Elon Musk said his wealth is tied to SpaceX and Tesla stock rather than cash holdings, asserting that the fortune tracks the companies’ market value.

Senator Bernie Sanders has argued that Musk’s net worth is greater than that of the bottom half of American households and has supported a proposed tax on AI giants intended to seed a $7 trillion public fund, according to BeInCrypto.

Musk added that shareholders and retirement funds benefit when the companies’ value increases, framing the wealth as investment-based rather than tied to liquid assets.