Elon Musk now owns Twitter. Here are the busy billionaire's 4 other companies and what they all do. (2024)

FAQs

What 5 companies does Elon Musk own? ›

Billionaire Elon Musk owns five companies including Tesla, SpaceX, Twitter, The Boring Company, and Neuralink, for which he works all day long. He made a confession on his official Twitter handle, saying that he is working all day.

Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.

Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company. He owns about 23% of Tesla between stock and options, but has pledged more than half his shares as collateral for loans.

He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of the Boring Company; co-founder of Neuralink and OpenAI; and president of the philanthropic Musk Foundation.

In 2002, eBay bought PayPal, netting Musk, the majority shareholder, between $160 million and $180 million for his shares.

The $44 billion Twitter takeover is backed by banks including Morgan Stanley, Bank of America Corp. and Barclays PLC, which signed agreements in April to provide Mr. Musk with the debt financing he needed to buy the company.

Loans. The rest of the money – about $13bn worth – is backed by bank loans, including from Morgan Stanley, Bank of America, Japanese banks Mitsubishi UFJ Financial Group and Mizuho, Barclays and the French banks Societe Generale and BNP Paribas.

Elon Musk rocketed to billionaire status, after entering the elite club in 2012 just nine years later he tops the list. His wealth is based mainly on his shareholdings in the electric car firm Tesla, of which he is the CEO.

What kind of car is Elon Musk driving? Tesla Model S is the car Musk drives the most. It is one of Tesla's most comfortable and spacious cars. It also has an impressive range of up to 405 miles and accelerates from 0-60mph in 2.4 seconds.

What is the monthly income of Elon Musk? ›

Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin, but he has repeatedly favoured the latter in interviews and posts on social media.

Neuralink's price today is US$0, with a 24-hour trading volume of $N/A. NEURALINK is +0.00% in the last 24 hours.

The price of SpaceX has risen by 0.69% in the past 7 days. The current price is $0.000017 per SPACEX. The new price represents a new all time high of $0.000017. The current circulating supply is 0 SPACEX.

FAQs (Frequently Asked Questions) When did Elon Musk take an IQ test? The Tesla CEO is estimated to have an IQ score of around 155.

Along with its post-pandemic growth recovery, American Airlines' valuation may be intriguing to investors right now with Tesla (TSLA) CEO Elon Musk recently announcing he will purchase a 51% stake in the company. News of Musk's majority interest in American Airlines surfaced at the beginning of the month.

Elon Musk. As Tesla's largest shareholder with a 13.04% stake, Musk can have a strong influence over the direction of the share price. The stock fell in value in November 2021 after Musk sold 10% of his holding following a Twitter poll in which he asked whether he should sell some of his shares to pay taxes.

Who is holding Twitter debt? ›

Morgan Stanley, the lead bank on Twitter's debt deal, has approximately $807 million in unsecured bridge debt on its balance sheet, while Bank of America Corp., Barclays PLC and MUFG Bank Ltd.

During Twitter Spaces, the billionaire also said that Twitter's costs were expected to be $5 billion this year, but adding the debt payments brought the figure to $6.5 billion. The firm's total costs and expenses amounted to $5.57 billion in 2021, the most recent year of full reporting, according to a SEC filing.

How much money must Twitter pay banks next week? According to reports, the first quarterly payment on the $13bn worth of debt used by Musk to buy Twitter must be paid by the end of the month. Analysts put the amount at approximately $300m, or a quarter of the estimated $1.2bn in annual interest payments due.

The loss of so many key advertisers is particularly concerning for a company like Twitter, which makes most of its money—more than 90%—through ads. Major businesses including Apple, Pfizer and Ford have come out in droves to distance themselves from the platform and question Musk's approach to content moderation.

An analysis of more than 140,000 Twitter users shows that although plenty of people have said they are leaving the site, only 1.6 per cent have wholly abandoned the platform, which was bought by entrepreneur Elon Musk in late October.

Twitter has a problem with bots. In fact only yesterday it said it removed a million spam accounts a day. In a filing, Mr Musk said he'd repeatedly been refused information about the number of bot accounts on Twitter - which is why he wished to terminate the deal.

Multinational companies like Lockheed Martin and Eli Lilly lost billions of dollars because of tweets made by impersonated accounts using Twitter's new paid verification feature.

Elon Musk bought Twitter using a leveraged buyout: He paid with borrowed money. : The Indicator from Planet Money Elon Musk bought Twitter for $44 billion, but almost a third of it was in loans—and Twitter's on the hook to pay them back. This strategy, popular in the '80s, is called a leveraged buyout.

Twitter has already announced that they will begin removing blue checks from verified accounts who haven't signed up for a Twitter Blue subscription. Following Elon Musk's takeover, the billionaire decided to introduce an eight-dollar monthly fee for people who want to get a blue check next to their names on Twitter.

Who is the richest man in the world? As of June 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth $215 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.

Who is the richest person in the world? ›

1. Bernard Arnault

Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world.

The May 31 update shows Musk overtaking Bernard Arnault, the owner of luxury goods brands such as Louis Vuitton, Christian Dior and Tiffany & Co. Arnault was named the richest person in the world by Forbes in April, but a recent drop in his company's stock catapulted Musk ahead.

Answer: Bill Gates owns several high-end cars. Chief of these are include Ferrari 348, a Porsche 959, a Porsche 911 and a Porsche Taycan, which was the latest addition to his garage.

I own two gasoline cars. One is a Model T that a friend gave me and the other is a Series 1 '67 E-type Roadster. My first love. Five years ago, in an interview with Hannah Elliott of Forbes, Musk had said that he decided to buy an E-type when he was around 17.

The Sultan of Brunei's Unbelievable Car Collection From The Bugatti EB110 to a Bentley Buccaneer. The world's biggest car collection – an estimated 7,000 cars worth more than $5bn – is owned by the secretive Sultan of Brunei.

Musk's fortune once sat as high as $320 billion in late 2021. As of Jan. 10, Forbes estimates that his net worth sits at $142.1 billion, making him the No. 2 richest person in the world ahead of India's Gautam Adani ($125.1 billion).

As of March 2023, Gates has an estimated net worth of US$116 billion, making him the fourth-richest person in the world according to Bloomberg News.

How much is Trump worth? As of May, Forbes estimates Trump's net worth at $2.5 billion, putting the real estate developer at No. 1,232 on the magazine's list of the world's richest billionaires. That's a 22% decline from 2022, when the magazine estimated his fortune at $3.2 billion.

Tencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion.

'Billionaire Stocks': Bill Gates, Berkshire Hathaway (BRK.B)

The natural stock pick held by the world's wealthiest person is Microsoft (NASDAQ:MSFT), the giant tech company Bill Gates co-founded with Paul Allen in 1975. Gates still owns almost 103 million shares of the company worth $15.4 billion.

What does Elon Musk say to invest in? ›

"I would once again urge entrepreneurs to get into the lithium refining business. Mining is relatively easy, refining is much more difficult," Musk said in his speech. For him, this sector offers margins very similar to those of software, so he considered getting into it like getting "a licence to print money".

In May this year, Facebook creator, Mark Zuckerberg just shared that he too, owns Bitcoin - but there's a catch. Facebook(Now Meta) CEO Mark Zuckerberg's on Tuesday posted a photo of his bitcoin investment on Facebook - except the post involved an animal: His pet goat Bitcoin.

The largest holder of Bitcoin is believed to be Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Nakamoto is estimated to own approximately 1,000,000 BTC, worth around $27.13 billion.

revealed on Twitter that he owns only a tiny fraction of one bitcoin token. "I literally own zero cryptocurrency, apart from . 25 BTC that a friend sent me many years ago," Musk confessed. Using today's bitcoin price of about $10,000 a coin, that translates to $2,500.

Musk's best investments include PayPal, SpaceX, DeepMind Technologies, Tesla, and The Boring Company. Elon Musk is an engineer, industrial designer, and technology entrepreneur known for disrupting multiple industries. Musk often holds the distinction of being the world's richest person.

Elon Musk co-founded and leads Tesla, SpaceX, Neuralink and The Boring Company. As the co-founder and CEO of Tesla, Elon leads all product design, engineering and global manufacturing of the company's electric vehicles, battery products and solar energy products.

Entrepreneur Elon Musk has achieved global fame as the chief executive officer (CEO) of electric automobile maker Tesla Inc. (TSLA) and the private space company SpaceX. Musk was an early investor in several tech companies, and in October 2022, he completed a deal to take Twitter, Inc. (now X Corp) private.

Musk lost between $180 billion and $200 billion since November 2021, largely due to the poor performance of Tesla stocks in recent years, according to the report. His fortune went from about $320 billion in 2021 to its current level of about $147 billion.

Elon Musk rocketed to billionaire status, after entering the elite club in 2012 just nine years later he tops the list. His wealth is based mainly on his shareholdings in the electric car firm Tesla, of which he is the CEO.

The CEO of Twitter and the founder of Tesla and SpaceX, Elon Musk, launched a brand-new artificial intelligence firm named X.AI Corp.

What does the Neuralink do? ›

Neuralink's device has a chip that processes and transmits neural signals that could be transmitted to devices like a computer or a phone. The company hopes that a person would potentially be able to control a mouse, keyboard or other computer functions like text messaging with their thoughts.

How Can I Buy Boring Company Stock? Boring Company stock does not trade on any public exchange. It is a privately held company. You will not be able to buy shares in a conventional broker transaction until after the Company holds an IPO, assuming that it does.

How many patents does Neuralink have? Neuralink has a total of 35 patents globally.

Can you invest in Starlink Internet? Starlink Internet is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

How to Invest in SpaceX Stock (Indirectly) Although you can't buy shares of SpaceX as a retail investor, you can invest in it indirectly by buying shares in one of the companies that owns it. There are only 2 publicly-traded companies that have invested in SpaceX: Bank of America Corporation – NYSE: BAC.

The EPS Rating for Tesla stock is 93 out of 99. The market status is showing a "confirmed uptrend." Tesla stock has formed a valid base but TSLA is not a buy right now. However, Tesla stock is signaling a move above the 200-day line and 200 level and is approaching its current buy point.

Who is the richest man in the world? As of June 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth $215 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.

Musk's shrinking fortune was largely due to the steep slide of Tesla shares, which lost roughly 65% of their value during the company's worst year on record. The loss was enough to knock him off his perch as the richest man in the world — a title now held by luxury goods magnate Bernard Arnault.