Elon Musk Net Worth 2023: Space X founder and Tesla chief Elon Musk is once again in the limelight as he is going to buy Twitter as per the latest news. Musk was also named Person of the Year by Time magazine and Time’s Person of the Year title is a matter of worldwide pride.
Elon Musk is well-known as an American entrepreneur who was born in South Africa his mother is of Canadian origin and his father is from South Africa. Musk has been very fond of reading books since childhood. Musk also has a space exploration company and now he has become the richest person in the world in terms of net worth, he is in the first position.
Elon Musk is the CEO of Tesla Electric Car Company and he makes the parts and batteries for these cars. Musk also makes solar energy systems. Musk’s company Tesla has made a lot of progress. Tesla’s market value is more than the market value of many car companies. At the time of posting this article, Musk’s net worth is $228 billion, according to Bloomberg.
As per some reports, despite his wealth, he pays essentially nothing in income taxes. In 2004, Elon Musk laid the foundation of an electric car company named Tesla. Elon laid the foundation of this car saying that in future everything will be electric. Elon Musk believes that people will live on other planets in the coming times, which is why he started space investigation. The name of this program was given as Space X and now he wants to build his base on Mars.
X Æ A-Xii, Nevada Alexander Musk, Griffin Musk, Kai Musk, Damian Musk, Saxon Musk, Xavier Musk
Partner
Grimes (2018–)
Twitter Handle
@elonmusk
Elon Musk’s Salary Earnings Assets
In the year 1995, Elon Musk along with his brother started a software company that was later bought by COMPAQ. After its sale, Elon received a total of $22 million from its 7% share and then he invested $10 million out of this money in 1999. He founded X.Com and it was a financial service provider company. Then a year later this company got involved with another company that had a money transfer service. And now we know this company with the name PayPal which has been a popular means of money transfer. In 2002, he bought eBay for an amount of $ 1.5 billion.
Elon Musk was the largest shareholder of PayPal. According to Forbes, as of the year 2023, Elon Musk owns about 15 per cent of Tesla shares and options, which make up a major chunk of his net worth. In 2002, he used this money to start a big company of $100 million with the name SpaceX. This company is currently working on making space vehicles. According to Elon Musk, he is working on a plan to settle humans on Mars by 2030. In 2003, Elon Musk, together with 2 people, founded a company called Tesla Ink. He has been serving as the Chief executive officer of Tesla since 2008.
Tesla Ownership Stake
15% ($99.3 billion)
Other Assets
Space Exploration Technologies ($46.9 billion private asset), The Boring Company ($3.33 billion private asset), Twitter ($3.8 billion public asset), $17.8 billion in cash
Elon Musk 2024 Biography
Musk was born on 28 June 1971 in Pretoria, South Africa, his mother’s name was Maye Musk, and she was a model and dietician by profession. His father was a South African engineer but his parents got divorced very soon. Musk spent his childhood in South Africa and got his first personal computer at the age of 9.
Elon immediately became interested in programming and started learning it himself. In 2000, Elon Musk married Canadian author Justin Wilson, whom she met at Queen’s University, Ontario. Elon Musk also founded Space X and is now working on a plan to settle humans on Mars by 2030.
Around 75% of Musk's wealth was derived from Tesla stock in November 2020, a proportion that fell to about 37% as of December 2022, after selling nearly $40 billion in company shares since late 2021.
Elon Reeve Musk (/ˈiːlɒn/; born June 28, 1971) is a businessman and investor known for his key roles in space company SpaceX and automotive company Tesla, Inc. Other involvements include ownership of X Corp., formerly Twitter, and his role in the founding of The Boring Company, xAI, Neuralink and OpenAI.
1. Elon Musk – $252.4 B. Elon Musk maintains his position as the richest person in the world in 2024. His wealth, largely derived from his stakes in Tesla and SpaceX.
Estimated net worth of $200 billion as of February 2024, making him the richest person in the world, according to Bloomberg. He is about $5 billion ahead of the man in second place, Amazon co-founder Jeff Bezos. Leads five ventures: Tesla, SpaceX, Twitter, Neuralink and The Boring Company.
Key Takeaways. Musk's best investments include PayPal, SpaceX, DeepMind Technologies, Tesla, and The Boring Company. Elon Musk is an engineer, industrial designer, and technology entrepreneur known for disrupting multiple industries. Musk often holds the distinction of being the world's richest person.
Elon Musk left PayPal after it was acquired by eBay in 2002. After his departure from PayPal, Elon Musk went on to focus on other ventures, including SpaceX, Tesla, Neuralink, and The Boring Company, among others.
As CEO of Tesla, Elon Musk's choice of wheels won't be a huge surprise. In a 2019 tweet, Musk revealed that he does have favorites and mostly drives the Tesla Model S Performance, but occasionally takes to the Model 3 Performance and Model X when he's with his kids.
And Deutsche Bank analyst Emmanuel Rosner wrote Wednesday after meeting with Tesla management in Munich that third-quarter profit margins might be a little worse than expected. Musk isn't the sole owner of SpaceX. He owns 42% and had almost 79% of its voting power as of March, the Journal reported.
According to Bloomberg, close to half of Musk's net worth comes from Tesla shares, while just over 20% comes from SpaceX stock. The rest of his wealth comes from shares in Twitter and The Boring Company, as well as other miscellaneous liabilities.
Musk, who was born in South Africa, moved to Canada and dropped out of a Ph. D. at Stanford, became a millionaire before he hit 30. Musk started Zip2, a website that provided city travel guides to newspapers, with his brother Kimbal Musk, and sold it to Compaq for more than $300 million in 1999.
Elon Musk's IQ puts him in the Highly Gifted category. IQ tests provide insight into an individual's cognitive ability. As mentioned earlier, Elon Musk's IQ score is believed to be between 155 and 160. Above-average IQ scores within this range are only reserved for the "Highly Gifted" IQ classification.
Musk's best investments include PayPal, SpaceX, DeepMind Technologies, Tesla, and The Boring Company. Elon Musk is an engineer, industrial designer, and technology entrepreneur known for disrupting multiple industries. Musk often holds the distinction of being the world's richest person.
Introduction: My name is Kerri Lueilwitz, I am a courageous, gentle, quaint, thankful, outstanding, brave, vast person who loves writing and wants to share my knowledge and understanding with you.
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