Musk started the year with a net worth of $156 billion and ended it worth $277 billion, according to the Bloomberg Billionaires Index.
The $121 billion gain in net worth was a 78% increase of his personal fortune. Musk had an even larger gain in 2020, when he added $140 billion to his net worth.
Musk, who has recently moved his primary residence to Texas and relocated Tesla’s corporate headquarters to Austin, said he expects to pay more than $11 billion in taxes for 2021.
The 10 richest people in the world added a combined $402 billion to their fortunes in 2021, according to the Bloomberg Billionaires Index, with Musk’s $277 billion net worth by far the largest fortune.
Musk’s closest competitor, Amazon founder Jeff Bezos, will enter 2022 worth $190 billion. That’s a $4.5 billion gain since this time last year.
Facebook founder Mark Zuckerberg added nearly $25 billion to his fortune in 2020. He’s worth $128 billion, according to Bloomberg.
Microsoft founder Bill Gates began the new year worth $139 billion. He entered 2021 with a value of $132 billion. His former wife, Melinda French Gates — who ended her 27 year marriage to Bill in August — reportedly has a net worth of $11.4 billion.
Google co-founder Larry Page cracked the 12-digit club in 2021 by adding $47 billion to the $83 billion he had coming into this year. Fellow Google co-founder Sergey Brin also enjoyed that distinction by becoming worth $125 billion, thanks to a 2021 gain of $45 billion.