Elon Musk gained fame by developing some of the most forward-thinking tech firms in the world today, such as the manufacturer of electric vehicles Tesla, and the space exploration firm SpaceX. Â Elon Musk net worth as 2024 was $226 billion USD.Â
In this article, we’ll discover Elon Musk net worth, age wealth, wife, and family. Entrepreneur and investor Elon Reeve Musk (/iln/ EE-lon; born June 28, 1971) is a business entrepreneur.
What Is Elon Musk Net Worth ?
In 2002, Elon Musk profited $175.8 million from the sale of PayPal to eBay.With a $2 billion net worth, he was first included on the Forbes Billionaires List in 2012.
Elon Musk net worth was $27 billion at the beginning of the year 2020. By year’s end, his net worth was up by $150 billion, mostly due to his ownership of about 20% of the equity in Tesla.
Elon Musk net worth was erratic throughout this time. For instance, on September 8 it fell $16.3 billion, the biggest decline in a single day in the Bloomberg Billionaires Index’s history at the time. Musk surpassed Microsoft co-founder Bill Gates to become the second-richest person in the world a week after passing Facebook co-founder Mark Zuckerberg to become the third-richest person in the world in November of that year.
Having a net worth of $185 billion, Musk overcame Jeff Bezos, the founder of Amazon, to claim the title of richest person in the world in January 2021. The next month, Bezos regained first place. After Tesla’s stock price soared on September 27, 2021, Forbes said that Musk was the world’s richest person and had a net worth of over $200 billion. Musk became the first individual to reach a net worth of over 300 billion dollars in November 2021.
Elon Musk Net Worth Downfall
According to a report dated December 30, 2022, Musk had lost $200 billion from his net worth as a result of falling Tesla stock prices, making him the first person in history to suffer such a significant financial loss. Regarding his business losses from November 2021, Musk was recognized by Guinness World Records in January 2023 as having suffered the “largest loss of personal fortune in history”; Forbes estimated the damage at $182 billion
Musk’s family office, Excession LLC, which was established in 2016 and is directed by Jared Birchall, is in charge of managing Musk’s personal riches.
Real Name | Elon Musk |
HomeTown | U.S |
Age | 52 years |
Assets | $53.2 billion |
Elon Musk Net Worth | $226Billio |
Founder | Tesla |
Tesla Ownership | $106 billion |
X Ownership | $8.8 billion |
Elon Musk Net Worth Resources
Company | Earning | Employees |
Tesla | $850 billion | 127,855 |
The Boring Company | $5.7 billion | 200 |
PayPal | $82 billion | 29,900 |
SpaceX | $150 billion | 11,000 |
Neuralink | $5 billion | 500 |
Tesla
Tesla, which was established in 2003, has risen to the top of the electric car industry. In 2004, Musk joined Tesla as an investor and rose to the position of board chairman before taking over as CEO in 2008. Tesla debuted its first automobile in 2008, and in 2012, the publication Consumer Reports ranked the Model S as the best car overall. In the summer of 2020, Tesla overtook Ford as the most valuable automaker in the world, and in the autumn of 2021, it reached a market value of $1 trillion before declining in 2022.
After Musk tweeted that he might take the firm private for $420 per share and that money had been obtained, despite the fact that there was insufficient support for the claim, Musk, and Tesla agreed to each pay $20 million to resolve securities fraud charges brought by the SEC. As part of the settlement, Musk was also required to resign for three years from his position as Tesla’s chairman.
Paypal
Musk founded X.com using the proceeds that he received from selling Zip2, a software startup that helped newspapers publish online city guides, to Compaq Computer in 1999. Later, he merged the business with money transfer provider Confinity, and the two entities came together to form PayPal.
Musk made around $180 million after deductions on his 11.7 percent ownership in PayPal, which was sold to eBay in 2002 for $1.5 billion. For PayPal’s founders and early employees, the sale of the company resulted in substantial riches, which they used to form and invest in other software businesses. The founders of PayPal, which currently includes the CEO of Affirm and political activist Peter Thiel, are known as the “PayPal Mafia.”
SpaceX
SpaceX, which builds rockets and spaceships for journeys to Earth’s orbit and eventually, the firm claims, to other planets, has Musk as its CEO and chief designer. Musk founded SpaceX in 2002 with the majority of the money he made from PayPal. The business has earned contracts to design rockets for NASA and the U.S. Air Force.
Despite the fact that SpaceX is a privately held firm, Musk reportedly owned 42 percent of the company via a trust, citing a 2022 filing seen by Bloomberg.
The Boring Company
The Boring Company aims to reduce urban traffic and enable high-speed, long-distance travel by fusing quick, economical tunneling technology with an electric public transport system. The business constructed a 1.15-mile research and development tunnel in Hawthorne, California, and is now constructing the Vegas Loop, a public transit system at the Las Vegas Convention Centre.
Neuralink
According to the firm’s website, Neuralink is creating ultra-high bandwidth brain-machine interfaces to link human brains to computers. The business disclosed raising $205 million from many venture capital companies and investors in 2021, including Google.
Elon Musk Twitter
Musk, a longtime active user with a sizable following, revealed a 9% interest in social media giant Twitter in April 2022. He finally decided to buy the entire business, but afterwards tried to back out of the agreement. In April 2022, Musk revealed that he had a 9% investment in Twitter, which caused Twitter shares to skyrocket.
Twitter accepted Musk’s $44 billion bid offer on April 25, 2022, valuing the firm at $54.20 per share. The merger deal between Musk and Twitter is up for termination as of July 8, 2022, according to Musk, who claims he hasn’t gotten enough information to know how many bogus accounts are present on the network.
In May 2023, Musk declared that NBCUniversal executive Linda Yaccarino had been appointed as the next CEO of Twitter.
On June 5, 2023, The New York Times reported that, compared to the same time period in 2022, Twitter’s ad revenue dropped by 59 percent from April 1 through the first week of May.
On July 24, 2023, Musk introduced a new X logo, claiming that it would take the place of Twitter’s blue bird and prepare the firm for a possible entry into the financial services sector.
Elon Musk Biography
On June 28, 1971, in Pretoria, one of South Africa’s main cities, Elon Reeve Musk was born. Musk originated from Pennsylvania Dutch and British people. His mother, Maye Musk (née Haldeman), is a model and dietician who was reared in South Africa after being born in Saskatchewan, Canada. Errol Musk, his father, is a South African electromechanical engineer, pilot, sailor, consultant, and real estate entrepreneur who had a stake in an emerald mine in Zambia that was close to Lake Tanganyika. Musk has a younger sister named Tosca and a younger brother named Kimbal.
When Musk was younger, his family was affluent. His father, a member of the anti-apartheid Progressive Party who was elected to the Pretoria City Council, has stated that his children shared their father’s opposition to apartheid. Joshua Haldeman, a Canadian of American ancestry, flew his family on record-breaking trips to Australia and Africa in a Bellanca single-engine plane. Musk decided to live largely with his father when his parents separated in 1980. Later, Musk began to regret his choice and severed ties with his father. He has a half-sister and a half-brother from his father.
Elon Musk’s Wife & Girl Friend
Musk initially wed Justine Wilson, a Canadian novelist, in 2000 while both were students at Queen’s University in Ontario, Canada. At the age of 10 weeks, their first child passed away in 2002 from sudden infant death syndrome.
In 2004 they were blessed with twins, and in 2006 they had triplets. Following their divorce in 2008, the couple divided custody of the kids. One of the twins legally changed her name to Wilson in 2022 in order to match her gender identification as a trans woman and because she no longer desired to be linked with Musk. The Financial Times described Musk’s claim that his daughter was estranged from him as “the purported takeover of prestigious institutions and colleges by
Musk began a relationship with English actress Talulah Riley in 2008. Two years later, they got hitched at Scotland’s Dornoch Cathedral. The pair had a divorce in 2012 before getting remarried in 2013.
Elon Musk Girlfriend
Musk and Canadian artist Grimes made their relationship public in 2018. In May 2020, Grimes gave birth to their son Musk and Grimes claims that his original name was “X A-12” (/ks ae e twlv/). But the name would have been illegal in California since it contains characters that are not found in the current English alphabet, thus it was modified to “X A-Xii.” Since is not a letter in the current English alphabet, this caused more misunderstanding.
Insider released court records in July 2022 that showed Musk and Shivon Zilis, Neuralink’s director of logistics and special projects, had twins in November 2021. They were born before to Musk and Grimes’s December surrogate delivery of their second kid. Given that Zilis directly reported to Musk, the story “raises questions about workplace ethics.” The Wall Street Journal also stated in July 2022 that Sergey Brin and Nicole Shanahan, the spouse of Musk’s co-founder of Google, had a relationship in 2021 that caused them to get divorced the following year. Musk rejected the allegation.
Read About Dj Khaled, Amber Heard & Dave Chappelle Net Worth
Elon Musk House
Currently, Musk rental agreements a Boca Chica, Texas, home that is owned by his space exploration business. The 400-square-foot prefab tiny house costs $50,000 and was built by the Boxable housing firm. My primary residence is a $50k house that I rent from SpaceX in Boca Chica or Starbase.
Elon Musk Car Collection
Elon Musk, the CEO of Tesla,’s Car Collection- Many people are surprised to learn that Elon Musk does not just own electric vehicles despite being the founder and CEO of the electric vehicle manufacturer Tesla. He does own a few Teslas, but throughout the years he has also had a lot of unusual vehicles.
Elon Musk Private Jet
In 2003, Musk declared that an L-39 Albatros was his favorite plane. He utilizes a private plane that is owned by Falcon Landing LLC, a corporation affiliated with SpaceX, and in August 2020 he purchased a second jet. Critics have criticized his frequent use of the jet—it traveled over 150,000 miles in 2018—and the ensuing use of fossil fuels.
What is Elon Musk Net Worth In 2023?
The net worth of Elon Musk in 2023 is $280 Billion.
How many children does Elon Musk have?
Elon Musk has 10 children. He has a relationship with many girlfriends.
What is Elon Musk age?
Elon Musk is 52 years old.
How tall is Elon Musk?
Elon Musk height is 1.86 m.
What is the name of Elon Musk wife?
Elon Musk and Justine Musk married in 2000 and divorced in 2008.
Elon Musk and Talulah Riley married in 2010 and divorced in 2012.
What is Elon Musk Net Worth In 2022?
Elon Musk Net Worth was $44 Billion in 2022.
What is Elon Musk Net Worth In 2021?
Elon Musk Net Worth is $340 Billion in November 2021.