Musk, who is worth more than $160 billion, revealed his top five sources of wealth

Spark Global Limited reports:

Tesla CEO Elon Musk now has a net worth of more than $160 billion, making him the second richest person in the world after Amazon founder Jeff Bezos. At a recent Conference at The B Word, Musk revealed The top five investments that have made him a fortune.

As expected, Musk’s wealth, like most billionaires, is highly concentrated in a handful of projects. Here are the top five investments that propelled his net worth over $160 billion:

5. A dog

Musk’s positions: undisclosed

Musk, known as the “father of Dogecoin,” has long been a supporter of dogecoin and has often teased the meme-inspired cryptocurrency on Twitter. Musk’s “push” pushed dogecoin to a peak of about $0.75 in May. Since then, however, dogecoin prices have fallen by more than 70 percent.
4. The etheric currency

Musk’s positions: undisclosed.

After peaking above $4,300 in May, The value of Ether has also fallen by about 50 percent. However, it is still up more than 600% over the past 12 months.

3. The currency

Musk’s positions: undisclosed.

“The bitcoin I own is worth a lot more than the Ether and dogecoin I own,” Musk said at the conference. Musk added that both SpaceX and Tesla own bitcoin, and tesla could start accepting it again as a payment method once bitcoin mining becomes more reliant on clean energy.

2. To raise the company

Musk’s stake: Estimated at 48%, but could be lower if Musk’s stake was diluted in the last funding round.

Value: $35 billion, based on a $74 billion valuation of SpaceX’s last funding round, and assuming Musk still owns 48% of the space exploration company.

“Besides Tesla, the only company I own that has a high value is SpaceX,” he said at the conference.

1. Tesla

Musk’s holdings: 22.4% (as of Dec. 31). Under the pay deal, Musk will still receive billions of dollars in Tesla stock.

Value: $141 billion, based on Tesla’s market cap of $631 billion as of July 21.

In addition to the five investments, Mr Musk added that he also owns stakes in two private start-up companies, Neuralink and the Boring Company, but that these investments are of little value relative to other investments.