Elon Musk Royal Society %28crop1%29.
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Elon Musk, the world’s richest person and the chief executive of the electric car company Tesla, has said he will pay more than $11bn in tax this year – which could be a record amount of annual tax paid by a single person. Musk, who was earlier this year accused of paying zero federal taxes in 2018 despite sitting on an estimated $243bn (£185bn), said he would pay the unusually high tax bill this year after the sale of millions of Tesla shares. It comes after Senator Elizabeth Warren last week described Musk as “the world’s richest freeloader”.