Elon Musk Won’t Leave Fortune to Children, Calls It a ‘Mistake’

Musk’s Inheritance Stance

Elon Musk, now a trillionaire after SpaceX’s public market debut, has stated he will not directly leave his vast fortune to his 14 children. He believes automatically granting them control or shares in his companies would be a “mistake” if they lack the interest or capability.

Musk emphasized that leadership within his organizations should be determined by merit and competence, not familial ties. This stance was shared during an interview with the Wall Street Journal’s CEO Council.

Key Details on Musk’s Family & Wealth

• Musk has 14 children with four different women, including Justine Wilson, musician Grimes, Neuralink executive Shivon Zilis, and Ashley St Clair.
• His daughter, Vivian Jenna Wilson, publicly estranged herself in 2022 after legally changing her name and gender.
• Hypothetically, an equal distribution could amount to tens of billions of dollars for each child.

Future of the Empire

Musk has previously indicated he has identified trusted individuals to oversee his business empire in his absence. Their names, however, have not been publicly disclosed.

The specifics of how his wealth will be managed, including potential trusts or donations, remain unconfirmed. No concrete plans for his children’s inheritance have been outlined.