Current Net Worth of Elon Musk
Elon Musk, the renowned CEO of Tesla and SpaceX, stands as the wealthiest person in the world. As of December 2024, his net worth was estimated at an astonishing $486 billion according to Bloomberg Billionaires Index, and $464 billion based on Forbes. The vast majority of his wealth is tied to his ownership stakes in Tesla, Inc., and SpaceX.
Wealth History of Elon Musk
Elon Musk’s journey to becoming the world’s richest individual is filled with remarkable milestones:
- In October 2002, he made $175.8 million from the sale of PayPal to eBay.
- Musk first appeared on the Forbes Billionaires List in 2012 with a net worth of $2 billion.
- By the start of 2020, his net worth was $27 billion. By the year’s end, it had increased by a staggering $150 billion, driven primarily by the rising value of Tesla stock.
- In November 2021, he became the first person to surpass a net worth of $300 billion.
- Despite fluctuations, including a historic single-day loss of $16.3 billion on September 8, 2020, Musk’s net worth continued to climb, reaching over $400 billion in December 2024.
Sources of Wealth
Initially, approximately 75% of Musk’s wealth was attributed to Tesla stock as of November 2020. However, this proportion decreased to around 37% by December 2022 after selling nearly $40 billion in shares since late 2021. Elon Musk’s personal earnings from Tesla are not derived from a salary but are instead tied to stock valuation and revenue milestones.
Net Worth Evolution Graph
This graph illustrates the dramatic rise in Elon Musk’s net worth over recent years, reflecting significant gains in value attributed to his business ventures in Tesla and SpaceX.