He owns six companies: Tesla, SpaceX, X (formerly Twitter), The Boring Company, Neuralink, and xAI. Musk is projected to become the world's first trillionaire by 2027, according to some projections.
For decades, Forbes has assessed his wealth, currently estimating it at $5.1 billion as of early June 2025. Meanwhile, Bloomberg estimated his wealth at $7.08 billion in January 2025.
Elon Musk's IQ remains a subject of debate. Estimates range from 155 to 160, which puts him among the “Highly Gifted.” Yet biographer Seth Abramson stirred controversy by claiming Musk's IQ couldn't exceed 110. This stark contrast has sparked intense discussions about his true intellectual capacity.
Tesla is a leading auto manufacturer and one of the most valuable companies in the world. As of August 2025, the largest shareholder is CEO Elon Musk, who holds 15.73% of Tesla equity. Besides Musk, the largest shareholders are asset managers, like Vanguard and BlackRock.
Kairan Quazi, who joined Elon Musk's SpaceX as an engineer at just 14, is leaving the aerospace company after two years to start a new role at Citadel Securities in New York.
In 2023, Time named him one of the world's 100 most influential people; he was also named one of the world's 100 most influential digital creators by Time in July 2025. He ranked first on the Forbes list for the highest-paid YouTube creator in 2024. In 2025, his net worth was estimated at $1 billion.
According to a new report from Informa Connect Academy, which predicts trillionaire status based on average annual growth rate in wealth, Tesla CEO Elon Musk will likely be the first trillionaire. Musk is currently the world's richest person, with $251 billion, according to the Bloomberg Billionaires Index.
In the American system each of the denominations above 1,000 millions (the American billion) is 1,000 times the preceding one (one trillion = 1,000 billions; one quadrillion = 1,000 trillions).
Elon Musk is the wealthiest person in the world, with an estimated net worth of US$371 billion as of August 2025, according to the Bloomberg Billionaires Index, and $408 billion according to Forbes, primarily from his ownership stakes in Tesla and SpaceX.
Net worth is the sum of your assets (such as your cash savings, investments, and value of your home) minus the sum of your debts. In other words, it's what you own minus what you owe.
2% of Elon Musk's wealth could help solve world hunger, says director of UN food scarcity organization. A small group of ultra-wealthy individuals could help solve world hunger with just a fraction of their net worth, says the director of the United Nations' World Food Programme.
How Many Millions in a Billion: Quick Answer. If you're looking to go from million to billion, you'll need to multiply by 1,000. In other words, there are 1,000 millions in a billion.
But for the richest people in the world, $1 million is a mere drop in the bucket. Billionaires such as Elon Musk and Jeff Bezos could spend $1 million every single day and never run out of money.
John D. Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 through his ownership of Standard Oil. 2 From that point over a century ago, wealth has multiplied to the point where the richest people in the world have fortunes that exceed $200 billion.
