Elon Musk Net Worth
Elon Musk Net Worth
Updated on November 05, 2022 14:38 PM by Michael Davis
Name: Elon Reeve Musk
Date of Birth: June 28, 1971
Age: 51
Height: 6 ft 2 in
Weight: 181 lb
Profession: Entrepreneur
Nationality: South American
Net Worth: $204 Billion
Elon Musk is an Engineer, business magnate and investor in South America. He became part of several successful startups, known as the founder, CTO and CEO of SpaceX, Co-chairman of OpenAI and the CEO of Tesla Inc. Many people know his original feat from PayPal, which is known as the most frequently used payment pathway over the internet.
Early Life
In Pretoria, South Africa, Elon was born on 28th June 1971. His father was an Engineer in South Africa, and his mother was a model in Canada. Elon has two young siblings, namely Tosca and Kimbal. He had a passion for computers. At age 10, he purchased his first computer and taught himself how to do the program.
As time passed, he created his first software game called "Blaster" when he was 12. In 1989, he shifted to Canada to attend classes at Queen’s University. He went away in 1992 to study physics and business at the University of Pennsylvania.
He gained a graduation degree in Economics and hence, continued to earn another bachelor's degree in Physics. After that, he holds a PhD degree in Energy Physics. To become a chunk of the internet boom, he dropped out of Stanford University and started earning big popularity.
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Professional Career
When he dropped out of Stanford University to carry on entrepreneurship, Musk and his younger brother Kimbal discovered Zip2. It was a website software company which marketed and developed a “city guide” to publish in the Newspaper industry. This company got agreements with The New York Times and Chicago Tribune and sold for $307 million to Compaq.
From a dollar of 22 million to the sale of Zip2, Elon discovered X.com, an E-mail payment company. Later on, this became the famous PayPal which emerged with Confinity. PayPal became the major online payment transfer company which was acquired for $1.5 billion by eBay. As of now, Elon is richer by $165 million. This was when Elon started to continue his craving to advance and change the world for the better with financing from Tesla and founding Solar City and SpaceX.
The feat of these three kinds of companies is a flourishing month by month and is solely responsible for Elon's rapid jump in net value. By 2020, his net worth was approximately $198 Billion.
Personal Life
Elon musk was married three times, out of which he tied the knot twice to the same woman, an actress named Talulah Riley. From 2000 to 2008, he espoused a Canadian author called Justine Wilson. Both of them share their five sons. Alongside, he was tenderly involved with the artist Amber Heard and a Canadian musician named Grimes.
Elon and Grimes welcomed a boy in May 2020 whose name was XAE A-Xii. Afterwards, they welcomed their second kid through surrogacy in December 2021.
In later 2021, Musk also welcomed a series of twins; one is a Neuralink executive. He has a total of 10 kids, as per the sources.
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Elon musk has a brilliant and shining career. He owns 24% out of outstanding Tesla shares and 43% in privately held SpaceX. In October 2021, Tesla broke $1 trillion for the first time, and in the same month, SpaceX found money for a $100 billion estimation. This time, Elon has a net worth of around $300 billion.
Though he is a wealthy and reputed name in the world, as a concise, his income comes from:Investing as an Entrepreneur, Aerospace Engineer, Businessperson, Film producer and Designer.Attending TV shows.
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Elon Musk sold Zip2 to Compaq for around $307 million in 1999.
Created a site of X.com, which afterwards came into PayPal in 1999.
Founded SpaceX9 in 2002.
Became the CEO of Tesla in 2008.
Launched The SpaceX Falcon Heavy Rocket in 2018.
FAQ’s
Q: What Is the Net Worth of Elon Musk?
A: Elon Musk’s net worth is valued at $198 Billion as per recent records.
Q: Currently, how old is Musk?
A: He is 51 years old, per his birth date of 28th June 1971.
Q: What makes Elon Musk special?
A: The current richest person in the world is Elon Musk, a tech millionaire who built SpaceX, was the principal investor in Tesla when it initially started and co-founded the original PayPal. Elon Musk shot to the top of that list in just three years.
Q: Why is Elon Musk so rich and powerful?
A: After joining the exclusive club in 2012, Elon Musk quickly rose to the top of the list; nine years later. His wealth is primarily derived from his shares in the electric automobile company Tesla, where he serves as CEO.
Q: What led Elon Musk to start?
A: Mr Musk, born in South Africa, started selling handcrafted Easter eggs door to door with his brother early and created his first computer game at 12.
Q: What is Elon Musk's secret to success?
A: Elon has a sharp mind and moves quickly. He likes to implement plans as soon as feasible and is very action-oriented. He is a multi-tasker who plans numerous actions as he anticipates happening things that can be done. Elon thinks that by working quickly, a lot of information can be digested at once.