What is Elon Musk’s net worth?
The answer isn’t as clear as you’d expect.
Quick Answer: Elon Musk’s net worth is estimated to be around $140 billion in December 2022. The figure comprises his investments in Tesla, SpaceX, Twitter, and The Boring Company.
Elon Musk, CEO of Tesla, SpaceX, Twitter, and The Boring Co., is routinely near the top of the Forbes billionaire list. That makes his net worth hundreds of billions of dollars, but is that the whole story?
For background, he almost went bankrupt in 2008, with Tesla’s balance sheets looking terrible and SpaceX having difficulty launching its Falcon1 rockets.
That misfortune changed after a series of big business moves.
NASA decided that SpaceX was exactly what it needed to take supplies into space, and Tesla had a successful initial public offering.
So, crisis averted, but how high is Musk’s net worth nowadays?
So, what is Elon Musk’s net worth?
Short answer: $140 billion
At the end of 2020, Elon Musk had a net worth of $24.6 billion. Tesla’s stock skyrocketed, making his net worth closer to $170 billion a year later.
With the help of Tesla stock, Musk’s net worth peaked at around $320 million in November of 2021. But 2022 hasn’t been as great for Elon’s net worth.
As of December 2023, Elon Musk’s net worth is around $140 billion, according to Forbes’ real-time net worth tracker.
READ MORE: How old is Elon Musk?
As Bloomberg notes, Musk’s net worth has decreased by more than $130 billion, or around 48%, in the last year.
Much of that decrease is due to Tesla’s falling stock prices. Musk owns an estimated 25% of Tesla, and he uses many of his stocks as collateral for loans.
He also owns around 47% of SpaceX, which carries a value of about $125 billion. That adds another $50 billion or so to Musk’s net worth after adjustments.
Musk recently purchased a major stake in Twitter for $44 billion. Musk owns an estimated 79% of the company, with much of that value tied to the $44 billion purchase price.
Bloomberg includes an estimated $4.6 billion liability in its net worth calculation tied to the Twitter purchase.
That, along with the alleged $17.8 billion cash used in the purchase, technically brings Musk’s net worth down, but that could change as Twitter’s value fluctuates.
As a note, net worth estimates like this are nothing more than estimates. The exact numbers for Elon Musk’s net worth are unknown. These figures are gathered from public information to estimate the number.
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