In a surprising twist akin to a high-stakes spy novel, Elon Musk, the wealthiest person in the world, goes by the code name “Voyager” within his security team. This detail was revealed in a report by The New York Times, shedding light on the extensive security measures Musk employs due to his immense wealth and public visibility.
Over the years, Elon Musk's approach to personal security has undergone significant changes. Initially leading a low-key lifestyle with minimal security, by 2014, as his wealth and status soared, he adopted a more stringent security protocol. This shift included a rotating team of up to 20 bodyguards, some armed, and a medical professional, dedicated to managing potential threats and ensuring his safety at all times. This reflects Musk's heightened risk profile as the CEO of Tesla and SpaceX, as well as the world's richest individual, with a net worth exceeding $250 billion.
The costs associated with Elon Musk's security are substantial. Reports indicate that in January 2016 alone, his security expenses surpassed $163,000. Recent financial disclosures by Tesla show that Musk's security company billed $2.4 million in 2023, with an additional $500,000 through February 2024. These figures underscore Musk's significant financial investment in safeguarding his safety.
In addition to personal security, Musk has taken other protective measures, such as purchasing a new residence in 2022 to avoid public scrutiny of his previous address. The new property is equipped with 24/7 security, reflecting Musk's proactive stance in protecting his privacy and safety.
While Elon Musk is not the only tech mogul to prioritize security, the extensive measures he has in place illustrate his unwavering commitment to ensuring his well-being in the face of potential threats.Security expenses are a common trend among top tech executives. For example, a significant portion of Mark Zuckerberg's compensation at Meta in 2023 was attributed to personal security costs. Similarly, Apple has made substantial investments in ensuring the security and private travel of CEO Tim Cook, aligning with the wider practice seen among prominent leaders in the industry. In response to threats, Tesla has also enhanced its security protocols, such as stepping up security measures following a death threat against former CFO Zachary Kirkhorn. This included implementing strict badge checks at its facilities and addressing multiple reported terror threats to law enforcement.
