Elon Musk Net Worth- We discuss here the Elon Musk family, early life, mother, Elon Musk career, earnings, and Elon Musk biography.
This article will go through Elon Musk’s history, including his early years, mother, profession, and fortune. Suppose you are an avid follower of emerging technologies and space exploration. In that case, you may already be familiar with some of the fascinating information about Elon Musk presented in the following paragraphs.
Elon Musk’s birthday is June 28th, 1971, and he was born in the nation of South Africa. Elon Musk presently has citizenship in the countries where he was born, including the United States of America, Canada, and South Africa.
At the age of twelve, Mr. Musk began his education in computer programming. At 14, he sold the source code for a BASIC-based video game he had built called Blastar to a PC and Office Technology publication for roughly five hundred United States dollars. A web version of the game is accessible online.
Elon Musk Birth, Age, And Other Information
|Full Name||Elon Musk|
|Net Worth (2022)||$215 Billion|
|Birth Date||June 28th 1971|
|Birth Place||Pretoria, South Africa|
|Spouse||Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–2008)|
|Children||Nevada Alexander Musk, Griffin Musk, Kai Musk, Damian Musk, Saxon Musk, Xavier Musk|
|Zodiac Sign||Not Known|
|Occupation||Businessmen (CEO of SpaceX)|
|Favourite Song||Not Known|
|Favourite Actor||Not Known|
|Favourite Movie||Not Known|
|Favourite Food||Not Known|
|College / University||Not Known|
|Favourite Color||Not Known|
|Favourite Hobbies||Not Known|
|Favourite Destination||Not Known|
|Favourite Book||Not Known|
Zip 2 was the name of the software firm that he and his brother first established. It performed like that of Google Maps. Musk made a $ 22 million profit from selling zipping 2 to the COMPAQ firm.
Elon Musk made an initial investment of $10 million and was established in 1999. One year later, the firm merged with another one known as Confinity. In subsequent years, it evolved into what is today known as PayPal. Elon Musk’s stake in PayPal was worth $ 165 million when eBay acquired the company in 2002 for a total price of $ 1.5 billion.
In 2008, Musk was promoted to the position of CEO of Tesla. In 2013, the firm became the second most prominent provider of solar power systems in Solar City, USA.
Before selling it all, Elon’s California real estate portfolio was worth $100 million. He still owns a mansion built 100 years ago with 16,000 square feet of living space. It is located on nearly 50 acres in the town of Hillsborough in Northern California. He paid $23.364 million for this home in 2017 when he made the purchase.
In Southern California, he owned six properties in the Bel-Air region of Los Angeles. These residences were located in Los Angeles. His footprint in Bel-Air comprised a 20,000 square foot home that he acquired in 2012 for $17 million, a 7,000 square foot house that he purchased in 2015 for $20 million, and a 9,300 square foot house in 2016 for $24.25 million.
In 2020, Elon surprised the whole world by declaring that he planned to sell all of his goods, beginning with his houses in Los Angeles. Following what he had promised, he sold off each residence. In December 2020, he sold all four places to a single purchaser.
Elon Musk Biography
On June 28th, 1971, Elon Musk was born in Pretoria, South Africa. Musk purchased his first computer at ten and taught himself how to write computer programs. At the age of twelve, he sold his first piece of software, a game he had written named Blaster. He moved to Canada in 1989 when he was 17 years old to attend Queen’s University.
He left Canada in 1992 to attend the University of Pennsylvania and major in business and physics. Musk received his undergraduate degree in economics, acquired a second bachelor’s degree in physics, and then sought a doctorate in energy physics after completing his studies. However, he decided to forego his education at Stanford University to participate in expanding the internet.
He decided to continue his education at The Wharton School of the University of Pennsylvania once per year and earn a Bachelor of Science degree in Economics in addition to the Bachelor of Science degree he had already achieved in Physics the previous year. He earned his Bachelor of Science degree in Physics last year.
Elon Musk made the second and, looking back, the most critical decision of his life during the summer of 1995. After receiving his undergraduate degree from the University of Pennsylvania, he decided to continue his education by enrolling in the graduate program at Stanford University. He plans to major in applied physics and materials science there. Despite this, he dropped out of graduate school after just two days and, together with his brother Kimbal Musk, founded their first information technology firm, Zip2.
The career of Elon Musk
The first firm that Musk founded was called Zip2 Corporation, and it was an online city directory. In 1999, a subsidiary of Compaq Computer paid $307 million in cash and $34 million in stock options to acquire Zip2. This transaction took place. In the same year, 1999, Musk was also a co-founder of online financial services and payments. The following year resulted in the formation of PayPal as it is known today. In 2002, eBay purchased PayPal for $1.5 billion in shares after PayPal had already been created.
Musk established his third firm in 2002 under Space Exploration Technologies Corporation (often known as SpaceX) to develop spaceships for commercial space travel. By 2008, SpaceX had already built a solid reputation, and the United States National Aeronautics and Space Administration (NASA) had granted the business a contract to handle cargo transport for the International Space Station, with plans including astronaut transport.
Following that came Tesla Motors, an automotive manufacturer with the mission of creating electric vehicles accessible to the general public at reasonable prices. In 2003, Martin Eberhard and Marc Tarpenning laid the groundwork for what would become Tesla. The three of them, Elon, Ian Wright, and J.B. Straubel, were the firm’s first employees and were later given the title of co-founder after the fact.
In June of 2010, Tesla Motors went public for the first time, successfully generating a total of $226 million. Before this, Daimler had already purchased a share in the firm and formed a strategic alliance with Toyota. Musk and SpaceX created history in 2012 when they successfully launched an uncrewed spacecraft into orbit atop a Falcon 9 rocket owned by the firm.
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In 2013, he presented an idea for a new mode of transportation that he termed the Hyperloop. This mode of transportation is designed for travel at speeds more than 700 miles per hour and is meant to commute between large cities. As a mode of transportation, tubes would be used by the Hyperloop as an alternative to railways. Musk estimates that the Hyperloop’s construction, testing, and launch could take anywhere from seven to ten years.
Elon Musk Work History and Honors
When this article was written, Elon Musk owned 43% of the rocket manufacturer SpaceX and 24% of Tesla.
In a judicial deposition that took place in 2019, Elon Musk revealed that he is, in fact, relatively cash-poor and that 99% of his fortune can be attributed to shares in Tesla and SpaceX. Musk also said that he does not have any debt. Additionally, the complaint disclosed that Musk receives a basic income of $56,380 from Tesla. In most years, he decides against accepting the compensation.
The debt he owed Morgan Stanley in connection with his home mortgage was approximately sixty million dollars. Since then, he has paid off this mortgage obligation by selling off the majority of his properties. To create SpaceX, he spent all the liquid capital he had earned from his prior company transactions.
In January of 2018, Tesla’s board of directors revealed that Musk would be eligible for a compensation package that would eventually be worth $100 billion. According to the proposal, Musk would have been eligible to collect up to $100 billion in stock options over a decade, distributed in 12 tranches.
When Tesla’s market capitalization reaches $100 billion, the first tranche of option grants will be issued (roughly double the value when the plan was announced). After that point, Elon was entitled to receive one more of the tranches each time the company’s market capitalization increased by $50 billion.
If he did not reach any of the 12 tiers of achievement, he would have been awarded no reward. As Tesla’s market valuation finally soared past $1 trillion for the first time in October 2021, Elon Musk was eventually able to unlock all 12 tiers of the compensation plan within only three years.
|Estimated Net Worth||215 Billion USD (21500 crores USD)|
|Annual Income||2400 Million USD|
|Personal Investments||11.6 Million USD|
|Luxury Cars||21.8 Million USD|
Elon Musk Gross Value
Elon Musk is a successful businessman, entrepreneur, and investor born in South Africa and now resides in Canada and the United States. The total amount of wealth that Elon Musk has is 240 billion dollars. Even though he is responsible for many different things and is always working on something new, he is most well-known for his roles as CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, and chairman of SolarCity at present. He now holds the title of the wealthiest person in the world and the richest individual in the history of the modern era.
As of this writing, Elon Musk controls around 43% of privately owned SpaceX and approximately 24% of Tesla’s outstanding shares. In October of 2021, Tesla’s market valuation became the first in the world to surpass $1 trillion. During the same month, SpaceX successfully raised money at a value of $100 billion. At this moment, Elon’s net worth came dangerously close to passing the $300 billion mark for the first time.
Elon has been married three times, both times to the same lady, who is an actress named Talulah Riley. Between 2000 and 2008, he married the Canadian novelist Justine Wilson. They have five boys between them. In addition, he has been romantically linked to the actress Amber Heard and the Canadian singer Grimes. Grimes and Elon became parents to a son in May of 2020, and they called him X A-Xii. In December of 2021, they became the proud parents of a second child born via surrogacy.
In the latter part of 2021, Elon became the proud parent of a pair of twins born to one of his Neuralink executives. When this article was written, he was a father to ten children.
It was rumoured in July 2022 that Elon Musk had an affair with Sergey Brin’s wife, also the co-founder of Google, in December 2021. As a result of the experience, Sergey initiated divorce proceedings against his wife of four years, Nicole Shanahan. Unfortunately, Sergey had been for a long time one of Musk’s most ardent fans. He took an investment position in some of Musk’s firms, including being one of the company’s first investors.