Elon Musk: One of the World’s Richest Entrepreneur


Net Worth of Elon Musk

Elon Reeve Musk is the founder, CEO, and Chief Engineer of SpaceX; an early-stage investor, Tesla’s CEO, and Product Architect; the co-founder of Neuralink and OpenAI; and an early-stage investor, Tesla’s CEO and Product Architect. Musk is the world’s wealthiest individual, with an estimated net worth of approximately $304 billion as of January 2022. He is also a business tycoon and a great entrepreneur.

Musk is the son of a Canadian mother and a South African father, and he was born in Pretoria, South Africa. He temporarily studied at the University of Pretoria before fleeing the country at the age of 17 to avoid conscription. He began his education at Queen’s University before going to the University of Pennsylvania to get a bachelor’s degree in economics and physics two years later. In 1995, he came to California with the intention of attending Stanford University but instead opted to engage in business with his brother Kimbal, co-founding Zip2. Compaq paid $307 million in 1999 to acquire the firm. After that, in 1999, Musk was one of the co-founders of X.com, an online bank that merged with Confinity to establish PayPal in 2000.

Elon Musk.jpg
Elon Musk.jpg

Net Worth History of Elon Musk

Firstly, Elon’s net worth was $28 billion on January 1, 2020. He had a net worth of $170 billion at the end of 2020.

On July 10, 2020, Elon’s net worth crossed $70 billion for the first time. At that time, the privately held SpaceX accounted for around $15 billion, while Tesla accounted for the remaining $55 billion.

Elon Musk’s net worth surpassed $90 billion for the first time in August 2020, thanks to two major events. First, Tesla stock touched an all-time high of $1,900 in mid-August. The company’s overall market capitalization was $350 billion at the time. Elon’s $70 billion shares were worth 20% of the company. The second element was SpaceX’s market value increase, which was confirmed on August 18, 2020. SpaceX’s private valuation jumped to $46 billion from $36 billion following the investment round. Elon’s 48 percent ownership, valued at $46 billion, adds $22 billion in pre-tax riches to his net worth.

Early Life of Elon Musk

Musk was born in Canada. Moreover, his father was South African, and his mother was Canadian. From a young age, he had shown a natural ability for technology and business. At a very early age of 12 years, he developed his own video game and sold it to a computer magazine. Musk departed South Africa in 1988 after obtaining a Canadian passport because he refused to participate in compulsory military service in favour of apartheid and wanted to explore other better economic opportunities in the United States.

Early Achievements of Elon Musk

Technology was one bright point in Musk’s life. When he was 10 years old, he learnt to programme on the Commodore VIC-20, a low-cost home computer. He sold the game’s BASIC code to PC and Office Technology magazine for $500.