What is Elon Musk Net Worth in Naira? You too want to know, right?
Elon Musk is the wealthiest person in the world. As of October 2025, he has an estimated net worth of $470 billion according to Bloomberg, and $500 billion according to Forbes. His wealth mainly comes from his companies: Tesla and SpaceX.
Let’s take a look at Elon Musk’s full financial story, his background, and his net worth in Naira.
Elon Musk Biography – Early Life and Education
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa. His parents are Maye Musk and Errol Musk. He holds South African, Canadian, and American citizenship. Musk attended Waterkloof House Preparatory School and Pretoria Boys High School. He studied at the University of Pretoria before moving to Canada at 17.
He enrolled at Queen’s University, then transferred to the University of Pennsylvania, where he earned degrees in economics and physics. In 1995, Musk moved to California to attend Stanford University, but left after two days to start his own business career.
Career Beginnings
Zip2 Corporation (1995–1999)
Musk co-founded Zip2 with his brother Kimbal. It was sold to Compaq for $307 million in 1999.
X.com and PayPal (1999–2002)
He founded X.com, an online bank, in 1999. It merged with Confinity in 2000 and became what we know today as PayPal. When eBay bought PayPal in October 2002 for $1.5 billion, Musk earned $175.8 million.
Major Companies and Growth
SpaceX (2002–Present)
In 2002, Musk founded SpaceX, an aerospace and space transport company. He is the CEO and Chief Engineer of the company. By November 2024, SpaceX had signed $20 billion in contracts with the U.S. government.
Tesla, Inc. (2004–Present)
Musk joined Tesla Motors in 2004 as an investor and chairman. He became CEO and Product Architect in 2008. He helped make electric vehicles popular and led Tesla’s success.
SolarCity and Tesla Energy (2006–2016)
In 2006, Musk helped start SolarCity. Tesla later acquired it and rebranded it as Tesla Energy.
OpenAI, Neuralink, and The Boring Company
In 2015, Musk co-founded OpenAI. A year later, he launched Neuralink and The Boring Company to work on brain tech and transport tunnels.
Musk’s Wealth and Finances
2012–2019: Early Growth
Musk appeared on the Forbes Billionaires List in 2012 with $2 billion. By 2020, about 75% of his wealth came from Tesla stock.
2020–2021: Explosive Rise
At the start of 2020, Musk was worth $27 billion. By the end of the year, his net worth had increased by $150 billion due to Tesla’s surge. On September 8, 2020, he lost $16.3 billion in a single day — the biggest drop ever recorded by Bloomberg.
That same year, he overtook Mark Zuckerberg and Bill Gates. In January 2021, with $185 billion, he passed Jeff Bezos to become the richest person in the world. By November 2021, he was the first person worth over $300 billion.
2022–2023: Big Loss, Quick Comeback
In December 2022, Tesla stock fell sharply, and Musk lost $200 billion, a world record confirmed by Guinness World Records in January 2023. That same month, Bernard Arnault surpassed him as the richest person. By June 2023, Musk took back the top spot.
2024–2025: Politics and Record Highs
In January 2024, a Delaware judge ruled that Musk’s $55 billion Tesla pay package be canceled. In June 2024, Tesla shareholders re-approved it, though lawsuits continued.
After the 2024 U.S. election, Musk’s net worth hit $400 billion in December. He later lost $126 billion after backlash for his ties with Trump’s second-term ambition.
On September 10, 2025, Larry Ellison briefly passed Musk in wealth. By October 2025, Musk’s net worth stood at $500 billion, according to Forbes, and $470 billion according to Bloomberg.
Sources of Wealth
Musk’s wealth mainly comes from Tesla and SpaceX. He doesn’t take a salary from Tesla. Instead, his earnings depend on company growth and stock performance.
His 2018 compensation plan was the largest ever made between a CEO and a company board. By 2022, Tesla stock made up 37% of his net worth after he sold $40 billion in shares.
His fortune is managed by Excession LLC, formed in 2016 and led by Jared Birchall. Musk often says he is “cash poor” and pledged in 2020 to sell most of his possessions.
Taxes
Between 2014 and 2018, Musk paid $455 million in taxes on $1.52 billion income. He paid no federal income tax in 2018. His 2021 tax bill reached $12 billion after selling Tesla stock.
Philanthropy: The Musk Foundation
Musk funds and directs the Musk Foundation. It supports renewable energy, space exploration, STEM education, pediatric health, and AI safety.
By the end of 2022, the foundation held $5 billion, mostly in Tesla shares. It has faced criticism for donating less than 5% of its assets, below the legal minimum. Many grants reportedly went to projects linked to Musk and his companies.
In 2021, Musk challenged the World Food Programme to show a plan to end world hunger. He later donated $6 billion to his foundation instead of the WFP.
Other Donations and Projects
- 2015: Donated $10 million to the Future of Life Institute for AI safety.
- 2021: Donated $10 million to the University of Texas at Austin to study birth rate decline.
- 2023: Donated $100 million to start “The Foundation,” a STEM-focused school system.
- 2022: Gave $2.2 billion in Tesla stock to support this project.
Political Activities
In 2022, Musk gave $50 million to Citizens for Sanity, a PAC aligned with Donald Trump’s policies. He donated $10 million to Ron DeSantis’ 2024 campaign. In 2024, Musk launched America PAC and donated $270 million to it. He also gave $20.5 million to RBG PAC. Altogether, he spent $291 million on political donations, the highest of any donor that year.
Elon Musk Net Worth in Naira (2025)
As of October 27, 2025, Elon Musk’s net worth is:
- $267.3 billion USD (alternate valuation)
- ₦110,983,500,000,000 (Naira)
This makes him the richest person alive and the wealthiest in Nigerian currency. In Indian value, that’s around ₹20 lakh crore.
Elon Musk Income in Naira
Elon Musk earns an estimated ₦214,481,746,175,387.00 per year, or:
- ₦17,873,478,847,948.92 monthly
- ₦4,124,648,964,911.29 weekly
- ₦824,929,792,982.26 daily
From the time you started reading this, Elon Musk has earned several million Naira more.
Wife, Children & Family
Musk is married and has eight children, one of whom is deceased. He is known for his simple lifestyle and focus on innovation.
His titles include:
- Founder, CEO, and Chief Engineer of SpaceX
- CEO and Product Architect of Tesla
- Founder of The Boring Company
- Co-founder of Neuralink, OpenAI, and Zip2
- President of the Musk Foundation
Elon Musk Net Worth by Year
| Year | Net Worth (USD) | Key Event |
|---|---|---|
| 2012 | $2 billion | First Forbes listing |
| 2020 | $27 billion → $177 billion | Tesla stock surge |
| 2021 | $185 billion | Becomes richest person |
| 2022 | $251 billion | Record losses |
| 2023 | $251 billion | Reclaims top spot |
| 2024 | $400 billion | Post-election surge |
| 2025 | $500 billion | Forbes valuation peak |
FAQ – Elon Musk Net Worth in Naira (2025)
1. What is Elon Musk Net Worth in Naira as of 2025?
As of October 2025, Elon Musk’s net worth is about ₦110,983,500,000,000, equal to $267.3 billion USD.
2. How did Elon Musk build his wealth?
Most of Musk’s wealth comes from Tesla Inc. and SpaceX, along with ventures like Neuralink, The Boring Company, and OpenAI.
3. Is Elon Musk the richest person in the world?
Yes. In 2025, Elon Musk is the wealthiest person, with an estimated worth of $500 billion USD, according to Forbes.
4. What percentage of Elon Musk’s wealth comes from Tesla?
About 75% of his wealth in 2020 came from Tesla stock, though that share dropped to roughly 37% by 2022 after he sold part of his holdings.
5. Does Elon Musk receive a salary from Tesla?
No. Musk does not take a salary. His 2018 compensation plan ties his earnings to Tesla’s market value and performance milestones.
6. How much does Elon Musk earn in Naira per year?
Elon Musk’s estimated yearly income equals ₦214 trillion, based on the rise in his net worth during 2025.
7. What is the Musk Foundation?
The Musk Foundation funds renewable energy, AI safety, education, and space research. It holds about $5 billion USD in assets, mostly Tesla stock.
8. Has Elon Musk donated to politics?
Yes. Between 2022 and 2024, Musk donated over $291 million USD to several U.S. political action committees supporting conservative candidates.
9. What does Elon Musk believe about his wealth?
Musk says he is “cash poor” and views his wealth as a resource to help humanity expand into space.
10. How old is Elon Musk in 2025?
Born June 28, 1971, Elon Musk is 54 years old in 2025.
Article updated 4 days ago ago. Content is written and modified by multiple authors.
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