Elon Musk Net Worth: How Does Twitter’s New Owner Amass His Fortune?

Elon Musk founded breakthrough tech companies like Tesla and SpaceX. Bloomberg ranks Musk as the world’s richest person thanks to his 16 percent stake in Tesla, worth $144 billion. Musk’s business practices are controversial. A trial is set for October 2022. Elon Musk is the wealthiest person in the world, according to celebrity net worth, with an estimated net worth of approximately $204 billion.

Who is Elon Musk?

Elon Reeve Musk FRS is a business entrepreneur & investor. In addition to being the founder, CEO, & chief engineer of SpaceX, he is also an angel investor, the CEO of Tesla, Inc., the CEO of The Boring Company, a co-founder of both Neuralink and OpenAI, the president of the Musk Foundation, the owner of Twitter, Inc., and the CEO of that company.

Full Name Elon Reeve Musk
Date of Birth June 28, 1971
Birthplace Pretoria, South Africa
Height 6 ft 2 in 
Nationality South Africa
Profession Aerospace Engineer, Engineer, Entrepreneur, Investor, Designer, Businessperson, Inventor, Film Producer
Net Worth $204 billion

Early Life of Elon Musk

On the 28th of June, 1971, Elon Musk was born in Pretoria, South Africa. At the age of ten, Musk purchased his first computer & taught himself how to write computer programs. At the age of 12, he sold his first piece of software, a game he had created called Blaster.

Elon Musk Net Worth

He moved to Canada in 1989 when he was 17 years old in order to attend Queen’s University. He left Canada in 1992 in order to attend the University of Pennsylvania & was significant in both business and physics.

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Musk received his undergraduate degree in economics, went on to earn a second bachelor’s degree in physics, and then pursued a doctorate in energy physics after completing his studies for that degree. However, he decided to forego his education at Stanford University in order to participate in the expansion of the internet.

Elon Musk’s Career

Zip2

Musk co-founded Zip2 with Kimbal in 1995. Musk donated $28,000. The company sold maps, directions, and yellow pages online. Musk coded every night in Palo Alto. NYT and Chicago Tribune contracted Zip2.

X.com/PayPal

Musk co-founded X.com in 1999. In X.com’s early months, over 200,000 customers signed up.  Investors considered Musk inexperienced and replaced him with Intuit CEO Bill Harris. X.com and Confinity merged in 2000 to reduce competition.

SpaceX

Musk joined the Mars Society in 2001 to sponsor a plant growth chamber. He traveled to Moscow in October to buy reconditioned ICBMs with Jim Cantrell and Adeo Ressi. Musk met with NPO Lavochkin and Kosmotras, but the group left empty-handed.

Premieres

2006. First Falcon 1 launch. Despite the failed launch, NASA Administrator Mike Griffin awarded SpaceX a Commercial Orbital Transportation Services contract. After two failed attempts, Musk launched Falcon 1 in 2008.

Starlink

SpaceX began developing low-Earth-orbit satellites for Internet access in 2015. Two prototype satellites were launched in February 2018. The first 60 operational satellites and another group of test satellites launched in May 2019.

Tesla

Martin Eberhard and Marc Tarpenning founded Tesla Motors in 2003. Before Musk, both men built the company.  Musk led Tesla’s Series A investment round in February 2004, investing $6.5 million and becoming chairman.

Elon Musk Net Worth

SEC cases

SEC sued Musk in 2018 for tweeting that Tesla could go private. Musk’s tweet was false, misleading, and damaging to investors, according to the lawsuit.  Musk settled with the SEC two days later. Musk and Tesla were each fined $20 million; Musk resigned as chairman but remained CEO.

Tesla/SolarCity

Musk’s cousins founded SolarCity in 2006. SolarCity was the second-largest U.S. solar supplier in 2013. Musk proposed a triple-sized SolarCity factory near Buffalo in 2014.  2014-2017: Factory construction. Until 2020 with Panasonic.

Neuralink

2016: Musk invested $100 million in Neuralink. Neuralink creates brain-implanted AI devices. This tech can boost memory or connect to the software. The company wants to develop Alzheimer’s, dementia, and spinal cord injury treatments.

Boring

Musk launched The Boring Company in 2017 to build tunnels and disclose high-speed underground vehicles. Early in 2017, SpaceX began conversations with regulatory organizations and built a 30-foot wide, 50-foot long, and 15-foot deep “test trench” on its office grounds without permission. Los Angeles’ less-than-2-mile tunnel opened in 2018.

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Twitter

2017: Musk wanted to buy Twitter Musk started buying Twitter shares in January 2022, reaching 5% in March & 9% in April. He violated U.S. securities rules by not filing SEC paperwork within 10 days of his holding reaching 5%.

How Rich is Elon Musk?

According to celebrity net worth, Elon Musk’s net worth is estimated at $204 Billion. Bloomberg ranks Musk as the world’s richest person thanks to his 16 percent stake in Tesla, worth $144 billion. Elon Musk is the wealthiest person in the world. Musk’s business practices are controversial.

Real Estate Holdings

Before selling it all, Elon’s California real estate portfolio was worth a total of $100 million. He still owns a mansion that was built 100 years ago & has 16K 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 back in 2017, when he made the purchase.

Elon Musk Net Worth

In Southern California, he once owned six homes in the Bel-Air neighborhood of Los Angeles. These homes were located in Los Angeles. His footprint in Bel-Air included a 20K-square-foot house that he purchased in 2012 for $17 million, a 7K-square-foot house that he purchased in 2015 for $20 million, & a 9,300-square-foot house that he purchased in 2016 for $24.25 million.

Personal Life of Elon Musk

Elon has been married three times, both times to the same woman, who is an actress named Talulah Riley. Between the years 2000 & 2008, he was married to the Canadian author Justine Wilson. They have 5 sons between them.

Elon Musk Net Worth

Grimes and Elon became parents to a son in May of 2020, & they called him X A-Xii. In December 2021, they became the proud parents of a 2nd child who was born through surrogacy. In the latter part of the year 2021, Elon also became the proud parent of a pair of twins who were born to one of his Neuralink executives.

Achievements of Elon Musk

Tesla and SpaceX won 2007 Entrepreneur of the Year. 2007 Index Design Award winner: Tesla Roadster. Tesla Roadster won Mikhail Gorbachev’s 2006 Global Green product design award. Musk designed the first privately developed rocket to reach space. Armstrong, Rutan, and Glenn are prior champions. 2010 Kitty Hawk Foundation Living Legend of Aviation for Space Shuttle replacement.

Elon Musk Net Worth

SpaceX, SolarCity, and Tesla’s 2013 Businessperson of the Year. President’s Award for Exploration and Technology, March 16, 2014. Elon Musk won a 2014 Edison Achievement Award for his “innovation passion.” 2015 Yale Honorary Doctorate in Engineering and Technology.

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2019 Stephen Hawking Medal winner Musk. Musk is one of Forbes’ “Most Innovative Leaders” Musk is one of 2020’s New African’s 100 most influential Africans. Musk is Fortune’s Businessperson of 2020. On January 7, 2021, Bloomberg rated Musk the richest. Musk was 2021’s Forbes Billionaire.

Frequently Asked Questions

How Did Elon Musk Get so Rich?

After entering the billionaire club in 2012, Elon Musk now tops the list. His wealth comes mainly from Tesla, where he is CEO.

What Is Elon Musk’s 1-Day Income?

His one-day wealth: 2,71,50,000,000.

Did Elon Musk Grow up Rich?

Elon Musk was born into a rich South African family in 1971. Maye is a Canadian dietician and model; Errol is an engineer. Musk is close to his mother, but his father is distant.

Conclusion

Elon Musk is the founder, CEO, & chief engineer of SpaceX. He foresees his education at Stanford University in order to participate in the expansion of the internet. Musk designed the first privately developed rocket to reach space. His wealth comes mainly from Tesla, where he is CEO. Elon Musk foresees his education in order to participate in the expansion of the internet.

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