The world’s richest person is set to fork out $11 billion in tax fees
The Tesla boss has been embroiled in a public debate on social media over how much tax he pays.
Earlier this week, Democratic Senator Elizabeth Warren tweeted that Mr Musk should stop “freeloading off everyone else”.
“For those wondering, I will pay over $11bn in taxes this year,” the billionaire responded.
The Bloomberg Billionaires Index puts Musk’s wealth at $243 billion, while his electric car business is worth around $1 trillion and SpaceX is worth $100 billion.
Last week, Mr Musk was named Time Magazine’s Person of the Year.
That prompted Senator Warren to tweet: “Let’s change the rigged tax code so ‘The Person of the Year’ will actually pay taxes and stop freeloading off everyone else.”
