London, Europe Brief News –Entrepreneur and investor Elon Reeve Musk is the CEO of Tesla Motors. The Boring Company, Neuralink, OpenAI founder and CEO, and SpaceX founder and CEO are just a few of his many accomplishments. He is also the CEO and Chief Engineer at Tesla, Inc., and an angel investor and CEO at SpaceX. According to the Bloomberg Billionaires Index and the Forbes real-time billionaires list, Elon Musk Net Worth will raise over $200 billion soon.
Early Life
Musk, who was raised by a father who was an engineer and a mother who was a nutritionist in South Africa, moved to Canada when he was 17 to attend university there rather than serve in the army under apartheid. Graduated with bachelor’s degrees in Physics and Economics from Penn. Entered Stanford University after graduation. After only a few days, he dropped out to focus on his three primary passions: the Internet, green energy, and outer space.
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Career Journey
In 1995, he founded Zip2, an online publishing platform, and sold it for more than $300 million four years later. X.com, an online payment system, resulted from part of the profits he received from the sale. When PayPal was sold to eBay for $1.5 billion in 2002, he merged it with the e-commerce site.
NASA Space X
NASA selected SpaceX, a privately owned rocket business, to take over the International Space Station’s resupply mission, which will be his next assignment. When Tesla was launched in 2010, he and Elon Musk co-founded it a year after he co-founded the firm. It was also the year when the corporation raised money via an initial public offering (IPO).
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Solar City
SolarCity, his third business, sold solar power installations. Tesla acquired SolarCity on November 21, 2016, after a public sale of shares in 2012.
Other Ventures
In April 2012, Tesla CEO Elon Musk signed Warren Buffett’s Giving Pledge. By the end of 2020, Tesla had become the world’s most valuable automaker, and Musk had become the world’s wealthiest person. When he announced in October 2021, he said that Tesla would relocate its headquarters from Palo Alto to Austin, Texas.
In April 2022, Tesla CEO Elon Musk announced that he had bought a share in Twitter Inc., a social media firm. The board of directors finally decided to recommend that Musk’s bid to acquire the rest of the company be accepted.
How Much is Elon Musk Net Worth?
As per reports, Elon Musk Net Worth is an estimated $193 billion. A June 2022 investment round valued SpaceX at around $125 billion. According to an FCC filing from Nov. 15, 2016, Musk owns 54% of the privately held corporation via a trust. According to Bloomberg’s calculations, his ownership has eroded to around 47% over the years.
The net value of his 92.9 million exercisable Tesla stock options, as calculated by Bloomberg, is included in his net worth.
