How Elon Musk, who just welcomed a new baby, spends his $38.2B fortune - Business Insider

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Elon Musk and Grimes just welcomed their baby boy. Here's how the eccentric CEO makes and spends his $38.2 billion fortune.

Musk found himself in legal trouble with the SEC in 2018 after he tweeted that he had obtained the funding to take Tesla private, which moved the company's stock price. Musk reached a settlement with the SEC in April 2019.Musk moved Tesla share price again on May 1, sending it down 13% after tweeting "Tesla stock price is too high imo."

FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in ShanghaiAt the end of the day, the multibillionaire says he enjoys inexpensive hobbies like listening to music, playing video games, and reading books. "Hang out with kids, see friends, normal stuff," he said. "Sometimes go crazy on Twitter. But usually it's work more.

A courtroom sketch of British cave diver Vernon Unsworth during his defamation suit against Elon Musk.

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