Elon Musk Net Worth $20.9 billion
Elon Musk salary $2,500,000,000
Elon Musk Net Worth: How rich is Elon Musk? & How much money is Elon Musk worth? Time to find out!
Elon Musk is a South African-born Canadian-American business magnate, investor, engineer, and inventor. and his current net worth is $20.9 billion.
Born in Pretoria, Transvaal, South Africa to Maye Musk, a model and dietitian, and Errol Musk, an electro-mechanical engineer, pilot and sailor, he has two siblings.
Upon his parents’ divorce in 1980, he went to live with his father in the suburbs of Pretoria.
He grew up as an avid reader and at ten years old he started showing an interest in computing with the Commodore VIC-20.
At 12 years old, he taught himself computer programming. Then sold the code for a BASIC-based video game he made, Blastar, to a magazine called PC and Office Technology. He received approximately $500 for it.
A web version of the game is still available today online.
Initially educated at private schools he attended the English-speaking Waterkloof House Preparatory School.
He later graduated from Pretoria Boys High School and moved to Canada in 1989.
Right after his 18th birthday, he obtained Canadian citizenship through his Canadian-born mother.
At 17 he attended Queen’s University in Kingston, Ontario for undergraduate study.
Two years after, he transferred to the University of Pennsylvania, where he received a Bachelor of Science degree in physics from its College of Arts and Sciences, and a Bachelor of Science degree in economics from its Wharton School of Business.
He then extended his studies for one year to finish to second bachelor’s degree.
At 24, he moved to California to begin a PhD in applied physics and materials science at Stanford University. He had to leave the program after two days to pursue his entrepreneurial aspirations in the areas of the Internet.
In 1995 he and his brother, Kimbal started Zip2, a web software company, with their father’s money.
The company developed and marketed an Internet city guide, for the newspaper publishing industry.
Compaq acquired Zip2 for $307 million in cash and $34 million in stock options in 1999.
Musk received $22 million for his 7% share from the sale. The same year he co-founded X.com, an online financial services and e-mail payment company, with the money he received from the sale of Zip2.
A year later the company merged with Confinity which had a money transfer service called PayPal. The result company focused on the PayPal service and in 2001 renamed PayPal.
In 2002 eBay bought PayPal for $1.5 billion in stock, of which he received $165 million.
Today he is the founder, CEO and CTO of SpaceX, co-founder of a Series A investor, CEO and product architect of car manufacturer Tesla Inc.. He is also the co-chairmna of OpenAI, founder and CEO of Neuralink, and former co-founder and chairman of SolarCity.
Through his companies, he is looking to revolutionize the world by reducing global warming through sustainable energy production and consumption. Also, he is looking to reduce the “risk of human extinction” by “making life multiplanetary”, and establishing a human colony on Mars.
In addition to his primary business pursuits, he has also envisioned a high-speed transportation system known as the Hyperloop.