Elon Musk net worth
Current Net Worth – $207.3 Billion (USD – 2,073 Crores), (Rupees – 16.1 Lakh Crores)
Elon Musk short biography:
|Net Worth||$207.3 Billion|
|Born||June 28, 1971 (Age – 49)|
|Identified by||Founder, CEO, the lead engineer of SpaceX,|
CEO, product designer of Tesla, Inc.,
Founder of The Boring Company and X.com (currently PayPal),
Co-founder of Zip 2, Neuralink, & Open AI, &
Chairman of SolarCity
|Status||Entrepreneur, Business magnate, Film producer, Engineer, & Industrial Architect|
(no degree), University of Pennsylvania
(BS and BA, 1997)
|Residence||South Africa (1971-current), United States (2000-current), Canada (1971-current)|
|Spousal Status||Married (Justine Wilson)|
(m. 2000; div. 2008)
(m. 2010; div. 2012)(m. 2013; div. 2016)
Elon Reeve Musk has a net worth of $207.3 Billion (Rupees – 16,13,179 Crores), making him one of the top 3 richest people globally.
He is the reputable founder, chief designer, CEO, and CTO of SpaceX; early investor, product designer, and CEO of Tesla Inc.; Founder of The Boring Company; co-founder of Neuralink; and primary co-chairman, and co-founder of OpenAI.
As of January 2021, Musk’s total net worth was valued at $155.6 billion by Forbes, making him the second richest person in the world after Jeff Bezos.
Elon Musk owns around 48% stack of the intimately organized SpaceX and 20% of Tesla’s signature shares.
Reputed business consultant Dr. Vivek Bindra on Elon Musk
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Elon Musk biography
|Full Name||Elon Reeve Musk|
|Birthplace||Pretoria, Transvaal, South Africa|
|Height||5.11 feet, 180 cm|
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa.
He was born to his father Errol Musk is a sailor, pilot, and electromechanical engineer, while his mother Maye Musk born in Saskatchewan, Canada, is a dietitian and Canadian-South African model.
He is an industrial designer, engineer, and South African business magnate.
Elon Musk social media handle:
With https://t.co/45B5nUBaxb & Powerwall battery you are your own utility.
24/7 clean, sustainable electricity. https://t.co/tqAxQMSuBD
— Elon Musk (@elonmusk) October 1, 2021
He quickly went to the University of Pretoria when he was just 17 to go to Queen’s University.
Musk entered Queen’s University in 1989, by preventing compulsory duty in the South African military.
He left economics and physics studies in 1992 at the University of Pennsylvania.
He used to move to California in 1995 to start a Ph.D. in applied physical science and material sciences at Stanford University, however, exited the following two days to seek a business career.
In 1997, he got double 4 years certifications, a Bachelor of Science (BS) certificate in economics from the Wharton School, and a Bachelor of Arts (BA) degree too in physics from the College of Arts and Science.
He helped to establish Zip2, a web programming organization, which was acquired by Compaq for $307 million in 1999.
Musk established X.com, an online banking startup. It converged within 2000, which had dispatched PayPal the earlier year and was accordingly purchased by eBay for $1.5 billion in October 2002.
Then in May 2002, Musk established SpaceX, an aerospace development company, and space transport administration organization, of which he is CEO and leading engineer.
He joined Tesla Motors, Inc. (presently Tesla, Inc.), an electric vehicle producer, in 2004, and in 2006, he made SolarCity, a sunlight-based energy administration organization (presently an additional of Tesla).
The year after Tesla was established, Elon turned into its item modeler that year and its CEO in 2008.
Notwithstanding his essential business pursuits, he imagined an open-source rapid transportation framework known as the Hyperloop based on the idea of a vactrain, first Hyperloop was publicly mentioned in 2012.
In 2015, he helped to establish OpenAI, a philanthropic think-tank that expects to advance neighborly man-made consciousness.
In July 2016, he helped to establish Neuralink, a neurotechnology organization that is directed at creating brain-computer interfaces.
In December 2016, Musk established “The Boring Company”; a subway and infrastructure development organization concentrated on subway upgrades for electric vehicles.
Private & early life
When his parents separated in 1980, Musk lived generally with his dad in the suburbs of Pretoria, a decision he made 2 years after his parents separated, which is considered the terrible decision of his life
After some time Musk has become distanced from his father. He also has a half-sister and a half-brother on his father’s side.
His younger brother Kimbal was born on September 20, 1972, and was an initial business partner of Musk.
Sister, Tosca was born on July 20, 1974 (age 46), and the CEO of “Passionflix” an video streaming site.
Elon Musk success story
He previously upheld Bill Gates on the richest billionaires list and the gap between the two entrepreneurs will likely remain to grow.
Gates intends to give away all his money and Tesla’s stock price keeps rising, so Musk has likely passed Gates for good.
Musk is so wealthy that when he expends 1.35 million dollars, it’s like a normal person expending a dollar.
What do you think, Could Musk pass Jeff Bezos and become the richest person in the world?
It seems to be held that Elon can accomplish the 1st richest person in the world standpoint.
He is a lot richer today than he was just a year ago.
The vast majority of Elon Musk’s net worth is tied to the price of Tesla’s stock and the company’s meteoric rise in the stock market has allowed Musk to become richer than Warren Buffett, Mark Zuckerberg even Bill Gates.
In December 2019, Musk was worth a measly 26 billion dollars that’s it today he’s worth about 175 billion dollars according to Bloomberg Billionaires Index, although his net worth fluctuates by billions daily.
He is overtaking Bill Gates to become the 2nd richest person in the world, it is big news but it’s not surprising.
In May 2019, Musk himself predicted that Tesla would eventually become a 500 billion company, thanks to autonomous self-driving cars.
Tesla’s market cap at the time was about 45 billion. Investors are likely in the beta version of Tesla’s fully self-driving system because the company now has a market cap of about 550 billion if Tesla is already worth more than 500 billion.
How much will the company be worth when self-driving cars finally hit the market?
He spent 100 million dollars to found SpaceX in 2002 and today his stake in the company is worth about 15.3 billion dollars.
Experts predict that SpaceX could soon be worth as much as 100 billion dollars.
Thanks to Starlink which is the company’s groundbreaking satellite internet constellation.
Musk has also invested 100 million of his own money into his neurotech company Neuralink to develop an implantable brain-machine interface.
Scary! The Boring Company may be musk’s least interesting company.
It did start as a joke however Elon envisions a future where underground tunnels will be filled with vacuum tube trains and autonomous electric vehicles, that’s why he’s investing a lot of his own money into The Boring Company too.
In, 2018 Musk contributed roughly 90% of the 112.5 million dollars raised by the company that year.
Most billionaires focus on one major company but musk has his fingers in many pies.
Musk is even becoming a minimalist to fund all of his extraordinary business ventures.
Last year he said he plans to sell most of his possessions and then proceeded to put all of his real estate holdings on the market.
Musk owns numerous mansions but he wants to sell them all and instead rent a small house in Los Angeles.
This is a huge 180 because just a few years ago he was buying up all the mansions around him so he could have more privacy.
At the time of his unbelievable declaration, he owned at least seven mansions worth about 100 million dollars.
Total Musk recently sold his seven-bed eleven bath mansion in bel air to tech billionaire Ding Lay for 29 million dollars.
He still has more mansions to sell but it’s only a matter of time until musk completely liquidates his real estate portfolio.
Musk’s girlfriend grimes was none too pleased with his decision to sell all of his mansions.
The couple just welcomed a new baby into the world so he should probably think about keeping at least one of his luxurious homes.
Musk may not need a place to stay, he has famously been known to sleep on the floor at tesla factories, but his family needs a place to live.
How rich is Elon Musk?
Just how rich is Elon Musk exactly, let’s put things into perspective the median US net worth is about $97,300.
Divided $131.7 billion by 97,300 and you get approximately $1,353,545 which means that musk spending 1.35 million is like the average American spending a dollar.
Musk is so rich that he’s worth more than multiple major American companies.
His net worth is higher than the $121.01 billion market cap of Starbucks.
His net worth is higher than Citigroup’s market cap of 114.65 billion and wells Fargo’s market cap of 113.08 billion.
Now it’s easy to see why some people believe Elon musk could be the world’s first trillionaire, as he’s worth nearly as much as Exxon Mobil which has a market cap of 161.22 billion dollars.
Musk isn’t just richer than some major corporations, he’s also worth more than entire countries, countries like Ukraine, Angola, Kuwait, Sudan, Morocco, Cuba, and Slovakia all have GDPs that are less than Elon Musk’s net worth.
Sure! Most of the countries that musk is richer than are developing nations but it’s only a matter of time before Musk is worth more than one of the world’s major economies New Zealand’s GDP is about 206.9 billion.
It’s quite possible that he could be worth more than that by the end of the year.
Musk surpassed Mark Zuckerberg, Bill Gates and Warren Buffett so quickly, it’s certainly possible that he could be worth more than Bezos sooner rather than later.
It all comes down to Amazon stock VS Tesla stock the net worths of both Bezos and Musk are dependent on how much their companies are worth.
Amazon is worth about 1.59 trillion today, which’s almost 3 times more than Tesla.
For Musk to be worth more than Bezos, Tesla stock would have to triple in value that’s possible but keep in mind that Amazon also makes a lot more money.
Tesla’s Q3 2020 revenue was 8.77 billion while Amazon’s Q3 2020 revenue was a staggering 96.1 billion.
We don’t know what the future will hold but Tesla has to become more than just a car company if Musk hopes to be worth more than Bezos.
Musk would lose billions if Tesla’s share price took a major hit. It’s possible his net worth could drop back to 20 billion.
SpaceX going public could also boost Musk’s net worth, but so far he has been reluctant to take the company public.
That’s it! Folks are you shocked by how much Elon Musk’s net worth has increased over the last year do you think Elon Musk will be richer than Jeff Bezos one day let us know in the comments below if you enjoyed this article it makes a difference.
Elon Musk views
- He is very different from most billionaires, he doesn’t buy fancy yachts or expensive paintings and he doesn’t spend lavishly.
- He uses his Tesla stock options to invest in his own companies.
- Musk doesn’t even buy stock and blue chips like Apple, Amazon, or Microsoft.
- After all, why would he invest in the competition?
- Musk says the only public security he owns is Tesla.
- He doesn’t own any bitcoin either the only thing that musk invest in is himself.
- Musk owns at least 20% of Tesla’s stock and if he does ever sell a sizable portion of his holdings it will be only to fund his other ventures.
Net worth statistics
- April 2016 – $10.7 B
- October 2016 – $11.6 B
- April 2017 – $13.9 B
- October 2017 – $20.8 B
- April 2018 – $19.9 B
- October 2018 – $19.6 B
- April 2019 – $22.3 B
- October 2019 – $19.9 B
- April 2020 – $24.6 B
- September 2020 – $68.0 B
- April 2021 – $151.0 B
- April 2022 – $219 B