Elon Musk Net Worth The richest person alive

Elon Musk Net Worth The richest person alive

Shares in Tesla Motors 15%
birth date June 28, 1971 (51 years old)
Born in Pretoria, South Africa
nationality USA, Canada, South Africa
Marital status divorced from Talulah Riley (since 2016)
Profession Entrepreneur, Investor, CEO SpaceX, CEO Tesla Motors, CEO Twitter, Lead OpenAI
Full name Elon Reeve Musk
Children 7 (Damian, Xavier, Kai, Griffin, Saxon, X Æ A-12, Exa Dark Sideræl)

How rich is Tesla CEO Elon Musk “The richest person in the world” really?

Elon Musk, the Canadian-American entrepreneur, was born in South Africa, but made his billions with companies like PayPal, Tesla Motors and SpaceX primarily in the USA. His wealth could increase significantly over the next few years if Tesla’s Model 3 were to become as successful as all the critics currently suspect.

It is not his salary that has made him rich, but his wealth is based on his stock portfolio, among other things. After all, he owns around 15 percent of Tesla Motors. And his shares continue to rise due to a compensation deal, although he keeps selling blocks of shares worth billions. His current annual salary of 37,440 US dollars , which Elon Musk receives from Tesla, is therefore to be understood more symbolically. Elon Musk has always set himself big goals and now wants to conquer space with his company SpaceX. With his current fortune of 176.58 billion euros, Elon Musk is officially the richest person in the world . On September 29, 2021 he bumped into Amazon boss Jeff Bezos from his throne and has been expanding his lead in the billion dollar race ever since.

Who is Elon Musk?

Both as a person and as an entrepreneur and investor, Elon Musk has already polarized. Above all, he is seen as an aggressive entrepreneur who knows exactly where to go. There is also a philosopher in him. Because Elon Musk doesn’t just want to make money, he wants to make the world a better place. The fact that he is already a multiple billionaire at the age of 44 is also thanks to his parents, who introduced him to computers and technology at an early age. He developed his first commercial software at the age of 12 and was able to experience what it means to be an entrepreneur with the game called Blastar. He later studied physics at the elite University of Pennsylvania.

People who know Elon say he’s a total workaholic. That seems to have damaged his private life, at least in part. Because even though Elon Musk is the father of 6 sons, one of whom unfortunately died at a young age, he got three divorces from a total of 2 different wives, whereby his last divorce is not yet complete. However, investors and entrepreneurs are happy to work with the man at the helm of Tesla Motors and SpaceX because he is considered a very reliable business partner.

Businessman Elon Musk

The first company Elon Musk ever founded was Zip2 . This company was formed in 1995 in partnership with Elon’s brother, Kimbal. With his city guide to online newspapers, the entrepreneur has even landed clients such as the world-renowned New York Times and the equally prestigious Chicago Tribute. The subsequent sale of Zip2 earned Elon a good 19.5 million euros. Shortly thereafter, the smart Elon became the co-founder of X.com . This group in turn merged with Confinity, before later together with Peter Thiel PayPal out of the company. In the meantime, Elon Musk even played the role of CEO of PayPal. When PayPal was sold, the smart entrepreneur then received 146 million euros and was thus paid out as the largest shareholder in PayPal. Of course, this shouldn’t be the last company the current Tesla CEO has worked on.

With SpaceX to the new world

Since 2001, Elon has been pursuing plans to conquer space and make life there tangible for other people. His company SpaceX has even received an order from the US space agency. The contract with NASA, which SpaceX was able to conclude in 2006, is said to have been worth a total of 1.4 billion euros. If it is up to Elon Musk himself, he would like to reduce the cost of a trip into space by a factor of 10 during his lifetime. As if the businessman wasn’t busy enough with this project, Elon Musk has also taken on the role of CEO at Tesla Motors. If you then consider that the investor founded the company OpenAI in December 2015, which as a non-profit company deals with the latest research in the field of artificial intelligence, the richest man in the world is guaranteed not to be bored.

Twitter takeover

In January 2022, Elon Twitter began buying shares and became the short message service’s largest shareholder with 9.1% in April. On April 14, 2022, he made an offer to buy Twitter outright, which initially met with a lot of opposition, but was accepted 2 weeks later for $44 billion. However, due to accounting discrepancies, the takeover should last until October 27, 2022, when Musk crowned himself owner and CEO. As the first official act, he fired many top managers including CEO Parag Agrawal. The new Twitter owner wants to reorganize the company and we also want to lay off a lot of employees and reform the product in general.

Elon Musk’s holdings

Elon Musk is currently involved in the following companies.

  • SpaceX (Since 2002)
  • Tesla Motors (Since 2003)
  • SolarCity (Since 2006) – Acquired by Tesla on 11/21/2016 for $2.6 billion
  • Hyperloop (Since 2013)
  • OpenAI (Since 2015)
  • The Boring Company (Since 2016)
  • Thud (Since 2018)
  • Twitter (Since 2022)

Elon Musk Net Worth The richest person alive

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