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#ElonMusk’s #Secret Web of Companies in Texas
The mega #billionaire is tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting #Trump’s re-election, according to a Times examination.
…[since 2020] #Musk, 54, has quietly built an empire of >90 companies & other legal entities in Texas, which have amassed a vast collection of assets, acc/to an examination by NYT.
#law #business #fraud #elite
https://www.nytimes.com/2026/02/27/technology/elon-musk-companies-texas.html?unlocked_article_code=1.PVA.xaqw.VR5SWnEyLfQ6&smid=nytcore-ios-share -
#ElonMusk’s #Secret Web of Companies in Texas
The mega #billionaire is tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting #Trump’s re-election, according to a Times examination.
…[since 2020] #Musk, 54, has quietly built an empire of >90 companies & other legal entities in Texas, which have amassed a vast collection of assets, acc/to an examination by NYT.
#law #business #fraud #elite
https://www.nytimes.com/2026/02/27/technology/elon-musk-companies-texas.html?unlocked_article_code=1.PVA.xaqw.VR5SWnEyLfQ6&smid=nytcore-ios-shareThe secretive network offers a glimpse into just how central one of the world’s richest men, who has a net worth of more than $650 billion, has made #Texas to his operations & ambitions. More than 50 of his at least 90 companies there are subsidiaries or other entities affiliated with his #business #empire, such as the rocket company #SpaceX & the electric vehicle maker #Tesla, as well as his nonprofit #Musk Foundation.
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The secretive network offers a glimpse into just how central one of the world’s richest men, who has a net worth of more than $650 billion, has made #Texas to his operations & ambitions. More than 50 of his at least 90 companies there are subsidiaries or other entities affiliated with his #business #empire, such as the rocket company #SpaceX & the electric vehicle maker #Tesla, as well as his nonprofit #Musk Foundation.
NYT identified at least 37 “companies” that appeared to be largely for Musk’s #personal use. Among them was one that owns 2 multimillion-dollar condos totaling >7k square feet in the Austin Proper Hotel, with sweeping views of downtown. Other companies managed planes that #Musk uses for #private travel & a portfolio of >1k acres of land, which when combined is bigger than Central Park in NY. The lines between Musk’s #business & personal interests are blurry, & some…likely served both purposes.
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NYT identified at least 37 “companies” that appeared to be largely for Musk’s #personal use. Among them was one that owns 2 multimillion-dollar condos totaling >7k square feet in the Austin Proper Hotel, with sweeping views of downtown. Other companies managed planes that #Musk uses for #private travel & a portfolio of >1k acres of land, which when combined is bigger than Central Park in NY. The lines between Musk’s #business & personal interests are blurry, & some…likely served both purposes.
The Times’s examination also offers a window into how #Musk used private #companies to support #Trump during the 2024 #election. Tapping these companies to cover the expenses of a #superPAC is “highly unusual”, #CampaignFinance experts said, & ended up obscuring how #money was being spent because they are not subject to the disclosure requirements of super PACs.
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NYT identified at least 37 “companies” that appeared to be largely for Musk’s #personal use. Among them was one that owns 2 multimillion-dollar condos totaling >7k square feet in the Austin Proper Hotel, with sweeping views of downtown. Other companies managed planes that #Musk uses for #private travel & a portfolio of >1k acres of land, which when combined is bigger than Central Park in NY. The lines between Musk’s #business & personal interests are blurry, & some…likely served both purposes.
@Nonilex He wants to be Epstein's replacement?
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The Times’s examination also offers a window into how #Musk used private #companies to support #Trump during the 2024 #election. Tapping these companies to cover the expenses of a #superPAC is “highly unusual”, #CampaignFinance experts said, & ended up obscuring how #money was being spent because they are not subject to the disclosure requirements of super PACs.
The vehicle that #Musk frequently turned to is one that many of the ultrarich use: limited liability companies [#LLC], which are designed to shield owners from #legal & #financial risks, as well as public scrutiny. Whatever Musk’s intent, the effect of using these companies has been to disguise how he is spending his #money.
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