X.com developed and operated a financial services website with banking services provided by First Western National Bank, an FDIC-insured bank in La Jara, Colorado. The company was initially funded by Elon Musk and Greg Kouri, who went on to fund Musk's later ventures: Tesla and SpaceX.
Jared John Birchall (born 1974) is an American business executive and a former banker. He is the chief executive officer of neurotechnology company Neuralink and the wealth manager of billionaire entrepreneur Elon Musk since 2016.
Elon Musk is the wealthiest person in the world, with an estimated net worth of US$426 billion as of January 2025, according to the Bloomberg Billionaires Index, and $416 billion according to Forbes, primarily from his ownership stakes in Tesla, Inc. and SpaceX.
Ives said while SpaceX has not disclosed Musk's holdings, his estimate is close to 50%. Taxpayer support for SpaceX comes from direct government contracts that are worth billions. According to USASpending.gov, the government database that tracks federal spending, SpaceX has signed contracts worth nearly $20 billion.
As a private citizen
In 2014, Musk described himself politically as "half Democrat, half Republican" and "somewhere in the middle, socially liberal and fiscally conservative." In 2018, he stated that he was "not a conservative. I'm registered independent [and] politically moderate."
Elon Musk to pay record-breaking $12 billion tax bill. CNBC's Robert Frank reports on Elon Musk's tax bill which is the largest in history. Musk will pay a total of $12 billion for 2021.
Elon Musk's Cognitive Abilities
Musk's estimated IQ of 155-160 places him in the "Highly Gifted" category. This score reflects his exceptional problem-solving skills and cognitive abilities. His capacity for complex engineering and forward-thinking strategies is evident in ventures like Tesla, SpaceX, and Neuralink.
J.P. Morgan Private Bank, Citi Private Bank, and Bank of America Private Bank are among some of the most popular banks for millionaires. Read more: What is private banking, and how does it work?
To handle that, he has credit cards and debit cards on bank accounts. He can also write checks against his bank accounts. He does not use such cards or checks to buy things like Twitter; big purchases are done with bank loans, more like mortgages for a house.
In a 2022 tweet, Elon Musk responded to speculation about his family's wealth and his upbringing. He acknowledged that while his father had a successful electrical and mechanical engineering business for several decades, he never inherited any wealth or received significant financial gifts.
Bezos also reportedly owns property in New York City and Miami as well as in Hawaii and a large parcel of land in Texas. Jeff Bezos spends some of his wealth on philanthropic ventures, including addressing climate change.
Elon Musk's Brownsville, TX, rental. As Realtor.com® previously reported, the only property Musk is confirmed to have owned and lived recently is a three-bedroom, ranch-style house that sits just a block from his SpaceX Starbase facility in the Brownsville, TX, neighborhood of Boca Chica.
Tesla partners with big banks like Wells Fargo and US Bank for financing. A good credit score (720 or higher) or a large down payment (typically 20%) make it more likely that you'll get approved for a lower rate. US Bank's lowest auto loan rate as of February 2023 is 6.86%. Loan terms are typically 36-72 months.
The $250,000 limit applies per depositor, per FDIC-insured bank and per ownership category. This means that by opening different accounts, you can end up with much more than just $250,000 in insured funds. Insurance limits apply to the entire depository institution – not individual branches.
2 The majority of his financial assets are held by Cascade Investment LLC, an entity controlled by Gates to manage his investments. Cascade isn't a public company but some of its investment activity must nonetheless be disclosed to the Securities and Exchange Commission (SEC).
Bank of America stands out in Buffett's portfolio. It's one of the few banks he continues to trust. His investment in BOFA began in 2011 with a favorable deal, and he values the leadership of CEO Brian Moynihan.
Einstein IQ: 160+, Bill Gates IQ: 150+, Elon Musk IQ: 155, Zuckerberg IQ: 152, Sunny Doel's IQ: over 160.
Joe Rogan IQ: How Intelligent Is the Popular UFC Commentator Really? Joe Rogan—a name synonymous with deep dives into complex topics on his hit podcast. But just how sharp is he? With an IQ of 127, Rogan stands well above the average American score of 98.
Recognized as the West Coast icon, Snoop took to his Instagram to reveal his Intelligence Quotient (IQ). He shared a photo by RAPTVZONE in 2020 that said, "Snoop Dogg has an IQ level of 147 that is thought to be extremely high and that of a gifted genius."
Others will object to taxing the wealthy unless they actually use their gains, but many of the wealthiest actually do use their gains through the borrowing loophole: They get rich, borrow against those gains, consume the borrowing, and do not pay any tax.