How Elon Musk makes and spends his billions

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Elon Musk has amassed a fortune. His net worth hovers around $200 billion. But because the majority of his wealth is tied to Tesla shares and stock options, it dips and rises every day. See how he became one of the world's richest people — and where he spends his money.

Elon Musk says he was offered shares in OpenAI but didn't accept them because it 'seemed unethical'

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Elon Musk Feb 2024 Los Angeles
Elon Musk was a cofounder of OpenAI.

Lisa O'Connor/AFP/Getty Images

Netflix cofounder Reed Hastings just gave stock worth $1.1 billion to a Silicon Valley charity

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Netflix CEO Reed Hastings speaks during an interview on day two of the Netflix
Reed Hastings cofounded Netflix.

Ore Huiying / Getty

Hedge funds have lost $43 billion trying to short the market as the S&P 500 eyes its best month in over a year

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 5, 2016. REUTERS/Brendan McDermid
Traders work on the floor of the NYSE

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JPMorgan CEO Jamie Dimon will trim his stake in the lender for the first time

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A man is seen in a government building beside his reflection.
Jamie Dimon, CEO of JPMorgan Chase, in Washington D.C. in 2022.

Tom Williams/CQ-Roll Call, Inc via Getty Images

The world's most valuable oil company may launch the biggest stock offering in history

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saudi aramco

REUTERS/Ahmed Jadallah

Colin Huang, the founder of the company that owns Chinese shopping app Temu, got $4.3 billion richer after earnings smashed analysts' expectations

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Colin Huang Pinduoduo
Founded by Colin Huang (center, in black), Temu-owner PDD was went public on the Nasdaq in 2018.

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Shares of Better — whose CEO fired 900 workers on a Zoom call — slumped 93% on their first day of trade

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Better CEO Vishal Garg is smiling in a white collared shirt and a blue suit jacket in front of a blurred purple background.
Shares of Better.com slumped as much as 95% on their first day of trade.

Better

The world's richest person just got even richer - Elon Musk is quarter-way to becoming a trillionaire, once more

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Elon Musk laughing
Elon Musk.

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The CEO of the world's biggest record company just got a new contract with stock options worth as much as $100 million

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Justin Bieber (L) and Sir Lucian Grainge pose at an event honoring Sir Lucian Grainge with a star on the Hollywood Walk of Fame on January 23, 2020 in Hollywood, California.
Lucian Grainge, CEO of Universal Music Group, with Justin Bieber.

David Livingston/Getty Images

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