Elon Musk is the wealthiest person in the world, with an estimated net worth of US$343 billion as of February 25, 2025, according to the Bloomberg Billionaires Index,[422] and $353 billion according to Forbes,[423] primarily from his ownership stakes in Tesla, Inc., and SpaceX.[424]
Having been first listed on the Forbes Billionaires List in 2012,[425] around 75% of Musk's wealth was derived from Tesla stock in November 2020.[426] Describing himself as "cash poor",[427][428] a year later, he became the first person in the world to have a net worth above $300 billion. By December 2024, he became the first person to reach a net worth of $400 billion.[429]
Musk Foundation
Main article: Musk Foundation
Musk is president of the Musk Foundation he founded in 2001,[430][431] whose stated purpose is to provide solar-power energy systems in disaster areas, with an interest in human space exploration, pediatrics, renewable energy, and "safe artificial intelligence".[432] From 2002 to 2018, the foundation donated nearly half of its $25 million directly to Musk's OpenAI.[433][434] The foundation's assets reached $9.4 billion by the end of 2021, but it only dispensed $160 million to charities that year.[435]