Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 1 Elon Musk $180B

Random fact: Tesla's electric Model S car can travel 405 miles per charge.

Overview

Musk is the chief executive of Tesla, the world's most valuable carmaker. The Austin, Texas-based company sells electric vehicles and home solar batteries. Musk's also the chief executive of SpaceX, a rocket manufacturer tapped by NASA to resupply the space station, and owns social networking company Twitter.

As of :
Last change -$462M ( -0.3%)
YTD change -$90.5B ( -33.5%)
Biggest asset TSLA US Equity
Country / Region United States
Age 51
Industry Technology
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Elon Musk's net worth of $180B can buy ...

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troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Musk is CEO of publicly traded Tesla, which is the world's most valuable carmaker, and closely held rocket business SpaceX, which counts the US National Aeronautics and Space Administration as a client. 

Musk owns about 15% of Tesla, according to an August 2022 regulatory filing. He also holds about 92.9 million exercisable options.

SpaceX is valued using a June 2022 funding round that valued the company at about $125 billion. A 2020 filing showed Musk owned 47% of the closely held company through a trust. Bloomberg's analysis assumes that his stake has been diluted to about 44% in subsequent rounds. The value is reduced by 15% to account for typical discounts that shares in unicorns attract on the secondary market.

In April 2022 Musk offered to buy Twitter Inc for $44 billion. The deal closed in October 2022. He's calculated to own about 79% of the company based on external investors disclosed in May 2022. Its value is based on his offer price and adjusted for the performance of the Solactive Social Media Index. A liability of $4.6 billion is included to account for the cost of the purchase after subtracting the $17.8 billion in cash he was calculated to have available at the time of closing.

The value of his cash holdings includes proceeds from his insider transactions and is adjusted to reflect taxes, market performance, and charitable giving.

About half of Musk's Tesla shares were pledged as collateral to secure personal indebtedness, according to the company's 2022 proxy statement. The maximum loan allowable under this arrangement could be no more than 25% of the value of those shares, according to the filing, and 25% of the pledged shares have been deducted from his holding to account for the credit line. Musk said in 2019 that some of his SpaceX shares were also pledged, without providing further details. A liability of $6.4 billion is included in the analysis to reflect calculated pledges of SpaceX shares.

Biography

Birthdate: 6/28/1971
Family: Single, 9 children
Education: University of Pennsylvania, Wharton School of the University of Pennsylvania

Born in South Africa to an engineer father and nutritionist mother, Musk left home as a 17-year-old for college in Canada, in part to avoid serving in the apartheid-era South African army. After graduating from the University of Pennsylvania with degrees in physics and economics, he enrolled at Stanford University. He dropped out after his first few days to pursue his three main areas of interest: the Internet, clean energy and space.

He created an online publishing platform called Zip2 in 1995 and sold it four years later for more than $300 million. He reinvested some of the proceeds to start X.com, an online payment system. He would merge that with what eventually became PayPal, the e-commerce site that was ultimately sold to eBay for $1.5 billion in 2002.

His next project: SpaceX, a closely held rocket company that was tapped by NASA to take over space shuttle's role of resupplying the International Space Station. A year later, he co-founded Tesla, the company that produced the world's first all-electric, zero-emission sports car in 2010. In the same year the company sold shares in a public offering.

His third company, SolarCity, was a provider of solar power systems. SolarCity sold shares in a public offering in 2012 and was bought by Tesla on Nov. 21, 2016.

Musk, who has said he intends to retire on planet Mars, joined Warren Buffett's Giving Pledge in April 2012.

Tesla became the world's most valuable carmaker in July 2020 and further gains led to Musk becoming the world's richest person in January 2021. He announced in October 2021 that Tesla would move its headquarters from Palo Alto, California to Austin, Texas.

In April 2022 Musk made an offer to buy Twitter Inc for $44 billion after acquiring a stake in the social-media firm. After its board agreed to recommend the deal Musk spent months trying to terminate it. Musk eventually purchased Twitter in October 2022.

Milestones
  • 1971 Elon Musk is born in Pretoria, South Africa.
  • 1981 Buys first computer at age 10.
  • 1983 Creates and sells his first commercial software game, Blastar.
  • 1999 Develops an online payment system called X.com.
  • 2000 Merges X.com with PayPal's parent company, Cofinity.
  • 2002 PayPal acquired by eBay for $1.5 billion.
  • 2002 Establishes SpaceX in a former airplane hangar near LAX.
  • 2003 Begins designing the all-electric Tesla Roadster.
  • 2008 SpaceX delivers its first satellite into space.
  • 2010 Tesla Motors begins trading on the NASDAQ stock exchange.
  • 2022 Purchases social-media company Twitter Inc for $44 billion.