Elon Musk is the wealthiest person on the planet — and that comes with a large tax bill this year. The Tesla Inc. CEO told his 67.1 million Twitter followers on Sunday that he expects to pay

a massive tax bill for 2021. "For those wondering, I will pay over $11 billion in taxes this year," Musk wrote. The tweet has earned more than 490,000 likes and 48,000 retweets as

of Monday. Musk did not offer any other insight into his finances. A representative for Musk did not immediately return PEOPLE's request for comment. The announcement comes a week

after Sen. Elizabeth Warren of Massachusetts criticized Musk —who is also head of the aerospace manufacturing company SpaceX — after he was named _Time's_ Person of the Year.

once," before adding, "oh wait you did already." According to _Forbes_, Musk is the wealthiest person in the world thanks to a net worth of $236.8 billion as of Monday

afternoon. That makes him $43 billion richer than Amazon founder Jeff Bezos, is No. 2 on the list with $193 billion. Warren's criticism of Musk likely stems from a ProPublica report in

June that alleged Musk paid no federal income taxes in 2018 and only paid $455 million in taxes from 2014 to 2018 despite his wealth growing by nearly $14 billion during that period. RELATED

VIDEO: ELON MUSK AND GRIMES SPLIT AFTER 3 YEARS: 'WE ARE SEMI-SEPARATED BUT STILL LOVE EACH OTHER' According to CNBC's Robert Frank, Musk has already paid $7 billion in taxes

in 2021 due to an options package he has worth $25 billion. Frank said Musk did not pay any federal income tax in 2018 because he does not take a salary and instead borrows against his

shares.