Make way for the Elon Musk show. The billionaire launched a consultation with his subscribers on Twitter in early November. He had asked them if he should sell 10% of his Tesla shares, assuring that this was the only way for him to pay his taxes. Finally, 57% of the respondents answered in the affirmative. Since then, the billionaire has kept his promise as highlighted by the Business Insider site. Elon Musk has effectively sold $ 13 billion in Tesla shares to date.
As for his tax bill, it could be pretty damn high. According to calculations by the American financial group Bloomberg, it would amount to 10 billion dollars, in 2021, provided that the richest man in the world exercises the 7.9 million remaining options which will expire in August 2022. For information, he has already exercised nearly 15 million options.
A fortune that amounts to 255 billion dollars
It is difficult to know precisely if Elon Musk has just set a world record given that the Internal Revenue Service never publicly discloses individual tax returns. For the principal concerned, it is a certainty and it is in any case what he affirmed, during a discussion on Twitter, with the senator Elizabeth Warren, in particular on the subject of the inequalities of wealth. “I’m going to pay more taxes than any American in history this year,” said Elon Musk. As a reminder, his fortune currently stands at 255 billion dollars.
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A ProPublica report in June pointed out that Elon Musk paid little in income tax compared to his disproportionate wealth. But the billionaire replied by recalling that he received no salary, neither from SpaceX, nor from Tesla, paying an effective tax rate of 53% on the stock options he exercises.
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