Elon Musk’s Net Worth Tops $330 Billion

By Douglas A. McIntyre Published Nov 22, 8:25AM EST

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Elon Musk’s Net Worth Tops $330 Billion — © Chesnot / Getty Images

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Elon Musk’s net worth is $330 billion, which means he is a third of the way to becoming the world’s first trillionaire.
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Elon Musk’s net worth is $330 billion, which means he is a third of the way to becoming the world’s first trillionaire. If Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction) becomes the world’s premier self-driving car company, it may hit $1 trillion.

Musk owns about 15% of Tesla’s shares. The company is worth $1.1 trillion, so that means Musk’s piece is half his net worth.

Space rocket and exploration company SpaceX is worth $255 billion based on its last rebound of funding. Musk owns about 50% of SpaceX, and its shareholders structure gives him a 75% controlling interest. Musk’s SpaceX stock is worth over $130 billion.

Musk’s SpaceX and Tesla investments together are worth almost $300 billion.

The last significant portion of Musk’s net worth is artificial intelligence (AI) industry leader xAI, recently valued at $50 billion. He is rumored to own at least a third of the startup.

What drives Musk’s net worth higher? Some investors believe Tesla should be valued as an AI company because it aims to produce the world’s first viable self-driving car. Recently, Nvidia CEO Jensen Huang said Tesla was the industry’s leader in providing self-driving cars that will evolve into those with autonomous driving capacity. He said Tesla was “far ahead” of its rivals. Self-driving cars have the potential for sales in the millions of units each year if they relieve the driver’s need to drive.

SpaceX dominates the rocket and satellite launch business. It may be the only company that can economically transport humans and cargo into space.

Finally, AI companies are among the most difficult privately held tech companies to value. AI is considered the most critical advance in technology in decades. However, the business has become highly competitive, and the market share leaders will end up with nosebleed valuations. It is too early to say whether xAI will be one of these.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.