Elon Musk, Tesla CEO and SpaceX Chief Executive Officer, has also sold 934,090 more shares or approximately $1.02 Billion worth of his holdings in the electric car business and solar company according to Bloomberg. financial filingsPublished Tuesday night.

Musk has also used options to acquire nearly 1.6 million shares TeslaShares at $6.24 per strike, which he was awarded as part of 2012’s compensation package.

Musk increased Tesla’s stockholdings by more than 170.5million shares this quarter after he exercised his options, according the Wall Street Journal. first reported.

Musk is on a sales spree since Nov. 8, partly to help pay the tax bills.

His celeb-CEO was surveyed tens of millions of Twitter followers in the first week of November asking if he should sell 10% of his stake in Tesla. They voted “yes”. Musk’s September 2012 plan was responsible for a large portion of sales following the Twitter poll.

Unter 10b5-1 rules,Insiders of corporations, such as CEOs and CFOs can trade equity within a portfolio management plan. In order to avoid any accusations of insider trade, they will need to declare when and how they will trade.

Tesla shares rose more than 54% this year making Musk the richest person in the world. Forbes has estimated that his net worth stands at $275 billion.

Musk’s stake in SpaceX, Tesla, and other companies is what gives him this wealth. He does not receive any salary, cash bonuses or a regular income. Instead, he had taken out large loans to protect a part of his Tesla shares.

Musk has never had to pay a lot of taxes in relation to his net worth because they only tax income and stock after it’s sold. ProPublicaPrevious reports.

This month was earlier. Sen. Elizabeth WarrenD-Mass. tweets that Musk is “freeloading off everyone else,” since he didn’t pay federal income taxes in 2018.

Musk will now have to pay the most significant single tax bill in American history. Federal and California income taxes are expected to exceed $11 billion. This tax bill will require Musk to make payment to get compensation in stock options, which would otherwise expire on August 31st.

The centibillionaire talked about his riches and tax strategies during a string of December press interviews, which included interview with Time Magazine and the Financial Times.

Elon Musk met with conservative satire sites to round out his year-end publicity. The Babylon BeeLast Tuesday of the week. During that interviewHe stated, “I was able to sell enough stock to reach around 10% and the option exercise stuff. And I tried to be very exact here.”

Musk confirmed the statement on Twitter that day, “This assumes completion for the 10b sales.” He also stated, “When 10b preprogrammed sale complete. A few tranches are left but the rest is almost finished,” a follow-up tweet said.

According to some estimates Musk has over a million shares left to sell in order to achieve his November goal of 10%, which is around 17,000,000 shares. Tesla has not responded to our request for information or clarification about how much he will sell to achieve that goal.

— Reporting by Robert Frank and Thomas Franck of CNBC