#2 Elon Musk
CEO and Chairman, Tesla
REAL TIME NET WORTH
$184.5B
as of 8/11/21
$833 M | 0.45%
Reflects change since 5 PM ET of prior trading day
- Elon Musk is working to revolutionize transportation both on Earth, through electric car maker Tesla -- and in space, via rocket producer SpaceX.
- He owns 21% of Tesla but has pledged more than half his stake as collateral for loans; Forbes has discounted his stake to take the loans into account.
- He stepped down as chairman in 2018, after making alleged "false statements" about a plan to take Tesla private, triggering an SEC probe.
- SpaceX, Musk's rocket company, is now valued at $74 billion after its latest funding round in February 2021.
- He grew up in South Africa, then immigrated to Canada at age 17. He landed in the U.S. as a transfer student to the University of Pennsylvania.
