Tesla CEO and founder Elon Musk has an estimated net worth of $663 billion, which ranks him as the richest person in the world. While Musk has a vast fortune, his wealth has been wildly fluctuating over the past few years. and is currently down $172 billion from his peak of $486 billion in December 2024.
| Full Name | Elon Reeve Musk |
|---|---|
| Net Worth | $663 billion |
| Age | 54 |
| Date of Birth | June 28, 1971 |
| Place of Birth | Pretoria, Transvaal, South Africa |
| Occupation | CEO of Tesla, SpaceX, Neuralink, xAI, X Corp., Boring Company |
In this article, we’re going to explore how much money does Elon Musk have and examine his different ventures and connections to crypto.
Key takeaways about Elon Musk’s net worth in 2026:
- Despite frequent fluctuations in his wealth, Elon Musk remains the world’s richest person at $663 billion.
- Musk’s net worth has grown significantly over the past year, fueled by a TSLA share price increase, SpaceX’s valuation growth, and Tesla shareholders approving a massive compensation package for Musk.
- Tesla stock fluctuations heavily influence Musk’s net worth, with ownership stakes in SpaceX, Neuralink, and others contributing.
- He is a vocal supporter of cryptocurrencies, particularly Dogecoin.
Who is Elon Musk?
Image source: Getty Images (Theo Wargo)
Born in June 1971 in South Africa, Elon Musk is a billionaire entrepreneur and business magnate known for founding and co-founding a series of technological companies, including Tesla, PayPal, SpaceX, Neuralink, and The Boring Company. He is also the CEO and owner of X (formerly) Twitter, having acquired a controlling stake in the company for $44 billion in late 2022.
Musk was interested in science and computers from a young age, reportedly starting to code when he was ten and selling a BASIC-based game Blastar for $500 at age twelve. In 1989, he moved to Canada, where he attended Queen’s University. In 1992, he moved to the United States, where he attended the University of Pennsylvania. At UPenn, he completed his studies and received a Bachelor of Arts degree in physics and a Bachelor of Science degree in economics.
Musk has, on numerous occasions, highlighted his ambitious goals of revolutionizing transportation, reducing the effects of climate change, and colonizing Mars. He is convinced that electric vehicles, cheaper space flight, and a move away from fossil fuels are paramount to increase the chances of humanity’s long-term survival and well-being.
His lofty goals and expansive business empire have earned him a huge following of 236 million followers on Twitter. In addition, Musk previously served on the president’s advisory board during the Trump administration but resigned after the U.S. withdrew from the Paris climate agreement. He played a central role in the Department of Government Efficiency (DOGE), an initiative of the second Trump administration aimed at modernizing federal technology and streamlining government operations.
What is Elon Musk’s net worth in 2026?
According to Bloomberg, Elon Musk’s net worth stands at a whopping $663 billion as of March 2026.
Musk’s net worth has seen a dramatic spike over the past year due to several factors:
- The valuation of SpaceX has increased substantially, to around $1.5 trillion.
- Tesla stock is up over 80% in the last year.
- Tesla shareholders approved a massive compensation package for Elon Musk which could pay him up to $1 trillion in total.
- xAI has been a beneficiary of the AI boom.
Source: Bloomberg Billionaires Index
However, Elon Musk’s net worth displayed plenty of volatility in the past – between November 2021 and early January 2023, his fortune plunged by $200 billion from its peak. In fact, the historic drop earned him the unfortunate distinction of becoming the first person to lose $200 billion, a Guinness World Record.
While most of Musk’s wealth is tied to Tesla, he has a controlling share in a number of other companies as well. We’ll explore his most prominent business ventures in later sections.
Despite his already massive wealth, Elon Musk is still making millions per day, more than virtually every other billionaire.
Elon Musk’s business ventures
Elon Musk holds significant stakes in his main businesses (see table below). However, it is worth noting that while the ownership in these companies represents the lion’s share of Musk’s total net worth, he has numerous other investments as well. For instance, he was among the initial group of investors in ChatGPT, a popular AI bot that has taken the world by storm in recent months.
| Company | Type | Founded | Sector | Nr. of Employees | Market Cap | 2024 Revenue | Musk’s Ownership Stake |
|---|---|---|---|---|---|---|---|
| Tesla | Public | 2003 | Automotive | 125,000 | $1.26 trillion | $94.8B | 13% |
| SpaceX | Private | 2002 | Spacecraft Manufacturing | 13,000 | $350B | $14.2B | 42% |
| X (formerly Twitter) | Private | 2006 | Social Media | 2,800 | $44B* | $2.9B | 74% |
| Neuralink | Private | 2016 | Neurotechnology | 600 | $9.6B | No data | 100% |
| The Boring Company | Private | 2016 | Infrastructure | 400-600 | $7B | No data | 90% |
Ownership stake data was collected from Bloomberg. *Valuation before the company went private.
Tesla
Tesla is a manufacturer of electric vehicles, energy storage solutions, and solar panels. It was founded in 2003 and has since grown to become the largest maker of electric vehicles in the world – producing over 1.3 million cars in 2022 – as well as a leader in energy storage and solar panel production. However, the broader economic downturn and Covid-induced lockdowns in China saw Tesla struggling in 2022, which resulted in the company laying off 10,000 employees. Since then, the company has turned its fortune around and managed to cement its position as the leading EV manufacturer. However, the competition from the Chinese EV firms is currently more fierce than ever.
SpaceX
SpaceX is a private aerospace manufacturer and space transportation services company founded in 2002 by Elon Musk with the goal of reducing space transportation costs and enabling the colonization of Mars. The company has made history with several milestone achievements, such as being the first privately funded company to send a spacecraft to the International Space Station (ISS), the first to reuse an orbital rocket, and the first to launch a reusable spacecraft that can return to Earth and be flown again. In 2015, the company started developing Starlink, an internet satellite constellation aiming to provide broadband speeds across the globe.
SpaceX has reached a valuation of $1.5 trillion and the company is reportedly seriously planning for an IPO. However, there is currently no official SpaceX IPO date.
X (formerly Twitter)
Twitter is one of the largest social media networks in the world, founded in 2006 by founder and former CEO Jack Dorsey. In 2022, Musk bought Twitter in a $44 billion blockbuster deal at $53.7 per TWTR share. Musk has faced considerable criticism for his leadership approach at the company since, primarily due to his decision to terminate more than half of all workers on very short notice. “Unfortunately there is no choice when the company is losing over $4M/day,” Musk commented on the massive wave of layoffs.
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.
Everyone exited was offered 3 months of severance, which is 50% more than legally required.
— Elon Musk (@elonmusk) November 4, 2022
Neuralink
Founded by Musk in 2016, Neuralink is a neurotechnology company that is developing brain-computer interfaces. Its goal is to allow humans to control electronic devices without the lag of conventional input methods, such as voice, keyboards, computer mice, and others.
The Boring Company
The Boring Company is yet another of Musk’s companies that aims to revolutionize our way of living. It specializes in building underground tunnels, which Musk claims can be used for high-speed intra-city transit systems. If successful, the company could completely change transportation and move most of the required infrastructure underground.
xAI
Founded in March 2023 by Musk, xAI aims to delve into AI technology with a lofty mission to “understand the universe.” The team working at xAI features some impressive individuals, including machine learning expert Manuel Kroiss, former DeepMind and OpenAI employee Igor Babuschkin, and mathematician and AI specialist Yuhuai (Tony) Wu. In November 2023, Musk said that X Corp. shareholders would have a 25% stake in xAI. According to WSJ, xAI sought capital at a valuation of $24 billion in May 2024.
Elon Musk & Crypto: A (very) public affection for Dogecoin
While Musk has never disclosed how much of any crypto assets he owns, he has revealed that he owns Bitcoin, Ethereum, and his favorite crypto, Dogecoin.
Dogecoin is a meme coin project that started in 2013 as a parody of Bitcoin. Like Bitcoin, it uses the Proof-of-Work (PoW) consensus algorithm. However, its utility is very limited and can serve exclusively as a medium of transferring value on the internet.
Musk first mentioned Dogecoin in 2019 but got more involved with the cryptocurrency in 2021. Many believe that he was instrumental in pushing the digital token into the mainstream, which sparked a massive bull run that saw the price of DOGE increase from $0.0047 to an all-time high of $0.74 between January and May 2021. He famously introduced DOGE to a broader US audience during his appearance on Saturday Night Live in 2021.
The bottom line: Musk is the world’s richest person
The extent of Musk’s fortune can be downright incomprehensible from a regular person’s perspective. His current net worth figure of $663 billion is still over 7.9 million times larger than the median income of a typical U.S. household – truly staggering.
While Musk holds the unfortunate record of being the first person to lose $200 billion, the record for losing the biggest share of one’s wealth in a single day belongs to Sam Bankman-Fried, the former CEO of now-defunct cryptocurrency exchange FTX.
If you want to learn more about the net worths of some of the most prominent figures in crypto, give our reports on Ethereum founder Vitalik Buterin, Bitcoin inventor Satoshi Nakamoto, and TRON founder Justin Sun a read.
Source:: Elon Musk’s Net Worth in 2026: How Rich is the Tesla CEO?