Musk Clarifies Net Worth Breakdown
Recently, Elon Musk responded to reports about his net worth, stating that his wealth is overwhelmingly tied to shares in Tesla and SpaceX. He emphasized that cash makes up less than 0.1% of his total assets, with the vast majority derived from stock holdings.
Sharing Growth with Employees and Investors
Musk also noted that both Tesla and SpaceX offer employees stock or options, ensuring that company growth benefits a broad base of workers. Moreover, more than 80% of Tesla’s shares are held by retail investors and index or pension funds, meaning rising value directly rewards these stakeholders.
- Musk's wealth primarily composed of Tesla and SpaceX shares
- Cash holdings represent less than 0.1%
- Employee stock ownership programs widely implemented
- Growth benefits both retail and institutional investors