Elon Musk Net Worth


Elon Musk Net Worth

Elon Musk, the Canadian-American entrepreneur, was born in South Africa but made his billion-dollar fortune with companies such as PayPal, Tesla Motors, and SpaceX mainly in the USA. Its wealth could grow significantly in the next few years if Tesla’s Model 3 were actually to be as big a success as all critics currently suspect. It is not his salary that has made him rich, but his wealth is built on, among other things, his stock portfolio. After all, he owns 21.7 percent of Tesla Motors. His current annual salary of $37,440, which Elon Musk obtains from Tesla, is to be understood more symbolically. Elon Musk has always set himself big goals and now wants to conquer space with his company SpaceX.

How Much is Elon Musk Net Worth?

According to Forbes, Elon Musk Net Worth is 139.4 Billion, and the third richest man in the world in 2020. Elon Musk belongs to the list of the 100 richest people in the world with a current fortune of 119.04 billion euros.

Who is Elon Musk?

Elon Musk has already polarized people both as a person and as an entrepreneur and investor. Above all, he is seen as an aggressive entrepreneur who knows exactly where to go. There is also a philosopher in him. Because Elon Musk doesn’t just want to earn money, he wants to make the world a better place. The fact that he is a multi-billionaire at the age of 44 is also thanks to his parents, who introduced him to computers and technology at an early age. He developed his first commercial software at the age of 12 and was thus able to experience what it means to be an entrepreneur with the game called Blastar. He later studied physics at the elite University of Pennsylvania.

People who know Elon say of him that he is an absolute workaholic. That seems to have damaged his private life, at least in part. Because even if Elon Musk is the father of 6 sons, one of whom unfortunately died at a young age, he has got three divorces from a total of 2 different wives, whereby his last divorce is not yet fully concluded. However, investors and entrepreneurs like to work with the man at the top of Tesla Motors and SpaceX, as he is considered a very reliable business partner.

The first company Elon Musk ever started was Zip2. This company was founded in 1995 in collaboration with Elon’s brother, Kimbal. With his city guide for online newspapers, the entrepreneur was even able to attract customers such as the world-famous New York Times and the equally prestigious Chicago Tribute. The later sale of Zip2 brought Elon a good 19.5 million euros. Shortly afterward, the smart Elon co-founded X.com. This group again merged with Confinity, before PayPal later together with Peter Thielthe company became. In the meantime, Elon Musk even played the role of CEO of PayPal. When PayPal was sold, the smart entrepreneur received 146 million euros and was thus paid out as the largest shareholder in PayPal. Of course, this shouldn’t be the last company the current Tesla CEO has worked on.

With SpaceX to the new world

Since 2001 Elon has been pursuing plans to conquer space and make life there tangible for other people. His company SpaceX has even received an order from the US space agency. The contract with NASA, which SpaceX was able to conclude in 2006, is said to have been worth a full 1.4 billion euros. If Elon Musk has his way personally, he would like to reduce the cost of a trip into space by a factor of ten while still alive. As if the businessman didn’t have enough to do with this project, Elon Musk has also taken on the role of CEO at Tesla Motors. If you then consider that the investor founded the company OpenAI in December 2015, which is a non-profit company that deals with the latest research in the field of artificial intelligence, so one of the richest men in the world is guaranteed not to be bored.

Elon Musk’s holdings

Elon Musk is currently involved in the following companies.

  • SpaceX (since 2002)
  • Tesla Motors (since 2003)
  • SolarCity (Since 2006) – Tesla acquired on November 21, 2016, for $ 2.6 billion
  • Hyperloop (since 2013)
  • OpenAI (since 2015)
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