In 1999, a division of Compaq Computer Musk’s first company, the Zip2 Corporation, acquired a division for $307 million in cash and $34 million in stock options for $307 million. In 1999, Musk sold Zip2 for that amount. After the first part of the options were granted, and Tesla reached a market capitalization of $100 billion, the value of Musk’s $100 million compensation plan was announced.
Musk joined electric vehicle maker Tesla Motors Inc in 2004 as chairman and product architect and became its CEO in 2008. In 2016, Musk founded two other companies, Neuralink and Boring Company, where he served as CEO. In 1995 Musk and his brothers Kimbal and Greg Kouri founded the Zip2 Web software company, funded by angel investors.
Elon Musk Net Worth
Elon Musk is a billionaire, the boss of Tesla and SpaceX, and the richest American with an estimated fortune of $19.05 billion. Amazon founder Jeff Bezos is worth an estimated $20.1 billion based on Forbes magazine’s annual ranking of the 400 richest Americans. Musk was on the Forbes billionaires list in 2012 with a fortune of more than $2 billion. Although Elon Musk wears many hats in his latest projects, he is best known as CEO, CTO of SpaceX, CEO and Chief Product Architect of Tesla Motors and Chairman of SolarCity.
According to an analysis by Quartz, he has donated more than $257 million to the Musk Foundation, which represents 0.1 percent of his current net worth. He distributed in turn $65 million to 200 nonprofits between 2016 and 2018. Musk, 49, is a philanthropic neophyte by comparison, having skipped the Bloomberg Billionaires Index of the world’s 500 richest people.
A quarter of a billion dollars is obscene wealth for an individual, and it is only a matter of time before Tesla CEO Elon Musk reaches a net worth in the 13-digit range. To put Musk’s wealth into perspective, it must be remembered that it is larger than the annual GDP of nations like Vietnam, Chile and Finland and surpasses the market value of Netflix and PayPal, companies he founded. The wealth of the world’s richest man, Elon Musk, CEO of Tesla and SpaceX, is expected to reach $300 billion as his companies’ shares soar.
|Known For||Tesla, SpaceX, PayPal|
|Date of Birth||28 June 1971|
|Birthplace||Pretoria, South Africa|
|Residence||United States, California|
|Nationality||South African, Canadian, American|
|Education||Waterkloof House Preparatory School PretoriaQueen’s University, University Of Pennsylvania, Stanford University, Ontario|
According to the Bloomberg billionaire index, Elon Musk’s personal wealth now stands at $222 billion, expanding his gap with the world’s richest person. Musk added this year to the 49-year-old entrepreneur 100.3 billion dollars to his fortune, more than ever before in the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. On Thursday, Tesla’s share price made billionaire Jeff Bezos the richest man of 2017, worth $184 billion.
Tesla has added more than $150 billion to its fortunes since its share price soared last year. Musk is worth $184 billion more than Warren Buffett, the world’s 10th richest man, and that number tops the rankings. Musk overtook Buffett in July, and Tesla co-founder Bill Gates’s net worth rose to $132 billion last year, the second highest on the list.
On July 13, 2020, Elon’s net worth reached $80 billion for the first time, with $15 billion coming from SpaceX and another $65 billion from Tesla. Musk cemented the $100 billion lead over Bezos, whose net worth was a paltry $19.26 billion at the close of trading, Bloomberg estimated.
Musk overtook Amazon founder Jeff Bezos as the world’s richest person in January. He amassed another $8 billion in assets on Monday after announcing he had unlocked a new batch of shares, according to Bloomberg. Musk was also on the rich list in 2020 with a fortune of $27 billion.
The world’s richest man, Elon Musk, has had his hands in various companies over the years. Musk has changed the way the world moves as the boss of the rocket maker SpaceX and electric car maker Tesla. As if being a billionaire wasn’t enough, Tesla CEO Elon Musk is also gunning for the title of the world’s billionaire.
In 2002, Musk founded SpaceX as a manufacturer of spacecraft and space services, where he is CEO, CTO and chief designer. While some of these systems have been sold to other companies, Musk has maintained his status as CEO, lead designer and his third project, Space Exploration Technologies (SpaceX), which aims to make space exploration more affordable.
Elon Musk’s fortune has topped $300 billion, making him the first on the planet to reach this milestone. Indeed, his SpaceX has replaced NASA’s space shuttle by bringing humans to the International Space Station for $16 billion.
Walmart heiress Alice Walton is the state’s richest person, with an estimated net worth of $67.9 billion, and by far the second richest in Texas.
With an estimated total wealth of $8 trillion, the world’s ten richest people account for $112,850 billion (14.11%), which is even more impressive when one considers that they represent only 0.48% of all billionaires.
According to the magazine, Brian Sheth of Austin, co-founder and former president of Vista Equity Partners, estimates the company’s assets at $900 million, or $2.3 billion by 2020.
Jeff Bezos is CEO and founder of Amazon, the world’s largest retailer, and founder of Blue Origin. Although he has been criticized for being slow to establish himself as a philanthropist, he pledged $10 billion for climate-change issues last year and donated $79.1 million in November to 16 environmental groups. Elon Reeves Musk was born on 28 June 1971 in Pretoria, Transvaal, South Africa, Elon Reeves.
In a court statement, Elon Musk said he was short of cash and that 99% of his personal wealth came from shares in Tesla and rocket maker SpaceX. According to documents filed in a lawsuit against defamation, he pledged 11 million shares as collateral for his personal obligations, including $500 million in personal debt and bank loans.