Elon Musk Net Worth

Elon Musk Net Worth

When we talk about modern-day visionary geniuses of extraordinary stature, there are few of them. Elon Musk is one such visionary genius to have changed multiple industries. According to Starz Net Worth, he is now the richest person in the world with a net worth of 269.3 billion USD. Musk seems to be everywhere with the agenda of pushing all kinds of futuristic technologies. Elon musk companies are SpaceX and Tesla, founder of The Boring Company, and cofounder of Open AI and Neura link. Let’s dive into Elon Musk net worth and success journey!

The Backstory

Musk was born in Pretoria, South Africa, to a British Engineer and a Canadian Dietetics expert. He bought his first computer at the age of 10 and wrote his first game Blaster when he was only 12 years old. The game was bought by a magazine for $500. Now Elon musk age is 52 years.

In grade school, Musk was short, introverted, and bookish. During this time, he had taken up martial arts to fight back against his bullies. He was 17 years old when he moved to Canada to attend Queen’s University to avoid mandatory service in the South African military.

In 1992, Musk left Canada to study business and physics at the University of Pennsylvania. He graduated with an undergraduate degree in economics and stayed for a second bachelor’s degree in Physics. After leaving Penn, Musk headed to Stanford University in California to pursue a PhD in energy physics.

However, his move happened at the same time as the Internet boom. He dropped out of Stanford after two days to become a part of it, launching his first company, Zip2 Corporation in 1995. AltaVista, a major search engine, bought this IT Company for $307 million. The company also bought $34 million in stocks and securities, making it one of the biggest cash acquisitions back then.

PayPal, Tesla Motors and everything that followed

Elon invested more than half of his earnings to confound X.com, an online banking service. About a year later, X.com merged with Confinity, a financial startup co-founded by Peter Thiel, to form PayPal. Musk became the CEO of the newly minted PayPal – but it did not last long. In October 2000, he started a huge fight among the PayPal co-founders by pushing them to move its servers from the free UNIX operating system to Microsoft Windows. PayPal co-founder and then CTO Max Levchin pushed back hard. While he was route to Australia for a much-needed vacation, PayPal’s board fired him and made Thiel the new CEO. 

But things worked out for him. He made $180 Million from a deal when eBay bought PayPal for $1.5 Billion.

Next, he had his targets set to space engineering and electric vehicles. Elon Musk Tesla Motors was an automobile company dedicated to producing affordable, mass-market electric cars. Martin Eberhard and Marc Tarpenning founded Tesla in 2003. Musk along with Ian Wright and J.B. Straubel were the company’s first employees and retroactively named co-founders. As of now, Elon Musk owns 20% of Tesla Motors. The company has a total market cap of $27.44 Billion, adding $13 Billion to the net worth of Elon Musk.

Musk founded his third company, SpaceX, in 2002 intending to build a spacecraft for commercial space travel. By 2008, SpaceX was well established, and NASA awarded the company the contract to handle cargo transport for the International Space Station. 

SpaceX long-term goal is to make colonizing Mars affordable. Musk has said that SpaceX will not file for an initial public offering until what Musk calls the “Mars Colonial Transporter” is flying regularly.

Extraordinary Career

Hollywood noticed his extraordinary career. Rumor has it that Musk was the inspiration behind Robert Downey Jr.’s portrayal of Tony Stark in the “Iron Man” movies. Musk even had a cameo in “Iron Man 2.”

Elon Musk Awards

• CEO of the Year by Automotive News in 2020
• Axel Springer Award for Innovation in 2018
• Gold Hugo Award for Interactive Design at the 54th Chicago International Film Festival in 2018
• Global Influencer of the Year by the World Tourism Forum in 2017
• Edison Achievement Award by the Edison Awards in 2014
• Heinlein Prize for Advances in Space Commercialization in 2011
• Royal Aeronautical Society Gold Medal in 2009

Personal Life

Musk has been married twice. He wed in 2000, elon musk’s wife’s name is Justine Wilson and elon musk kids are six . In 2002, their first son died at 10 weeks old from sudden infant death syndrome (SIDS). The couple had five additional sons together: twins Griffin and Xavier and triplets Kai, Saxon, and Damian. 

After a contentious divorce from Wilson, Musk met actress Talulah Riley. The couple married in 2010. They split in 2012 but married each other again in 2013. Their relationship ultimately ended in divorce in 2016. Musk reportedly began dating actress Amber Heard in 2016 after finalizing his divorce with Riley. But they eventually broke up due to their busy schedules.

In May 2018, Musk began dating musician Grimes. That month, Grimes announced that she had changed her name to “c,” the symbol for the speed of light. She gave birth to their son on May 4, 2020, with Musk announcing that they had named the boy “X Æ A-12.”

What is Elon Musk’s Net Worth?

Elon Musk owns 48% of rocket maker SpaceX and 20% of Tesla. He also owns 57 million vested Tesla options. Surprisingly, Musk is relatively cash-poor and has an estimated $500 million worth of debt owed to Morgan Stanley and Goldman Sachs. 

This week, Elon Musk became the world’s richest person, as his net worth crossed $185bn. The entrepreneur pushed into the top slot after Tesla’s share price increased on Thursday. He took the top spot from Amazon founder Jeff Bezos.

Starz Networth

Starznetworth is a website that provides information about the net worth of celebrities from various fields, including entertainment, sports, and business. The website offers detailed profiles of each celebrity, including their career highlights, earnings, and personal life.