How much money is Elon Musk worth?

Currently the richest person on the planet, Elon Musk is on the verge of becoming the first trillionaire in history

What was the source of the founder's wealth for SpaceX and Tesla?

Elon Musk's political and technological antics, such as rebranding Twitter as X or his highly visible feud with US President Donald Trump, tend to keep him in the public eye even when his financial troubles aren't making headlines.

Except for the brief period in September 2025 when Oracle's Larry Ellison overtook him, Musk has been the richest person in the world since 2021.

Forbes estimates that Elon Musk has a £495 billion fortune. Musk recently briefly surpassed the £500 billion milestone, putting him halfway to becoming the first trillionaire in history.

Elon Musk's current situation is examined, along with the different contributing factors.

Analyzing Elon Musk's wealth.

Musk, who was born in South Africa in 1971, showed a strong interest in innovation and technology at a young age. At the age of 17, he moved to the US to pursue college. His first major success came with Zip2, a company that provided online business directories and maps to newsletters a novel concept at the time.

Musk entered the tech sector when Compaq paid almost £300 million to acquire Zip2 in 1999. Musk founded X . com, an online payment system that later changed its name to PayPal, using the money he received from the sale. PayPal was purchased by eBay for £1.05 billion in 2002.

In order to facilitate space travel and specifically to colonize Mars, Musk established SpaceX in the same year. According to Forbes, SpaceX is currently valued at £400 billion, and Musk owns about 42% of the business, or £168 billion.

Musk began working for Tesla Motors in 2004 and was appointed CEO four years later. Tesla changed under his direction, becoming a market leader for electric vehicles. From £12 billion in 2017 to £54 billion in 2021, Tesla's revenue increased dramatically. Tesla's market value is £1.13 trillion as of this writing.

Musk's business endeavors have expanded beyond SpaceX and Tesla to include other sectors. In 2016, Tesla bought SolarCity, a company he co-founded that installed solar panels.

Then there is xAI Holdings, which was created in March 2025 by combining his new artificial intelligence business xAI with X/Twitter. The company was valued at £113 billion in the deal, and Musk is thought to own 53% of the company.

Musk has a significant impact outside of the tech industry, even though his business endeavors account for the majority of his wealth. He was a well-known Donald Trump supporter in the US elections of 2024, which led to Musk being named head of the Department of Government Efficiency (DOGE). However, he has since left DOGE to concentrate on Tesla.

Elon Musk's creation of Tesla.

Many things contributed to Tesla's success, including its unwavering focus on innovation, state-of-the-art technology, and production of electric vehicles that outperformed those of competitors.

Musk even went so far as to tweet that "the car has a mind" in order to sneak a peek at what the company's artificial intelligence (AI) technology would bring.

In 2015, Musk projected that Tesla would introduce autonomous vehicles in two years. Ten years later, following a number of delays and setbacks, robotaxis are now available for purchase.

However, Tesla's stock saw a decline in early 2025, which was mostly brought on by Musk's contentious political activities. As of April 8, the share price of EV manufacturers had dropped by almost 42% since the year began.

However, shares have since recovered 92% of their value and almost doubled in price. For the year's total returns, Tesla has surpassed the other Magnificent Seven large tech stocks, including Apple and Amazon.

It's unclear what will happen to Elon Musk's enormous wealth now that former workers have called Tesla a toxic workplace. In another article, we discuss the implications of this for investors who care about social issues.

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