Elon Musk is currently the world’s richest person, having made billions through hard work, dedication, and smart moves. Tesla, SpaceX, X (Twitter), and other business ventures and tech investments are the primary sources of his income.
Musk was born in Pretoria, South Africa, and his tech-savvy skills came out at the age of 12 when he created the software “Blaster.” After dropping out of university, he pursued a career in the tech business. As a result, he is the richest person in the world, surpassing Jeff Bezos, Mark Zuckerberg, and Bill Gates.
Currently, on October 25, 2024, Tesla stock surged up to $34 billion, making a huge impact on Musk’s net worth. However, the title of world’s richest person has generated much public interest to know what Elon Musk’s Net worth is.
Let’s Dive into it.
Elon Musk Net Worth
According to Forbes, Elon Musk has an approximate net worth of $330.1 billion, making him the world’s richest person. He earns money from different sources, such as Tesla, SpaceX, X, and other ventures.
Musk is the CEO and product architect of Tesla, an electric vehicle company. He owns about 13% of Tesla, and with stock options, his total stake is around 20%.
Musk founded SpaceX in 2002 with money from the sale of PayPal. He owns 42% of SpaceX and has 79% voting control.
Musk owns around 75% of X, the company that operates the social media platform.
Elon Musk founded Boring infrastructure company in 2016, which aims to reduce traffic jams by moving highways underground. His stake in the company is worth an estimated $3 billion.
Musk announced xAI. artificial intelligence company in 2023, and its product, Grok, was released in 2024. The company’s value is currently estimated at around $24 billion. Musk is also involved with Neuralink.
Elon Musk Early Life Highlights
Elon Musk was born in Pretoria, South Africa, on June 28, 1971. Musk has had a keen interest in computers and the internet since childhood; he bought a computer at the age of ten. He used to play computer games and sell homemade chocolate Easter eggs with his brother, which shows his interest in entrepreneurship.
Musk’s childhood was difficult because his parents divorced, and he left home and moved to Canada. He studied physics and business at the University of Pennsylvania. He continued his studies in economics and physics but dropped out of Stanford University without completing PhD in energy physics.
Personal Life
Elon Musk married Justine Wilson in 2000 but unfortunately divorced in 2008. Musk married Talulah Riley in 2010, but the couple split in 2012. However, surprisingly, they married again in 2013, which also resulted in divorce in 2016.
He has also been romantically involved with Grimes, a Canadian musician. The couple has two children, and Musk is the father of 12 children overall.
Bio Data of Elon Musk
- Full Name: Elon Musk
- Date of Birth: June 28, 1971
- Age: 53
- Source of wealth: Tesla, SpaceX, and other tech investments
- Residence: Austin, Texas
- Citizenship: American, Canadian, South African
- Education: Graduation in economics and energy Physics, University of Pennsylvania
How Did Elon Musk Become successful?
Even though Musk created his first software at an early age, his success began in 1995 when he started Zip2 with his brother Kimbal Musk. It was an online city guide. However, they sold Zip2 corporation to Compaq Computer in 1999. Compaq paid $34 million in stock and $307 million in cash.
The following year, Musk co-founded a financial online payment system software, X.com. The acquisition of X.com led to the creation of PayPal. However, the PayPal was sold to eBay in 2002 for $1.5 billion.
After selling PayPal the same year, Musk started his new corporation, SpaceX. The purpose of the project was to build a spacecraft with the intention of traveling in space.
After a few years, in 2008, NASA gave SpaceX a project to handle international space cargo transportation. Additionally, they plan to travel astronauts in the future. As of now, SpaceX is worth around $210 billion.
A year after starting SpaceX, Musk Co-founded Tesla Motors along with Marc Tarpenning and Martin Eberhard. Tesla started to produce budget-friendly electric cars. Toyota and Tesla collaborated and announced their public offering in 2010.
