Elon Musk has made a lot of money from different businesses, such as PayPal, SpaceX, and Tesla. He also owns 15% of Tesla through shares, that adds to his massive net worth.
Musk started Zip2 in 1995, an online local business directory. In 1999, Compaq Computer Corp. acquired Zip2 for $307 million, which then became a part of the search engine AltaVista. The sale rewarded Musk with $22 million.
Then he started an online bank called X.com. In 2000, X.com merged with Confinity, and in 2002, it was renamed PayPal. When eBay acquired PayPal for $1.5 billion in 2002, it is estimated that Musk earned around $170 million, after taxes.
In 2002, Musk founded SpaceX, an aerospace manufacturer, whose current value is estimated at $74 billion. He joined Tesla in 2004 and was appointed its CEO in 2008. It is thought that the car company is worth more than $1 trillion. According to CNN Business, he has also founded The Boring Company, a tunneling construction company, which has been valued at nearly $5.7 billion.
Additionally, Musk co-founded the nanotechnology company Neurolink and AI research company Open AI. He invested in SolarCity, which was subsequently acquired by Tesla for $2.6 billion.
Who is Elon Musk?
Elon Reeve Musk is a business owner and investor. Elon Musk is the founder, CEO, and chief engineer of SpaceX; an angel investor, CEO, and product architect of Tesla, Inc.; the founder of The Boring Company; co-founder of Neuralink and OpenAI; president of the Musk Foundation; and the owner and CEO of Twitter, Inc.
As of October 27, 2022, Musk is thought to have a net worth of around $210 billion. This makes him the richest person in the world, according to both the Bloomberg Billionaires Index and Forbes's real-time billionaires list.
What is Elon Musk’s current net worth?
Elon Musk is currently worth $210 billion as of October 2022.
Where did Elon Musk study?
Musk attended several schools, including Waterkloof House Prep School, Bryanston High School, and Pretoria Boys High School, from which he graduated. Musk applied for a Canadian passport through his Canadian-born mother, knowing that this would make it easier to immigrate to the United States. While waiting for his application to be processed, he went to the University of Pretoria for five months, which allowed him to avoid having to serve in the South African Defense Force.
Musk arrived in Canada in June 1989 and lived with a second cousin in Saskatchewan for a year. He worked odd jobs at a farm and lumber-mill. In 1990, he went to Queen's University in Kingston, Ontario. Two years later, he transferred to the University of Pennsylvania, where he completed studies for a bachelor's degree in physics and a bachelor's degree in economics from the Wharton School in 1995.
He is said to have hosted large, ticketed house parties to help pay for tuition, and to have written a business plan for an electronic book-scanning service similar to Google Books.
In 1994, Musk had two internships in Silicon Valley: one at the energy storage startup Pinnacle Research Institute, which looked at electrolytic ultracapacitors for energy storage, and another at the Palo Alto-based startup Rocket Science Games. In 1995, he was accepted to a Doctor of Philosophy (PhD) program in materials science at Stanford University. But Musk decided to join the Internet boom instead and applied for a job at Netscape, to which he never got a response.
Where was Elon Musk born?
Elon Musk was born in Pretoria, South Africa.
FAQs
Q. How tall is Elon Musk?
A. Elon Musk reportedly stands at 5 feet 11 inches.
Q. How old is Elon Musk?
A. Elon Reeve Musk was born on June 28, 1971. He is currently 51 years old.
Q. Where does Elon Musk live?
A. According to sources, Elon Musk currently lives in Boca Chica, Texas, USA.
Q. How much is Elon Musk worth?
A. Elon Musk is worth $210 billion as of November 2022.
