How Rich is Tesla CEO Elon Musk?
Elon Musk, the Canadian-American entrepreneur, was born in South Africa but made his billion-dollar fortune with PayPal, Tesla Motors, and SpaceX, mainly in the USA. Its wealth could grow significantly in the next few years if Tesla’s Model 3 were actually to become as big a success as all critics currently suspect. It is not his salary that made him rich, but his wealth is built on, among other things, his stock of shares. After all, he owns 21.7 percent of Tesla Motors. His current annual salary of $ 37,440, which Elon Musk obtains from Tesla, should be understood more symbolically. Elon Musk has always set himself big goals and now wants to conquer space with his company SpaceX. Elon Musk belongs to the list of the 100 richest people in the world with a current fortune of 130.33 billion euros.
Who is Elon Musk?
Both as a person and as an entrepreneur and investor, Elon has already polarized Musk. 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 earn money, he wants to make the world a better place. He is already a multi-billionaire at the age of 44, thanks to his parents, who familiarized him with computers and technology at an early age. He developed his first commercial software at the age of 12 and experienced 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 an absolute workaholic. That seems to have damaged his private life, at least in part. Because even if Elon Musk is the father of 6 sons, one of whom unfortunately died at a young age, he has three divorces from a total of 2 different wives, although his last divorce is not yet fully completed. However, investors and entrepreneurs like to work with the man at the helm of Tesla Motors and SpaceX, as he is considered an extremely reliable business partner.
The businessman Elon Musk
The first company Elon Musk ever started was Zip2. This company was founded in 1995 in collaboration with Elon’s brother, Kimbal. With his city guide for online newspapers, the entrepreneur could even attract customers such as the world-famous New York Times and the equally prestigious Chicago Tribute. The later sale of Zip2 brought Elon a good 19.5 million euros. Shortly afterward, the smart Elon co-founded X.com. This group merged in turn with Confinity before PayPal later together with Peter Thielthe company became. In the meantime, Elon Musk even held the CEO of PayPal. When PayPal was sold, the smart entrepreneur 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 was involved in.
With SpaceX to the new world
Since 2001, Elon has been pursuing plans to conquer space and make life 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 full 1.4 billion euros. When it comes to Elon Musk himself, he would like to reduce the cost of a trip into space by a factor of ten while still alive. As if the businessman didn’t have enough to do with this project, Elon Musk has also taken on the role of CEO at Tesla Motors at the same time. Suppose you also consider that the investor founded the company OpenAI in December 2015. In that case, a non-profit company that deals with the latest research in artificial intelligence, one of the world’s richest men, is guaranteed not to be bored.
Elon Musk’s holdings
Elon Musk is currently involved in the following companies.
- SpaceX (since 2002)
- Tesla Motors (since 2003)
- SolarCity (Since 2006) – Tesla acquired on November 21, 2016 for $ 2.6 billion
- Hyperloop (since 2013)
- OpenAI (since 2015)