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Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. He is also known for his ownership of X Corp. (the company that operates the social media platform X, formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [5] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [6] Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [7] According to ProPublica, Musk paid no federal income taxes in 2018. [8]
The company estimates Elon Musk’s net worth will surpass the $1 trillion mark in 2027, assuming his wealth growth continues at its current rate of 110% a year.
Elon Musk is projected to become a trillionaire by 2027, per Informa Connect Academy. The report's predictions are based on an individual's annual wealth growth rate.
Since around 2020, entrepreneur Elon Musk has increasingly relocated his company's activities from California to Texas following disputes with the local authorities in California in the COVID-19 pandemic. [3] In Texas, businesses benefit from more favorable tax rates and fewer regulations.
Musk is currently the world’s richest person, with $251 billion, according to the Bloomberg Billionaires Index. Connect Academy forecasts Musk will become a trillionaire sometime in 2027 ...
2017 Jeff Bezos United States [2] 2020 Bernard Arnault France [1] Elon Musk United States/ South Africa [1] Mark Zuckerberg United States [1] 2021 Mukesh Ambani India [3] Steve Ballmer United States [3] Sergey Brin United States [3] Warren Buffett United States [3] Larry Ellison United States [3] Larry Page United States [3] 2022 Gautam Adani ...
After receiving $800M of orders ($179M PowerWall, $625M PowerPack) within 1 week of unveiling, Musk estimated that the Gigafactory 1 is not enough to supply demand. [105] In May 2017 at a TED Talk, Elon Musk stated his intention to announce three or four new Gigafactory sites to manufacture both batteries and complete cars. [106]