Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth
[Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth | Markets Insider (businessinsider.com)](https://markets.businessinsider.com/news/stocks/elon-musk-5-investments-fuel-160-billion-net-worth-tesla-2021-7)
[Matthew Fox](https://markets.businessinsider.com/author/matthew-fox) Jul. 23, 2021, 08:36 AM
* **Elon Musk's net worth topped more than $160 billion this year, making him the second richest person on Earth.**
* **Musk's net worth is driven by five investments, which he revealed at a conference on Wednesday.**
* **These are the five holdings behind Musk's net worth.**
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Elon Musk's net worth of more than $160 billion makes the [**Tesla**](https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&utm_medium=ingest) CEO the second richest person on Earth, just behind [**Amazon**](https://markets.businessinsider.com/stocks/amzn-stock?utm_source=markets&utm_medium=ingest) founder Jeff Bezos.
At [**a bitcoin-focused conference on Wednesday,**](https://markets.businessinsider.com/currencies/news/elon-musk-bitcoin-approach-cathie-wood-jack-dorsey-bword-conference-2021-7?utm_source=markets&utm_medium=ingest) Musk revealed the 5 big investments that fuel his massive wealth.
Unsurprisingly, his wealth, like most billionaires, is highly concentrated in a handful of names, and Musk is only invested in one public company.
These are the 5 big investments driving Elon Musk's more than $160 billion net worth.
**5. Dogecoin**
[Dogecoin](https://preview.redd.it/iens604981d71.png?width=790&format=png&auto=webp&s=05a810747d1fb70729ca987e46275efed46821c4)
**Musk's Stake:** Unknown.
[**Coined "the dogefather,"**](https://markets.businessinsider.com/currencies/news/dogecoin-price-elon-musk-dogefather-tweet-snl-host-crypto-bitcoin-2021-4?utm_source=markets&utm_medium=ingest) Musk has been a long-time proponent of dogecoin and often tweets jokes about the meme-inspired cryptocurrency. In May, Dogecoin peaked at about $0.75 in anticipation of [**Musk's hosting of Saturday Night Live.**](https://www.businessinsider.com/snl-elon-musk-dogecoin-hustle-future-currency-2021-5?utm_source=markets&utm_medium=ingest) Since its peak, [**dogecoin is down more than 70%**](https://markets.businessinsider.com/currencies/news/dogecoin-whale-holdings-value-plummet-to-8-billion-doge-price-2021-6?utm_source=markets&utm_medium=ingest)**.**
**4. Ethereum**
[Ethereum ](https://preview.redd.it/zm4odauc81d71.png?width=790&format=png&auto=webp&s=cb0a4d25a21724923c2c7287ec684cdbf80bb4c3)
**Musk's Stake:** Unknown
**3. Bitcoin**
[Bitcoin ](https://preview.redd.it/rslko6jo81d71.png?width=790&format=png&auto=webp&s=cdcb892ab2b86b39954bf6267c3ae0ee8d605d0a)
**Musk's Stake:** Unknown.
"The bitcoin I own is worth much more than the ethereum or doge \[that I own\]," Musk said at Wednesday's conference. Musk added that both SpaceX and Tesla own bitcoin, and that he is open to Tesla accepting bitcoin as a form of payment again once bitcoin mining is more reliant on clean energy.
**2. SpaceX**
[ John Raoux\/AP Photo ](https://preview.redd.it/hzl7ssq191d71.png?width=790&format=png&auto=webp&s=4dac4e3b34060cf376f2a52a0086afc9ac746b81)
**Stake:** [**Estimated at 48%**](https://www.forbes.com/sites/sergeiklebnikov/2021/02/16/elon-musks-spacex-now-worth-74-billion-after-latest-fundraising-round-report/?sh=aee69f02dcaa), but could be lower if Musk's stake was diluted during the last funding round.
**Value:** $35 billion, based on SpaceX's [**last funding round valuation of $74 billion,**](https://www.cnbc.com/2021/02/16/elon-musks-spacex-raised-850-million-at-419point99-a-share.html) and assuming Musks till owns 48% of the space exploration company.
**1. Tesla**
[ Xinhua\/Ding Ting via Getty Images ](https://preview.redd.it/69rqh7dm91d71.png?width=790&format=png&auto=webp&s=383cbee17041ba33da470d044b947e4ab295a0b9)
**Stake:** 22.4%, as of December 31. Musk can still receive billions more in Tesla stock [**based on his pay agreement.**](https://www.businessinsider.com/elon-musk-tesla-compensation-package-tranches-explainer?utm_source=markets&utm_medium=ingest)
**Value:** $141 billion, based on Tesla's market valuation of $631 billion as of July 21.
Aside from the investments listed above, Musk added that he owns a stake in two of his early-stage private companies, Neuralink and Boring Company, but that those investments are of little significance in value relative to the others.
https://www.reddit.com/r/StockMarket/comments/oqci33/elon_musk_reveals_the_5_big_investments_that_fuel/
