Brussels, Europe Brief News – Elon Musk is a SouthAfrican-born Canadian-American Businessman and investor. Elon Musk Net Worth is around $220.5 billion till date.
Elon Musk was born on June 28, 1971, in Pretoria city of South Africa. At the very initial age, Musk had an interest in the Computer program.
He bought himself a computer at the age of 10 and sold his first game software called blaster. At the age of 17, he moved from Canada to attend Queen’s University but left in three years to study business and Physics at the University of Pennsylvania.
He is widely known for being the CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors and chairman of SolarCity.
Although Elon Musk Networth is in billions but in a 2019 legal deposition, Musk explained that he is somewhat cash-poor and that 99% of his wealth is attributable to shares in Tesla and SpaceX.
History of Elon Musk Net Worth
On January 1, 2020, Musk’s net worth was just $28 billion. However, he ended the year on a splendid note with a net worth of $170 billion. The year 2020 holds a significant Importance in his life as he got his breakthrough after years of struggle.
Elon Musk net worth hit $70 billion for the first time on July 10, 2022. At that point, almost $15 billion was attributable to SpaceX while the Remaining $55 billion was from Tesla motors.
In August 2020, Elon Musk got his breakthrough and there were majorly two reasons which pushed Elon’s net worth above $90 billion.
First, in mid-August Tesla’s share hit a record high of $1,900 and the second reason was that his company SpaceX experienced an increased valuation. The fundraising round increased SpaceX’s private valuation to $46 billion from the previous $36.
On November 17, 2020, net worth of Tesla founder crossed the $100 billion mark to make him the third-richest person in the world and saw him surpassing Facebook owner Mark Zuckerburg.
On November 24, 2020, Musk’s net worth hit the $128 billion mark for the first time in history. At that point, he surpassed Microsoft owner Bill Gates to become the second richest in the world. On that day he was just $54 billion shies away from Jeff Bezos.
Elon Musk Net worth in 2021 topped $195 billion to overthrow Jeff Bezos to become the richest person in the world for the first time.
On January 8, 2021, Elon Musk ended the week with a net amount of $210 billion by starting the week with just $170 billion.
Elon Musk net Worth in 2022 has reached a point where he has left every other billionaire way behind with his success. His Current net worth in 2022 is $220.5 billion.
