With a net worth of $850 billion, Elon Musk is the richest person in the world, but how much cash does he have? he reveals
Elon Musk is currently the richest man in the world, with a net worth of around $850 billion. While most of his fortune is tied up in Tesla and SpaceX shares, how much money does he actually have in his bank account? According to Musk, not much.
Elon Musk is currently the richest man on earth and this year he can also become the world’s first trillionaire. According to the Forbes Billionaires List, the xAI CEO currently has a net worth of $849.3 billion, which puts him far ahead of every other billionaire on the planet. While we know his money comes from the many companies he created, acquired, and supported, including SpaceX, Tesla, and others, if Musk is to be believed, most of his wealth is not in a bank account. In fact, very little of it is actually cash.
In a recent post on X, Musk addressed speculation about his money and revealed that most of his net worth is almost entirely due to his ownership stake in Tesla and SpaceX. “My ‘net worth’ is almost entirely due to my ownership stake in Tesla and SpaceX. I have <0.1% of that is cash," Musk wrote.
Meanwhile, Musk also pushed back on the idea that only he benefits from his growing wealth. In the same post, he explained that Tesla and SpaceX employees get stock and stock options. “Tesla and SpaceX employees all get stock/options and Tesla is 80% owned by retail investors and index/pension funds, so the price increase applies to them more than 80% of the time,” he said.
Musk close to becoming a trillionaire thanks to SpaceX-XAI deal
Interestingly, Musk’s journey to becoming a trillionaire is thanks to the recent SpaceX-XAI deal. According to Forbes, his net worth recently reached a record $852 billion after SpaceX acquired XAI in a deal that valued the combined company at $1.25 trillion. The transaction alone reportedly increased his fortune by approximately $84 billion.
How much money does Elon Musk have?
For Musk, SpaceX is by far his most valuable asset. After the merger, they have an estimated 43 percent stake in the combined SpaceX-XAI entity, which is estimated to be worth more than $540 billion. Additionally, he owns about 12 percent of Tesla, worth about $178 billion, as well as Tesla stock options worth $124 billion.
And that’s not even counting his huge performance-based Tesla pay package, which could unlock even more stock in the future if he meets ambitious long-term goals.
Simply put, Musk’s wealth is reportedly largely “paper assets”, tied to company valuations and stock prices. If shares of Tesla or SpaceX rise, his net worth increases. If they fall, it can shrink just as fast. But in terms of liquid cash, he says it is less than 0.1 percent of his total assets.
What could make him a trillionaire?
It is being speculated that if Tesla’s stock continues to rise and SpaceX gets closer to a potential IPO, his net worth could increase even further. According to market predictions, Musk may become the world’s first trillionaire by the end of this year.
