Who is Elon Musk?
Elon Musk is a South African-born American business magnate, investor, engineer, and inventor. Musk is the CEO and co-founder of SpaceX, CEO and product architect of Tesla, Inc., and chairman of Neuralink. He is also a co-founder and former chairman of SolarCity, co-founder of Zip2, and founder of The Boring Company.
Elon Musk’s net worth is over $242 billion, according to the Forbes real-time billionaires index, making him one of the wealthiest people and the second-richest in the world. Elon Musk’s net worth in rupees is Rs. 2,10,000 Crores (approx. conversion).
Currently, the billionaire is in the news for all the wrong reasons. Ahead of the launch of his biography book, many details about him have spilt. Reportedly, Musk caused significant damage to the offensive front of Ukraine, in the ongoing Russo-Ukranian war. As Ukrainian troops, who were largely dependent on Musk's Starlink satellite communication, were on the approach of attacking Russian naval warships, Musk abruptly cut the submarines' satellite link, throwing off the entire operation.
This is not the only reason why Musk is in the news. The eccentric billionaire is also involved in a custody fight with his ex-wife, Grimes. Apparently, Musk and Grimes have three, not two children together. Now, Musk has three children named X Æ A-12, Exa Dark Sideræl Musk, and Techno Mechanicus. This detail about his private life was revealed by the author of his biography book, Walter Isaacson. Isaacson has also written the biography of Apple founder, Steve Jobs.
For more information, read Elon Musk’s Biography.
| Elon Musk | |
| Net Worth: | $242 Billion |
| Salary: | $2400 Million (Approx.) |
| Monthly Income: | $200 Million (Approx.) |
| Date of Birth: | June 28, 1971 |
| Age: | 52 Yrs |
| Height: | 1.80 M (5' 11”) |
| Nationality: | American, Canadian and South African |
Elon Musk's Early Career
Musk's career began in 1995 when he and his brother, Kimbal, founded Zip2, a company that provided online content publishing software for news organizations. In 1999, the company was acquired by Compaq for nearly $300 million. After the sale of Zip2, Musk co-founded X.com, an online payment company, which later became PayPal, and was bought by eBay for $1.5 billion in 2002.
Musk's foray into the automotive industry began in 2004 when he became a majority shareholder in Tesla Motors, a company that designs and manufactures electric vehicles, energy storage systems, and solar panel manufacturing. Under Musk's leadership, Tesla has become a leader in the electric vehicle market and has released several successful models, including the Tesla Roadster, Model S, Model X, and Model 3.
In 2006, Musk co-founded SolarCity, a company that provides solar panel installation and energy management services. In 2016, SolarCity was acquired by Tesla, Inc. for $2.6 billion.
Musk is also the CEO and co-founder of SpaceX, a company that designs and manufactures advanced rockets and spacecraft. SpaceX has made headlines for its successful launches, including the first privately funded liquid-fueled rocket to reach the International Space Station, and for its plans to colonize Mars. In addition to his work in the automotive and aerospace industries, Musk is also the chairman of Neuralink, a company that develops implantable brain–machine interfaces.
Elon Musk Net Worth 2023
Musk's net worth has grown significantly over the years due to the success of his companies and his ownership stakes in them. As of 2023, Elon Musk's net worth today is estimated to be over Rs. 2 lakh crores INR.
In other words, Elon Musk’s net worth in billion is around $242 billion.
Elon Musk's Salary and Earning Assets
Musk is one of the prominent shareholders of PayPal. A sizeable portion of Elon Musk’s net worth comes from the 13.4% of Tesla shares that he owns. In 2002 he launched SpaceX, of which between stock and options, he owns around 25%. Additionally, he owns the micro-blogging platform Twitter. Musk holds an estimated 73% of the company, in his passive portfolio.
Elon Musk’s net worth today has made him the richest person in the world. The second-richest person in the world is Bernard Arnault, the chairman and CEO of LVMH.
Elon Musk Net Worth Current Updates
- Musk's net worth peaked in November 2021 at $340 billion.
- Elon Musk's net worth today is estimated to be $173 billion, a staggering loss of over $200 billion.
- According to Bloomberg, Musk is the first billionaire to ever lose $200 billion in worth.
- Musk's biggest source of income is Tesla (TSLA), whose shares fell 65% in 2022. Tesla's stock price and Musk's personal riches haven't benefited from his $44 billion acquisition of Twitter.
- Since his interest in Twitter was made public in April, Musk, Tesla's largest shareholder, has sold shares worth $23 billion.
- Musk was once the richest person in the world with a staggering net worth, almost untouchable. However, at the end of 2022, his title as the "Richest Man on the Planet" was taken over by Bernard Arnault, the Chairman and CEO of LVMH. Since then Musk has remained at the second position on the richest billionaires list.
- Recently, the eccentric billionaire's automobile company, Tesla's stock price increased by 4.6% to $235 on 8th June, marking its 10th consecutive day of gains, as reported by Forbes.
- This gain helped Elon Musk regain his position as the richest person in the world. According to Forbes, Musk's net worth is now $220.2 billion, which is $4.2 billion more than Bernard Arnault's.
- However, after the market close, Arnault came out at the top, pushing Musk to the second spot, again.
- On 20 July, Musk's wealth declined by $20.3 billion, as Tesla's shares hit a slump.
Elon Musk Houses and Real Estate Properties
The eccentric billionaire publicly pledged to "possess no house" and currently resides in a modest property worth $50,000 in Boca Chica, Texas, despite having unlimited access to some of the nicest villas and mansions in the world.
I am selling almost all physical possessions. Will own no house. — Elon Musk (@elonmusk) May 1, 2020
What Cars Does Elon Musk Own?
Billionaire Elon Musk owns many luxury and vintage cars. Below is the list of all the cars he possesses.
| Elon Musk Car Collection | Price |
| 1978 BMW 320i | $1,400 |
| 1967 Jaguar E-Type | $40,000 |
| 1997 McLaren F1 | $815,000 |
| 2006 Hamann BMW M5 | $103,500 |
| 2008 Tesla Roadster | $98,950 |
| 2010 Audi Q7 | $48,000 |
| 1976 Lotus Esprit “Wet Nellie” | $920,000 |
| 2012 Porsche 911 Turbo | $154710 |
| 1920 Ford Model T | $850 |
| Tesla Model X | $94,990 |
| Tesla Model 3 Performance | $58,990 |
| 2019 Tesla Model S Performance | $20,000 |
| Tesla Cybertruck | $69,900 |
Does Elon Musk have any or do charities?
Elon Musk presides over The Musk Foundation, whose stated goals are to promote research, development, and lobbying, as well as to aid in scientific and engineering education initiatives. Nearly half of the foundation's $25 million in direct donations to nonprofits from 2002 to 2018 went to Musk's OpenAI, which was a non-profit at the time. The foundation has donated more than 350 times since 2002.
In 2021, the billionaire gave $55 million to the St Jude Children's Research Hospital in Memphis at that time, and then $54 million to the X Award Foundation.
Some Interesting Facts and Quotes of Elon Musk
Interesting facts:
- At the age of 12, Elon Musk made and sold a video game to a magazine. PC and Office Technology magazine purchased the space combat game "Blastar" for $500.
- Musk also had a job with the video game start-up Rocket Science.
- Elon Musk owns Wet Nellie, a James Bond custom automobile. The Wet Nellie, seen in the film The Spy Who Loved Me, is a specially constructed Lotus Espirit submersible automobile.
- The billionaire has been featured in the animated sitcom “The Simpsons” in the episode "The Musk Who Fell to Earth."
Quotes:
- "If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it's not."
- "There have to be reasons that you get up in the morning and you want to live. Why do you want to live? What's the point? What inspires you? What do you love about the future? If the future does not include being out there among the stars and being a multi-planet species, I find that incredibly depressing."
- "Persistence is very important. You should not give up unless you are forced to give up."
- "The first step is to establish that something is possible; then probability will occur."
- “I think it is possible for ordinary people to choose to be extraordinary.”
Musk has faced controversy and criticism over the years, including for his management style, public statements, and his involvement in various lawsuits. However, his innovative ideas and ambitious plans for the future have made him a controversial yet influential figure, not only in the tech industry but in the world.
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I'm quite familiar with Elon Musk and the numerous ventures he's involved in. Musk's influence spans across several industries, including technology, automotive, space exploration, and even renewable energy. His entrepreneurial journey showcases his knack for innovation and disruption in traditional sectors.
Starting with SpaceX, Musk's brainchild for advancing space exploration, he's turned the company into a leading force with successful missions, including those to the International Space Station and even plans for Martian colonization.
Then there's Tesla, revolutionizing the automotive industry with electric vehicles, energy storage solutions, and solar panel technologies. Under Musk's guidance, Tesla has spearheaded the mass adoption of electric cars, making sustainability more mainstream.
His involvement with Neuralink demonstrates his interest in merging technology with the human brain, exploring possibilities for brain-machine interfaces that could revolutionize healthcare and human capabilities.
As for controversies, Musk's public statements and unorthodox management style have often placed him in the spotlight. The recent incidents mentioned in the article, involving disruptions in satellite communication during the Russo-Ukrainian conflict and revelations about his personal life, have indeed sparked attention and debate.
Elon Musk's net worth, constantly fluctuating due to the stock market and the performance of his companies, has been a topic of fascination. His rise to becoming one of the wealthiest individuals globally and then experiencing significant drops in net worth illustrates the volatility of the markets and the interconnectedness of his wealth with Tesla's stock value.
From his early ventures like Zip2 and X.com (which evolved into PayPal) to his current involvements in SpaceX, Tesla, Neuralink, and even The Boring Company, Musk's career trajectory reflects an unparalleled drive for innovation and disruption.
As for the concepts mentioned in the article, they cover various aspects related to Elon Musk:
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SpaceX: Musk's aerospace company focusing on space exploration and colonization, with achievements like launching rockets and sending supplies to the International Space Station.
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Tesla, Inc.: Revolutionizing the automotive industry with electric vehicles, energy storage solutions, and solar panel manufacturing.
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Neuralink: Exploring brain-machine interfaces to enhance human capabilities.
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The Boring Company: Aims to solve traffic congestion and transportation via tunnels.
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Zip2 and X.com (later PayPal): Early ventures that laid the foundation for Musk's entrepreneurial career.
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Financial aspects: Elon Musk's net worth, its fluctuations due to stock market changes, and his ownership stakes in companies like Tesla and SpaceX.
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Controversies and personal life: Instances mentioned in the article, including the disruption of satellite communication, Musk's children's details, controversies, and his stance on possessions like homes and cars.
From financial intricacies to innovative technologies and controversies, Elon Musk's multi-faceted persona and impact on various industries make him a compelling and polarizing figure in today's world.
