Elon Musk Net Worth and Statistics
Updated · Feb 06, 2025
TABLE OF CONTENTS
- Introduction
- Editor’s Choice
- Facts About Elon Musk
- Leading Billionaires Worldwide By Net Worth
- X Accounts With The Most Followers Worldwide
- Forbe’s 50 Richest People In The World 2024 By Industry
- Wealthiest Individuals In The Technology Industry By Net Worth
- Top Space Startups Worldwide By Total Funding
- US Most Well-Known Business People
- Elon Musk And His Companies
- Conclusion
Introduction
Elon Musk Net Worth and Statistics: Elon Musk, a name synonymous with innovation, disruption, and ambition, has etched an indelible mark on the 21st century. From revolutionizing the automotive industry with Tesla to pioneering space exploration with SpaceX, his entrepreneurial ventures have redefined the boundaries of human potential. Musk’s journey is as extraordinary as his achievements. Born in South Africa, his early life was marked by a voracious appetite for knowledge and a penchant for challenging the status quo. His entrepreneurial spirit emerged at a young age when he developed and sold a video game at twelve.
This early success laid the foundation for a life dedicated to pushing the frontiers of technology. Let’s see what these Elon Musk Statistics let us know about the richest person on the planet in 2024.
Editor’s Choice
- According to Pew Research, after Elon Musk acquired Twitter, the average number of tweets per user per month declined by 25%.
- As of August 2023, @elonmusk was the most followed account on X, with 140.55 million followers. Barack Obama and Justin Bieber followed shortly after, with 132.6 million followers and 112.73 million followers, respectively.
- In the technology industry, Elon Musk has been reported to be the wealthiest individual, with a net worth of USD 217 billion. He owns X, which was formerly known as Twitter.
- Tesla is projected to generate around 90 billion US dollars in revenue, reflecting an 11% growth from 2023. The net income is expected to rise to 14 billion US dollars.
- In 2023, In North America, Tesla held a 58% market share in the EV segment, which is expected to decrease slightly to 55% in 2024.
- Elon Musk’s SpaceX has generated the highest funding, 9.6 billion USD. Other companies that have to go a long way in comparison to SpaceX are Relativity Space, Rocket Lab, and Spire Global.
- In 2023, the Boring Company generated around 20 million US dollars in revenue from tunnel construction projects.
- Elon Musk has citizenship in three countries. He was born in South Africa, received Canadian citizenship at the age of 17, and has held US citizenship since 2002.
- SpaceX successfully launched multiple Starlink missions in 2023, expanding its satellite internet constellation to over 4,000 operational satellites.
- At the age of 10, he learned how to code and created a video game named Blaster, which he sold for $500.
Facts About Elon Musk
- Elon Musk Statistics show that Elon Musk has citizenship in three countries. He was born in South Africa, received Canadian citizenship at the age of 17, and has held US citizenship since 2002.
- At the age of 10, he learned how to code and created a video game named Blaster, which he sold for $500.
- Elon Musk is a big fan of X-Men comics, which made him name his robots at Tesla Iceman, storm and Wolverine.
- Not only this but one of his sons is named after the character of Professor Xavier.
- According to Pew Research, after Elon Musk acquired Twitter, the average number of tweets per user per month declined by 25%.
Leading Billionaires Worldwide By Net Worth
(Reference: statista.com)
As of July 2024, Elon Musk is the world’s leading billionaire, with a net worth of 242.6 billion US dollars. Most billionaires reside in the USA, while some are from other regions of the world, including Europe and Asia.
X Accounts With The Most Followers Worldwide
(Reference: statista.com)
As of August 2023, Elon Musk Statistics show that, on X, @elonmusk was the most followed account with 140.55 million followers. Barack Obama and Justin Bieber followed shortly after, with 132.6 million followers and 112.73 million followers, respectively.
Forbe’s 50 Richest People In The World 2024 By Industry
| Name | Net Worth | Industry |
| Bernard Arnault & Family | $233 billion | Fashion & Retail |
| Elon Musk | $195 billion | Automotive |
| Jeff Bezos | $194 billion | Technology |
| Mark Zuckerberg | $177 billion | Technology |
| Larry Ellison | $141 billion | Technology |
| Warren Buffett | $133 billion | Finance & Investments |
| Bill Gates | $128 billion | Technology |
| Steve Ballmer | $121 billion | Technology |
| Mukesh Ambani | $116 billion | Diversified |
| Larry Page | $114 billion | Technology |
| Sergey Brin | $110 billion | Technology |
| Michael Bloomberg | $106 billion | Finance & Investments |
| Amancio Ortega | $103 billion | Fashion and Retail |
| Francoise Bettencourt Meyers & Family | $99.5 billion | Fashion & Retail |
| Michael Dell | $91 billion | Technology |
| Gautam Adani | $84 billion | Diversified |
| Jim Walton & Family | $78.8 billion | Fashion & Retail |
| Rob Walton & Family | $77.4 billion | Fashion & Retail |
| Jensen Huang | $77 billion | Technology |
| Alice Walton | $72.3 billion | Fashion & Retail |
| David Thomson & Family | $67.8 billion | Media & Entertainment |
| Julia Koch & Family | $64.3 billion | Diversified |
| Zhong Shanshan | $62.3 billion | Food & Beverage |
| Charles Koch & Family | $58.5 billion | Diversified |
| Giovanni Ferrero | $43.8 billion | Food & Beverage |
| Prajogo Pangestu | $43.4 billion | Diversified |
| Zhang Yiming | $43.4 billion | Technology |
| Tadashi Yanai & family | $42.8 billion | Fashion & Retail |
| Phil Knight & family | $40.9 billion | Fashion & Retail |
| Mark Mateschitz | $39.6 billion | Food & Beverage |
| Klaus-Michael Kuehne | $39.2 billion | Logistics |
| Colin Huang | $38.9 billion | Technology |
| Stephen Schwarzman | $38.8 billion | Finance & Investments |
| Jacqueline Mars | $38.5 billion | Food & Beverage |
| John Mars | $38.5 billion | Food & Beverage |
| Dieter Schwarz | $38 billion | Fashion & Retail |
| Li Ka-Shing | $37.2 billion | Diversified |
| Shiv Nadar | $36.9 billion | Diversified |
| Alain Wertheimer | $36.8 billion | Fashion & Retail |
| Gerard Wertheimer | $36.8 billion | Fashion & Retail |
| Ken Griffin | $36.4 billion | Fashion & Retail |
| MacKenzie Scott | $35.6 billion | Technology |
| Thomas Peterffy | $34 billion | Finance & Investments |
| Reinhold Wuerth & family | $33.6 billion | Manufacturing |
| William Ding | $33.5 billion | Technology |
| Savitri Jindal & family | $33.5 billion | Metals & Mining |
| Gianluigi Aponte | $33.1 billion | Logistics |
| Rafaela Aponte- Diamant | $33.1 billion | Logistics |
| Changpeng Zhao | $33 billion | Finance & Investments |
(Source: forbes.com)
Wealthiest Individuals In The Technology Industry By Net Worth
(Reference: statista.com)
Elon Musk Statistics 2024 shows that, in the technology industry, Elon Musk has been reported to be the wealthiest individual with a US$217 billion net worth. He owns X, which was formerly known as Twitter. Jeff Bezos and Bill Gates are ranked second and third in terms of their respective net worths.
Top Space Startups Worldwide By Total Funding
(Reference: statista.com)
Elon Musk’s SpaceX has generated the highest funding, 9.6 billion USD. Other companies that have to go a long way in comparison to SpaceX are Relativity Space, Rocket Lab, and Spire Global.
US Most Well-Known Business People
(Reference: statista.com)
As of Q4 2023, Bill Gates, Elon Musk, and Warren Buffett were the most popular business figures. Bill Gates and Elon Musk are comparatively on the same level in terms of fame; however, popularity-wise, they have recorded 51% and 47% of each among Americans.
Elon Musk And His Companies
Elon Musk is a prominent entrepreneur and business magnate who founded, co-founded, or led several influential companies. He was born on June 28, 1971, in Pretoria, South Africa. Musk is renowned for his work in technology, automotive, space exploration, and renewable energy.
Companies Owned by Elon Musk and Their Functions
#1. Tesla, Inc.
Function: Tesla is an electric vehicle (EV) and clean energy company. It designs, manufactures, and sells electric cars, battery energy storage systems, solar panels, and solar roof tiles.
Financial Performance:
- 2023: Tesla’s revenue for 2023 was approximately 81.5 billion US dollars, a 20% increase from the previous year. The company’s net income was 12.5 billion US dollars.
2024 (Estimated): Tesla is projected to generate around 90 billion US dollars in revenue, reflecting an 11% growth from 2023. The net income is expected to rise to 14 billion US dollars.
Market Share:
- North America: In 2023, Tesla held a 58% market share in the EV segment, which is expected to decrease to 55% in 2024 slightly.
Europe: Tesla’s market share in 2023 was 20%, projected to increase to 22% in 2024.
Asia: Tesla captured 15% of the market in 2023, expected to rise to 17% in 2024.
#2. SpaceX (Space Exploration Technologies Corp.)
- Function: SpaceX is an aerospace and space transportation company that designs, manufactures, and launches advanced rockets and spacecraft.
- Financial Performance:
– 2023: SpaceX’s revenue for 2023 was approximately 6 billion US dollars, driven by commercial satellite launches and government contracts.
– 2024 (Estimated): The company is expected to achieve 7.5 billion US dollars in revenue in 2024, a 25% increase from the previous year. - Market Share:
– Global: SpaceX maintained a 50% market share in the global commercial launch industry in 2023, projected to remain steady at 50% in 2024.
#3. Neuralink Corporation
- Function: Neuralink focuses on developing brain-machine interfaces (BMIs) to enhance human capabilities and treat neurological disorders.
- Financial Performance:
– 2023: Neuralink, still in the development stage, reported a revenue of 50 million US dollars,
primarily from private funding.
– 2024 (Estimated): The company is expected to secure additional funding, increasing its
revenue to 100 million US dollars.
#4. The Boring Company
- Function: The Boring Company aims to reduce traffic congestion by building underground tunnels and hyperloop systems for high-speed transportation.
- Financial Performance:
– 2023: The Boring Company generated around 20 million US dollars in revenue from tunnel construction projects.
– 2024 (Estimated): The revenue is expected to grow to 35 million US dollars due to new projects and increased demand for innovative transportation solutions.
Summary
Elon Musk Statistics show that Elon Musk’s companies are at the forefront of technological innovation, spanning multiple industries such as automotive, space exploration, neural technology, and transportation infrastructure. Tesla remains the largest revenue generator among his ventures, with significant growth expected in 2024. SpaceX continues to dominate the commercial launch market, while Neuralink and The Boring Company are expanding their operations and increasing their financial performance.
Musk’s companies collectively hold substantial market shares in their respective industries, with notable regional variations. Tesla leads the EV market in North America, Europe, and Asia, while SpaceX dominates the global commercial launch sector. The continuous growth and expansion of these companies underscore Musk’s influence and visionary leadership in driving technological advancements and market trends.
Tesla, Inc.
Recent Product Developments and Launches:
- In 2023, Tesla launched the refreshed Model S and Model X, featuring updated interiors and enhanced performance capabilities. The new Plaid versions of these models were particularly noteworthy, with the Model S Plaid achieving a top speed of 200 mph and a 0-60 mph time of under 2 seconds. Tesla also introduced the updated version of the Model 3 with improved battery efficiency, increasing the range by 10%. The company unveiled the Cybertruck, which generated significant interest with over 1 million pre-orders.
Future Product Developments and Launches:
- In 2024, Tesla plans to launch the highly anticipated Roadster, boasting a range of 620 miles and a top speed exceeding 250 mph. Additionally, Tesla is set to release the Semi, an all-electric truck with a range of 500 miles and advanced autonomous driving features. The company is also expected to introduce the new version of the Model Y with enhanced battery technology, potentially increasing the range by 15%.
SpaceX
Recent Product Developments and Launches:
- In 2023, SpaceX successfully launched multiple Starlink missions, expanding its satellite internet constellation to over 4,000 operational satellites. The company also achieved a milestone with the first orbital test flight of the Starship spacecraft, which aims to enable human missions to Mars. Additionally, SpaceX launched the Crew-7 mission, successfully transporting astronauts to the International Space Station (ISS).
Future Product Developments and Launches:
- 2024, SpaceX plans to continue its Starship program with multiple test flights, aiming for the first crewed mission to Mars by 2025. The company is also expected to expand the Starlink constellation to 6,000 satellites by the end of 2024, further improving global internet coverage. SpaceX will also launch several crewed missions to the ISS and begin preparations for lunar missions under NASA’s Artemis program.
Neuralink Corporation
Recent Product Developments and Launches:
- 2023: Neuralink made significant progress in 2023 by successfully implanting its brain-machine interface (BMI) in animal models, demonstrating the device’s potential for restoring vision and mobility. The company also received FDA approval for its first human clinical trials, marking a major milestone in its development process.
Future Product Developments and Launches:
- 2024: Neuralink aims to begin its first human clinical trials in 2024, focusing on patients with severe neurological conditions. The company plans to refine its BMI technology to enhance safety and efficacy, to achieve regulatory approval for widespread clinical use by 2025. Neuralink is also exploring the development of advanced applications for cognitive enhancement and mental health treatments.
The Boring Company
Recent Product Developments and Launches:
- 2023: In 2023, The Boring Company completed the construction of the Las Vegas Convention Center Loop, a 1.7-mile tunnel system designed to transport passengers in Tesla vehicles. The system successfully demonstrated its ability to reduce travel time and alleviate surface traffic congestion.
Future Product Developments and Launches:
- 2024: The Boring Company plans to expand its tunnel network in Las Vegas, adding new routes to connect major hotels and the airport. The company is also pursuing several new projects in cities such as Los Angeles and Austin, aiming to build extensive underground transportation systems. Additionally, The Boring Company is working on the development of a hyperloop system, intending to achieve speeds exceeding 600 mph and revolutionize high-speed travel.
Conclusion
As proven by this Article, Elon Musk-owned companies are continually innovating and pushing the boundaries of technology across multiple industries. Tesla’s recent launches, such as the refreshed Model S and Cybertruck, along with future developments like the Roadster and Semi, demonstrate its commitment to advancing electric vehicle technology. SpaceX’s achievements with Starlink and Starship highlight its leadership in space exploration and satellite internet services. Neuralink’s progress in BMI technology and upcoming human trials show its potential to transform neurological treatments.
The Boring Company’s tunnel projects and hyperloop ambitions underscore its vision for revolutionizing urban transportation. These ongoing and future product developments are set to drive significant growth and market impact for Musk’s enterprises in 2025
Barry Elad is a tech enthusiast passionate about exploring various technology topics. He collects key statistics and facts to make tech easier to understand. Barry focuses on software and its benefits for everyday life. In his free time, he enjoys creating healthy recipes, practicing yoga, meditating, and walking in nature with his child. Barry's mission is to simplify complex tech information for everyone.
