[Latest] Elon Musk Net Worth 2023: Salary, Net Worth in Rupees (INR), Income

Updated Elon Musk Net Worth: Billionaire Elon Musk is the founder and CEO of Tesla and SpaceX. With an estimated net worth of $242 billion, Elon Musk is the richest person in the world.

Nov 28, 2023, 12:11 IST
 Find here latest Elon Musk Net Worth with all details
Find here latest Elon Musk Net Worth with all details

Who is Elon Musk?

Elon Musk is a South African-born American business magnate, investor, engineer, and inventor. Musk is the CEO and co-founder of SpaceX, CEO and product architect of Tesla, Inc., and chairman of Neuralink. He is also a co-founder and former chairman of SolarCity, co-founder of Zip2, and founder of The Boring Company. 

Elon Musk’s net worth is over $242 billion, according to the Forbes real-time billionaires index,  making him one of the wealthiest people and the second-richest in the world. Elon Musk’s net worth in rupees is Rs. 2,10,000 Crores (approx. conversion).

Currently, the billionaire is in the news for all the wrong reasons. Ahead of the launch of his biography book, many details about him have spilt. Reportedly, Musk caused significant damage to the offensive front of Ukraine, in the ongoing Russo-Ukranian war. As Ukrainian troops, who were largely dependent on Musk's Starlink satellite communication, were on the approach of attacking Russian naval warships, Musk abruptly cut the submarines' satellite link, throwing off the entire operation.

This is not the only reason why Musk is in the news. The eccentric billionaire is also involved in a custody fight with his ex-wife, Grimes. Apparently, Musk and Grimes have three, not two children together. Now, Musk has three children named X Æ A-12, Exa Dark Sideræl Musk, and Techno Mechanicus. This detail about his private life was revealed by the author of his biography book, Walter Isaacson. Isaacson has also written the biography of Apple founder, Steve Jobs. 

For more information, read Elon Musk’s Biography

Elon Musk

Net Worth: 

$242 Billion 


$2400 Million (Approx.)

Monthly Income:

$200 Million (Approx.)

Date of Birth:

June 28, 1971


52 Yrs


1.80 M (5' 11”)


American, Canadian and South African

Elon Musk's Early Career

Musk's career began in 1995 when he and his brother, Kimbal, founded Zip2, a company that provided online content publishing software for news organizations. In 1999, the company was acquired by Compaq for nearly $300 million. After the sale of Zip2, Musk co-founded X.com, an online payment company, which later became PayPal, and was bought by eBay for $1.5 billion in 2002.

Musk's foray into the automotive industry began in 2004 when he became a majority shareholder in Tesla Motors, a company that designs and manufactures electric vehicles, energy storage systems, and solar panel manufacturing. Under Musk's leadership, Tesla has become a leader in the electric vehicle market and has released several successful models, including the Tesla Roadster, Model S, Model X, and Model 3.

In 2006, Musk co-founded SolarCity, a company that provides solar panel installation and energy management services. In 2016, SolarCity was acquired by Tesla, Inc. for $2.6 billion.

Musk is also the CEO and co-founder of SpaceX, a company that designs and manufactures advanced rockets and spacecraft. SpaceX has made headlines for its successful launches, including the first privately funded liquid-fueled rocket to reach the International Space Station, and for its plans to colonize Mars. In addition to his work in the automotive and aerospace industries, Musk is also the chairman of Neuralink, a company that develops implantable brain–machine interfaces. 

Elon Musk Net Worth 2023

Musk's net worth has grown significantly over the years due to the success of his companies and his ownership stakes in them. As of 2023, Elon Musk's net worth today is estimated to be over Rs. 2 lakh crores INR. 

In other words, Elon Musk’s net worth in billion is around $242 billion. 

Elon Musk's Salary and Earning Assets

Musk is one of the prominent shareholders of PayPal. A sizeable portion of Elon Musk’s net worth comes from the 13.4% of Tesla shares that he owns. In 2002 he launched SpaceX, of which between stock and options, he owns around 25%. Additionally, he owns the micro-blogging platform Twitter. Musk holds an estimated 73% of the company, in his passive portfolio. 

Elon Musk’s net worth today has made him the richest person in the world. The second-richest person in the world is Bernard Arnault, the chairman and CEO of LVMH. 

Elon Musk Net Worth Current Updates 

  • Musk's net worth peaked in November 2021 at $340 billion. 
  • Elon Musk's net worth today is estimated to be $173 billion, a staggering loss of over $200 billion. 
  • According to Bloomberg, Musk is the first billionaire to ever lose $200 billion in worth. 
  • Musk's biggest source of income is Tesla (TSLA), whose shares fell 65% in 2022. Tesla's stock price and Musk's personal riches haven't benefited from his $44 billion acquisition of Twitter. 
  • Since his interest in Twitter was made public in April, Musk, Tesla's largest shareholder, has sold shares worth $23 billion.
  • Musk was once the richest person in the world with a staggering net worth, almost untouchable. However, at the end of 2022, his title as the "Richest Man on the Planet" was taken over by Bernard Arnault, the Chairman and CEO of LVMH. Since then Musk has remained at the second position on the richest billionaires list.
  • Recently, the eccentric billionaire's automobile company, Tesla's stock price increased by 4.6% to $235 on 8th June, marking its 10th consecutive day of gains, as reported by Forbes. 
  • This gain helped Elon Musk regain his position as the richest person in the world. According to Forbes, Musk's net worth is now $220.2 billion, which is $4.2 billion more than Bernard Arnault's.
  • However, after the market close, Arnault came out at the top, pushing Musk to the second spot, again.
  • On 20 July, Musk's wealth declined by $20.3 billion, as Tesla's shares hit a slump.

Elon Musk Houses and Real Estate Properties

The eccentric billionaire publicly pledged to "possess no house" and currently resides in a modest property worth $50,000 in Boca Chica, Texas, despite having unlimited access to some of the nicest villas and mansions in the world.

What Cars Does Elon Musk Own?

Billionaire Elon Musk owns many luxury and vintage cars. Below is the list of all the cars he possesses. 

Elon Musk Car Collection


1978 BMW 320i


1967 Jaguar E-Type


1997 McLaren F1


2006 Hamann BMW M5


2008 Tesla Roadster


2010 Audi Q7


1976 Lotus Esprit “Wet Nellie”


2012 Porsche 911 Turbo


1920 Ford Model T


Tesla Model X


Tesla Model 3 Performance


2019 Tesla Model S Performance


Tesla Cybertruck


Does Elon Musk have any or do charities?

Elon Musk presides over The Musk Foundation, whose stated goals are to promote research, development, and lobbying, as well as to aid in scientific and engineering education initiatives. Nearly half of the foundation's $25 million in direct donations to nonprofits from 2002 to 2018 went to Musk's OpenAI, which was a non-profit at the time. The foundation has donated more than 350 times since 2002. 

In 2021, the billionaire gave $55 million to the St Jude Children's Research Hospital in Memphis at that time, and then $54 million to the X Award Foundation. 

Some Interesting Facts and Quotes of Elon Musk

Interesting facts:

  • At the age of 12, Elon Musk made and sold a video game to a magazine. PC and Office Technology magazine purchased the space combat game "Blastar" for $500. 
  • Musk also had a job with the video game start-up Rocket Science
  • Elon Musk owns Wet Nellie, a James Bond custom automobile. The Wet Nellie, seen in the film The Spy Who Loved Me, is a specially constructed Lotus Espirit submersible automobile.
  • The billionaire has been featured in the animated sitcom “The Simpsons” in the episode  "The Musk Who Fell to Earth."


  • "If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it's not."
  • "There have to be reasons that you get up in the morning and you want to live. Why do you want to live? What's the point? What inspires you? What do you love about the future? If the future does not include being out there among the stars and being a multi-planet species, I find that incredibly depressing."
  • "Persistence is very important. You should not give up unless you are forced to give up."
  • "The first step is to establish that something is possible; then probability will occur."
  • “I think it is possible for ordinary people to choose to be extraordinary.”

Musk has faced controversy and criticism over the years, including for his management style, public statements, and his involvement in various lawsuits. However, his innovative ideas and ambitious plans for the future have made him a controversial yet influential figure, not only in the tech industry but in the world.

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  • How many cars and houses Elon Musk owned?
    Elon Musk lives in a small house worth $50,000. He sold his seven luxurious villas after deciding to sell all of his physical assets. Musk has a collection of premium luxury and vintage cars.
  • What is Elon Musk's annual Salary?
    Elon Musk's annual salary is estimated to be $2400 million. In 2021, Musk was the highest-paid CEO in the world.
  • What is the position of Elon Musk in the World's Forbes Richest List?
    Elon Musk ranks 2nd on the World's Forbes Richest List. At the top of the list is Bernard Arnault & Family, the CEO of LVMH.
  • What is the net worth of Elon Musk in Indian Rupees?
    Elon Musk's net worth exceeds 14,010 crores USD, making him one of the world's wealthiest people. Elon Musk’s net worth in Indian rupees is Rs. 182.10 lakh crore INR.
  • How much is Elon Musk Net Worth 2023?
    The founder and CEO of Tesla and SpaceX is the second-richest person in the world after Bernard Arnault & family. Elon Musk's net worth today is evaluated at $140 billion.


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