"For those wondering, I will pay over $11 billion in taxes this year", Musk said on Twitter.
His statement follows US Senator Elizabeth Warren (D-MA), a long-time advocate for raising taxes on the rich by taxing their overall assets, saying on Twitter last week that the tax code must change so that the "Person of the Year will actually pay taxes and stop freeloading off everyone else".
In an immediate reply to Warren, Musk noted that he would pay "more taxes than any American in history this year".
According to Forbes' real-time billionaires list, Musk comes is in first place surpassing Amazon founder Jeff Bezos with a net worth of $244.2 billion as of Monday. On 13 December, Time magazine named Musk "Person of the Year 2021".