Elon Musk Wealth: Full Details

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Written By Benny Sams

 

 

 

 

 

Benny Sams is a seasoned writer who has written for the likes of The Parrot, Top Story, P&P, Kwesipino.com, nanansem.com as well as the Flex Newspaper.He has several years of writing experience and was nominated for the first edition of the GN Bank Awards for the Entertainment Journalist of the Year Category. He holds a first degree in Banking and Finance from the University of Ghana and has vast working experience in Customer service.

Elon Musk was born on June 28, 1971, and he can be described as a business magnate and investor. He is also the founder, CEO, chairman and chief technology officer of SpaceX, angel investor, CEO, product architect and former chairman of Tesla, owner, chairman and CTO of X Corp.

Elon Musk was also the founder of the Boring Company, co-founder of Neuralink and OpenAi, President of the Musk Foundation.

Without a doubt, Elon Musk is considered the wealthiest person in the world and this is so because his estimated net worth is about $232 billion as of September 2023. This is the figure provided by the Bloomberg Billionaires Index and surprisingly Forbes also pegs the net worth of Elon Musk at $253 billion which can be attributed to his shares in Tesla and SpaceX.

Personal Details

Elon Musk was born in Pretoria, South Africa. For a short while, he schooled at the University of Pretoria but later left for Canada when he was just 18 years old. Two years later, he was a student at Queen’s University in Kingston, Ontario but had a transfer to the University of Pennsylvania.

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Upon completion and graduation, he earned a Bachelor’s degree in Economics and Physics. In 1995, he relocated to California to school at Standford University. However, just after two days he dropped out and teamed up with Kimbal, his brother to develop the online city guide software company called Zip2.

In 1999, Compaq acquired Zip2 for $307 million. Elon Musk used $12 million of the amount to set up X.com, a direct bank. X.com and Confinity came together to form PayPal in 2000.

After selling PayPal in 2002 for $1.5 billion, he set up SpaceX using $100 million of the money. He became an investor in Tesla Motors in 2004 and became the CEO in 2008. He founded SolarCity in 2006, co-founded OpenAi in 2015, and co-founded Neuralink and Boring Company.

He purchased Twitter in 2022 for $44 billion and merged it into XCorp. He also founded xAi in March 2023.

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Wealth

Elon Musk made $175.8 million when PayPal was purchased by eBay in 2002. As of 2012, the Forbes Billionaires List indicated that his net worth was $2 billion.

He was said to have a net worth of $27 billion at the beginning of 2020 but at the end of the year, it had increased by $150 billion due to the 20% stake and ownership of Tesla.

He bypassed Facebook founder, Mark Zuckerberg and Microsoft co-founder, Bill Gates to become the second richest man in the world. His net worth was pegged at $185 billion as of January 2021 and went ahead of the founder of Amazon, Jeff Bezos to become the world’s richest person.

Even though Jeff Bezoz reclaimed that feat, when the stock of Tesla surged, on September 27, 2021, Elon Musk was again tagged by Forbes as the richest person with a net worth of over $200 billion. As of November 2021, he had over $300 billion. He was reported to have lost $200 billion of his net worth due to some issues with Tesla.

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The sources of his wealth can be said to be mostly from Tesla.

Relationships and Children

Elon Musk has 10 children. His first wife was Canadian author, Justine Wilson and they met while at Queen’s University. They married in 2000 but in 2002, their first child died as a result of sudden infant death syndrome at the age of 10 weeks. They subsequently used IVF to get more children.

They had twins in 2004 and triplets in 2006. They however divorced in 2008..
In 2017, Elon Musk dated Amber Heard. Elon Musk and Amber Heard denied that they had a relationship as Amber Heard was still married to Depp. Elon Musk dated Canadian musician, Grimes in 2018 and they had a son in May 2020.

They had a second son in December 2021 called Exa Dark Musk via surrogacy.

Reference:

https://en.m.wikipedia.org/wiki/Elon_Musk

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