Elon Musk is an American businessman, inventor, and investor who made billions from various business ventures. He is currently best known for being the CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, and chairman of SolarCity.
He holds the record for being the richest person in the world and the richest person in modern history.
|Net worth||$263.6 Billion|
|Last Updated:||Sep 23, 2022|
|Born:||Jun 28, 1971|
|Height:||6 ft 2 in (1.88 m)|
|Source of Wealth:||Tesla, SpaceX|
Elon Musk Net Worth Over Time
Elon Musk joined the world’s top ten billionaires last year for the first time at the No. 2 position with a net worth of $151 billion and this year ranked No. 1 at $219 billion. According to Forbes’s daily real-time wealth estimates, Musk’s net worth has risen to $263 billion today (Sep 23, 2022).
Here is Elon Musk Net Worth Over Time According to Forbes,
|2015||$ 2 Billion|
|2016||$ 10.7 Billion|
|2017||$ 13.9 Billion|
|2018||$ 19.9 Billion|
|2019||$ 22.3 Billion|
|2020||$ 24.6 Billion|
|2021||$ 151 Billion|
Elon Musk’s Companies
- Zip2 (1995)
- X.com (1999)
- SpaceX (2002)
- Tesla, Inc. (2003)
- SolarCity (2006/2016)
- Neuralink (2016)
- The Boring Company (2016)
How did Elon Musk become rich?
Elon Musk made his money differently than most of today’s famous billionaires.
Instead of one amazing idea, he had several good ones.
Elon mask founded his first company Zip2 in 2015. He sold Zip2 for $307 million to Compaq Computer Corp., earning $22 million from the sale.
He founded an online bank called X.com in 2000; it was rebranded as PayPal.
When eBay bought PayPal in 2002 for $1.5 billion. It is thought Musk made around $170 million after taxes.
After eBay acquired PayPal, he used his significant stake in the company to fund the creation of SpaceX.
In 2002, Musk founded SpaceX, an aerospace manufacturer, and space transport services company, which has been valued at $74 billion.
In 2004, he was an early investor in electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.).He became CEO of Tesla in 2008.
The car company is thought to be worth more than $1 trillion. His net worth is also based on his shares in Tesla, as he owns around 24%.
According to CNN Business, He also founded the tunneling construction company The Boring Company, which has been valued at nearly $5.7 billion.
Also, He invested in SolarCity, which was sold to Tesla for $2.6 billion.
Elon Musk has made most of his money by investing in ideas and companies he is passionate about. In all the experiences Elon has undergone over the years, he faced many rough patches on his journey and still came out on top. RixLoans is here to assist you in the event that you are looking for money to invest in a business or other venture.
- Sold first company Zip2 to Compaq Computer Corp in 1999 for $340 million.
- Invested a portion of his windfall into X.com (PayPal).
- X.com became Paypal. eBay acquired PayPal in 2002 for $1.5 billion.
- Owns 48% of SpaceX, which is valued at $46 billion.
- Owns 22% of Tesla, an electric car company.
- Musk, via Tesla, acquired SolarCity in 2016 for $2.6 billion.
- Musk co-founded OpenAI as a non-profit in 2015.
- Musk co-founded Neuralink in 2016.
- Founded the Boring Company (2018) is one of Musk’s side projects.
- Net Worth increased by $263.6 Billion in 2022.
Favorite Elon Musk Quotes
When something is important enough, you do it even if the odds are not in your favor.Elon Musk
Being an entrepreneur is like eating a glass and staring into the abyss of death.Elon Musk
It is possible for ordinary people to choose to be extraordinary.Elon Musk
Life is too short for long-term grudges.Elon Musk
A failure is an option here. if things are not failing, you are not innovating enough.Elon Musk