Elon Musk Net Worth - The Guy Who Seems To Leave His Footprint Everywhere
Given countless headlines about Elon Musk, the first impression may be that this man is everywhere. And you are right; he is! From the space program to Tesla's various models to the recent intentions to revolutionize Twitter, Elon Musk is one of the most influential people in the contemporary world. Hop on if you want to learn key facts about Elon Musk and his net worth.
Elon Reeve Musk FRS (June 28, 1971) is an engineer, business magnate, and industrial designer. He is the founder of SpaceX, early investor and CEO of Tesla, Inc., creator of The Boring Company, co-originator of Neuralink, and co-creator and initial co-chairman of OpenAI. A centibillionaire, Musk is one of the richest people on the globe.
Elon was born to a mixed family of Canadian-South African parents. He spent a good deal of time in Pretoria, South Africa. Elon attended the University of Pretoria before transferring to the University of Pennsylvania. Elon graduated from Penn in 1997 with dual bachelor's degrees in economics and physics. In 1995, he moved to California to attend Stanford University. However, he decided to pursue a business career instead. That was Elon’s entrepreneurial starting point.
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Compaq obtained Musk's first startup (Zip2) for around $300 million in 1999. Musk co-founded online bank X.com that same year, fusing it with Confinity in 2000 to form the company PayPal. eBay subsequently purchased the latter in 2002 for $1.5 billion.
In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, where he performs various roles, such as CEO and CTO. In 2004, he joined electric vehicle manufacturer Tesla, Inc., becoming its CEO in 2008. In 2006, he assisted in developing SolarCity, a solar energy services company and current Tesla subsidiary.
In 2015, he co-founded OpenAI, a nonprofit research company that promotes friendly artificial intelligence.
In 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain-computer interfaces and founded The Boring Company, a tunnel construction company.
Musk has a hands-on approach to his businesses and is heavily involved in product development and engineering. He is known for his bold approach to innovation and has developed many ground-breaking technologies.
Elon Musk has been married three times and has nine children. His wives were Justine Wilson from 2000 to 2008 and Talulah Riley from 2010 to 2016. He has also been married to Grimes since 2018.
Elon Musk's net worth is $272 billion as of September 2022. He made his first million dollars in 1992 from selling his startup software company Zip2. Musk's biggest flop was his solar panel company SolarCity, which filed for bankruptcy in 2016.
Musk has said he does not care about his net worth as it is "just a number." However, he spends his fortune on various things, including investing in new businesses and buying luxury items (Musk has bought several luxurious items in recent years, including a Tesla Roadster, a $7 million Beverly Hills mansion, and a $70 million Bel Air estate).
He has also given money to friends and family in need. He has supported charities like the Make-A-Wish Foundation, Red Cross, and UNICEF.
Elon Musk has revolutionized the fields of space travel, electric cars, and renewable energy, to name a few. He also stated that he would like to create a "hyperloop" transportation system that could shoot passengers through tubes at high speeds. His impact on the global web was immense, as well. Starlink currently allows reaching the Internet from the most distant places.
Elon Musk has been trying to buy Twitter for years, finally making an offer to the company in early 2020. However, the deal fell through. Reuters reported Twitter shareholders agreed to let Musk seal the deal a few days ago. Musk, by contrast, stated he would not acquire Twitter as he was misled. So it remains to be seen what the court will rule.
Musk wants to create a sustainable energy future for all by providing affordable solutions that will help make a difference in the long run. Elon has said that he plans to do this by creating solar power systems that are affordable and easy to install, as well as electric vehicles that are environmentally friendly and efficient.
Musk is a firm believer in the power of technology to change the world and has said that his ultimate goal is to help humanity become a multi-planetary species. According to The Economist's article, he wants to start a colony on Mars within 10 to 20 years.
Elon Musk is a wealthy and successful influencer and entrepreneur. Musk's vision is people-oriented, with his plans to make the Earth more sustainable. We already experience changes thanks to Elon Musk's effort and philosophy. Let's see what'll come next.