Elon Musk Is Worth About $23 Billion and Has Never Taken a Paycheck From Tesla — Here's How the Notorious Workaholic and Father of 5 Makes and Spends His Fortune
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Business Insider
Business Insider
Elon Musk Is Worth About $23 Billion and Has Never Taken a Paycheck From Tesla — Here’s How the Notorious Workaholic and Father of 5 Makes and Spends His Fortune
Elon Musk may be the world’s richest rocket scientist.
The 47-year-old CEO of Tesla and SpaceX and cofounder of OpenAI has said he won’t be happy until we’ve escaped Earth and colonized Mars. Luckily, he has the mind and the money to make it happen.
Despite a massive net worth hovering around $23.6 billion, Musk has never taken a paycheck from Tesla, refusing his $56,000 minimum salary every year.
Back in March, Tesla shareholders approved a plan awarding Musk $2.6 billion in stock options, reports CNBC, which will vest in 12 tranches, or portions, as the company hits key milestones over the next decade. The $2.6 billion amount was March 21 current stock value. U.S. News notes that if Musk meets the goals and the stock value rises during that time period, it “could net him more than $50 billion.”
The 47-year-old CEO of Tesla and SpaceX and cofounder of OpenAI has said he won’t be happy until we’ve escaped Earth and colonized Mars. Luckily, he has the mind and the money to make it happen.
Despite a massive net worth hovering around $23.6 billion, Musk has never taken a paycheck from Tesla, refusing his $56,000 minimum salary every year.
Back in March, Tesla shareholders approved a plan awarding Musk $2.6 billion in stock options, reports CNBC, which will vest in 12 tranches, or portions, as the company hits key milestones over the next decade. The $2.6 billion amount was March 21 current stock value. U.S. News notes that if Musk meets the goals and the stock value rises during that time period, it “could net him more than $50 billion.”
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