🔥 Elon Musk Says: “I’m Worth $400 Billion—But I Don’t Even Have $1 Million in Cash”

In a candid and surprising revelation, tech billionaire Elon Musk has debunked one of the biggest misconceptions about the ultra-wealthy: that they sit on mountains of cash. Despite being one of the richest men in the world, Musk says he doesn’t even have $1 million in liquid assets.

“A net worth of $400 billion doesn’t mean I have $400 billion in my bank account. I don’t even have up to $1 million in cash right now,” Musk said.

■ Not All Billionaires Swim in Cash

Musk, the CEO of Tesla, SpaceX, and several other ventures, opened up about what wealth really looks like at his level—and it’s not as glamorous or liquid as most people assume.

“I get annoyed when I see the kind of mindsets people have about rich people, especially billionaires,” Musk said. “People feel so threatened by rich people’s success that they tend to use it as an excuse for their own failures.”

According to Musk, his net worth is almost entirely tied to the value of his companies. His wealth exists on paper—in the form of stock ownership—not in the form of cash sitting in a vault.

“Most people don’t understand the concept of wealth. My wealth is my companies. If Tesla or SpaceX went bankrupt, I would go bankrupt too. Even now, I still take loans and reinvest because I don’t actually have physical cash.”

■ The Wealth Mindset: Spend What’s Left After Investing

Musk’s perspective offers a stark contrast to the average mindset around money and spending. For him, being wealthy isn’t about owning luxury—it’s about building and reinvesting.

“Most people spend their money and invest what’s left. Entrepreneurs invest their money and spend what’s left,” he noted.

His words have sparked widespread discussion about what it truly means to be rich in a world where perceived value often overshadows real financial strategy. Musk’s case is a powerful reminder: net worth is not the same as cash in hand.