What is the Musk family’s net worth? The Musk Family full of entrepreneurs is one of the wealthiest families in the world.
Elon Musk has had a wild life, but he’s not the only member of his family to launch businesses, make millions, or achieve fame.
His family is chock-full of entrepreneurs and rebels, from his filmmaker sister, Tosca, to his actress ex-wife, Talulah Riley.
With ten known kids, he’s also got a sizable brood of his own. The Tesla and SpaceX CEO recently added two new members of the family with his now ex-girlfriend, the musician Grimes: a baby boy born in May 2020 and a second, initially secret baby girl conceived via surrogate in 2021.
And in November, he quietly had twins with one of his top executives, Shivon Zilis, according to documents obtained by Insider. The twins were born weeks before his second child with Grimes was born.
But even before his new babies, Musk — who was born in Pretoria, South Africa, before emigrating to Canada, and eventually, California — already had a large immediate family that included two ex-wives, a set of twins, and a set of triplets.
Maye Musk was famous long before her son Elon thanks to her modeling, and once starred in a Beyoncé MV, while siblings Kimbal and Tosca also worked hard to make millions
Errol Musk’s fortune is the most controversial as he’s rumored to have owned an emerald mine, and now he fathers two kids with his stepdaughter – but how much does he make?
Details on The Musk Family fortune in 2023.
Elon Musk, the world’s second richest man, is also the most famous of his family members. But his mum, dad, siblings, and ex-wife, who all share the Musk name, also quietly enjoy enormous self-made fortunes.
Elon, 51, grew up in Pretoria, South Africa, with parents Errol and Maye. He’s the eldest of three children, followed by his brother Kimbal and sister Tosca. According to reports, the Musk family lived a very comfortable lifestyle, with the kids going on holidays and attending private schools throughout their childhood.
The entrepreneurial spirit clearly runs in this family’s veins. Elon and Kimbal joined forces with their cousins on multiple mini ventures as youngsters, reported CNBC. Their cousins Russ, Peter, and Lyndon Rive have all since gone on to become successful businessmen in the tech sector too.
But although the Tesla CEO is highly regarded as the Musks’ main genius, Elon has raised eyebrows with his growing list of baby mamas and that controversial Twitter deal fallout. Nevertheless, the eccentric entrepreneur still remains on top as the world’s richest individual with US$146.8 billion in the bank.
But how much do the other Musks make?
6. The controversial patriarch: Errol Musk – $2 million.
Born in South Africa, Errol worked as an engineer, pilot, consultant, and property developer and, controversially, may have co-owned an emerald mine at one point in his career, according to The Buffalo News – though son Elon vehemently denied this. (Another controversial fact? He’s fathered children with his stepdaughter.)
Despite apparently living a lavish life, not much is actually known about Elon’s dad and his mysterious fortune. Most of what has been made public has been derived from interviews with the man himself, or with his family members. Much of what has been said about him is negative though, with Elon describing him to Rolling Stone as “evil” and a “terrible human being”.
But personal life aside, it’s clear that Errol is probably sitting on a hefty sum, given that he owns a Bentley, a Rolls-Royce, and a Mercedes, according to an interview he did on the podcast The Kyle and Jackie O Show. Some online sources have capped his wealth at US$2 million, but other reports suggest it’s probably much higher.
5. The author and Elon’s ex-wife: Justine Musk – US$3 million.
Elon has been married three times, twice to British actress Talulah Riley, but only Justine took his last name and kept it after the divorce. In their eight years of marriage, the two had five children together (and tragically lost one at 10 weeks old), and Justine witnessed her then-husband start some of his most ambitious projects in the early stages. Since their split, Justine has accumulated a decent net worth of US$3 million thanks to her book sales, per several media sources.
4. The supermodel matriarch: Maye Musk – US$20 million.
Elon’s glamorous mum was a supermodel and celebrity for decades, long before her son entered the spotlight – though once the Tesla CEO hit the big time she wasn’t the biggest name in the family anymore. “I was famous until Elon became famous,” she joked to The New York Times in 2016. Besides gracing magazine covers for Vogue and Time, Maye even had a cameo in a Beyoncé music video.
The 74-year-old has worked with brands like Revlon and Special K cereal and has written several books. But after her divorce from Errol, Maye recalled her struggles as a single mum to Forbes in a 2018 interview, adding that she had to work five jobs at one point to make ends meet. These days, the dietitian stuns on red carpets and looked fabulous at the Met Gala with Elon in May.
3. The filmmaker: Tosca Musk – US$170 million.
In 2017, Tosca co-founded Passionflix, a Netflix-style streaming service that focuses on romance titles catered directly to women. The platform is now available in almost 150 countries, according to The New York Times.
The 48-year-old is also an acclaimed filmmaker, who makes productions for Passionflix, Lifetime, and Hallmark. With over 50 producer and director credits to her name, per her IMDB page, it’s clear that Tosca’s passion lies in the film. Crunchbase confirmed that her brother Kimbal is a supportive investor, but it’s unknown whether Elon is also involved.
Saving Advice estimates Tosca’s net worth at just under US$170 million.
2. The restaurateur: Kimbal Musk – US$700 million.
Errol described Kimbal as his “pride and joy” on The Kyle and Jackie O Show but also claimed his second son is a “billionaire”. Not quite, but he’s certainly not far off, with Forbes estimating Elon’s brother’s net worth at US$700 million, thanks to his many lucrative business endeavors, including Zip2 and X.com, which later became part of PayPal.
Kimbal was also an early investor in Tesla, SpaceX, and the Mexican food chain Chipotle. He’s since sold more than US$230 million worth of Tesla shares but still sits on the board. The cowboy hat-loving businessman is also the co-founder of The Kitchen restaurant group.
1. The serial entrepreneur: Elon Musk – US$188.4 billion.
This shouldn’t come as a surprise, since Elon holds the No 2 richest position not just in the Musk household, but in the whole world, per Forbes. The billionaire CEO made his fortune thanks to a whole host of business endeavors over the years: X.com (PayPal), SpaceX, Tesla, Neuralink, OpenAI, The Boring Company, Starlink … the list goes on.
He lost the 1st position of the wealthiest man on earth weeks after buying Twitter for $44 billion to Bernard Arnault & family who now has 211.7 billion.
Has he finally made dad proud though? “No”, Errol told The Kyle and Jackie O Show. Though he admitted that Elon “surpassed the mark” of his children, he also added, “it’s not as if we suddenly started doing something”, referring to the family’s long list of achievements. Well, at least the rest of the planet is impressed.
Summary of the richest members of the Musk family
- Elon Musk – US$188.4 billion
- Kimbal Musk – US$700 million
- Tosca Musk – US$170 million
- Maye Musk – US$20 million
- Justine Musk – US$3 million
- Errol Musk – $2 million