FREMONT (CBS SF) — Elon Musk may be a billionaire, but last year his total compensation was just over $35,000.
A regulatory filing reveals Musk received the small salary for running electric car maker Tesla last year.READ MORE: Lowell High School Alumni File Lawsuit To Reinstate Merit-Based Admissions
His salary was equivalent to California’s minimum wage.READ MORE: Environmental Whistleblower Sets Off Probe Into Illegal Discharge Of Petcoke At Port Of Benicia
But, Musk didn’t accept the salary, or receive cash from stock or bonuses.MORE NEWS: COVID: UCSF Researchers Examine Impact Of Coronavirus On Young Brains After 3 Teens Develop Psychosis
However, Musk, who also heads up rocket maker SpaceX, currently holds 35.3 million shares of Tesla, which translates to fortune of roughly $7.8 billion.