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Elon Musk doesn't get paid, buy stuff or pay taxes like you do

Elon Musk doesn't get paid, buy stuff or pay taxes like you do

CNN
Tuesday, November 09, 2021 08:48:43 PM UTC

The world's wealthiest people have unfathomable riches. But there's a huge difference between wealth and income, and that's what makes Elon Musk's weekend Twitter stunt, polling his followers about whether to sell 10% of his Tesla stock, both fascinating and jarring.

For the uninitiated: Musk, like many ultra-wealthy heads of companies, doesn't receive a paycheck like regular people. When you see headlines about his net worth topping $300 billion, it's fun to imagine him diving into a vault of gold coins, a la Scrooge McDuck. But that eye-popping number refers mostly to Musk's equity stake in Tesla, his trillion-dollar electric vehicle company.

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