In spite of being among the richest people in the world, Elon Musk is not someone who has a lot of cash. This admission came from him while he was being trialed for the “pedo guy” tweet he sent out.
The CEO of Tesla said that most of the fortune which he has (close to $20 Billion according to him) is locked up in his company SpaceX and in stocks.
Musk has reportedly testified saying that people presume that he has loads of cash but that is not true. He said so in Los Angeles and further added that he has a running debt against the stock holdings which he has.
This revelation came on Wednesday which was the second day of Musk’s testimony in a defamation suit that had been brought by cave explorer from British known as Vernon Unsworth who Elon Musk in July 2018 had called “pedo guy.”
Unsworth had a role to play last year in the rescue of 12 boys from a Thai cave network has now sought damages over an insult which was baseless. Musk says that he did not mean this literally.
There is a chance that this case is going to go to the jury on Thursday after the testimony from estranged wife of Unsworth and an expert who is going to discuss the impact of the tweets of Musk.
Musk is the 34th richest person in the world and has a net worth as of Wednesday amounting to $26.5 Billion. The holdings he has in SpaceX amount to $14.6 Billion and his shares in Tesla have a combined worth of $12.8 Billion besides a few other smaller investments.
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