Facts of Elon Musk Networth
|Full Name||Elon Musk|
|Birth Name||Elon Musk|
|Nationality||American, South African, Canadian|
|Birth Country||South Africa|
|Father Name||Errol Musk|
|No Of Children||6|
|Education||University of Pennsylvania|
|Date of Birth||June 28,1971|
What Is The Net Worth Real Life Tony Stark Elon Musk?
Elon Musk is a technology entrepreneur, investor, and engineer with a net worth of $20 billion as of 2019. He is best known for being the founder and CEO of SpaceX and co-founder, CEO and product architect of Tesla Inc.
He is the co-founder and CEO of Neuralink, founder of The Boring Company, co-founder and co-chairman of OpenAI and co-founder of PayPal. In 2016, he was ranked the 21st most powerful person in the world by Forbes.
As per the new report in 2020, Musk is making $16 million per hour or $400 million per day.
Net Worth Details: His Salary, Income Sources And Earnings
Musk began his business career in 1995, when he dropped out of Stanford University to launch his web software company, Zip2. Compaq acquired the company for $307 million in 1999 with Musk receiving 7% share from the sale amounting to $22 million.
In March of the same year, Musk used the money from zip2 sale to start another company, x.com, which was later renamed to PayPal. Musk assumed the post of CEO until 2000. The company was acquired by ebay in October of 2002 for $1.5 billion in stock. Musk holding 11.7% of the company's shares was the largest shareholder. He received $165 million from the sale.
In 2001, Musk founded Mars Oasis, a company aimed at landing miniature greenhouse on Mars to peak public interest on space exploration. The company would go through phases and ultimately turn into SpaceX with the goal of turning humanity into a truly spacefaring civilization. SpaceX started developing rockets and released its first 2, Falcon 1 (which became the first liquid fueled private rocket to launch a satellite into Earth's orbit) and Falcon 9 and its first spacecraft, the Dragon.
Upon Musk's belief that the next step of evolution in rockets would be to make them reusable, SpaceX started working on Falcon Heavy that successfully landed on a launch pad, the first of its kind to achieve such feat. In 2018, SpaceX launched Falcon Heavy, the fourth highest-capacity rocket ever built and the most powerful rocket of the year carrying Musk's Tesla Roadster into orbit as a dummy load. SpaceX is currently valued at $33 billion, being the largest private rocket manufacturing company in the world.
Musk joined Tesla inc. in February of 2004, joining its board of directors as its chairman. Following 2008's financial crisis, Elon assumed leadership and the role of CEO, a position he holds till date. Tesla released its first electric car, the Roadster in 2008. Then the model X and model S were released in 2011 and 2012 respectively. Musk owns 22% of the company.
These are the Tesla Models specifications:
|Model 3||$36,200||283 hp-473 hp|
|Model S||$76,200||259 hp-503 hp|
|Model X||$82,200||259 hp-503 hp|
|Model Y (2020)||$48,200||n/a|
|Roadster (2020)||$200,000||1000 hp|
In the first quarter of 2019, Tesla have sold 63,000 cars globally.
He also announced OpenAI, a non-profit company for AI research in 2015 that works with Neuralink ( 2016) and aims to integrate artificial intelligence into human brains. He also started The Boring Company that builds tunnels for vehicles to pass without traffic jams.
He appeared on The Joe Rogan Show, mainly talking about AI. In the interview, Rogan passed a blunt to Elon which he took a puff of. He received some media backlash for it which later simmered down.
Musk deleted his Instagram stating that he didn't enjoy it. On one of his tweets he said:
Elon Musk Assets: His House, Cars, Lifestyle, And Expenses
Elon lives in a 20,000 square foot $17 million house in Bel Air, California, that he bought in 2012. Besides his main residence, he owns 4 other properties in Bel Air. They include a $6.4 million two story home next door to his $24 million and 2 adjacent homes he bought in 2015 for $4 million and $20 million.
Being the founder of Tesla, it should come off as no surprise that he owns several Tesla cars. Besides his Teslas, he owns a few:
(James Bond) Lotus Espirit-$997,000
Hamann BMW M5-$111,000
1967 Jaguar Series 1-$40,000
Charity And Endorsements
Musk is the founder of his own Musk Foundation which focuses on providing solar energy in disaster areas. Musk has been involved with children education.
He has donated $15 million to XPRIZE foundation's Global Learning program that aims to "empower children to take control of their learning”He also donated solar panels and batteries to victims of the hurricane in Puerto Rico along with $250,000 for relief. He has pledged 50% of his net worth to The Giving Pledge, a commitment introduced by Bill Gates and Warren Buffet.
Although being a self-claimed independent; half republican and half democrat, Elon has endorsed Andrew Yang in the upcoming Presidential elections.
Tax And Insurance
The exact details of Elon's tax and insurances are not public knowledge but based on his net worth and earnings, it can be assumed that he has all of his tax and insurance needs met.
The Personal Life Of Elon Musk: Early Life, Family, Spouse And More
Elon Musk was born on 28th June 1971, in Pretoria, South Africa, to parents Maye Musk and Errol Musk. His mother was a dietitian and his father was a electromechanical engineer, sailor and pilot. He has a younger brother and a younger sister Kimbal and Tosca. After his parents' divorce in 1980, he lived mostly with his father upon his own choice but later said that it was a mistake claiming his father as 'a terrible human being'.
He was an avid reader in his childhood and by the age of 10 was deep into computer science. He sold his first BASIC based video game at age 12 to a magazine for $500. Musk was severely bullied throughout his childhood and once was thrown a flight of stairs until he lost consciousness. He attended Pretoria Boys High School before moving to Canada against his father's will.
At the age of 17, Musk moved to Canada and attended Queen's University. He got a Canadian passport and traveled to University Of Pennsylvania and graduated with a bachelor's degree in Economics. He stayed there to study physics. After leaving Penn, Musk headed to Stanford University to pursue a degree in energy physics but later dropped out after 2 days to start his own company.
Elon met his first wife, Canadian author Justine Wilson while they were both students at college. They married in 2000 and got divorced in 2008. Their first child died after 10 weeks of birth. Later, the couple had 5 sons, first twins then triplets in 2004 and 2006. The couple share the custody of all their children.
Elon then began dating English actress Talulah Riley and in 2010, the couple married. In 2012, Musk announced that the couple had ended their 4 year relationship tweeting: "It was an amazing four years. I will love you forever. You will make someone very happy one day."
The couple remarried in July 2013 but each of them filed for divorce in December of 2014 and March of 2016. The divorce was finalized in late 2016.
Musk also dated American actress Amber Heard in 2016 but after a year of dating, the couple separated due to conflicting schedules. Musk is currently dating Canadian musician Grimes.
Age And Height
Elon stands 188 cm or 6 feet 2 inches. He is 48 years of age.