Elon Musk Facing A $258 Billion Lawsuit

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Elon Musk is currently being sued for more than he is worth after being accused of running a "pyramid scheme."

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A lawsuit claiming damages of $258 billion was filed against the world's richest man in Manhattan on June 16.

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Musk's current net worth, according to Forbes' "real-time billionaires" list, is $212.5 billion.

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The billionaire's wealth is mostly tied up in Tesla stock and tends to fluctuate with the value of the company.

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Forbes says Musk owns around a quarter of Tesla and 9.1% of Twitter. Musk also has the $125 billion spacecraft and satellite manufacturing company SpaceX in his portfolio,

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among other interests. The website also notes that a significant amount of Musk's Tesla stock is being used as collateral for loans

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Musk's first significant contribution to the tech world was the co-founding of PayPal.

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After playing a significant part in the payment service's success, the South African entrepreneur cashed out and focused his efforts on Tesla,

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