How Did Elon Musk Make His Money?
Elon Musk’s wealth comes primarily from his ownership stakes in two companies he co-founded: Tesla and SpaceX. His wealth is a result of his early success with Zip2 and PayPal, followed by his visionary leadership and ownership stakes in Tesla and SpaceX, both companies at the forefront of their respective industries.
- Zip2 Corporation: Elon started his first company, Zip2, with his brother in 1995. This company provided online city guides for newspapers. He made his first big money when Compaq bought Zip2 for about $307 million in 1999.
- X.com and PayPal: Next, Elon founded X.com, an online payment company, in 1999. This company later became PayPal, a very popular way to pay for things online. eBay bought PayPal in 2002 for $1.5 billion, and Elon made more money from this sale.
- SpaceX: In 2002, Elon started SpaceX, a company that makes rockets and sends them to space. SpaceX has made a lot of money by sending satellites into space and working with NASA.
- Tesla, Inc.: Elon joined Tesla, a company that makes electric cars, in 2004. Tesla has grown a lot and sells many cars now. Its stock (shares of the company you can buy) has become very valuable, making Elon a lot of money.
- Other companies: Elon has also started or is involved in other companies like SolarCity (solar energy), Neuralink (brain-computer interfaces), and The Boring Company (tunnel construction).
As per Forbes, Elon Musk CEO of Tesla has a net worth of $195.3B
Company | Business Area | Estimated Revenue or Value |
---|---|---|
SpaceX | Aerospace | $6.0 billion |
Tesla, Inc. | Electric Vehicles & Energy | $96.8 billion (USD) |
Neuralink | Neuroscience | $3.7 million |
The Boring Company | Infrastructure & Tunneling | $2.7 million |
SolarCity (now part of Tesla) | Solar Energy | $730 million |
Social Media | $3.4 billion |
Read more about – Elon Musk Net Worth
Elon Musk (Biography, Latest News, Companies, Wife and Children)
Elon Musk is the richest man in the world, with an estimated net worth of US $189 billion as of February 2024, according to the Bloomberg Billionaires Index, and $196 billion according to Forbes, primarily from his ownership stakes in Tesla and SpaceX. Elon Musk’s net worth in rupees is Rs. 2,10,000 crore (approx. conversion).
Table of Content
- Latest Elon Musk News 2024
- Musk’s Early Life and Education
- Elon Musk Wife
- Elon Musk Children
- How Did Elon Musk Make His Money?
- Elon Musk Companies
- Elon Musk’s Future Projects and Visions
- Elon Musk Book
- Elon Musk vs. Mark Zuckerberg
- Grimes and Elon Musk
Elon Musk |
|
---|---|
Age: |
52 years |
Nationality: |
American, Canadian, and South African |
Net Worth: |
$198 Billion |
Height: |
1.80 M (5′ 11”) |
Monthly Income: |
$200 Million (Approx.) |
Salary: |
$2400 Million (Approx.) |
Date of Birth: |
June 28, 1971 |
Companies Founded | SpaceX, Tesla, Inc., Neuralink, The Boring Company, OpenAI, PayPal (X.com) |
Education | University of Pennsylvania (BS and BA) |
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