Elon Musk Net Worth: Elon Musk is a Canadian-American business tycoon, businessman, engineer, and inventor born in South Africa. Musk is the founder, CEO, and CTO of SpaceX, the CEO of Tesla Inc., the co-chairman of OpenAI, and the founder and CEO of Neuralink.
He is also a part of numerous successful startups. Most people know that Elon’s initial success came from creating PayPal, which is now among the most widely used payment channels online.
Elon Musk Biography
Elon Musk was born in Pretoria, South Africa, on June 28, 1971. Musk purchased his first computer at ten years old and taught himself how to program. While he was 12, he sold his first software of software, a game called Blaster.
He moved to Canada at 17 to attend Queen’s University, but he left in 1992 to study business & physics at the University of Pennsylvania. Musk earned an economics undergraduate degree before making a second bachelor’s degree in physics and a Ph.D. in energy physics. However, he dropped out of Stanford University to join the internet boom.
Elon Musk Net Worth
Elon Musk has a $228 billion net worth. Elon Musk is now most recognized for being the CEO and CTO of SpaceX, CEO & chief product architect of Tesla Motors, and chairman of SolarCity. However, he wears multiple jobs and is always announcing his newest endeavor. He currently holds the title of the wealthiest individual in the world and contemporary history.
Elon Musk now controls 43% of privately owned SpaceX and around 24% of the outstanding shares of Tesla. Tesla’s market capitalization first surpassed $1 trillion in October 2021. In the same month, SpaceX raised funds valued at $100 billion. Elon’s net worth was now hovering over $300 billion for the first time.
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Elon Musk Net Worth 2020
Elon has a $28 billion net worth as of January 1, 2020. He had a $170 billion net worth at the end of 2020. On July 10, 2020, Elon’s net worth surpassed $70 billion for the first time. At that time, SpaceX, a privately held company, was responsible for around $15 billion, while Tesla was responsible for the remaining $55 billion.
When Elon’s net worth reached $80 billion for the first time on July 13, 2020, $65 billion from Tesla and $15 billion from SpaceX contributed.
Elon’s net worth crossed the $90 billion mark in August 2020 due to two significant events. First, in mid-August, shares of Tesla reached a record high of $1,900. The company’s market capitalization was $350 billion at that point. Elon owned a 20% share, valued at $70 billion.
The second element was a rise in SpaceX’s value, formally acknowledged on August 18, 2020. SpaceX’s private value grew from $36 billion to $46 billion following the investment round. Elon’s 48% ownership increases his net worth by $22 billion before taxes at a $46 billion value.
Elon’s net worth surpassed $100 billion for the first time on November 17, 2020. He overtook Mark Zuckerberg then and, for the first time, moved up to third place in terms of global wealth.
Elon’s net worth surpassed $128 billion for the first time on November 24, 2020. He overtook Bill Gates at that moment to go up to the second-richest position in the world. On that day, his net worth had formally climbed by $100 billion since January 1, 2020, and he was $54 billion short of Jeff Bezos’ $184 billion wealth.
Elon Musk Net Worth 2021
Elon reached a net worth of $195 billion on January 7, 2021. For the first time, Elon surpassed Jeff Bezos as the wealthiest man in the world today.
On January 8, 2021, Elon had a $170 billion beginning value for the week and a $210 billion ending value. Elon’s net wealth was $300 billion in October 2021, when Tesla’s market cap exceeded $1 trillion and SpaceX was valued at $100 billion.
Elon Musk’s net worth was $335 billion on November 1, 2021, when Tesla’s market valuation surpassed $1.2 trillion.
Tesla Salary
Tesla’s CEO, Elon, does not get a salary. Instead, he has a highly unorthodox compensation program directly correlated to the company’s market valuation goals. At the time the proposal was hatched, Tesla’s value was roughly $50 billion. Based on rises in the market worth $50 billion, there are 12 total milestones.
Elon achieved all single goals, making him eligible to collect the $100 billion from the incentive scheme. Quarterly following the Board of Directors’ confirmation that the milestone was reached, shares under this plan are issued.
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Elon Musk Real Estate Holdings
Elon once owned property worth $100 million in only California. He still owns a 16,000-square-foot mansion in Hillsborough, a hamlet in Northern California, that is 100 years old and situated on about 50 acres. He paid $23.364 million for this home in 2017.
In the Bel-Air region of Los Angeles, he once had six properties in Southern California. He acquired a 20,000-square-foot home for $17 million in 2012, a 7,000-square-foot home for $20 million in 2015, and a 9,300-square-foot home for $24.25 million in 2016, which made up his Bel-Air real estate holdings.
Elon shocked the world in 2020 after he declared his desire to sell everything, starting with his houses in Los Angeles. He carried out his promise to sell off each house. In December 2020, he sold four homes simultaneously to a single buyer.
Elon Musk Career
Elon and his brother Kimbal launched Zip2 when Elon left Stanford University to pursue business. A web software business called Zip2 created and sold an online “city guide” for the newspaper publishing sector. The company signed contracts with publications like The New York Times and the Chicago Tribune before being eventually sold to Compaq for $307 million.
Musk started the email payment business X.com with the $22 million he now had from the sale of Zip2. This later changed when X.com and Confinity merged to form the infamous PayPal. As the largest provider of online payment services, PayPal was purchased by eBay for $1.5 billion in shares. Musk had just gained $165 million.
Elon Musk started investing in Tesla, founding SpaceX, and Solar City at this point to pursue his passion for improving and changing the world. Musk’s sudden increase in net worth results from the success of these three businesses, which is increasing month over month.
SpaceX is developing space technology and working to tenfold the cost of human spaceflight. Tesla is committed to resolving the automotive industry’s crisis with fossil fuels by creating reasonably priced and aesthetically pleasing electric vehicles. The second-largest supplier of solar power systems in the US is Solar City.
Tesla Compensation Plan
The Tesla board presented a compensation package for Musk in January 2018 that would ultimately be worth $100 billion. Musk was expected to collect up to $100 billion in stock options over ten years in 12 tranches, according to the plan.
Once Tesla’s market capitalization reaches $100 billion, the first batch of votes will be given (roughly double the value when the project was announced). Elon began to get another of the tranches each time the company’s market valuation rose by $50 billion after that.
He would only have gotten compensation if he had completed all of the 12 tranches. As Tesla’s market valuation eventually soars past $1 trillion for the first time in Oct 2021, Elon was able to unlock all 12 tranches of the incentive plan within three years.
Elon Musk Twitter
Elon Musk officially bought Twitter for $44 billion last month after much criticism. According to estimates, Musk’s attempt to purchase the social media network cost him an estimated $33 billion in valuation. Musk sold $15.3 billion worth of Tesla stock to pay for his purchase of Twitter: $8.4 billion in April and $6.9 billion in August.
Elon Musk Personal Life
Elon has had three marriages, two of which were to Talulah Riley, an actress. From 2000 to 2008, he was wed to Canadian writer Justine Wilson. They have five boys together. He also shared a romantic relationship with Canadian singer Grimes and actress Amber Heard. Grimes and Elon have a child called X A-Xii in May 2020. In December 2021, they had a second child via surrogacy.
Elon ALSO received a set of twins born to one of his Neuralink employees at some time in late 2021. He currently has ten kids in all as of this writing. Elon Musk allegedly had an affair with Sergey Brin’s wife in December 2021, according to a report from July 2022. According to reports, Sergey’s four-year wife, Nicole Shanahan, and he filed for divorce as a result of the affair. Unfortunately, Sergey has long been one of Musk’s staunchest backers. He invested in some Musk firms and was among the first to back Tesla.
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Top 10 Unknown Elon Musk Facts
- He nearly sold Google his Tesla.
- He ceased attending Stanford.
- He has a James Bond vehicle.
- He has a lot of children.
- He has appeared in cameos in both cinema and television.
- Tony Stark found inspiration in him.
- He is South African.
- He is the wealthiest man in the world.
- He did not establish Tesla.
- He founded SpaceX with PayPal money.
What is Elon Musk Age?
Elon Musk was born on June 28, 1971.
How Tall Is Elon Musk?
Elon Musk Height is 1.88 m, which is equal to 6 ft 2 inch.
Who is Elon Musk Wife?
Riley and Musk are most famous for getting married and divorced twice, and now they are officially divorced.
Who is Elon Musk Father?
Elon Musk Father’s name is Errol Musk.
