Elon Musk Highest-Paid Business man in the World

Elon Musk
Elon Musk led People With Money’s annual list of the “100 highest paid business men” released on Sunday.

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It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 49-year-old Elon Musk has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2020 with an estimated $96 million in combined earnings.

UPDATE 26/10/2020 : This story seems to be false. (read more)

Elon Musk tops annual list of highest-paid business men

In 2018 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (October 25) that Musk is the highest-paid business man in the world, pulling in an astonishing $96 million between September 2019 and September 2020, a nearly $60 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The American business man has an estimated net worth of $275 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Musk Burger” chain) in Washington, a Football Team (the “Pretoria Angels”), has launched his own brand of Vodka (Pure Wondermusk - US), and is tackling the juniors market with a top-selling perfume (With Love from Elon) and a fashion line called “Elon Musk Seduction”.

The ranking is significant for many Elon fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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