Elon Musk is unfathomably rich. Here’s where his money is stashed. (2024)

FAQs

Why did Elon Musk lose all his money? ›

The decline in Musk's wealth is due to Tesla's declining share price, which is down by 29 per cent this year so far and is down 50 per cent from its 2021 peak. A majority of Musk's wealth comes from his 21 per cent stake in Tesla.

According to Bloomberg, close to half of Musk's net worth comes from Tesla shares, while just over 20% comes from SpaceX stock. The rest of his wealth comes from shares in Twitter and The Boring Company, as well as other miscellaneous liabilities.

Let's first answer the critical question — Elon Musk's IQ is around 155. For context, it is believed that Albert Einstein had an IQ between 160 to 165. As such, Elon is way more brilliant than the average person.

Musk lacks significant tranches of cash; his money is largely tied up in ownership stakes of his companies. To buy Twitter in 2022, he leveraged his large share in Tesla and solicited investors, rather than relying on liquid sums.

Most people think Musk's wealth stems from Tesla (TSLA). As the CEO of the electric vehicle (EV) company, it's no secret that TSLA has been a rocket ship for Musk's net worth, with an astonishing 3,000% stock surge over the last decade.

Bernard Arnault and his family are at number one, with a net worth of $233 billion. Arnault is head of LVMH, a luxury fashion and cosmetics conglomerate in France. The family is usually in the top three of Forbes' wealthiest people in the world lists.

The Richest People In The World. 1. Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora. 2.

According to iq-tests.org, Kim Kardashian's estimated IQ is 119, which falls into the category of "high average" intelligence [1]. It is important to note that IQ scores can vary depending on the test and the methodology used, so this estimate should be taken with a grain of salt.

Who has 400 IQ? ›

It's hard to believe such people exist. Nata-bird wrote: Adragon De Mello (IQ Score: 400)His record was broken in 1994 by another student, but today, De Mello is known to have one of the highest IQ scores in all of human history – an IQ score of 400!

Musk used the majority of the money he gained from PayPal to start SpaceX in 2002. The company has won contracts with NASA and the U.S. Air Force to design rockets. SpaceX is a private company, but Musk held a 42 percent stake in the business through a trust, according to a 2022 filing reviewed by Bloomberg.

It will take Elon Musk 673 years to exhaust his wealth if he spent $1m daily.

Some estimate he lost up to $200 billion, Guinness said at the time. The 2022 dip was also attributed to poor performance of Tesla stock, which plummeted 65% in 2022, according to Guinness. Musk's acquisition of Twitter also cost him a pretty penny.

Elon Musk, Tesla CEO and the chief of X, formerly known as Twitter, has given less than one per cent of his wealth. Musk has previously raised eyebrows when he declared last year that his for-profit ventures (Tesla, SpaceX, Neuralink) were “all philanthropy”, claiming his business ventures had a higher social purpose.