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How Much is Elon Musk's Net Worth? Know About his Earnings

prazu Published On Wed Nov 10 2021   Modified On Wed Nov 10 2021
How Much is Elon Musk's Net Worth? Know About his Earnings

Grab All the Details On Elon Musk's Net Worth!!

Elon Musk is one of the most famous and prolific modern investors, responsible for tremendous advances in futuristic technology such as renewable energy and space travel. His forward-thinking and visionary ideas have earned him scientific and philanthropic recognition and awards.

After making his fortune through the internet payment service PayPal, he invested $100 million in his space travel company, SpaceX, and began building satellites, launch vehicles, and other spacecraft for NASA. Musk company set new records with his privately funded spacecraft.

The 50-year-old billionaire recently broke up with Grimes after being together for three years, and the duo has one kid together. Besides Elon's professional life, we'll learn more about his net worth and earnings.

How Much is Elon Musk's Net Worth?

According to Celebrity Net Worth, the estimated net worth of Elon Musk is around $318.4 Billion. He owns 48% of the rocket company SpaceX and 20% of Tesla. Musk is the richest person in the world.

Elon Musk is one of the world's most successful entrepreneurs.

Elon Musk is one of the world's most successful entrepreneurs.
Photo Source: Instagram

According to documents filed as part of a defamation lawsuit, he pledges $11 million shares as collateral against his personal obligations, including approximately $500 million in personal debt and bank loans.

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Musk explained in a 2019 legal deposition that he is somewhat cash-strapped and that shares in Tesla and SpaceX account for 99% of his wealth. As per the lawsuit, Musk's base salary at Tesla is $56,380. In most years, he declines the compensation.

Elon is in debt for $500 million, $202 million of which is owned by Morgan Stanley. At least $60 million of his Morgan Stanley debt is related to home mortgages. Goldman Sachs is responsible for approximately $213 million of its debt.

Almost half of Elan's Tesla stock was pledged as collateral to Goldman and Morgan Stanley. He is said to have spent all of his liquid cash from previous business sales to launch SpaceX.

Elon Musk Real Estate

Elon Musk previously owned real estate worth $100 million in California alone. He still owns a 100-year-old, 16,000-square-foot villa on nearly 50 acres in the Northern California town of Hillsborough. In 2017, he paid $23.364 million for this home.

Elon Musk's house in Los Angeles.

Elon Musk's house in Los Angeles.
Photo Source: TheRichest

In Southern California, Musk once owned six homes in the Bel-Air neighborhood of Los Angeles. Musk's Bel-Air footprint includes a 20,000-square-foot house purchased for $17 million in 2012, a 7,000-square-foot house for $20 million in 2015, and a 9,300-square-foot house for $24.25 million in 2016.

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Elon stunned the world in 2020 when he announced his intention to sell all of his worldly possessions, beginning with his Los Angeles homes. He kept his word and processes to sell off each house. In December 2020, he sold four houses at once to a single buyer.

Elon Musk Car Collection 

Elon Musk is one of the world's most successful entrepreneurs. He works for several large corporations in a variety of fields. 

Elon Musk is showing off his car.

Elon Musk showing off his car.
Photo Source: Instagram

Tesla Inc.'s CEO and product artitect is Musk. In fact, he is a car enthusiast, and his cars define him. Some of his collection of supercars and crazy vehicles are:

  • 1978 BMW 320i
  • 1967 E-Type Jaguar
  • McLaren F1
  • Audi Q7
  • Hamann BMW M5
  • Lotus Esprit submarine car
  • Ford Model T
  • Tesla Cybertruck
  • Tesla Model s

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