Elon Musk.Photo: Jeff Vespa/WireImage
Elon Muskis the wealthiest person on the planet — and that comes with a large tax bill this year.
The Tesla Inc. CEO told his 67.1 million Twitter followers on Sunday that heexpects to pay a massivetax bill for 2021.
“For those wondering, I will pay over $11 billion in taxes this year,” Musk wrote.
The tweet has earned more than 490,000 likes and 48,000 retweets as of Monday.
Musk did not offer any other insight into his finances. A representative for Musk did not immediately return PEOPLE’s request for comment.
The announcement comes a week afterSen. Elizabeth Warrenof Massachusetts criticized Musk —who is also head of the aerospace manufacturing companySpaceX— after he was namedTime’sPerson of the Year.
“Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,” Warrenwrotevia Twitter on Dec. 13.
Elon Musk.Al Drago/Bloomberg via Getty
According toForbes, Musk is the wealthiest person in the world thanks to a net worth of $236.8 billion as of Monday afternoon. That makes him $43 billion richer than Amazon founderJeff Bezos, is No. 2 on the list with $193 billion.
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According toCNBC’s Robert Frank, Musk has already paid $7 billion in taxes in 2021 due to an options package he has worth $25 billion.
Frank said Musk did not pay any federal income tax in 2018 because he does not take a salary and instead borrows against his shares.
source: people.com
