Elon Musk Net Worth:
$198 Billion
Elon Musk could be a African nation-born Canadian-American businessperson, artificer and capitalist. Elon Musk includes a internet value of $198 billion. tho' he wears several hats and is consistently topping his latest project, he's presently known for being because the chief executive officer and CTO of SpaceX, chief executive officer and chief product designer of Tesla Motors and chairman of SolarCity. He holds the record for being the richest person within the world and therefore the richest person in fashionable history.
As of this writing Elon Musk owns roughly pure gold of Tesla's outstanding shares and forty third of the privately-held SpaceX. In Oct 2021 Tesla's market cap bust $1 trillion for the primary time. that very same month SpaceX raided cash at a $100 billion valuation. At now Elon's internet value teetered around $300 billion for the primary time.
Elon's internet value flat-topped $70 billion for the primary time on July ten, 2020. At that time roughly $15 billion was owing to the privately-held SpaceX and therefore the remaining $55 billion was from Tesla.
On July 13, 2020 once Elon's internet value hit $80 billion for the primary time, $15 billion came from SpaceX and $65 billion came from Tesla.
In August 2020 2 necessary factors pushed Elon's internet value higher than $90 billion for the primary time. First, in time period Tesla shares hit AN incomparable high of $1,900. At that level the company's total market cap was $350 billion. Elon's two hundredth stake was value $70 billion. The second issue was AN raised valuation of SpaceX that was formally confirmed on August eighteen, 2020. The fundraising spherical raised SpaceX's personal valuation to $46 billion, up from $36 billion. At a valuation of $46 billion, Elon's forty eighth stake adds $22 billion in pre-tax wealth to Elon's internet value.
On November seventeen, 2020 Elon's internet value flat-topped $100 billion for the primary time. At that time he surpassed Mark Zuckerberg to become the third-richest person on the earth for the primary time.
On November twenty four, 2020 Elon's internet value flat-topped $128 billion for the primary time. At that time he surpassed Bill Gates to become to the second-richest person within the world for the primary time. thereon day he was $54 billion far from Jeff Bezos' $184 billion internet value and his internet value had formally raised $100 billion since January one, 2020.
On January seven, 2021 Elon's internet value hit $195 billion. On this present day Elon eclipsed Jeff Bezos because the richest person within the world for the primary time.
On January eight, 2021 Elon complete the week with a internet value of $210 billion when beginning the week value $170 billion.
In Oct 2021 once Tesla's market cap flat-topped $1 trillion and SpaceX's valuation was $100 billion, Elon's internet value was $300 billion.
On November first, 2021, once Tesla's market cap flat-topped $1.2 trillion, Elon Musk's internet value was $335 billion.
Elon takes no wage as chief executive officer of Tesla. He instead includes a extremely uncommon and very remunerative bonus set up tied to the company's market cap milestones. once the set up was solid, Tesla was value around $50 billion. There area unit twelve total milestones supported $50 billion market cap will increase. Elon hit each single milestone and so qualified to receive all $100 billion from the bonus set up. Shares associated with this set up area unit free quarterly when the Board of administrators confirms the milestone was achieved.
Elon Musk was born June twenty eight, 1971 in Pretoria, South Africa. Musk bought his initial laptop at the age of ten and educated himself the way to program. once he was twelve he created his initial software system sale—a game he created known as workman. At age 17, in 1989, he moved to North American nation to attend Queen's University, however left in 1992 to review business and physics at the University of Pennsylvania. Musk graduated with AN undergrad degree in political economy and continuing on to earn a second baccalaureate in physics then pursued a Doctor of Philosophy in energy physics. He born out of university, however, to become an area of the net boom.
Musk's initial company, Zip2 Corporation, was an internet town guide. In 1999 a division of Compaq laptop bought Zip2 for $307 million in money and $34 million available choices. conjointly in 1999, Musk co-founded X.com, an internet money services/payments company. An X.com acquisition the subsequent year diode to the creation of PayPal, because it is understood nowadays, and in 2002 PayPal was noncharitable by eBay for $1.5 billion available.
Musk based his third company, area Exploration Technologies Corporation (SpaceX), in 2002 with the intention of building craft for industrial spaceflight. By 2008, areaX was well-established and independent agency awarded the corporate the contract to handle loading transport for the International Space Station—with plans for spaceman transport within the future.
Next was Tesla Motors, AN automobile company dedicated to manufacturing reasonable, mass-market electricals cars. Tesla was based in 2003 by Martin Eberhard and brandy Tarpenning. Elon at the side of Ian Wright and J.B. Straubel were the company's initial workers and retroactively named co-founders.
With a stake within the company taken by industrialist and a strategic partnership with Toyota, Tesla Motors launched its initial public giving in June 2010, raising $226 million. In 2012, Musk ANd SpaceX created history once the corporate launched its Falcon nine rocket into area with an pilotless capsule. In 2013, he free a plan for a replacement sort of transportation known as the Hyperloop, meant for travel at speeds larger than 700 mph to commute between major cities. As opposition railroads, the Hyperloop would use tubes for transportation. Musk says the Hyperloop may take from seven to ten years to be engineered, tested and prepared to be used.

As of this writing, Elon Musk owns forty third of rocket maker SpaceX and pure gold of Tesla.
In a 2019 legal deposition, Musk explained that he truly is somewhat cash-poor which ninety nine of his personal wealth is owing to shares in Tesla and SpaceX. The case conjointly unconcealed that Musk's base wage at Tesla is $56,380. He declines the wage in most years. At the time of the case Musk had $500 million value of debt with the bulk owed to Morgan Stanley and Emma Goldman Sachs. Roughly least $60 million of his Morgan Stanley debt was home mortgage-related. He has since sold-out off most of his homes and re-paid this mortgage debt.
In January 2018, the Tesla board disclosed a compensation set up for Musk that might eventually be value $100 billion. The set up demanded Musk to receive up to $100 billion available choices over a decade in 12-tranches. the primary chunk of choices were granted once Tesla hits a market cap of $100 billion (roughly double the worth once the set up was announced). From that time on, Elon received another of the tranches anytime the corporate will increase in market cap by $50 billion.
If he didn't win any of the twelve tranches, he would have received zero compensation.
Within 3 years Elon unsecured all twelve tranches of the compensation set up as Tesla's market cap ultimately zoomed higher than $1 trillion for the primary time in Oct 2021.
Elon has been married thrice, doubly to constant girl – role player Talulah poet. He was married to Canadian author Justine Wilson from 2000 to 2008. They share 5 sons. He has conjointly been romantically committed role player Amber detected and Canadian musician Grimes. In could 2020, Grimes and Elon welcome a baby boy named X Æ A-Xii.
Elon antecedently owned $100 million value of realty in American state alone. within the Northern American state city of Hillsborough he continues to have a 100-year-old, 16,000 square-foot villa that sits on nearly 50-acres. He bought this house for $23.364 million in 2017.
In Southern American state he at just the once owned six homes within the l. a. neighborhood of Bel-Air. His Bel-Air footprint enclosed a twenty,000 square-foot house that he bought for $17 million in 2012, a 7,000 square-foot house he bought for $20 million in 2015 and a nine,300 square-foot house he purchased in 2016 for $24.25 million. In 2020 Elon shocked the globe by asserting his intention to sell all of his worldly belongings, beginning along with his LA homes. faithful his word, he proceeded to dump every home. He sold-out four homes right away to at least one customer in December 2020.
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