Elon Musk Net Worth is estimated to be $318.4 billion in August 2021
Get to know all about Elon Musk Net Worth, Family, Biography, House, Real Estate are all information right here.
Early Childhood & Life of Elon Musk
Elon Musk was born on June 28, 1971, in Pretoria, South Africa. About his parents background; his father was an engineer from South Africa and a Canadian mother, as a nutritionist.
While he spent his childhood and grew up in South Africa, he later years of his teen (around 17) had then immigrated to Canadain order to avoid serving in the apartheid-era South African army. He landed in the U.S. as a transfer student to the University of Pennsylvania from where he completed his graduation degree in physics & economics.
Elon Musk started displaying an early talent for computers and entrepreneurship. When he was of age 12 he created a video game; Blastar and sold it to a computer magazine called PC and Office Technology, for approximately 500 USD.
In 1988, after obtaining a Canadian passport, Musk left South Africa because he was unwilling to support apartheid through compulsory military service and because he sought the greater economic opportunities available in the United States. He enrolled in graduate school in physics at Stanford University in California, but he left after two days because he felt that the Internet had much more potential to change society than work in physics.
Elon Musk Career
“With Elon Musk net worth of $335 billion, he is the world’s richest man. The Tesla and SpaceX CEO is so rich that his net worth is more than the GDP of several countries”.
Together with his brother, he started a software company called Zip 2a company that provided maps and business directories to online newspapers. It functioned somewhat like Google Maps. Zip 2 was sold by Musk to the COMPAQ company for $307 million in cash and $34 million in stock options.
Also in 1999, Musk co-founded X.com, an online financial services/payments company. An X.com acquisition the following year led to the creation of PayPal, as it is known today, and in 2002 PayPal was acquired by eBay for $1.5 billion in stock.
He later founded another Space Exploration Technologies Corporation popularly known as SpaceX, in 2002 with a dream of building spacecraft for commercial space travel. By 2008, SpaceX was well-established and NASA awarded the company the contract to handle cargo transport for the International Space Station—with plans for astronaut transport in the future.
An automobile company by the name Telsa, dedicated to producing affordable, mass-market electric cars. This was founded in 2003 by Martin Eberhard and Marc Tarpenning.
Elon Musk is now three times richer than Warren Buffett
lon Musk’s wealth past a new milestone: It now eclipses famed investor Warren Buffett’s fortune by a factor of three. However, Buffett’s philanthropy helped explain why is there a growing gap between his and Musk’s fortune. Warren Buffettstated that as an investor it has donated a portion of his Berkshire stock every year to various charitable organizations, including the Bill & Melinda Gates Foundation. Buffett, 91, said in June that the value of his gifts over the past 16 years totaled $41 billion.
Elon Musk Family
Elon met his first wife, while attending Queen’s University, and they married in 2000. In 2002, their first child, son Nevada Alexander Musk, died of sudden infant death syndrome (SIDS) at the age of 10 weeks. However, while the couple decided to use IVF to continue their family, they had Twins Xavier and Griffin were born in April 2004. Which was then followed by triplets Kai, Saxon, and Damian in 2006. The couple divorced in 2008 .
In 2008, Musk began dating English actress Talulah Riley, got married in 2010 In 2012, Musk announced a divorce from Riley only to get remarried in In 2013. A second divorce was finalized in 2016 but its come to know that he also dated Amber Heard for several months in 2017.
Key Life Stages towards Elon Musk Networth of USD Billions.
|1||1981||Buys first computer at age 10|
|2||1983||Creates and sells his first commercial software game, Blastar.|
|3||1999||Develops an online payment system called X.com|
|4||2000||Merges X.com with PayPal’s parent company, Cofinity|
|5||2002||PayPal acquired by eBay for $1.5 billion|
|6||2002||Establishes SpaceX in a former airplane hangar near LAX|
|7||2003||Begins designing the all-electric Tesla Roadster.|
|8||2008||SpaceX delivers its first satellite into space|
|9||2010||Tesla Motors begins trading on the NASDAQ stock exchange|
Here are 11 quotes from Elon Musk that will inspire you to take on the impossible:
“When something is important enough, you do it even if the odds are not in your favor.”
“If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.”
“There have to be reasons that you get up in the morning and you want to live. Why do you want to live? What’s the point? What inspires you? What do you love about the future? If the future does not include being out there among the stars and being a multi-planet species, I find that incredibly depressing.”
“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.”
“Persistence is very important. You should not give up unless you are forced to give up.”
“It’s OK to have your eggs in one basket as long as you control what happens to that basket.”
“If you go back a few hundred years, what we take for granted today would seem like magic-being able to talk to people over long distances, to transmit images, flying, accessing vast amounts of data like an oracle. These are all things that would have been considered magic a few hundred years ago.”
“We’re going to make it happen. As God is my bloody witness, I’m hell-bent on making it work.”
“The first step is to establish that something is possible; then probability will occur.”
“I think it is possible for ordinary people to choose to be extraordinary.”
“I could either watch it happen or be a part of it.”
Elon Musk Companies
- Zip2 Corporation. Musk launched his first company, Zip2 Corporation, in 1995 with his brother, Kimbal Musk. …
- PayPal. …
- SpaceX. …
- Tesla Motors. …
- SolarCity. …
- The Boring Company. …
- Hyperloop. …
- AI and Neuralink.