Elon Musk says his fortune would face taxes, not "some magical way to avoid taxes"

Elon Musk discussed his personal fortune and his forecast that conventional money could eventually lose importance during an interview with biographer Walter Isaacson on The Builders podcast, recorded in early August and released Tuesday. The Tesla and SpaceX chief said most of his wealth comes from stakes in those companies, which he said he needs to preserve voting influence and leadership. He also discussed the tax treatment of his holdings, saying his fortune would face significant levies and disputing that it could be shielded. Musk predicted robotics and space travel could create a multiplanetary economy and said his wealth would diminish across generations.