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Elon Musk is the world’s richest person partly due to his companies’ impressive innovations. But his wealth is also due to government contracts and programs that affected his two main ...
Elon Musk, the richest person on the planet and recently crowned Time Magazine's Person of the Year, says he will pay a lot of taxes this year. See: How Much Is Elon Musk Worth After Being Named...
Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [9] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [4] Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [10] According to ProPublica, Musk paid no federal income taxes in 2018. [11]
Under Biden’s proposal, Musk’s tax bill would have totaled $3 billion for 2018 through 2022 — nearly seven times higher than what he paid. The 25 wealthiest Americans paid $13.6 billion in ...
Elon Musk is the wealthiest person in the world, with an estimated net worth of US$436 billion as of January 22, 2025, according to the Bloomberg Billionaires Index, [387] and $426 billion according to Forbes, [388] primarily from his ownership stakes in Tesla, Inc. and SpaceX.
Most Americans will spend the full year paying Social Security payroll taxes, but for some billionaires, that obligation is met in a matter of seconds. For example, Elon Musk likely met his 2023...
The foundation was initially endowed with $2 million. [8] From 2012 to 2015, it received a further $3 million. In 2016, Elon Musk donated Tesla shares worth $254 million to the foundation, thus avoiding tax payments that would have been due if he had sold the shares. [9]
Tesla CEO Elon Musk says he is paying more than $11 billion in taxes this year. The statement comes after Sen. Elizabeth Warren tweeted that Musk should pay taxes and stop freeloading off everyone ...