In a surprising turn of events resembling a high-stakes spy thriller, Elon Musk, the richest person in the world, goes by the alias "Voyager" among his security team. This revelation, uncovered in a report by The New York Times, offers insights into the extensive security measures Musk implements due to his immense wealth and public visibility.
Over time, Elon Musk's strategy for personal security has undergone significant changes. While he was initially known for leading a modest lifestyle with minimal security, by 2014, as his wealth and influence grew, he adopted a more stringent security plan. This new approach included a rotating group of up to 20 security personnel, some armed, as well as a medical professional, whose primary responsibility is to protect Musk and address potential threats. This heightened security presence mirrors Musk's increased risk exposure as the CEO of Tesla and SpaceX, and the wealthiest individual globally, with a net worth surpassing $250 billion.
The expenses associated with safeguarding Elon Musk are considerable. Records indicate that in January 2016 alone, Musk's security costs exceeded $163,000. Recent reports reveal substantial security spending, with Tesla's SEC filings showing that Musk's security firm billed $2.4 million in 2023, along with an additional $500,000 through February 2024. These figures underscore Musk's financial dedication to ensuring his safety.
Furthermore, Musk has made investments in additional protective measures. For instance, in 2022, he reportedly acquired a new residence to avoid public scrutiny of his previous address. The new property boasts round-the-clock security, underscoring Musk's proactive stance on safeguarding his privacy and safety.
When compared to other tech magnates, Musk is not the only one who places a high priority on security measures.Security expenses were a significant component of Mark Zuckerberg's compensation from Meta in 2023. Similarly, Apple allocated substantial funds for CEO Tim Cook's personal security and private travel costs, following a larger pattern seen among top executives. Tesla also enhanced its security procedures in light of threats, such as implementing stricter badge checks and addressing reported terroristic threats after a death threat against former CFO Zachary Kirkhorn.
