What is Elon Musk’s Net Worth?
Elon Musk is an American serial entrepreneur, social media influencer, and the new owner of Twitter.
He is famous for starting multiple successful companies including PayPal, Tesla, and SpaceX, which he believes are important for the future of humanity.
Elon Musk has a net worth of $164 billion dollars as of 2023, making him the 2nd richest man in the world. He made most of his fortune by selling PayPal for $180 million dollars, and then using the proceeds to build multiple successful companies including Tesla and SpaceX.
Elon Musk says he is not motivated by money. Instead, his primary goal is to build successful companies to improve the future of humanity.
He started Tesla to fight climate change and increase the usage of renewable energy sources, while SpaceX is designed to make humanity a multi-planetary species by colonizing Mars – a goal he hopes to achieve by 2030.
Elon Musk even claims he bought Twitter in 2022 for the right reasons, but some people believe he had ulterior motives…
In this guide we learn EXACTLY how Elon Musk grew his net worth, including how he became the richest man in the world, how he builds successful companies, and how he became one of the world’s biggest social media influencers.
We will also answer your most important questions, including:
- Why did Elon Musk buy Twitter?
- Does Elon Musk really live in a $50,000 dollar house?
- Does Elon Musk really plan to drop nuclear weapons on Mars?
…And much more!
We even show you Elon Musk’s top tips for starting your own successful companies and increasing your net worth…
Elon Musk 2023 Complete Profile
- Net Worth: $164 billion dollars
- Profession: Entrepreneur
- Monthly Income: $1.3 billion
- Yearly Income: $15.3 billion
- Born: June 28, 1971
- Age: 51 years old
- Nationality: South African
- Citizenship: United States
- Zodiac Sign: Cancer
- Partner: Grimes (2018 – present)
What Is Elon Musk’s Net Worth?
Elon Musk has an estimated net worth of $164 billion dollars as of 2023, making him the second richest man in the world (right behind Bernard Arnault).
Elon Musk was the richest man in the world from November 2021 – November 2022, with a peak net worth of $340 billion dollars.
Most of Elon Musk’s fortune was tied up in Tesla stock options, which peaked at $400 dollars per share in January 2022. Unfortunately, the share price of Tesla stock dropped by more than 50% in 2022, which wiped out more than half of Elon Musk’s total net worth.
Despite this temporary setback, Elon Musk is still determined to invest his own money into his two major companies, SpaceX and Tesla.
“I always invest my own money in the companies that I create. I don’t believe in the whole thing of just using other people’s money.
I don’t think that’s right. I’m not going to ask other people to invest in something if I’m not prepared to do so myself.”
Elon Musk is determined to reclaim his spot as the richest man in the world in 2023.
So how did Elon Musk build his $164 billion dollar net worth in the first place? In other words, how did Elon Musk get rich?
Elon Musk got rich by building, growing, and selling some of the most successful companies in the world. He started multiple successful internet companies in the late 1990s, including Zip2 and PayPal.
He sold these companies for millions of dollars, and then reinvested his money into other companies including Tesla and Space X.
How Did Elon Musk Get Rich?
- Sold Zip2 in 1999 for $22 million
- Sold PayPal in 2001 for $180 million
- Founded SpaceX in 2002, now worth $62 billion
- Founded Tesla in 2004, now worth $64 billion
- Purchased Twitter in 2022, now worth $42 billion
Elon Musk says both Tesla and SpaceX were close to going bankrupt between 2005 – 2010.
He had a decision to make: do I invest my remaining money into one company, and let the other one die? Or do I split my remaining money between both companies, knowing that they will both likely die?
Elon Musk chose the second option, splitting his remaining money between Tesla and SpaceX.
He barely kept both companies alive, and today they are some of the most valuable companies in the world.
“Work like hell. I mean you just have to put in 80 to 100 hour weeks every week. [This] improves the odds of success.
If other people are putting in 40 hour workweeks and you’re putting in 100 hour workweeks, then even if you’re doing the same thing…
You know that you will achieve in four months what it takes them a year to achieve.”
Elon Musk says he is very “cash poor.” In other words, he has very little cash sitting in his bank accounts.
Instead, he has almost all of his vast fortune invested in his businesses, like Tesla, SpaceX, Twitter, and The Boring Company.
Elon Musk’s Biggest Assets
- Musk owns 15% of Tesla
- Musk owns 44% of SpaceX
- Musk owns $17 billion in cash
Other successful entrepreneurs like Bill Gates, Steve Jobs, Warren Buffet, and Jeff Bezos used a similar strategy: they went all-in on their businesses, and the rest, as they say, is history!
Elon Musk Net Worth By Year
- January 2013: $2.7 Billion
- January 2014: $8.0 Billion
- January 2015: $10.5 Billion
- January 2016: $11.8 Billion
- January 2017: $10.7 Billion
- January 2018: $20.4 Billion
- January 2019: $22.3 Billion
- January 2020: $28.5 Billion
- January 2021: $170 Billion
- January 2022: $270 Billion
- January 2023: $156 Billion
How Much Money Does Elon Musk Make?
Elon Musk’s net worth increased by over $150 billion dollars in the past 10 years.
Unlike most people, he does NOT have a regular salary. Instead, he makes most of his money with stock options through his various companies including Neuralink and Tesla.
Fortunately, we can calculate his yearly income by looking at how fast his net worth increases each year! Check it out:
Elon Musk Income (Yearly, Monthly, Daily)
- Per Year: $15.3 Billion
- Per Month: $1.3 Billion
- Per Week: $294.2 Million
- Per Day: $42 Million
- Per Hour: $1.75 Million
- Per Minute: $29,200
- Per Second: $486.50
Elon Musk makes $15.3 billion per year, $1.3 billion per month, $294.2 million per week, $42 million per day, $1.75 million per hour, $29,200 per minute, and $486.50 per second!
In other words, Elon Musk makes more in one hour than most of us make in our entire lives! Amazing!
Is Elon Musk The Richest Person In The World?
Elon Musk became the richest person in the world in November 2021 with an estimated net worth of $340 billion dollars.
The stock price of Tesla increased to an unbelievable $414.50 per share, and because Elon Musk has a 14% ownership stake in the company, his net worth absolutely skyrocketed!
Unfortunately Tesla Stock is down by more than 50% from its previous high, and Elon Musk’s net worth has been cut in half from $340 billion in November 2021 to just $164 billion at the start of 2023.
Right now the richest man in the world is Bernard Arnault, with an estimated net worth of $180.2 billion.
Elon Musk says he doesn’t worry too much about his net worth; instead, he focuses on building successful companies that solve import problems for the human race.
“I don’t spend my time pontificating about high-concept things; I spend my time-solving engineering and manufacturing problems.”
This is a great attitude to have. Your income is directly correlated to the amount of value you offer to other people in the free market.
If you can solve important problems in the world (like Elon Musk), then you will be very rich!
In case you were curious, here is a list of the richest people in the world today:
The 10 Richest People In The World (Updated 2023)
- Bernard Arnault – $180 billion
- Elon Musk – $164 billion
- Gautam Adani – $134 billion
- Bill Gates – $108 billion
- Jeff Bezos – $108 billion
- Warren Buffett – $105 billion
- Larry Ellison – $103 billion
- Mukesh Ambani – $102 billion
- Steve Ballmer – $91 billion
- Larry Page – $81 billion
What do all of these people have in common?
The truth is they all became billionaires by going all-in on 1 or 2 major companies. Elon Musk built his fortune with Tesla and SpaceX, Bill Gates founded Microsoft, and Jeff Bezos started Amazon.
Elon says it’s ok to go all in on 1 big idea – as long as you have total control over it.
“It’s OK to have your eggs in one basket as long as you control what happens to that basket.”
Elon Musk may not be the richest man in the world right now, but we expect that to change sometime in 2023!
Was Elon Musk Born Rich?
Elon Musk is the 2nd richest man in the world, with an estimated net worth of $164 billion dollars. But was he always rich?
Was he born into a rich family… or is he truly a self-made millionaire?
Elon Musk was NOT born rich. Instead, he made his wealth by building and selling several profitable companies like Zip2 and Paypal.
Elon Musk says he was interested in technology from a very young age. He was born on June 28th, 1971 in Pretoria, South Africa.
His mother Maye Musk was a dietician and model, while his father Errol Musk was an electromechanical engineer.
Elon Musk says he knew right away he was smarter than the other kids he grew up with. By the time he was 9 years old he already read all of the books in his library, including the encyclopedias!
“I thought I was insane. It was clear that other people… their minds weren’t exploding with ideas.
I hoped they wouldn’t find out, because they might put me away or something!”
By the time Elon was 12 he built and sold his first video game called “Blastar.”
He also famously completed a 6 month computer programming course in just 3 days.
When Elon Musk was 17 years old he moved to Canada to attend Queen’s University. However, he quickly transferred to the Wharton School at the University of Pennsylvania, and graduated 4 years later with dual degrees in business and physics.
Elon Musk then attended a graduate program at Stanford for 2 days, but he quickly dropped out of school to build internet companies like Zip2 and PayPal.
“You don’t need college to learn stuff. Everything is available basically for free. You can learn anything you want for free.
Bill Gates is a pretty smart guy, he dropped out of college. Steve Jobs dropped out of college, he’s pretty smart too.
Obviously college is not needed.”
Elon Musk says dropping out of graduate school was one of the best decision he ever made, as now he had time to build his internet businesses and become a self-made millionaire!
How Did Elon Musk Make His Money?
Elon Musk was not born into a rich family. Instead, he became a self-made millionaire by starting several profitable companies including PayPal, Tesla, SpaceX, and The Boring Company.
Like most billionaires, Elon Musk does NOT have a fixed salary. Instead, he makes most of his money as shareholders in these publicly traded companies.
For example, Tesla and SpaceX are now worth hundreds of billions of dollars, and Elon Musk owns a big percentage of these companies!
His net worth has increased by more than $150 billion dollars in the past 10 years, showing that his plan was a complete success!
Here is a list of Elon Musk’s most profitable companies:
List Of Elon Musk Businesses
- Business #1: Zip2
- Business #2: PayPal
- Business #3: SpaceX
- Business #4: Tesla
- Business #5: SolarCity
- Business #6: OpenAI
- Business #7: Neuralink
- Business #8: The Boring Company
- Business #9: Twitter
Let’s take a closer look at each of these businesses.
Elon Musk Makes Money With Zip2
Elon Musk started his first major business called Zip2 in 1995.
His goal was to create a resource that allowed you to map directions on the internet – almost like an earlier version of “Google Maps.”
He also wanted to create a primitive blogging system on the internet, where you could create and share information.
“In 1995 I was trying to do something useful for the internet. I wrote something that allowed you to map directions on the internet.
And then something that allowed you to do online manipulation of content, kind of a really advanced blogging system.
And then we started talking to small newspapers and media companies, and we started to get some interest.”
Elon Musk started Zip2 with his brother, and in 1999 he sold the company to Compaq for an unbelievable $307 million dollars!
Elon Musk owned 7% of the company, which means he earned $22 million dollars for selling Zip2.
Elon Musk Makes Money With PayPal
Elon Musk founded PayPal in 1999, right after he sold Zip2 for $307 million dollars.
PayPal was originally called X.com, and Elon’s goal was to create a “digital bank” where all of your financial service needs would be integrated into one user-friendly interface.
“The goal with PayPal was to create an agglomeration of financial services, so you have 1 place where all of your financial service needs would be integrated seamlessly.”
When Elon Musk showed PayPal to potential customers, they were relatively uninterested in most of the available features. However, they LOVED the ability to perform e-mail payments.
PayPal took off, and a few years later Elon Musk sold his shares in PayPal to a company called Confinity for an unbelievable $180 million!
Elon Musk Makes Money With SpaceX
Elon Musk started SpaceX on March 14th, 2002. He just sold PayPal for $180 million dollars, and he was ready for his next big project.
Elon was surprised when he found out that NASA didn’t have any plans to go to Mars, so he decided to build his own rocket ships with the goal of colonizing the red planet!
In 2008 had his first successful rocket launch, and his company began making money.
Elon says we need to find a way to send humans to Mars, as if we don’t, the human race will eventually go extinct on Earth.
“The future of humanity is going to bifurcate in two directions: Either it’s going to become multi-planetary, or it’s going to remain confined to one planet, and eventually, there’s going to be an extinction event.”
Elon Musk says the key to getting humans to Mars is to bring down the cost of the trip.
And the key to doing that is to develop rockets that land themselves after being launched. That way, you can reuse a rocket over and over, without having to build a new one from scratch.
This reduces the operating costs of the company, and dramatically increases their profits.
“The revolutionary breakthrough will come with rockets that are fully and rapidly reusable.
We will never conquer Mars unless we do that. It’ll be too expensive.
The American colonies would never have been pioneered if the ships that crossed the ocean hadn’t been reusable.”
Today SpaceX makes money by fulfilling NASA contracts, and by setting up satellites for it’s “Starlink” internet service.
Elon says he plans to send the first humans to MARS by 2030.
Elon Musk Makes Money With Tesla
Tesla was founded by Martin Eberhard and Marc Tarpenning in 2003.
The mission of the company was simple: “to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible.”
This mission resonated with Elon, and in 2004 he joined Eberhard and Tarpenning as one of the founding members of the company.
“The goal with Tesla was to show people what electric cars could do. People had the wrong impression.
They thought electric cars were slow, and had low range… like a golf cart.
But today Tesla’s electric cars are luxury performance vehicles.”
Elon Musk had to split his time between Tesla and SpaceX, which made scaling the company difficult. However, Elon Musk was more than up to the challenge, and by 2008 he was named the chairman and CEO of Tesla.
In order to incentivize Elon Musk to grow the company quickly, the Tesla board of directors gave Elon Musk an extremely lucrative, albeit unusual bonus plan in 2018 that was tied to the company’s market cap.
This plan had 12 milestones, and every time Elon Musk hits one of these milestones he is rewarded with a massive bonus in the form of Tesla shares and stock options!
“Elon will receive no guaranteed compensation of any kind – no salary, no cash bonuses, and no equity that vests by the passage of time.
Instead, Elon’s only compensation will be a 100% at-risk performance award, which ensures that he will be compensated only if Tesla and all of our stockholders do extraordinarily well.”
When this plan was first developed, Tesla had a market cap of approximately $50 billion dollars.
Today Tesla has a market cap of over $200 billion dollars, and Elon Musk was rewarded with a 14% ownership of this publicly traded company, making it his single most important asset.
Today Tesla is the most valuable car company in the world, with a market cap of approximately $200 billion dollars!
Most of Elon Musk’s $164 billion dollar net worth is tied up in Tesla stocks and stock options, and as the value of Tesla increases, so will his wealth!
Elon Musk Makes Money With SolarCity
Elon Musk started yet another company in 2006 called Solar City. Elon’s goal was to speed up the adoption of solar panels as a “clean” energy source.
Elon Musk is worried about climate change and the effect humans are having on the environment, so he designed many of his companies including Tesla and Solar City to combat this problem.
“The world could be powered many times over by solar. The amount of energy that reaches the earth from the sun is staggeringly high.
We have this enormous fusion generator sitting in the sky. The power output from the sun is unbelievable.”
One of the primary goals of Solar City was to make solar panels cheaper, so that more consumers could actually use them to power their homes.
Elon argues that solar power is an untapped source of energy, as it is very cheap and has the capability to power entire economies!
“You could power the entire United States with about 150 to 200 square kilometers of solar panels, the entire United States.
Take a corner of Utah… there’s not much going on there, I’ve been there. There’s not even radio stations.”
Solar city was extremely successful, but it was eventually bought out by Tesla in 2016 for $2.6 billion dollars.
Elon Musk Makes Money With OpenAI
Elon Musk started a new company called OpenAI in December 2015.
Unlike SpaceX and Tesla, this company was NOT designed to make Elon Musk fabulously rich.
Instead, the goal was to speed up the development of artificial intelligence in a responsible manner, so that it would benefit mankind in the future, instead of harming it.
Elon started this venture with Sam Altman and other investors, and he pledged over $1 billion of his own money to the project.
“With artificial intelligence, we are summoning the demon.
In all those stories where there’s the guy with the pentagram and the holy water, it’s like, yeah, he’s sure he can control the demon. Didn’t work out.”
Elon Musk says he has very little control over the company.
However, he believes AI is one of the biggest threats to humanity in the future, so he wants to do everything in his power to make sure it is developed in a safe, responsible manner.
Elon Musk Makes Money With Neuralink
Spinal cord injuries are among the most devastating injuries in the modern world.
Many individuals are left unable to walk or use their limbs after suffering an injury to their spinal cord. Elon Musk wants to change this with his new company, Neuralink.
Neuralink has one mission: to develop computer chips that can be implanted in humans to help them regain control of non-functioning limbs.
For example, an individual who is paralyzed from the waist down may be able to regain use of their legs using one of his computer chips.
“Our goal is to solve important brain and spine problems.
Almost everyone has neurological problems over time, so we need a generalized brain device that is reliable and affordable.”
So far Elon Musk and his team at Neuralink have successfully implanted computer chips into the skulls of pigs and monkeys.
In 2021 one of his test monkeys was able to play a video game using his mind!
Elon says Neuralink is ready to begin testing on human subjects in 2023. It is unclear how much money Elon Musk is making from Neuralink, as it is a privately owned company.
Elon Musk Makes Money With The Boring Company
One of Elon Musk’s latest business ventures is called The Boring Company. No – this is not a joke!
The mission of The Boring Company is to “build the tunnel infrastructure necessary to enable fast, safe, and comfortable transportation, including Loop and Hyperloop.”
Elon Musk is currently working on building tunnels underneath Los Angeles that people could use to speed up their commute to work.
After that, he plans on building tunnels all throughout the continental United States!
“Traffic is driving me nuts.
Am going to build a tunnel boring machine and just start digging…
business shall be called The Boring Company.”
Elon Musk says he is using investment funding, merchandise sales, and direct investments from his own net worth to fund the company.
So far The Boring Company has not made a profit. However, that may change in the near future!
Elon Musk Makes Money With Twitter
Believe it or not, Elon Musk purchased Twitter on October 27th, 2022.
As you may already know, Twitter is a social media platform that allows users to communicate with each other using short, 140-character-or-less messages.
Elon Musk says he bought twitter for $44 billion dollars because he was concerned about the lack of free speech on the platform.
He believes free speech is essential for society, and he believes the previous owners were not doing a sufficiently good job of promoting free speech policies at their platform.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.
I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”
Now that he has bought Twitter, Elon Musk is interested in making the company more profitable.
So far he has fired most of his staff, increased advertising revenue, and offered a “blue check” to any user for $8 dollars per month.
Elon Musk Wife, Kids, And Family
Elon Musk believes the single biggest threat that humanity faces in the near future is civilization collapse due to low birth rates.
In other words, he believes not enough people are having children, and this will lead to the collapse of civilization in many countries – including the United States.
To combat this potential threat, Elon Musk has had 10 children with 3 different women!
Elon Musk Family Life And Dating
- Married three times: once to Canadian author Justine Wilson, twice to American actress Talulah Riley
- Has ten children: Griffin, Xavier, Damian, Saxon, Kai, X Æ A-Xii, and 4 others (names unknown)
- Popular with women: Elon Musk has dated Amber Heard, had a recent affair with Nicole Shanahan (wife of google co-founder), and is currently dating the American musician Grimes
Elon Musk continues to be one of the most notorious playboys in the United States, sleeping with high-profile celebrities like Amber Heard and others.
What Real Estate Does Elon Musk Own?
Elon Musk previously owned some of the most expensive and exclusive real estate in the United States.
At one point he owned $100 million worth of real estate in California alone, including a $24 million mansion in Northern California.
Today Elon Musk lives in a $50,000 home in Austin, Texas which he describes as “totally awesome.”
What Does Elon Musk Think About Climate Change?
Elon Musk believes that climate change is one of the biggest threats that humanity faces in the future, along with artificial intelligence, collapsing birth rates, and species-ending events such as asteroid strikes.
“We’re running the most dangerous experiment in history right now, which is to see how much carbon dioxide the atmosphere… can handle before there is an environmental catastrophe.”
To combat climate change, Elon Musk has started numerous “sustainable energy” companies including Tesla and Solar City.
Elon says that he did not expect Tesla to succeed and become profitable. He thought it would be almost impossible to manufacture and sell electric vehicles at scale.
Instead, his primary goal was to accelerate the adoption of electric vehicles, such that other major auto manufacturers like Toyota and Honda would begin developing their own electric vehicles sooner.
“Why does Tesla exist? Why are we making electric cars? Why does it matter?
It’s because it’s very important to accelerate the transition to sustainable transport…
This is really important for the future of the world.”
This far Tesla has been an enormous success, and has propelled Elon Musk’s net worth to a peak of $340 billion dollars in 2022.
It remains to be seen if Elon can continue to build on his previous successes, and continue to grow Tesla into the world’s premier luxury car manufacturer.
Is Elon Musk Going To Colonize Mars?
Elon Musk believes there are two possible futures for humanity: one future where humans are forever confined to Earth, and another where humans are able to colonize other planets and become a multi-planetary species.
Elon started his rocket ship company SpaceX to colonize Mars and make humanity a multi-planetary species.
He says the future is much more exciting when we are out among the stars, colonizing other planets and expanding the scale and scope of human consciousness!
“I think there are really 2 fundamental paths. History is going to bifurcate along two directions.
One path is we stay on earth forever, and there will be some eventual extinction event. Eventually history suggests there will be some doomsday event.
The alternative is to become a multi-planetary species, and I believe that is the right way to go!”
Elon says he wants to send humans to Mars by 2030 at the very latest.
He believes the biggest challenge with colonizing Mars is just making it affordable to send a rocket ship to the red planet.
In order to make this more affordable, he is developing high-power reusable rockets.
Elon says once he solves the problem of building a rocket that can get people to Mars relatively cheaply, the process of colonizing the planet becomes possible.
“Right now, you couldn’t fly to Mars for $1 trillion. No amount of money could get you to Mars.
We need to get that to, like, something that is actually possible at all.”
Of course, it would be impossible to live on Mars right now. The red planet has no atmosphere and is way too cold to sustain life.
To combat this problem, Elon Musk recommends dropping nuclear weapons on the north and south pole of Mars!
This would melt the frozen carbon dioxide at the poles, and gradually warm up the planet due to a “greenhouse gas” effect.
“The fastest way to warm up Mars is to drop nuclear weapons over the poles.
This will release frozen carbon dioxide into the atmosphere and quickly warm up the planet to life-sustaining temperatures.”
Elon Musk says he is on track to send humans to Mars by 2030 at the very latest.
Why Did Elon Musk Buy Twitter?
Elon Musk bought Twitter on October 27th, 2002 for an unbelievable $44 billion dollars.
He says he bought twitter because he was concerned that the platform was no longer promoting free speech policies.
Elon believes that free speech is the foundation for a functioning democracy, and once free speech is destroyed, tyranny and authoritarianism is right around the corner.
“For Twitter to deserve public trust, it must be politically neutral, which effectively means upsetting the far right and the far left equally.”
So far Elon Musk has made several major changes to Twitter, including embracing more free-speech policies, firing most of his staff, increasing ad revenue, and offering $8 dollar blue checkmarks to anyone on the platform.
Why Did Elon Musk Get High With Joe Rogan?
Elon Musk famously smoked weed with Joe Rogan on a 2018 episode of The Joe Rogan Experience.
Elon says he got in a lot of trouble for this, even though he only smoked one puff of the blunt!
“I know a lot of people like weed, and that’s fine, but I don’t find that it’s very good for productivity.
Weed is like a cup of coffee in reverse.”
Elon Musk says he never smokes weed, as it crushes his productivity.
He was questioned by the SEC and other governing agencies for weeks after the event, and his companies including SpaceX and Tesla took a hit following the release of the episode.
Elon Musk Frequently Asked Questions
- FAQ #1: What is Elon Musk’s age, height, and ethnicity?
- FAQ #2: What is Elon Musk’s education level?
- FAQ #3: What companies does Elon Musk own?
- FAQ #4: Who’s richer: Elon Musk or Jeff Bezos?
- FAQ #5: Where does Elon Musk live?
- FAQ #6: Who is Elon Musk’s wife?
- FAQ #7: How many kids does Elon Musk have?
- FAQ #8: Does Elon Musk still own PayPal?
- FAQ #9: How much does Elon Musk make per second?
Let’s take a closer look at each of these questions:
What Is Elon Musk’s Age, Height, And Ethnicity?
Elon Musk was born on June 28th, 1971. He is 51 years old, 5 feet 11 inches tall, and has British / Pennsylvania Dutch ancestry.
Many Americans joke that Elon Musk is their “favorite African-American,” as Elon was born and raised in South Africa.
What Is Elon Musk’s Education Level?
Elon Musk has a bachelor’s degree in physics and economics from the University of Pennsylvania.
He briefly attended graduate school at Stanford, but dropped out of the program after just 2 days to build internet companies including Zip2 and PayPal.
What Companies Does Elon Musk Own?
Elon Musk owns the following companies:
- Tesla Energy
- The Boring Company
Elon Musk previously owned Zip2, PayPal, and Solar City.
Who’s Richer: Elon Musk Or Jeff Bezos?
Elon Musk is the 2nd richest man in the world, and richer than Jeff Bezos.
Elon Musk has an estimated net worth of $164 billion, while Jeff Bezos has an estimated net worth of $111 billion.
Where Does Elon Musk Live?
Elon Musk lives in Austin, Texas near SpaceX’s launch facility. He previously lived in Los Angeles, near his old Tesla and SpaceX facilities.
Who Is Elon Musk’s Wife?
Elon Musk was previously married to 2 women: Canadian author Justine Wilson, and American actress Talulah Riley.
He is currently in a relationship with the American musician Grimes.
How Many Kids Does Elon Musk Have?
Elon Musk has 10 children with several different women, making him one of the most fertile male celebrities in the world today.
Does Elon Musk Still Own PayPal?
Elon Musk sold PayPal in 2002 for a staggering $180 million dollars. He no longer has any vested interest in the company.
How Much Does Elon Musk Make Per Second?
Elon Musk makes approximately $486.40 per second, which is more than many people make in a week!
He also makes $15.3 billion per year, $1.3 billion per month, $294.2 million per week, $42 million per day, $1.75 million per hour, and $29,200 per minute.
Elon Musk’s Net Worth – Summary
Elon Musk is the 2nd richest man in the world, with an estimated net worth of $144 billion.
His net worth peaked at $340 billion in November 2021, thanks to Tesla’s stock hitting an all-time high of over $400 dollars per share.
Unfortunately, Elon Musk’s net worth dropped by more than 50% in 2022, thanks to Tesla shares decreasing in value.
Elon says he is not concerned by this recent setback, as he is not overly motivated by money.
Instead, his goal is to build businesses that do useful things for humanity, such as fight climate change, send humans to mars, and develop safe artificial intelligence programs.
Stay tuned to see if Elon Musk becomes the richest man in the world in 2023!