How Much Money Does Elon Musk Have? Is He now The Richest Person?
Founder of SpaceX and CEO of Tesla Motors, Elon Musk is one of the richest men on Earth. He is also the first person to achieve a net worth of more than $300 billion. In addition to his billions from the two companies, Musk has invested in several other projects. Some of his ventures have been in space travel, artificial intelligence, and online payment systems.
In the early years of his career, Musk earned a bit of money, mainly from the development of a video game. He sold his first game, Blastar, to PC and Office Technology magazine for $500. Later, he invested his profits in X.com, which merged with Confinity in 2000 to become PayPal. He earned $180 million from the deal, which was bought by eBay for $1.5 billion in 2002.
The sale of PayPal boosted Musk’s net worth by $2 billion. In 2013, he approached Larry Page, the CEO of Alphabet, about selling his company to the search engine. Musk had an offer to buy Twitter for $3 billion, but his bid fell through. He has since been sued by Twitter. He has also tried to sell Tesla to Apple CEO Tim Cook, but failed. This attempt cost him an additional $8.5 billion in stock.
Elon Musk has also taken a role in other ventures, such as The Boring Company, an underground tunnel construction company. He has also donated money to nonprofits, such as the Future of Life Institute and the Wikimedia Foundation. He is also a member of the Warren Buffett Giving Pledge, which asks billionaires to donate a certain percentage of their net worth to charity. In total, Musk has given $280 million to charities since 2002.
Elon Musk has a net worth of around $240 billion. He is not rich by American standards, but his fortune is largely based on his holdings in Tesla stock. He is also the founder of SpaceX, which transports people and supplies to the International Space Station. Currently, SpaceX is building a prototype of a reusable space vehicle, called the Starship, and is raising billions of dollars for Starlink, a space transportation system.
Elon Musk has a large number of assets, including an Audi Q7, a Jaguar E-Type Series 1 Roadster, and a McLaren F1. He also owns a home in California and a lot of real estate in South Africa. In addition, he has a large number of options, which he has cashed in. He has paid less than half his salary at Tesla in most years. His pay is directly related to the performance of the company’s shares.
Elon Musk has been active in the political arena, criticizing President Joe Biden’s administration, as well as a few Democratic lawmakers. He is also a proponent of the “spend money to make money” philosophy. Currently, he is a member of the “Big Green” movement and has donated millions of dollars to the Wikimedia Foundation and the Future of Life Institute. He has also been known to attack Democratic lawmakers, including Senator Elizabeth Warren and Senator Ted Cruz.