How much money does Elon Musk have?

Last Modified Nov 4, 2022 06:05 GMT
Source: Twitter


According to Forbes' report on Elon Musk, which counts his fortune in real-time, his net worth is $223.5 billion. This makes him richer than Jeff Bezos and Bernard Arnault (and family), who have respective net worths of $159.5 billion and $134.4 billion.


Tesla, SpaceX, and "Self Made" were listed as Elon Musk's "source of wealth" in Forbes. Musk does have a sizable ownership in a number of other businesses, such as Twitter, Neuralink, and the Boring Company, a firm that builds tunnels. Even though Musk owns 25% of the company's shares and options, he has pledged half of them as collateral to secure loans. It is estimated that Tesla alone generated $31.5 billion in sales in 2020, following its first full-year profit.


After May 2022, SpaceX, Musk's privately held space corporation started in 2002, will be valued at $127 billion, quadrupling in value in only three years. Some initiatives, such as the $5.7 billion value of the Boring Company, which aims to reduce traffic, garnered $675 million this year.


Who is Elon Musk?


Elon Reeve Musk was the oldest of his three siblings when he was born in Pretoria, South Africa, in 1971. His mother was a Canadian model and nutritionist, while his father was a South African engineer. Musk mostly resided with his father after the two were divorced in 1980, although the two didn't get along well, and Musk subsequently referred to him as "a terrible human being; almost every bad deed you can imagine, he has committed".


Before relocating to the United States, Musk lived briefly in Canada. There, he studied physics at the University of Pennsylvania and began his career as a software entrepreneur, finding initial success with businesses like Zip2 and X.com, which subsequently merged with another business to become PayPal.


Particularly on Twitter, Musk has advocated divisive views on politics and many technologies. Additionally, he has come under fire for making inaccurate claims and publishing false information about COVID-19. In 2018, Musk was sued by the U.S. Securities and Exchange Commission (SEC) for tweeting that he had raised money for a private acquisition of Tesla, which the SEC deemed to be inaccurate and misleading. He reached a settlement with the SEC without expressing regret and temporarily resigned as chairman of Tesla. In 2019, he prevailed in a slander lawsuit brought by a British cave diver who had provided guidance for the Tham Luang cave rescue.


He is currently recognized as the CEO of the electric vehicle and rocket companies Tesla and SpaceX respectively, and he has just completed the acquisition of Twitter.


Source: Instagram



Why did Elon Musk buy Twitter?


With a clip of himself entering the Twitter offices holding a sink, Elon Musk announced his acquisition of the social media site. Musk said, "Let it sink in: we're inside Twitter HQ."


According to him, it is crucial for society to have a shared digital town square where a wide variety of opinions may be discussed in a civilized manner without resorting to violence. This is why he bought Twitter.


The Tesla CEO has already stated several times that he encourages free speech but that it must adhere to the law. According to reports, Musk also wants to get rid of spam accounts and bots from the site. In a TED lecture, he claimed that getting rid of crypto bots, which may defraud investors online, is a "high priority."


Because bots may be used to impersonate humans, there is a risk that they will be used to spread disinformation or false information because fraudulent accounts could result in the proliferation of biased material.


Source: Instagram


Who is Elon Musk’s spouse?


Elon Musk reportedly has nine children, has dated several celebrities, and has gone through three divorces. However, one of his offspring has asked to end their relationship with him, according to Business Insider. He married Canadian novelist Justine Wilson in 2000, and the two have been divorced since 2008.


Talulah Jane Riley-Milburn, an English actress and writer who wed Musk in 2010, was his second wife. The couple's marriage was sporadic, as seen by their divorce in 2012, their subsequent remarriage in 2013, and their subsequent divorce in 2016. As per Cosmopolitan, Elon Musk is presently seeing Australian actress Natasha Bassett. The two have reportedly been dating for years under comparable "on and off" conditions.


FAQs


Q. What is the net worth of Elon Musk?

A. Elon Musk is the richest person in the world, according to statistics from Forbes and Bloomberg Billionaire Index, with a net worth of $223 billion.


Q. Does Musk belong to a wealthy family?

A. In Musk's early years, his family was affluent. His father, a member of the anti-apartheid Progressive Party, was elected to the Pretoria City Council; it is said that his children share their father's opposition to apartheid.


Q. What happened with Elon Musk’s first company, Zip2?

A. Greg Kouri, Elon Musk, and his brother Kimbal launched Zip2 in 1995. They received $28,000 from Errol Musk as financing. The business created a map-based online city guide including instructions and yellow pages and promoted it to the media. Musk coded the website every night as the team labored in a modest rental office in Palo Alto. Finally, Zip2 was able to secure deals with the Chicago Tribune and the New York Times. The brothers convinced the board of directors to reject a combination with CitySearch, but Musk's bid to take over as CEO was rebuffed. In February 1999, Compaq paid $307 million in cash to purchase Zip2, and Musk got $22 million for his 7% ownership.


Q. What is the name of Elon’s children?

A. Griffin, Vivian, Kai, Saxon, Damian, and X are Musk's first six children, apart from the three new additions.



Related Stories

Who should Mark Zuckerberg fight next? Former UFC star suggests a few interesting matchups Who should Mark Zuckerberg fight next? Former UFC star suggests a few interesting matchups
Who should Mark Zuckerberg fight next? Former UFC star suggests a few interesting matchups
Mortgage your house on Zuck? Fans place their bets after Elon Musk challenges Mark Zuckerberg to an MMA fight Mortgage your house on Zuck? Fans place their bets after Elon Musk challenges Mark Zuckerberg to an MMA fight
Mortgage your house on Zuck? Fans place their bets after Elon Musk challenges Mark Zuckerberg to an MMA fight
Why did Adidas apologize for their Bella Hadid ad? Backlash over the 1972 Munich Olympics shoe campaign explored Why did Adidas apologize for their Bella Hadid ad? Backlash over the 1972 Munich Olympics shoe campaign explored
Why did Adidas apologize for their Bella Hadid ad? Backlash over the 1972 Munich Olympics shoe campaign explored  
1d
"How Leave the World Behind started"— Internet reacts by comparing CrowdStrike global outage to plot of recently released film "How Leave the World Behind started"— Internet reacts by comparing CrowdStrike global outage to plot of recently released film
"How Leave the World Behind started"— Internet reacts by comparing CrowdStrike global outage to plot of recently released film
20h
What happened to Craig Clark aka Goose2659's son? Fans extend condolences in wake of recent tragedy What happened to Craig Clark aka Goose2659's son? Fans extend condolences in wake of recent tragedy
What happened to Craig Clark aka Goose2659's son? Fans extend condolences in wake of recent tragedy
1d
Justin Long and Kate Bosworth’s relationship timeline explored as ‘Barbarian’ star shares an unexpected story on food poisoning Justin Long and Kate Bosworth’s relationship timeline explored as ‘Barbarian’ star shares an unexpected story on food poisoning
Justin Long and Kate Bosworth’s relationship timeline explored as ‘Barbarian’ star shares an unexpected story on food poisoning
1d
What causes Psoriasis? Kim Kardashian shares how her facial inflammation interfered with 2022 Met Gala Appearance What causes Psoriasis? Kim Kardashian shares how her facial inflammation interfered with 2022 Met Gala Appearance
What causes Psoriasis? Kim Kardashian shares how her facial inflammation interfered with 2022 Met Gala Appearance
How many kids does Jayda Cheaves have? Social media influencer claps back at criticism over swimwear ad featuring children How many kids does Jayda Cheaves have? Social media influencer claps back at criticism over swimwear ad featuring children
How many kids does Jayda Cheaves have? Social media influencer claps back at criticism over swimwear ad featuring children
3h
Who was J Michael Cline married to? All about the Fandango owner in the wake of his death at 64 after the NYC hotel fall Who was J Michael Cline married to? All about the Fandango owner in the wake of his death at 64 after the NYC hotel fall
Who was J Michael Cline married to? All about the Fandango owner in the wake of his death at 64 after the NYC hotel fall 
Who is TaylorSwiftHockeyBro and what did he do? Allegations explored as YouTuber faces fan backlash over messaging minors Who is TaylorSwiftHockeyBro and what did he do? Allegations explored as YouTuber faces fan backlash over messaging minors
Who is TaylorSwiftHockeyBro and what did he do? Allegations explored as YouTuber faces fan backlash over messaging minors
22h
App download animated image Get the free App now