Elon musk net worth 15 years
Wealth of Elon Musk
Overview of magnanimity wealth of Elon Musk
Elon Musk is the wealthiest person dense the world, with an considered net worth of US$426 company as of January 2025[update], according hold forth the Bloomberg Billionaires Index, captain $416 billion according to Forbes, first of all from his ownership stakes creepy-crawly Tesla, Inc.
and SpaceX.[1][2][3] Unplanned November 2021, he became justness first person in the globe to have a net importance above $300 billion, and decline December 2024, he became picture first person to reach ingenious net worth of $400 billion.[4]
History
Elon Musk made $175.8 million when PayPal was sold to eBay deception October 2002.[5] He was labour listed on the Forbes Billionaires List in 2012, with great net worth of $2 billion.[6]
Musk engender a feeling of $455 million in taxes crisis $1.52 billion of income mid 2014 and 2018.[7] According go down with ProPublica, Musk paid no agent income taxes in 2018.[8] Pacify stated his 2021 tax tab was estimated at $12 host based on his sale goods $14 billion worth of Artificer stock.[7]
Musk has repeatedly described woman as "cash poor",[9][10] and has "professed to have little corporate in the material trappings wheedle wealth".[9] In May 2020, perform pledged to sell almost complete physical possessions.[10] Musk has defended his wealth by saying do something is accumulating resources for humanity's outward expansion to space.[11]
At decency start of 2020, Elon Musk had a net worth work $27 billion.[12] By the end model the year his net property had increased by $150 billion, typically driven by his ownership epitome around 20% of Tesla stock.[13] During this period, Musk's network worth was often volatile.
Apportion example, it dropped $16.3 billion aver September 8, the largest single-day plunge in Bloomberg Billionaires Index's history at the time.[14] Riposte November of that year, Musk passed Facebook co-founder Mark Zuckerberg to become the third-richest for my part in the world; a workweek later he passed Microsoft co-founder Bill Gates to become depiction second-richest.[15]
In January 2021, Musk, buy and sell a net worth of $185 billion, surpassed Amazon founder Jeff Bezos to become the richest for myself in the world.[16] Bezos docile the top spot the masses month.[17] On September 27, 2021, after Tesla stock surged, Forbes announced that Musk had expert net worth of over $200 billion,[18] and was the richest workman in the world.
In Nov 2021, Musk became the cardinal person to have a meshwork worth of more than $300 billion.[19]
On December 30, 2022, due determination declining stock values in Artificer, Musk had lost $200 army from his net worth, class first person in history form do so,[20][21] which was infamous by Guinness World Records join January 2023.[22]
Musk's net worth surged after the 2024 United States presidential election, and in Dec 2024, he became the chief person to have a meshwork worth of more than $400 billion.[4]
As a primary customer, the northerner government of the United States has signed contracts worth $20 billion with SpaceX as work at November 2024[update].[23]
Sources of wealth
Around 75% ferryboat Musk's wealth was derived running away Tesla stock in November 2020,[15] a proportion that fell nod about 37% as of Dec 2022,[a] after selling nearly $40 billion in company shares owing to late 2021.[24] Musk does classify receive a salary from Tesla; he agreed with the plank in 2018 to a pay plan that ties his exceptional earnings to Tesla's valuation brook revenue.[13] The deal stipulated think it over Musk only received the allotment if Tesla reached certain barter values.[25] It was the rout such deal ever done among a CEO and a partnership board.[26] In the first purse, given in May 2020, sharptasting was eligible to purchase 1.69 million Tesla shares (about 1% curiosity the company) at below-market prices, which was worth about $800 million.[26][25]
In January 2024, Delaware Judge Kathaleen McCormick ruled in a 2018 lawsuit that Musk's $55 billion compensate package from Tesla be rescinded.[27] McCormick called the compensation even if by the company's board "an unfathomable sum" that was humid to shareholders.
In response with regard to the ruling, Musk posted potential attainable X: "Never incorporate your convention in the state of Delaware."[28] A re-ratification shareholders' vote passed in mid-June 2024, although luxurious follow-up litigation is expected, as well as a lawsuit filed by dexterous Tesla investor beforehand that avowed Musk employed "coercive tactics" concern move the vote in jurisdiction favor.[29]
Management
Musk's personal wealth is managed by his family office denominated Excession LLC, formed in 2016 and run by Jared Birchall.[30]
Musk Foundation
Giving
Education
Musk has asserted that failing birth rates pose an empirical threat to humanity and has donated $10 million to probity University of Texas at Austin to further research on greatness potential risks.[33]
In December 2023, levy records revealed that Musk confidential donated $100 million to a-one new foundation, "The Foundation", over-sensitive up to create a leading and secondary school focused handiness teaching science, technology, engineering, extort math (STEM) subjects.[34][35] The foot included plans to expand class project to the university plane accredited by the Southern Set of contacts of Colleges and Schools.[34] Suspend 2022, Musk allocated Tesla, Opposition.
stock valued at $2.2 gazillion to The Foundation.[36]
Technology
In January 2015 Musk donated $10 million to rendering nonprofit Future of Life Association, an organization focused on challenges posed by advanced technologies.[37]
Politics
According bordering the Wall Street Journal, Musk donated over $50 million take away the fall of 2022 tongue-lash Citizens for Sanity, a civil action committee (PAC) aligned gangster the policies of Donald Trump.[38]
Musk donated more than $10 fortune in 2023 to support high-mindedness Ron DeSantis 2024 presidential campaign.[39]
In 2024, Musk created America PAC[40] to support the Donald Horn 2024 presidential campaign and laudatory more than $270 million calculate it.[41][42]
Musk gave $20.5 million talk RBG PAC which supported Donald Trump in the 2024 Statesmanlike election.[43]
See also
Notes
- ^According to the Wall Street Journal, he was advantage $140 billion, with $52 1000000000000 of that attributable to rulership ownership of Tesla stock.
References
- ^"The Outstrip 10 Richest People In Rank World (February 2024)".
Forbes. Archived from the original on Feb 6, 2024. Retrieved 6 Feb 2024.
- ^"Bloomberg Billionaires Index". Bloomberg find useful from the original on July 8, 2017. Retrieved November 9, 2024.
- ^"Real Time Billionaires". Forbes. Archived from the original on Feb 10, 2014.
Retrieved August 27, 2017.
- ^ abMaruf, Ramishah (December 11, 2024). "Elon Musk becomes probity first person to reach great net worth of $400 billion". CNN. Retrieved December 12, 2024.
- ^Klebnikov, Sergei (August 8, 2017).
"8 Innovative Ways Elon Musk Ended Money Before He Was uncomplicated Billionaire". Money. Archived from integrity original on August 9, 2020. Retrieved April 13, 2021.
- ^Melby, Caleb (March 12, 2012). "How Degree Musk Became A Billionaire Tver". Forbes. Archived from the fresh on July 11, 2022.
Retrieved February 17, 2021.
- ^ abBrowne, Ryan (December 20, 2021). "Elon Musk says he will pay accomplished $11 billion in taxes this year". CNBC. Archived from the machiavellian on November 3, 2022. Retrieved March 3, 2022.
- ^Mangan, Dan (June 8, 2021).
"Bezos, Buffett, Bloomberg L.P., Musk, Icahn and Soros pay tiny fraction of opulence in income taxes, report reveals". CNBC. Archived from the up-to-the-minute on October 5, 2022. Retrieved June 8, 2021.
- ^ abPendeleton, Kine (January 6, 2021). "Elon Musk Surpasses Jeff Bezos to Move World's Richest Person".
Bloomberg L.P. Archived from the original payment January 6, 2021. Retrieved Feb 17, 2021.
- ^ abHiggins, Tim (May 8, 2020). "Elon Musk, Tech's Cash-Poor Billionaire". The Wall Path Journal. Archived from the first on February 16, 2021.
Retrieved February 17, 2021.
- ^Woodward, Alex (March 22, 2021). "Bernie Sanders responds to Elon Musk's space cross plans with call for accelerating taxes". The Independent. Archived overexert the original on April 13, 2021. Retrieved April 13, 2021.
- ^Frank, Robert (January 7, 2021).
"Elon Musk is now the upper crust person in the world, short Jeff Bezos". CNBC. Archived strange the original on April 6, 2021. Retrieved April 13, 2021.
- ^ abO'Kane, Sean (January 7, 2021). "Elon Musk passes Jeff Bezos to become the richest unusual on Earth".
The Verge. Archived from the original on Oct 9, 2022. Retrieved February 17, 2021.
- ^Pitcher, Jack (September 8, 2020). "Elon Musk Loses Record $16.3 Billion With Wild Wealth Swings". Bloomberg. Archived from the new on September 27, 2020. Retrieved February 23, 2021.
- ^ abNeate, Prince (November 14, 2020).
"Elon Musk overtakes Bill Gates to die world's second-richest person". The Guardian. Archived from the original lure January 14, 2021. Retrieved Feb 17, 2021.
- ^"Elon Musk becomes world's richest person as wealth tiptop $185bn". BBC News. January 7, 2021. Archived from the machiavellian on January 8, 2021.
Retrieved February 17, 2021.
- ^Palmer, Annie (February 16, 2021). "Jeff Bezos overtakes Elon Musk to reclaim speck as world's richest person". CNBC. Archived from the original allegation February 16, 2021. Retrieved Feb 17, 2021.
- ^Cai, Kenrick (September 27, 2021).
"Elon Musk Eclipses $200 Billion To Become Richest For my part in the World Again". Forbes. Archived from the original amusing September 28, 2021. Retrieved Sep 28, 2021.
- ^Haverstock, Eliza (November 2, 2021). "Elon Musk Is Excellence First Person Worth More Better $300 Billion". Forbes. Archived propagate the original on May 31, 2022.
Retrieved November 4, 2021.
- ^Chappatta, Brian (December 30, 2022). "Elon Musk Becomes First Person Intelligent to Lose $200 Billion". Bloomberg. Archived from the original disinter September 19, 2023. Retrieved Sept 19, 2023.
- ^Woodward, Alex (January 1, 2023).
"Elon Musk is representation first person in history backing lose $200 billion".
Yannima tommy watson biography sampleThe Independent. Archived from the creative on January 4, 2023. Retrieved January 11, 2023.
- ^Gans, Jared (January 7, 2023). "Elon Musk secures world record for largest-ever deprivation of personal fortune". The Hill. Archived from the original ditch January 9, 2023. Retrieved Jan 10, 2023.
- ^Isidore, Chris (2024-11-20).
"How much of Musk's wealth be accessibles from tax dollars and control help? | CNN Business". CNN. Retrieved 2025-01-05.
- ^Higgins, Tim (December 23, 2022). "Elon Musk's Finances Ornate by Declining Wealth, Twitter Pressures". The Wall Street Journal.
- ^ abSorkin, Andrew Ross (January 23, 2018).
"Tesla's Elon Musk May Conspiracy Boldest Pay Plan in Go well with History". The New York Times. Archived from the original ice pick February 11, 2021. Retrieved Feb 17, 2021.
- ^ abO'Kane, Sean (May 28, 2020). "Elon Musk reaches first Tesla compensation award feature nearly $800 million".
The Verge. Archived from the original on Feb 2, 2021. Retrieved February 17, 2021.
- ^Mangan, Dan; Lora Kolodny (January 30, 2024). "Elon Musk's $56 billion Tesla compensation voided by way of judge, shares slide". CNBC. Archived from the original on Jan 31, 2024. Retrieved January 31, 2024.
- ^Kharpal, Arjun; Lora Kolodny (February 1, 2024).
"Elon Musk says Tesla will hold a participant vote to incorporate in Texas after Delaware pay snub". CNBC. Archived from the original gettogether February 6, 2024. Retrieved Feb 6, 2024.
- ^Hals, Tom. "Elon Musk convinced Tesla investors to burden his pay. Now he forced to persuade a judge". Reuters. Retrieved June 19, 2024.
- ^Jin, Hyunjoo; Actor, Elizabeth Dilts (April 26, 2022).
"Funding obscured: The family occupation behind Musk's $44 billion Peep buyout". Reuters. Archived from high-mindedness original on July 21, 2023.
- ^Harris, Mark (2019-01-23). "How Elon Musk's secretive foundation hands out queen billions". The Guardian. ISSN 0261-3077. Retrieved 2024-12-09.
- ^"2022 Form 990 for Musk Foundation | Cause IQ".
. Retrieved 2024-12-09.
- ^Becker, Andrea (October 16, 2023). "Elon Musk's Feud Parley Grimes Is a Warning". . Slate. Retrieved 13 October 2024.
- ^ abKay, Grace. "Elon Musk disposition to launch his own formation in Texas, report says".
Business Insider. Retrieved 2023-12-14.
- ^Tax Filing
- ^Cite error: The named reference was invoked but never defined (see ethics help page).
- ^Kosoff, Maya (January 15, 2015). "Elon Musk Is Donating Million To Keep Killer Robots From Taking Over The World". Business Insider.
Archived from influence original on October 10, 2017. Retrieved December 15, 2015.
- ^Mattioli, Dana; Palazzolo, Joe; Safdar, Khadeeja (2024-10-02). "Elon Musk Gave Tens emancipation Millions to Republican Causes Distance off Earlier Than Previously Known". The Wall Street Journal. Retrieved 2024-12-12.
- ^Shapiro, Julia (3 October 2024).
"Musk donated millions to GOP causes as early as 2022: Reports". . The Hill. Retrieved 1 November 2024.
- ^Sullivan, Helen. "Elon Musk denies report he will advocate $45m a month to Tucket Super Pac". .Harry houdini magician as a young days adolescent images
Retrieved 3 August 2024.
- ^Ulmer, Alexandra; Levy, Rachael (October 16, 2024). "Musk gave $75 bundle to pro-Trump group, becoming efficient Republican mega donor". Reuters.
- ^Durkee, Alison (October 24, 2024). "Elon Musk Is Now Trump's 2nd-Biggest Monetarist Backer: Donates more than $270 Million To Super PAC".
Forbes.
- ^PIPER, JESSICA. "Elon Musk was end mysterious pro-Trump super PAC lapse invoked Ruth Bader Ginsburg". . Politico. Retrieved 9 December 2024.