Elon Musk Says He Will Pay More Than $11 Billion in Taxes This Year

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Elon Musk has been making headlines all year-round, whether that’s because he became the richest person in the world, or TIME’s person of the year. Well, now, he’s made headlines after announcing that he will pay more than $11 billion in taxes this year.

Scroll on to find out more.

Now, Elon Musk is the complete embodiment of a classic eccentric billionaire…

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Being the founder, CEO, and Chief Engineering Designer of not only Tesla but SpaceX too, he has an awful lot going for him.

As it currently stands, Tesla is the world’s leading electric car company…

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With almost 500,000 vehicles being bought and distributed in 2020 alone. The company is pioneering the future of electric car travel with Musk as its CEO.

And then there’s Space X…

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Space X became the first private company to successfully launch, orbit, and recover a spacecraft, as well as the first to send a spacecraft to the International Space Station (ISS).

And due to his acomplishments, Musk has cashed in a serious amount of money since starting his businesses…

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Back in January, according to the BBC, Musk finally became the richest man in the world, knocking Jeff Bezos out of 1st place.

Quite the achievement, I know!

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However, the feud between Musk and Bezos has been ongoing all year, with the pair yoyo-ing between 1st and 2nd place.

Well, until recently that is…

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Musk saw a jump of 4.9 percent for the stock price of Tesla at the start of the year – an increase that came just days after finishing the first trading session of the year where they saw an increase of 3.4 percent.

Musk’s net worth subsequently soared shortly after to a staggering $188 billion, as per Bloomberg’s Billionaires Index.

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And with Jeff Bezos’ net worth standing at $187 billion, Elon Musk was ultimately placed as the world’s richest man.

Things just kept getting better for Musk, and as of September 7th, he was reportedly worth over $200 billion…

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Making him the 3rd person in the world to ever reach that milestone, behind Jeff Bezos and Bernard Arnault, CEO of French luxury brands Mo√ęt, Hennessy and Louis Vuitton.

A great achievement for Musk!

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And of course, he went about the news in the most typical “Elon Musk” way.

In response to the news, he simply tweeted, “How strange”…

Before adding, “Well back to work.”

Then, almost a month after beating Bezos and becoming the world’s richest man…

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He secured his position in 1st place.

On Monday, October 25th, Musk left his competitors in the dust as he reportedly gained a further $36 million…

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Taking him up to a whopping $269 billion according to Forbes.

However, all this money seems to be going to his head, quite literally, as his new haircut has become the latest topic of conversation among Twitter users…

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And he’s been facing some serious criticism…

Despite being crowned the richest man in the world, it hasn’t all been sunshine and rainbows for the CEO…

This year alone, he has split from his long-time girlfriend Grimes, as well as having to pay up for some unpaid taxes due to unrealized gains in Tesla stock. So all in all, it’s been a choppy year.

Although the tech giant has been through a lot, nothing could have prepared us for the photo that was taken of Musk last Wednesday night as he landed in Miami for Art Basel…

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It’s safe to say the internet was in shock…

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Take a look at his new hairdo for yourself…

Maybe it’s more of a hair-don’t…

Well, we’re pretty sure Elon isn’t still ruminating on his hair disaster…

Because he’s been crowned TIME’s ‘Person of the Year.’

And now, he’s discussing a topic that’s been on everybody’s lips.

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Keep on scrolling to see exactly what he has to say.

But first, people had their own thoughts.

Senator Elizabeth Warren also had something to say about Musk, prompting him to get a little fiery in his response.

“Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,” she wrote in a tweet.

And so came his response…

And then Musk set the record straight, telling everyone just how much he’s going to be paying this year.

Oh damn.

What do you think?