Billionaire entrepreneur, Elon Musk, says money cannot guarantee happiness, sparks heated debate

By Sabiu Abdullahi

Elon Musk has stirred debate across social media after declaring that wealth does not automatically bring happiness, despite his position as the richest man in the world.

The Tesla chief executive made the statement on Thursday in a post shared on X, the social media platform he owns.

“Whoever said ‘money can’t buy happiness’ really knew what they were talking about,” Musk wrote.

The post quickly gained traction online. As of the time this report was filed, it had recorded more than 51 million views, about 56,000 reposts and thousands of comments. Reactions remained divided.

Some users supported his view. They argued that financial success does not protect people from emotional struggles or personal difficulties. Others disagreed. They maintained that money improves living standards and creates access to opportunities that can enhance well-being.

Musk did not add details or clarification to his remark.

The billionaire entrepreneur has spoken in the past about the weight of leading global firms, the scrutiny that follows his public role and the demands of running multiple companies.

His fortune has experienced major swings in recent years. Much of the movement has been tied to Tesla’s stock performance and wider market trends.

Beyond Tesla, Musk heads SpaceX and several other ventures. His influence continues to expand across technology, regulatory debates and political discussions in the United States.

Data from the Bloomberg Billionaires Index shows that Musk became the first individual to attain a net worth of $638 billion on December 16, 2025. The index also indicated that his wealth rose by 42.7 per cent within one year from December 2024.

On October 28, Musk, who founded xAI, revealed the introduction of Grokipedia, an online encyclopedia connected to his artificial intelligence projects.

His latest comment has again placed him at the centre of conversations surrounding wealth, fulfilment and the true value of financial success.