Elon Musk’s Net Worth 2023: How Much is The Eccentric Billionaire Worth?

Elon Reeve Musk is the Founder, CEO, and Chief Engineer of SpaceX; CEO and product architect of Tesla, Inc.; Founder of The Boring Company and X.com (now part of PayPal); Co-founder of Neuralink, OpenAI, and Zip2; and President of Musk Foundation. Overall, Musk is a business magnate and an investor. As of 2022, Elon Musk is the wealthiest person on this planet. Let us unravel Elon Musk’s Net Worth and know how he managed to achieve the title of ‘the world’s richest person alive’: 

Elon Musk Net Worth

As of 2023, Elon Musk’s Net Worth is estimated to be $273.5 billion! Yes, you read that right. After all, he is the wealthiest person on the planet. Let us know more about his income, education, upbringing, and personal life. 

Elon Musk’s Main income

Elon Musk’s primary source of income comes from the six companies that he  co-founded. These include Tesla – a multinational automotive and clean energy company ($108 billion ownership stake); SpaceX – a spacecraft manufacturer ($46.9 billion private asset); and The Boring Company – a tunnelling startup ($3.33 billion private asset). This is enough to get an estimate of Elon Musk’s net worth

Elon Musk’s Other income

Elon founded OpenAI, which is an artificial intelligence (AI) research laboratory. The company consists of the for-profit corporation – OpenAI LP and its parent company -OpenAI Inc, a non-profit organization. 

Besides his six supremely successful ventures, Musk has also released a rap track, “RIP Harambe,” on SoundCloud as Emo G Records, In 2019. The following year, Musk released an EDM track, “Don’t Doubt Ur Vibe,” that featured his own lyrics and vocals. However, these ventures have not contributed as significantly to Elon Musk’s Net worth as his primary ventures. 

Elon Musk Social Media Accounts

Elon Musk Personal Life, Stats & Facts

Elon Musk has had three marriages and divorces. English actress Talulah Riley has been Musk’s wife twice, while Justine Wilson was his first wife. Elon Musk is the father of 10 children. He is currently dating Canadian musician Grimes. 

Elon Musk’s Rise to Fame

Back in the year 2004, Elon became a major funder of Tesla Motors (now Tesla). This led to his exciting position as CEO of the company. A couple of years back, Tesla’s share price increased to a whopping 740%. This led to a massive leap in Musk’s wealth ranking. This also helped Musk gather a lot of name and fame. 

Later that year, Tesla also joined the S&P 500 and became the largest company to be added. Last year in January, Musk attained the title of “the richest person in the world”. He still stands atop the list in 2022. 

Elon Musk’s net worth is astounding. But other than wealth, Elon has also earned a lot of admiration and respect from the public. The multi-billionaire also has a huge fanbase and is an inspiration to many.  

Elon Musk’s Early Life & Education

Elon Reeve Musk FRS was born on 28th June 1971. Most of his childhood was spent in Pretoria, one of South Africa’s capital cities. Musk has British and Pennsylvania Dutch ancestry and was baptized into an Anglican church. After his parents’ divorce in 1980, Musk lived mostly with his father. 

Maye Musk (née Haldeman), Elon’s mother, is a model and dietitian who was born in Saskatchewan, Canada. However, she was raised in South Africa. Elon’s father, Errol Musk, is South African and has worked as a consultant, pilot, electromechanical engineer, sailor, and property developer. Errol was also half-owner of a Zambian emerald mine near Lake Tanganyika. This tells us that Elon belonged to a well-to-do family. Elon’s father was also elected to be a representative of the anti-apartheid Progressive Party at the Pretoria City Council. However, Elon and his siblings reportedly shared his father’s dislike of apartheid. 

Coming to his siblings, Elon is an older brother to Kimbal (born 1972) and Tosca (born 1974). Musk also has a paternal half-sister and a half-brother.

Talking about Musk’s education, he attended Waterkloof House Preparatory School and Bryanston High School. Elon graduated from Pretoria Boys High School. For further studies, Musk went to the University of Pennsylvania, where he completed his studies for a Bachelor of Arts degree in physics. He also completed his Bachelor of Science degree in economics from the Wharton School in the year  1995.

Stats & Facts

  • DOB:  June 28, 1971 (age 51 years)
  • Location: Boca Chica, Texas
  • Height: 6 feet 1 inch (185.4 cm)
  • Marital status: In a relationship

Elon Musk’s Net Worth in 2024?

Elon Musk has been holding his title of “the world’s richest person” for a while now. Gautam Adani, Jeff Bezos, and Bernard Arnault are competing for the list’s second, third, and fourth positions. However, the difference between their net worth is massive. 

While Elon Musk’s net worth is around 270 billion USD, the other three competitors are about 150 billion USD. Thus, Elon will be able to maintain his first position for the next year as well. Moreover, according to experts, Elon Musk might become the first trillionaire by 2025.