Elon Musk Net Worth in 2024: Latest Figures and Financial Impact
Known for his entrepreneurial spirit and visionary ideas, Elon Musk is one of the wealthiest individuals in the world. As of 2024, his net worth has crossed $221.4 Billion.
In 2024, Elon Musk has emerged as one of the richest person in the world with a current net worth of around $251.3 Billion. From becoming the first person to reach the net worth milestone of $300 billion to acquiring Twitter, the last year was quite great for Musk. The difference between Elon Musk net worth and Jeff Bezos’ net worth (who is at 3rd position among richest persons) shows a clearer picture of how Musk is going to enjoy this position for some more time now. Let us have a closer look at Elon Musk net worth in 2024 and other important details about the world’s richest man.
Elon Musk Net Worth 2024
| Name | Elon Musk |
| Profession | Businessman |
| Net worth (2024) | $221.4 Billion (As 12 August) |
| Annual income | $2400 million (est.) |
| Monthly income | $200 million (est.) |
Elon Musk Biography
Elon Musk was born on June 28 1971, in Pretoria, South Africa to Maye Musk and Errol Musk. His mother is a model and dietitian and his father is a electromechanical engineer, pilot, sailor, consultant and property developer. He is also co-owner of a Zambian emerald mine near Lake Tanganyika. Musk also has a younger brother and sister.
Musk met his first wife, Justine Wilson, in Queen’s University and they got married in 2000. In 2002, their first child died at the age of 10 weeks but the couple was later blessed with twins in 2004 and triplets in 2006. Musk and Wilson got divorced in 2008 with shared custody of all children.
In 2008, Musk began dating English actress Talulah Riley and married two years later. They got divorced in 2012, remarried in 2013, filed for divorce in 2014 and got divorced finally in 2016. Musk has also dated Amber Heard for several months in 2017.
Musk began dating musician Grimes and she gave birth to their son in 2020. The child was named “X Æ A-12” which was later changed to X AE A-XII Musk, (X as first name, AE A-XII as middle name, and Musk as surname). In 2021, the couple had a daughter named Exa Dark Sideræl Musk (nickname “Y”).
| Name | Elon Musk |
| Profession | Businessman |
| Net worth | $221.4 Billion |
| Source of wealth | Tesla, SpaceX |
| Self-Made Score | 8 |
| Philanthropy Score | 1 |
| Education | Bachelor of Arts/Science, University of Pennsylvania |
| Age | 53 years |
| Gender | Male |
| Date of birth | 28 June 1971 |
| Marital status | Married |
| Number of children | 11 |
| Nationality | United States |
| Residence | Austin, Texas |
| Parents | Maye Musk (mother) Errol Musk (father) |
Business Career
Zip2 was the first company that Musk started along with his brother and Greg Kouri in 1995. This company was later acquired by Compaq for $307 million for which Musk received $22 million.
Later in 1999, Musk co-founded an online financial services and e-mail payment company X.com. The company merged with online bank Confinity (PayPal) with Musk as as CEO of the merged company. In 2002, eBay acquired PayPal for $1.5 billion and Musk received $175.8 million.
In 2001, Musk got involved with the nonprofit Mars Society and decided to start a company to build affordable rockets. Musk founded SpaceX in May 2002 with $100 million of his own money and became the company’s CEO and Chief Engineer.
Again in 2004, Musk invested $6.5 million in Tesla’s share and became the majority shareholder and chairman of board of directors. Tesla was originally co-founded by Martin Eberhard and Marc Tarpenning who also played major roles in early development of the company.
Musk expressed his interest in buying Twitter in 2017 and began purchasing its shares in 2022. He was the largest shareholder of twitter by April and a week later he has successfully concluded his bid for approximately $44 billion and bought Twitter.
Elon Musk Forbes Lists
Musk has been included under various Forbes list including Forbes Billionaires and Forbes 400 where he ranked at 1st position.
| List | Ranking |
| Real Time Billionaires 2024 (Forbes) | 1 |
| Forbes 400 (2022) | 1 |
| Billionaires (2022) | 1 |
| Innovative Leaders (2019) | 1 |
| Powerful People (2018) | 25 |
| Richest In Tech (2017) | 12 |
Did you know
- Musk, who has shown his concern about increasing population, himself has nine children with three women including triplets and two sets of twins.
- As a kid in South Africa, Musk learned how to code on his own, created and sold his first game Blastar for about $500.
- In 2022, one of Musk’s twins officially changed her name to reflect her gender identity, and to use Wilson as her last name because she no longer wished to be associated with Musk.
- Musk has been accused by Johnny Depp of having an affair with Heard while she was still married to Depp.
FAQs
$221.4 Billion
Elon Musk
Musk was born in a wealthy family but his status of a billionaire is self made.
The net worth mentioned above is subject to change with the fluctuations in market. For now, the details provided are correct but if any changes occur, we will update it accordingly. If you still have any query, please let us know in the comment section.
