Elon Musk net worth is over $200 billion dollars, which makes him the richest man on earth. The thing with his net worth is that it is constantly increasing and he is always making something that would allow him to earn more money.
With his net worth exponentially rising and so far, there are no signs that it would be falling down, people are trying to understand how he managed to get so much money over his name..
If you are one of the many people that are asking how much is Elon Musk net worth, you came to the right place.
Elon Musk Net Worth 2022
In this blog, we are going to talk about Elon Musk Net Worth 2022 and how he managed to get his money that big!
Before we talk about anything, let’s talk about Elon Musk and what he runs and owns as of July 2022.
Elon Musk co-founded around 6 companies, which includes Tesla, SpaceX, a rocket and space agency, and the Boring Company, which is a tunneling startup.
The most profitable business for Elon Musk is the SpaceX company, which he founded in 2002 and is now worth $125 billion USD, which happened after a funding in 2022.
After that comes Tesla, a car and data company, where he holds around 25 percent of the stocks and its options.
The other company that he co founded is the Boring Company, which aims to defeat traffic and as of 2022, it has raised around $657 million USD, and has a valuation of nearly 6 billion USD.
For a second, let’s stop talking about Elon Musk Net Worth, and instead, allow us to give you a proper overview about him so you can know some of his personal details such as real name, nickname, age, nationality and where he is actually from.
Here are some of the lesser known information about Elon Musk Net Worth:
- Real Name – Elon Reeve Musk
- Nickname – Iron Man of Real Life
- Birthday – June 28, 1971
- Age – 51 years old as of 2022
- Nationality – South Africa (1971–present), Canada (1989–present), American (2002–present)
- Religion – Elon Musk is an Atheist
- Born In – Pretoria, Transvaal, South Africa
- Hometown – Pretoria, Transvaal, South Africa
When it comes to his family, the name of his father is Errol Musk, who was an Electromechanical Engineer and a Pilot. His mother is Maye Musk, a former model and a dietitian, his brother is kimbal Musk and lastly, the name of his sister is Tosca Musk, who works as a filmmaker.
For his education, Elon Musk went to schools in South Africa. After some time he realized that it would be easier for him to enter the United States of America if he went to Canada first, which is why he applied for a Canadian passport through his Canadian-born mother.
While he was waiting for the documentation, he attended the University of Pretoria for around 5 months, which allowed him to avoid mandatory service in the South African military.
In June of 1989, Elon Musk arrived in Canada and lived with a second cousin in Saskatchewan for around a year, where he noted that he worked at a farm and a lumber-mill and in 1990, he went to the Queen’s University in Kingston, Ontario.
In 1992, he transferred to the University of Pennsylvania, where he completed studies for a Bachelor of Arts degree in physics and a Bachelor of Science degree in economics from the Wharton School in 1995.
A year before he completed his studies, Musk already had 2 internships in Silicon Valley during the summer. He had one at In 1994, energy storage startup Pinnacle Research Institute, which investigated electrolytic ultra-capacitors for energy storage and the other one was at the Palo Alto-based startup Rocket Science Games.
After graduating in economics, he was accepted to a Doctor of Philosophy program in materials science at Stanford University in California, however, he dropped out of Stanford just after 2 days and instead, he joined the Internet boom and launched a startup.
In the beginning of his business ventures, he and Kimabl, his brother, along with Greg Kouri founded web software company Zip 2 with the funds that they borrowed from the father of Musk. The company developed and marketed an internet city guide for the newspaper publishing industry with maps, directions and yellow pages.
The thing with Zip 2 is that Elon worked really hard for it.
To make it work, the website was up during the day and during night time, Elon Musk was coding. He did this every single day all the time until they obtained contracts with The New York Times and the Chicago Tribune.
After that, he persuaded the board of directors to abandon plans for a merger with City Search.
Later on, Compaq, a company, acquired Zip 2 for around $307 million in cash in February of 1999, where Elon Musk received around $22 million for his 7 percent of share.
After selling Zip 2, Elon Musk net worth co-founded X.com, which is an online financial and e-mail payment company.
At that time, it was the first federally insured online banks and in just a couple of months, more than 200,000 customers availed the services that they were offering. The investors of the company though had something different in mind and regarded Elon Musk net worth as an inexperienced person, which is why they replaced him with Bill Harris as the new CEO.
The following year, X.com merged with Confinity, an online bank, with hopes of avoiding competition
At that time, Confinity had its own online money transfer platform, which was known as PayPal and from that, the name of X.com became PayPal.com.
In 2002, PayPal was acquired by eBay for around $1.5 billion in stock, and Elon Musk Net worth was the largest shareholder at that time, with around 11.72 shares, and once the deal was finalized, he got around $175.8 million.
After PayPal, Elon went on to gamble all his money into SpaceX, which is now the leading rocket booster making company in the world.
The rest is history and Elon is now the richest man on this planet!
Do you think we missed out anything important about Elon Musk net worth as of 2022? Let us know what we missed out by leaving a comment in the comments section below!
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