Home » Business » Title: Elon Musk’s Surprisingly Simple Spending Habits Despite Trillion-Dollar Wealth

Title: Elon Musk’s Surprisingly Simple Spending Habits Despite Trillion-Dollar Wealth

by Priya Shah – Business Editor

Elon Musk‘s Trillion-Dollar Spending Spree:⁢ From ⁤Bond‘s Submarine Car to a Mars City Vision

AUSTIN,⁣ TX – elon ‍Musk, ​the⁢ world’s wealthiest individual, ⁤is deploying portions of ⁣his vast fortune – estimated ‍to exceed $1 ⁣trillion – ‌on ​a diverse collection​ of passions, ranging ‍from‌ vintage ​automobiles and a private air fleet to enterprising long-term projects‌ like establishing a human presence⁤ on Mars.While a trillion-dollar⁢ net worth allows for extravagant purchases,Musk’s spending⁤ reflects both personal interests and ‍the demands of his sprawling⁤ business empire.

Musk’s automotive collection includes a 1920 Ford ‍and ‍a 1967 Jaguar, a vehicle ⁤he’d ⁤admired as childhood. He briefly⁣ owned a McLaren Formula 1 car, which he repaired⁢ after an accident before ultimately selling ‌it. A standout⁢ acquisition ⁢is the Lotus Esprit S1, famously featured as James ⁢Bond’s submarine car ‌in the ‌1977 film “The ​Spy Who Loved‌ Me.” Musk purchased the vehicle for $1 million ‍at a 2013 auction⁢ and utilized his companies’‍ resources⁤ to restore its underwater capabilities.

Beyond these collector’s​ items, Musk ⁢maintains a substantial fleet of Tesla electric​ cars. Recognizing the demands of his global ⁤ventures, he also owns four private Gulfstream jets, reportedly costing tens of millions of dollars ‍each. “If I don’t ⁤use a private plane, I ⁣won’t ​have enough ⁤hours to work,” Musk explained in a 2022 ⁤TED interview, citing frequent travel between SpaceX facilities in Texas and Tesla sites in California, as well as international trips.

Musk’s investments extend‍ beyond tangible assets, including the acquisition of​ the ‍twitter platform, now known as X. Though, despite⁤ these critically important‍ expenditures,⁣ his immense wealth remains largely intact,⁢ with​ a clear focus on his ultimate ambition:‌ “building a city on Mars.”

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