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Elon Musk's Texas Ventures Boost Wealth and Trump Ties

2/27/2026

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Summary

Story summary

Elon Musk has established more than 90 companies in Texas, boosting his wealth.
His wealth exceeds $650 billion.
He moved from California to Texas in 2020, and Musk claimed to pursue a minimalist lifestyle.
Musk used these entities to support U.S. President Donald Trump’s 2024 campaign.
The New York Times investigation reveals the ties between Musk's personal and Texas business interests and the spending hidden through LLCs.

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Story summary

Elon Musk has established more than 90 companies in Texas, boosting his wealth.
His wealth exceeds $650 billion.
He moved from California to Texas in 2020, and Musk claimed to pursue a minimalist lifestyle.
Musk used these entities to support U.S. President Donald Trump’s 2024 campaign.
The New York Times investigation reveals the ties between Musk's personal and Texas business interests and the spending hidden through LLCs.