk, who is super active on social media platform Twitter, recently threw a challenge at David Beasley, Director of the United Nations’ World Food Programme on 30th Oct by tweeting, “If WFP can describe on this Twitter thread exactly how $6 billion will solve world hunger, I will sell Tesla stock right now and do it,“ in response to a tweet by a researcher named Dr. Eli David.

He further tweeted, “But it must be open-source accounting, so the public sees precisely how the money is spent.”

Beasley quickly responded to his tweet by writing, “Elon Musk with your help we can bring hope, build stability and change the future. Let’s talk: it isn’t as complicated as Falcon Heavy, but too much at stake to not at least have a conversation. I can be on the next flight to you. Throw me out if you don’t like what you hear!”

Elon Musk Net worth: Biggest contributors to his Huge Fortune

Elon Musk holds a 23% stake in Tesla, an electric car company that he co-founded in the year 2003, that contributes more than 67% of his net worth according to a Bloomberg report.

The rest of his net worth is linked to the fortunes of rocket company SpaceX that is valued at $100 billion.

SpaceX, founded in 2002, is the world’s second most valuable private company. The rapid rise in the valuation of SpaceX is because of a recent agreement signed by the company with new and existing investors to sell up to $755 million in stock at $560 a share.

Year to date, Elon Musk has added a whopping $119 billion to his fortune due to a steep rise of 45% in the price of Tesla shares as investors continue to place bullish bets that electric vehicles will be the future of auto companies.

The billionaire’s net worth, who is known for supporting cryptocurrency and its fan armies is around 1.37% of US GDP.

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Archana Kabra
Archana Kabra is a Freelance Writer and has been extensively writing stuff related to Entertainment, Lifestyle, and Technology. She is also an ardent music lover. Twitter handle: @archana153sarda
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