What is Elon Musk salary and net worth?
Born in South Africa, Elon Musk is a Canadian-American entrepreneur, inventor, and investor with a $675 billion fortune. Elon Musk is the first trillion, the richest person in history, and by far the richest person on the planet.
Elon Musk is the first person in history to have a net worth of more than $300 billion, $400 billion, $500 billion, $600 billion, $700 billion, $800 billion, $900 billion, and $1 trillion. In fact, on June 16, 2026, he became the world’s first trillion and the first person in history to have a net worth of $1.5 trillion.
Elon presently holds 11% of Tesla and 43% of SpaceX. If SpaceX and Tesla are both valued at a very conservative $1 trillion, that amounts to $430 billion and $110 billion, respectively, for a total of $540 billion from these two assets alone. He owns additional assets valued at almost $100 billion.
World’s First trillion
Elon Musk became the first trillion in history in June 2026 with SpaceX’s historic IPO. When SpaceX ultimately went public, wealth trackers had long predicted that Musk would surpass the 13-digit mark. It was expected that the company would eventually begin trading on the Nasdaq under the symbol “SPCX.” Rather, the significant event occurred when SpaceX priced their initial public offering (IPO) really happened one day earlier.
SpaceX raised $75 billion thru the sale of 555.6 million shares at a price of $135 each on June 11, 2026, making it the largest initial public offering (IPO) in history. SpaceX was valued at $1.77 trillion in the transaction, or about $1.8 trillion when completely diluted. Retail investors alone reportedly placed orders totaling over $100 billion, making the IPO more than four times oversubscribed.
Prior to the IPO, CelebrityNetWorth calculated Musk’s net worth to be $800 billion. According to that assessment, his SpaceX investment was valued at about $540 billion, while his non-SpaceX assets, namely Tesla and other interests, were estimated to be worth about $260 billion. That amount was consistent with SpaceX’s previous $1.25 trillion private valuation.
The math was altered by the IPO. The estimated value of Musk’s nearly 43% stake in SpaceX was $1.77 trillion, or over $761 billion. After his estimated $260 billion in non-SpaceX assets were brought back, his net worth rose to roughly $1.02 trillion.
Early Years
On June 28, 1971, Elon Musk was born in Pretoria, South Africa. At the age of ten, Musk, a bright youngster, bought his own computer and learned how to program it. At the age of twelve, he sold his first piece of commercial software, a space-themed game named Blaster, for $500. At the age of 17, he relocated to Canada in 1989 to attend Queen’s University in order to avoid being forced to serve in the South African military during the apartheid era and to take advantage of better economic opportunities in North America.
In 1992, he transferred to the University of Pennsylvania, where he graduated with bachelor’s degrees in economics and physics. He briefly enrolled at Stanford University to seek a PhD in energy physics, but departed after just two days. Musk made the decision that he would like to create the future rather than research it as the internet boom got underway.
Zip2
In 1995, Musk and his brother Kimbal founded their first company, Zip2 Corporation. The business provided material for new online editions of newspapers like the Chicago Tribune and the New York Times, acting as an online city guide. It was basically a combination of Yelp and an early version of Google Maps. In 1999, at the peak of the dot-com boom, Compaq Computer paid $307 million in cash and $34 million in stock options for Zip2. Musk received roughly $22 million from the deal, which he used as startup capital for his upcoming businesses.
PayPal (X.com)
Musk co-founded X.com, an online financial services and email payment company, in 1999 with the money he made from Zip2. Soon after, X.com amalgamated with infinity, its main rival and provider of the PayPal money transfer service. In 2001, the combined business changed its name to PayPal and concentrated on the PayPal service. In October 2002, eBay paid $1.5 billion in stock to acquire PayPal. Musk gained about $165 million from the transaction as the biggest shareholder with an 11.7% stake.
Other Projects
- X (previously Twitter): In 2022, Musk paid $44 billion to acquire the social media site Twitter, which he then re-branded as “X” in order to realize his goal of developing a complete “everything app.”
- The Boring firm is an infrastructure firm that was established in 2016 with the goal of reducing urban traffic congestion by constructing tunnels.
- neural-ink: Another company established in 2016, neural-ink is creating implantable brain-machine interfaces to link computers and the human brain.
- xAI: This artificial intelligence startup was established in 2023 with the intention of competing with top AI labs and comprehending the true nature of the universe.
Real Estate
Elon once possessed $100 million worth of real estate in California. He still owns a 16,000-square-foot, 100-year-old home on almost 50 acres in the Northern California hamlet of hills-borough. In 2017, he paid $23.364 million for this home. He used to possess six houses in the bl-air district of Los Angeles in Southern California. In 2012, he paid $17 million for a 20,000-square-foot house; in 2015, he paid $20 million for a 7,000-square-foot house; and in 2016, he spent $24.25 million for a 9,300-square-foot house. Elon shocked everyone in 2020 by declaring he would sell everything he had, beginning with his houses in Los Angeles. He sold each house as promised.
