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Elon Musk’s net worth exceeds $ 160 billion, making Tesla CEO the second richest person on the planet, behind Amazon founder Jeff Bezos.
At a Bitcoin-focused conference on Wednesday, Musk revealed the five biggest investments fueling his vast fortune.
Unsurprisingly, his fortune, like most billionaires, is largely concentrated in a handful of names, and Musk only invests in one state-owned company.
The top five investments that have boosted Elon Musk’s net worth to over $ 160 billion are:
1. Tesla
Musk’s stake in the company is 22.4% as of December 31. And the billionaire can still add billions more by acquiring additional Tesla shares on the basis of his own accord.
The stake is currently valued at $ 141 billion, based on Tesla’s market valuation of $ 631 billion as of July 21.
2. SpaceX
His stake in the private space company is estimated at 48%, but it could be less if Musk’s stake is diluted in the final round.
The stake is worth $ 35 billion, based on SpaceX’s latest valuation of $ 74 billion.
3. Bitcoin
Musk’s possession of the most famous cryptocurrency is unknown, as he has yet to reveal it.
“The value of my bitcoins is far greater than the value of my Ethereum or Dodge Coin holdings,” Musk said at a conference Wednesday.
Musk added that SpaceX and Tesla both own bitcoin, and that he’s open to Tesla accepting bitcoin as a form of payment again, once its mining becomes more dependent on clean energy.
4. Ethereum
Its possession of the second largest cryptocurrency by market cap is also unknown to this day.
5. Queen of Dodging
Musk has not disclosed the value of his Dogecoin, which he strongly supports.
Musk is a long-time supporter of Dodge Coin, often tweeting about cryptocurrency based on a joke. In May, the price of Dogecoin peaked at around $ 0.75 in anticipation of Musk hosting Saturday Night Live. Since that peak, the cryptocurrency has fallen by more than 70%.
In addition to the aforementioned investments, Musk revealed that he owns a stake in two of his private start-up companies, Neuralink and The Boring Company, but these investments are of little value in terms of value compared to what has been mentioned.
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