Elon Musk replies to trillionaire post, says have little cash, it is all … |
Tesla CEO Elon Musk has finally addressed the speculation about his growing fortune. Musk noted that his $849.3 billion net worth is overwhelmingly tied to his ownership stakes in Tesla and SpaceX. Responding to a post on X about wealth creation, Musk said he has already created wealth “thousands of times over.” He added: “My ‘net worth’ is almost entirely due to my ownership stakes in Tesla and SpaceX. I have <0.1% that is cash.”
Elon Musk addressed speculation about his growing fortune
A post shared by Kalshi (web-based prediction market platform) shared a post on X (formerly known as Twitter) in which it claimed that there are 75% chances of Elon Musk becoming a trillionaire this year. Responding to the post, Musk wrote “Already have thousands of times over. My “net worth” is almost entirely due to my ownership stakes in Tesla and SpaceX. I have <0.1% that is cash. Tesla and SpaceX employees all receive stock/options and Tesla is >80% owned by retail investors and index/pension funds, so value increases apply >80% to them.” Musk emphasised that employees at both Tesla and SpaceX receive stock and options, while Tesla itself is “>80% owned by retail investors and index/pension funds.” His comments highlight how his fortune is largely paper wealth, dependent on the valuation of his companies rather than liquid assets.Speculation about Musk becoming the world’s first trillionaire has intensified. Prediction market Kalshi shows a 78% probability of Musk reaching a $1 trillion net worth before 2027. The odds rose after SpaceX merged with xAI, valuing the combined entity at about $1.25 trillion. Musk’s estimated 43% stake in the new company is worth more than $530 billion.
Tesla still a major contributor to Elon Musk’s wealth
Elon Musk owns around 12% stake in Tesla, valued at $178 billion along with stock options worth another $124 billion. These figures exclude the record-breaking pay package approved by Tesla shareholders in November, which could grant Musk up to $1 trillion in additional stock if Tesla manages to hit the ambitious ‘Mars shot’ milestones including an eightfold increase in market cap over the next decade.
