Elon Musk Net Worth: Know Tesla CEO Salary, Real Estate Investments and Other Details

Elon Musk Net Worth: Know Tesla CEO Salary, Real Estate Investments and Other Details

The mastermind behind Tesla and SpaceX, Elon Musk is expected to become a trillionaire by 2027. He is currently the richest man in the world with a staggering and massive net worth of $264.7 billion. Elon Musk also actively supported Trump's candidacy for the 2024 US presidential election. Musk's power and influence in groundbreaking technological innovations hold immense potential to bring about technological revolutions in the 21st century. This is evident in his sudden increase in his net worth by $34 billion in a single day on October 24, 2024. The gap between him and the second richest man in the world and founder of Amazon, Jeff Bezos, is $61 billion.

According to a report by Economic Times, at Tesla's recent annual general meeting, it was revealed that Elon Musk is receiving a salary package worth $56 billion. Despite being the richest man in the world, such a personality is expected to own a lavish bungalow and spend his everyday life in first-class amenities. For Elon Musk it is exactly the opposite. The billionaire sold all of his properties in California for about $100 million in 2020. He used to own seven mansions before moving to a more modest apartment in Boca Chica, Texas, the headquarters of SpaceX. Musk's primary residence is estimated to be worth $50,000.

A car manufacturer owner would be expected to use some of his own models in his personal life. The same goes for Elon Musk. Musk owns several Teslas, including the Cyber ​​Truck, the Model Y for family use and a Model S Performance that revolutionized electric cars. In addition to these models, these cars are also in his garage. These are the McLaren F1, the BMW M5 from Hamann Motorsport and classics such as the Jaguar E-Type Roadster from 1967, the Lotus Esprit from 1976,

Tesla is Elon Musk's top source of wealth, followed by his 42 percent stake in SpaceX. Valuations of both companies are skyrocketing following the new projects Musk is launching. According to Bloomberg, X (formerly known as Twitter), The boring company, NeuralinkAnd xAI Combined, the companies contribute another $24 billion to Musk's fortune. Musk's recent purchase and rebranding of the social media platform illustrates his diverse profile as an investor.