Elon Musk’s Interest in Buying Liverpool FC Sparks Speculation on His Net Worth
Rumours are swirling around the potential acquisition of Liverpool FC by tech magnate Elon Musk, a move that could see the club become one of the wealthiest in the world given Musk’s staggering net worth. The speculation gained traction after Errol Musk, father of Tesla and SpaceX’s CEO, hinted at his son’s interest in purchasing the Reds from Fenway Sports Group (FSG). While speaking to Times Radio about the prospect of Elon taking over at Anfield, Errol remained cryptic, stating, “I can’t comment on that. They’ll raise the price.” However, he did admit, “Oh, yes. But that doesn’t mean he’s buying it. He would like to, yes, obviously. Anybody would want to, so would I.”
Despite the excitement surrounding a potential move by Musk, the likelihood of FSG relinquishing control of the Premier League giants appears slim at the moment. Errol did divulge a personal connection to Liverpool, mentioning, “His grandmother was born in Liverpool, and we have relatives in Liverpool.” He added, “We were fortunate to know quite a lot of The Beatles because they grew up with some of my family. So, we are attached to Liverpool, you know.” Musk’s financial capacity to undertake such a venture is undeniable. Often touted as the richest person globally, Forbes pegs his fortune at a staggering £344.7 billion ($415.8 billion).
In 2022, Musk made headlines by acquiring social media platform Twitter, now rebranded as ‘X,’ for a noteworthy £35.3 billion. While buying a football club would be a relatively cheaper endeavour, it’s believed that delving into the realm of sports may not be a priority for Musk, who has recently been appointed co-lead of President-elect Donald Trump’s new ‘Department of Government Efficiency.’ Musk’s journey to amassing such immense wealth can be traced back to his early years. Born into affluence in 1971, the mogul displayed an early interest in technology and innovation, prompting him to move to the U.S. at 17 to attend university. Alongside his brother, Kimbal, Musk founded Zip2 Corporation in 1995, which they later sold for £225 million in 1999.
Utilising the proceeds from the Zip2 sale, the Musk brothers established online banking service X.com. Following a merger with cash transfer service PayPal, Musk crossed the billion-dollar mark when X.com was purchased by eBay for a hefty £1.5 billion in 2002. As PayPal’s largest shareholder with an 11.7% stake, Musk pocketed £142 million. He is predominantly associated with his ventures Tesla and SpaceX, founding the latter in 2002 and joining the former in 2004. By 2008, SpaceX had secured a contract from NASA to oversee cargo transport for the International Space Station, potentially replacing NASA’s space shuttle missions in the future. SpaceX is currently estimated to be valued at around £350 billion.
However, this valuation is overshadowed by Tesla’s immense worth, with a market capitalisation of a jaw-dropping £1.023 trillion as of January 2025, ranking it as the world’s 8th most valuable company. Tesla’s shares surged by nearly 70% in 2024 and have since seen continuous growth, partly attributed to Musk’s active campaigning during the U.S. election that saw Trump return to office. Bloomberg reports a 77% increase in Musk’s net worth since Trump’s re-election in November, making him the first individual to exceed the $400 billion threshold.
In conclusion, while the prospects of Elon Musk acquiring Liverpool FC appear uncertain, his vast wealth and entrepreneurial history make the notion not entirely far-fetched. With his numerous successful ventures in the tech and business world, Musk’s potential involvement in the realm of professional sports remains a topic of great intrigue and speculation.