In a surprising turn akin to high-stakes espionage, Elon Musk, the wealthiest person in the world, goes by the code name "Voyager" within his security team. This revelation, disclosed in a report by The New York Times, highlights the elaborate security precautions Musk undertakes due to his immense wealth and public visibility.
Over the years, Musk's security approach has undergone a significant transformation. Initially known for his understated lifestyle and minimal security measures, by 2014, as his wealth and prominence increased, he adopted a more robust security strategy. This included a rotation of security personnel dedicated to identifying and managing potential risks to ensure his safety.
Presently, Musk's security team consists of up to 20 bodyguards, some armed, and a medical professional, tasked with safeguarding him around the clock. This sizeable team reflects the heightened risks associated with Musk's roles as CEO of Tesla and SpaceX, as well as being the wealthiest individual globally, with a net worth exceeding $250 billion.
The expenses linked to Musk's security are substantial. Reports indicate that in January 2016 alone, his security costs surpassed $163,000. The overall investment in security in recent years is significant, as shown in Tesla's SEC filings revealing security expenditures of $2.4 million in 2023 and an additional $500,000 by February 2024. These numbers underscore Musk's financial commitment to ensuring his security.
Apart from personal security, Musk has also made investments in other protective measures. For instance, in 2022, he reportedly acquired a new residence to avoid public attention on his previous address. This new property is equipped with 24/7 security, underscoring Musk's proactive stance on safeguarding his privacy and safety.
While Musk is known for his security efforts, he is not the only tech mogul who prioritizes such measures.The importance of security is evident among prominent tech figures, with examples such as Mark Zuckerberg's compensation primarily covering personal security expenses at Meta in 2023. Similarly, Tim Cook's security and private travel costs at Apple were significant, reflecting a broader trend among top executives. Responding to threats, Tesla has strengthened its security measures, such as implementing strict badge checks and addressing reported terroristic threats after a death threat to former CFO Zachary Kirkhorn.
