How did Elon Musk make his money?
July News: War in Iran, the world’s first trillionaire, SMS surprise Oxfam oxfamamerica.org From: action@oxfamamerica.org To: m.mk@... Mon, Jul 20 2026 at 8:03 AM Donate now How did Elon Musk make his money? Elon's world and fortune: Decoding the world's first trillionaire. Photos: Sipa via AP Images; iStock/danielvfung; iStock/bymuratdeniz; iStock/Erik Gonzalez Garcia; iStock/Walter Cichetti; iStock/Stefan Sutka; iStock/Brandon Moser; iStock/Mylo Kaye After SpaceX launched its initial public offering (IPO) in June, the net worth of the world’s richest man finally crossed a previously unthinkable threshold: Elon Musk became the world’s first trillionaire. But how exactly did he make his money? Musk’s fortune is not simply the result of one man’s entrepreneurship and hard work. The reality is much more complex: Musk has avoided taxation of his wealth. Musk benefited from massive public resources to fund his most successful ventures—but the rewards go to the few at the expen...
