Figure for world’s richest person and Tesla CEO could be a record for a single person

Elon Musk, the world’s richest person and the chief executive of the electric car company Tesla, has said he will pay more than $11bn in tax this year – which could be a record amount of annual tax paid by a single person.

Musk, who was earlier this year accused of paying zero federal taxes in 2018 despite sitting on an estimated $243bn (£184bn), said he would pay the unusually high tax bill this year after the sale of millions of Tesla shares.

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Source: The Guardian