What does Elon Musk do with all his cash?

Tesla proprietor Elon Musk has been one of many richest individuals on this planet for a few years, and his wealth just lately elevated vastly when he turned the primary half-trillionaire.

Despite this, Musk has insisted that he lives a largely non-glamorous life-style. He mentioned in 2021 that he lived in a home in Texas value $50,000 (£38,000).

His former companion Grimes, with whom he has two kids, advised Vanity Fair in 2022 Many imagine that he doesn’t reside an extravagant life of utmost luxurious.

“The brothers don't live like billionaires. The brothers sometimes live below the poverty line,” he advised the journal. Once, she mentioned, she refused to purchase a brand new mattress although there was a gap within the aspect of it.

Although his on a regular basis residing house will not be as lavish as one may anticipate, he has a passion for distinctive vehicles, together with one that may take the type of a submarine. He additionally has a non-public jet assortment, value a number of million {dollars}.

And then that little extravagance occurred in 2022, after they purchased twitter For a contingent $44 billion.

Musk as soon as owned a powerful real-estate portfolio. wall road journal In 2019 it was reported that he spent $100 million on seven houses in roughly seven years – most of them inside strolling distance of one another within the prestigious neighborhood of Bel-Air, California.

Collectively, the properties included swimming swimming pools, a tennis court docket, wine cellars, personal libraries, and a ballroom. One of those was a ranch home as soon as owned by well-known Willy Wonka actor Gene Wilder.

But in 2020, Musk had a change of coronary heart – Tweeted that he can be “will sell almost all material possessions” and “will keep no house”.

He wrote, “No need for cash. Devoting myself to Mars and Earth. Possession just bores you.”

There was one situation – that Gene Wilder's home, “may not be torn down nor lost.” [of] Its soul”.

He actually sold the three-bedroom estate to Wilder's nephew, Jordan Walker-Pearlman, loaning him several million dollars to purchase it. But in June 2025, Musk regained ownership after Mr Walker-Perlman reportedly fell behind on repayments.

In 2021, Musk tweeted that his “major house” was a modest prefab house that cost him about $50,000 on the southern tip of Texas, where his aerospace company SpaceX operates – an area that has officially become a town called Starbase.

“It's superior,” Musk said of the simple habitat.

The following year, Musk said he did not own a home at all, using it as an example of how low his consumption was despite his enormous wealth.

“I'm actually staying at buddies' locations,” he told Chris Anderson, head of media organization TED. “If I journey to the Bay Area, the place a lot of the Tesla engineering work takes place, I principally hand around in buddies' spare bedrooms.”

This is nothing new – in 2015, then-Google CEO Larry Page told author Ashley Vance that Musk was “sort of homeless.”

“He'll e-mail and say, 'I don't know the place to remain tonight. Can I come?'”

There has been much speculation over the past few years that Musk has been purchasing property across the US, although the home in Texas appears to be the only official home he personally owns.

While Musk doesn't spend big on property, cars are a different matter.

As a Tesla owner, it is not surprising that he has a large collection of unusual and in some cases extraordinary vehicles.

These include the Ford Model T, a 20th-century car that is credited with being the first affordable vehicle that revolutionized the motor industry.

The other was a 1967 Jaguar E-Type Roadster, which Musk is said to have loved since childhood; the 1997 McLaren F1, which crashed and cost a lot of money to repair before being sold; and a Tesla Roadster, which was the first Tesla model to go on sale Famously launched into space by Musk In 2018.

Most unusual, however, is the 1976 Lotus Esprit driven by James Bond in the 1977 film The Spy Who Loved Me.

In the film, the car, named Wet Nellie, could transform into a submarine. Musk purchased the car at an auction in 2013 for approximately $1 million with the aim of making its submarine transformation capabilities a reality once again.

Musk has acknowledged that the airplane is another thing he is happy to spend money on, but insists it is related to his dedication to his work.

“If I didn't use planes, I’d have fewer hours to work,” he said in a 2022 TED interview.

Among the private jets in his collection are several Gulfstream models, each worth millions of dollars.

He uses them to travel between SpaceX and Tesla sites in the US, as well as for international travel.

Musk has Donated billions of dollars in shares to charityAccording to US regulatory documents, and have pledged many millions to various causes. But his philanthropy has been criticized.

new York Times Last 12 months it was described as “disorganized and largely self-serving – entitling him to large tax breaks and serving to his companies”.

His charitable organization, the Musk Foundation, states on its website that it is “devoted to advancing humanity's progress by means of groundbreaking scientific analysis, technological innovation, and impressive endeavors that push the boundaries of the doable”.

But the New York Times reported that the Foundation fell short of the amount required to pay For three consecutive years. The paper, which looked at the foundation's tax filings, also found that many of its donations went to organizations linked to Musk.

Elon Musk and the Musk Foundation have been contacted for comment.

When Musk was asked about philanthropy and charitable work in the past, he seemed skeptical of traditional charitable gifts.

He told Chris Anderson in 2022, “I believe philanthropy is extraordinarily troublesome for those who care in regards to the actuality of goodness relatively than the notion of it.”

For Musk, the very existence of his business ventures is altruistic: “If you say philanthropy is the love of humanity, then they’re philanthropy,” he insisted.

Tesla is “accelerating sustainable vitality”, he said, while SpaceX is “making an attempt to make sure the long-term survival of humanity” and Neuralink is “making an attempt to assist resolve mind accidents and existential danger with AI”.