Everything We Know About the Ever-increasing Net Worth of Elon Musk?
Business tycoon and investor Elon Musk is the wealthiest person in the world. And now he is on a track to becoming the first trillionaire. Elon Musk net worth is around $240 billion as of now which is really incredible.
Elon Musk is born in South Africa and he is a Canadian American businessman, investor and inventor. Though he has plenty of businesses currently he is well known as CEO and CTO of SpaceX and Chief product architect at Tesla Motors and also he is a chairman of SolarCity.
He owns the record of being the richest man in the world and also the richest person in modern history. As of now, Elon owns 24% of Tesla’s shares and 43% of privately held SpaceX. Tesla’s market cap broke up to $1 billion for the first time in October 2021.
Elon owns a net worth of billions as well as he has the acquisition of strategic companies and pioneering game changers in the world. He made really innovative stuff for this modern era.
Musk has resided behind all the top people like Bill Gates, Warren Buffet, Mark Zuckerberg and Jeff Bezos in the list of billionaires. Elon Musk’s net worth is $223 billion.
From recently having a twin with Shivon Zills to high profile Twitter takeover bid, Musk is no more stranger to being in headlines all the time.
What Early Life of Elon Musk?
Elon Musk was born on 28th June 1971 in Pretoria, South Africa. He made video games at the age of 12. When he grew up he got a Canadian passport and left South Africa in 1988. He left South Africa because he wanted to seize opportunities in the West.
Elon joined Queen’s University in Ontario but eventually, he moved to the University of Pennsylvania in 1992 for studying physics and economics. Musk then went to Stanford University to study physics.
Musk founded Zip2 in 1995 which aided digital newspapers with maps and directories. After four years his company was acquired by computer manufacturer Compaq for about $307 million.
Then he went on to make financial services and online payment system company X.com which was later known as PayPal. In 2002, PayPal was sold to eBay which is an American e-commerce company and at that time it was sold at $1.5 billion.
Then there was no looking back for Elon Must. He did not stop after this. An entire world is now witnessed today for his immense dedication and hard work. So now his hard work paid off and we can see his huge net worth.
What About Elon Musk’s Personal Life?
Currently, Elon holds American, Canadian and African citizenship. Musk has been married and divorced three times. Once he married author Justine Wilson and a couple of times to actress Talulah Riley.
Musk has ten children from his three-time relationships which include pair of twins, a set of triplets and a late son. His one son passed away tragically on 10 weeks old.
He has two kids with his first wife Justine Wilson. One via surrogacy with Canadian Musician Grimes whom he dated on and off from 2018 to 2022. Musk recently has a set of twins with Shivon Zills who is an executive at his artificial intelligence company Neuralink.
Shivon Zills graduated from Yale University and worked in several well-known companies like IBM and Bloomberg Beta. She also has plenty of experience in artificial intelligence.
Elon Musk’s father is an electromechanical engineer. He is also rumoured to own an emerald mine in Zambia. Musk’s mother is a model and dietician.
What is the Tale Regarding Tesla?
The luxury electric vehicle company is most observed after car manufacturers were known for making cars with high speed, features and elegance. Tesla Motors is now Tesla, Inc., was formerly founded by Martin Eberhard and Marc Tarpenning in 2003.
In 2004, Elon Musk came on board as a major funder and take over the company in 2008 and became chairman now. Tesla helped to increase Elon Musk net worth at this stage and made him billionaire.
But in the same year, Tesla was facing bankruptcy so Elon Musk got a new lease with a $40 million lifeline fund from investors and his personal wealth. Then he took over the role of Tesla’s CEO.
This remarkable car maker made the world’s first-ever electric, a zero-emission sports car which is Roadster in 2008.
In 2010, the carmaker earned about $226 million through an initial public offering. Soon he launched the world’s first premium fully electric sedan which is called Model S.
Tesla Started production of the less expensive electric car in 2017 and is Model 3. It became one of the best-selling electric cars in Tesla all the time.
As per the reports of Forbes, Elon Musk owns about 25% of the shares and options of Tesla till 28th June 2022. And so it makes a major clunk in his net worth.
What is Tesla’s Compensation Plan?
Tesla Board has introduced a unique and highly impressive compensation plan which will eventually come up to $ 100 billion for Elon in 2018. As per this plan Musk will receive $100 billion worth of stock options for ten years in money portion. Check out the commercial of Tesla Car in below video.
What About Elon’s Real Estate?
Musk once boasted of $100 million worth of real estate in California itself. He owns six lavish homes in Los Angeles Bel-Air neighbourhood. His property consists of a 20,000 sq ft house which he bought for $17 million in 2012. He purchased another 7000 sq ft house for $20 million in 2015 and a 9300 sq ft villa for $24.25 million in 2016.
But due to a shocking turn of events, he announced to sell all his properties and so he kept his word by selling all four properties in December 2020.
These assets does count most to raise Elon Musk net worth at this peak.
Frequently Asked Questions
What is Elon Musk’s Other Business and Properties?
Musk also owns plenty of his net worth to other businesses and ventures. Musk founded The Boring Company in 2016 which aims to build world-class tunnels for cities. They also facilitate smooth high-speed travel underground.
Another well-known Musk startup is Neuralink Corp. It is an artificial intelligence company which merges the human brain with artificial technology.
So basically all these amazing and innovative business ventures which are useful to define the future make up the important position of Elon Musk net worth. No doubt Elon Musk is one of the most talented businessman of this era. His success and innovations incredibly motivates young generation.