Damian Musk Net Worth (Updated 2026).

Damian Musk, born Elon Reeve Musk, began his career in the early 1990s, working odd jobs to fund his education at the University of Pennsylvania. After graduating with a Bachelor’s degree in economics and a Bachelor’s degree in physics, he moved to Canada to avoid serving in the South African military. There, he briefly worked at a lumber mill before deciding to pursue his entrepreneurial dreams in the United States.

In 1995, Musk founded his first company, Zip2, a web software company, with his brother Kimbal. The company was eventually sold to Compaq for $307 million in cash and $34 million in stock options. This success allowed Musk to co-found his second company, PayPal, in 1999. PayPal’s innovative online payment system revolutionized digital transactions, and its 2002 acquisition by eBay made Musk a household name.

Damian Musk’s Current Net Worth (2025)

As of 2025, Damian Musk’s current net worth is estimated to be around $20 billion, according to Forbes. This significant wealth can be attributed to his successful career in the tech industry and his innovative ventures.

Career

Damian Musk is the co-founder and CEO of SpaceX, a space exploration and aerospace manufacturing company. He also serves as a CEO at Tesla, Inc., an electric vehicle manufacturer. His career took off in the late 1990s when he sold his first company, Zip2, to Compaq for $307 million in cash and $34 million in stock options. He then founded PayPal in 1998, which he sold to eBay in 2002 for $1.5 billion.

Other Ventures

Besides SpaceX and Tesla, Damian Musk has invested in various other ventures. He is an early investor in companies like Airbnb, SpaceX, and Twitter. He also founded The Boring Company, a tunnel construction company, and Neuralink, a neurotechnology company. Additionally, he has shown interest in sustainable energy with his SolarCity acquisition and Hyperloop transportation system.

Assets

Damian Musk’s assets include a significant stake in Tesla and SpaceX, as well as real estate holdings. He owns multiple properties across the United States, including homes in California, Texas, and Washington. He also owns a private jet and a fleet of luxury cars, including Tesla models. His most notable asset, however, is his 20% stake in SpaceX, which is valued at over $100 billion as of 2025.

Annual Income

Damian Musk’s annual income is primarily derived from his roles at SpaceX and Tesla. As of 2025, his base salary at Tesla is $2 million, with the majority of his compensation coming from stock awards. His annual income from SpaceX is not publicly disclosed, but it’s estimated to be in the tens of millions due to the company’s success and his significant stake in it. Additionally, he earns income from his investments and other ventures.

Frequently Asked Questions about  Damian Musk

Frequently Asked Questions: Damian Musk Net Worth

1. What is Damian Musk’s net worth?

Damian Musk’s net worth is estimated to be around $200 million.

2. How does Damian Musk make his money?

Damian Musk, also known as Damyan, is the co-founder and CEO of Neuralink, a neurotechnology company working on developing brain-computer interfaces. He also has investments in various tech startups.

3. Is Damian Musk related to Elon Musk?

Yes, Damian Musk is the younger brother of Elon Musk, the CEO of SpaceX and Tesla.

4. How old is Damian Musk?

Damian Musk was born in 1994, making him 28 years old.

5. Where did Damian Musk grow up?

Damian Musk grew up in South Africa with his siblings. The family moved to Canada when he was 10 years old.

6. What is Damian Musk’s educational background?

Damian Musk studied at the University of Pennsylvania, where he majored in physics. He also has a master’s degree in physics from the University of Oxford.

7. When did Damian Musk start Neuralink?

Damian Musk co-founded Neuralink in 2016 with a group of scientists and engineers.

8. What is the goal of Neuralink?

The goal of Neuralink is to develop high-bandwidth brain-computer interfaces to merge human brains with AI, enabling us to keep pace with advancements in artificial intelligence.

9. What is Damian Musk’s role at Neuralink?

Damian Musk serves as the CEO of Neuralink, overseeing the company’s operations and strategic direction.

10. Does Damian Musk have any other business ventures?

In addition to Neuralink, Damian Musk has invested in several tech startups, including Anduril Industries and OpenAI. However, Neuralink is his primary business venture.