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How Billionaire Elon Musk Spends His Money

Ever wondered how billionaire tech giant, Elon Must spend his money? If yes, your guess is over. 

How Billionaire Elon Musk Spends His Money

Musk is known to spend his billions on cars, real estate and more. Currently, he owns a $70 million real-estate portfolio. His properties include several Bel Air estates. His first mansion was purchased at $17 million; it includes a two-story library, a home theater, a gym, and a thousand-bottle wine cellar.

Also, the Tesla cofounder likes cars. His car collection includes a $920,000 Lotus Esprit submarine car used in a “James Bond” movie, a Ford Model T, and a Jaguar E-Type Series 1 Roadster. 

rare 1967 Jaguar E-Type Series 1 Roadster
A rare 1967 Jaguar E-Type Series 1 Roadster

A workaholic, he is not the type who spends money on exotic vacation destinations. Once in an interview in 2015, Musk said he has taken off two separate weeks since founding SpaceX in 2002. Instead, a lot of Musk’s money goes right back into his companies.

In a report by The New York Times 90% of the $112 million that The Boring Company raised came from Elon Musk. And in 2018, Musk bought more than $35 million worth of shares in Tesla.

Elon Musk Belair mansion
Elon Musk’s Belair mansion

Finally, Musk loves to give his wealth to charity. He has signed the Giving Pledge, started by Warren Buffett and Bill and Melinda Gates, vowing to donate the majority of his wealth during his lifetime. Musk has made a number of donations to important causes he cares about, including $10 million to the Future of Life Institute for regulating artificial intelligence.