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Elon Musk Added $121 Billion In Wealth In 2021

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Elon Musk Added $121 Billion In Wealth In 2021

Elon Musk is pretty rich, isn't he? We're all aware of that. But while many of us were just about keeping our heads above Covid contaminated water, the SpaceX boss was busy making a cool $121 billion (£89bn).

In just one year.

That's just over $10bn (£7.4bn)... every single month.

The value added to the 50-year-old's fortune means that he's kept his place on Bloomberg Billionaires Index rich list with a total net worth of $274bn (£203bn).

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Following him is of course Jeff Bezos who currently has a net worth of $194bn (£143bn), despite his wealth it's suggested that he only made $3.96bn (£2.94bn) this year. Lightweight.

Elon Musk cheers as he sees off the Inspiration 4 crew, the first all-civilian crew to be sent into orbit. Credit: REUTERS/Alamy Stock Photo
Elon Musk cheers as he sees off the Inspiration 4 crew, the first all-civilian crew to be sent into orbit. Credit: REUTERS/Alamy Stock Photo

Next up is Bernard Arnault, he's the third richest person in the world and pushed that along thanks to a year to date change of $62.7bn (£46.5bn).

This has left Arnault - who owns luxury good company LVMH - with a net worth of $177bn (£131bn).

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But with great wealth comes hefty taxes (hopefully) and Musk is well aware of that. So much so that he even told his followers earlier this month (it's still December at the time of writing) that he would be forking out around $11bn (£8.16bn) in taxes alone.

He made the declaration in response to Senator Elizabeth Warren's allegation that he's 'freeloading' off everyone else. 

On 13 December, Senator Warren shared an article about Musk being named Time's Person of the Year. Alongside the piece, she wrote: "Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else."

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In response, Musk hit back: "And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year."

He then followed up, adding: "Don’t spend it all at once … oh wait you did already."

In another tweet, Musk went on: "You remind me of when I was a kid and my friend’s angry Mom would just randomly yell at everyone for no reason."

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The US' Internal Revenue Service (IRS) doesn't publicly disclose the tax information of individuals, so it's hard to tell if he will be paying the biggest tax bill in history, but with his bank balance it's doubtful $11 billion will cause too much pain.

Featured Image Credit: dpa picture alliance/Alamy Stock Photo

Topics: News, Celebrity, Elon Musk

Rebecca Shepherd
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