In an intriguing turn of events that echoes a high-stakes spy story, Elon Musk, the wealthiest person in the world, goes by the alias "Voyager" within his security team. This fact, revealed in a report by The New York Times, highlights the extensive security measures Musk employs due to his immense wealth and high public profile.

Elon Musk's Personal Security Approach

Elon Musk's strategy for personal security has undergone significant changes over time. Initially known for leading a modest and low-key lifestyle with minimal security, Musk began to implement a more robust security protocol around 2014 as his wealth and status grew. This shift involved a rotating squad of up to 20 bodyguards, some armed, and a medical professional assigned to ensure Musk's safety at all times. This increased security presence reflects the elevated risks Musk faces as the CEO of Tesla and SpaceX, as well as the wealthiest individual globally, with a net worth surpassing $250 billion.

Cost of Protecting Elon Musk

The expenses associated with Musk's security are considerable. Reports indicate that in January 2016 alone, his security costs exceeded $163,000. Recent figures reveal significant security spending, with Tesla's SEC filings showing that Musk's security firm billed $2.4 million in 2023 and an additional $500,000 through February 2024. These numbers underscore the financial investment Musk has made to ensure his safety.

Beyond personal security measures, Musk has taken steps to enhance protection in other areas. For example, in 2022, he reportedly acquired a new residence to maintain privacy and security, complete with round-the-clock surveillance. This move exhibits Musk's proactive stance in safeguarding his personal safety and confidentiality.

Comparison to Other Tech Titans

Musk is not the only tech magnate who places a high priority on security.The importance of security is evident across various tech leaders. In 2023, a significant portion of Mark Zuckerberg's compensation at Meta went towards personal security expenses, mirroring a similar trend seen with other high-profile executives like Tim Cook at Apple. Tesla has also enhanced its security measures in response to threats, such as implementing stricter badge checks and addressing reported terroristic threats following an incident involving their former CFO Zachary Kirkhorn.