Elon Musk Net Worth – All About the Genius Entrepreneur

Elon Musk Net Worth

The face of the clean energy of Tesla is no one other than the notorious billionaire Elon Musk. He is one of the most controversial billionaires of all time. Recently he called Facebook “lame” and asked Sacha Baron Cohen to delete it. It is just one of the controversial things he has said. Once, he sent a submarine to rescuers. All the controversies aside, everyone wonders about what’s in his bank. And here is Elon Musk Net Worth. Before going into the worth of the billionaire, let us have a look at his life.

Elon Musk Education

Elon Musk was born in Pretoria, Transvaal, South Africa, on June 28, 1971. His mother was Maye Musk, a Canadian who was a model and a dietician. And his father was Errol Musk, who was a South African. He was an electromechanical engineer, pilot, and sailor. He had two siblings, a younger brother and sister, Kimbal and Tosca, respectively.

Elon Musk’s education wasn’t accessible. His parents got a divorce, and he had to suffer for it. He decided to stay with his father. But he soon regretted the decision. He still calls his father “a terrible human being.” Because of the troubles he had with his father and traumatic childhood, he wanted to move away from South Africa.

In his childhood, Musk was bullied by the kids in his school. The case was so severe that once, he was pushed from the stairs and hurt his nose. He had to undergo surgery to fix his nose. Musk attended school in Waterkloof House Preparatory and Bryanston High School. He finally graduated from Pretoria Boys High School. After this, his father wanted him to attend college in Pretoria. But Musk had something different in mind.

Musk in America

Elon Musk always thought of America as a free nation. He thought it is a place where you can do anything. So, to escape the clutches of his father, he took Canadian Citizenship. He planned to move to the US with that. After studying for a few months in Pretoria, he moved to Canada and studied at Queen’s University.

He achieved his goal of moving to America when he studies at one of the Ivy League Universities. He studied at the University of Pennsylvania. Musk did a Bachelors’s degree in Science (physics) and a bachelor’s degree in Arts in economics in 1992. In one of his papers, he wrote about “The Importance of Being Solar.”. The article talked about the future of solar energy and was futuristic. It got Musk 98 marks.

Musk enrolled for a Ph.D. program at Stanford. But he never completed the course because he wanted to create something. And that is when he launched Zip2, his first startup.

Elon Musk Companies

Zip2

Elon Musk Net worth is a sum of all his companies. The first startup that Musk launched was Zip2, along with his brother. Zip2 was first of Elon Musk Companies. He and his brother Kimbal created this Web software company. This company developed and marketed an Internet city guide for the newspaper publishing industry. Elon Musk tried to persuade many involved parties to let him become the CEO. But in the end, Compaq bought Zip2, and Musk only got 7% of the shares worth.

Com

The next great achievement of Elon Musk Companies was X. Com. It was an online financial service and e-mail payment company. Musk took 7 million from the 22 million from his share in Zip2 and created this company. However, x.com merged with confinity later, and the payment service was named PayPal. Musk had disagreements with the board on shifting the payment service base from Unix to Microsoft. That’s the reason the board of directors impeached him from the position of CEO in 2000. Later in 2002, PayPal was bought by E-Bay, and Musk, who was the highest shareholder of the company(11.7%), received 165 million USD.

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SpaceX

SpaceX is the dream baby of Musk. He is passionate about space exploration. So he conceived Mars Oasis, a project to land a miniature experimental greenhouse on Mars. But his plans to do that needed some serious money, it cost $8 million to buy a rocket and then send it to space. Musk thought of building a company that produced affordable spacefaring missiles. So SpaceX focuses on how to build a civilization in space, and to explore it.

Tesla

In 2008, Musk became the CEO of Tesla. Before that, he was on the board of directors of the company. He is still the CEO of Tesla, whose aim is to build affordable cars that do zero-emission and provide electric power generation options. Tesla is all about green energy being cheaper for people to use every day.

Solar City

Solar City is a subsidiary of Tesla and focuses on solar power systems. Musk plans to use Solar City to work alongside Tesla. He wants both companies to tackle global warming. Tesla cars will use solar energy or electricity to run on clean energy. He plans on building a celestial city, that’s going to be the largest ever solar power plant. Musk even received funding from the government for the plan.

Hyperloop

Hyperloop is a venture by Tesla and Space X for fast transportation over long distances. It is all about a high-speed transportation system by incorporating reduced-pressure tubes. Musk planned on using capsules as a means of transportation. The government approved his design, and they are to build a Hyperloop from Washington to New York.

Elon Musk Net Worth

People often wonder what the net worth of a person who owns so many companies is. A simple search on Google can reveal Elon Musk Net Worth. According to Forbes, the billionaire’s value is $43.2 billion.

Elon Musk declined to take a salary from Tesla. But he has to take his share. His yearly salary is $2.8 billion from Tesla. Even if he does not take the share, after ten years, the accumulated stock will be worth $55.8 billion. That’s a considerable amount.

Elon Musk net worth in billion is staggering. The billionaire comes up to a $43.2, in Elon Musk Net Worth 2019. But the way Tesla is making its way, soon he will have many dollars increased in that bank account.

Along with Tesla and SpaceX, Musk runs another venture, the Boring company. It is a mining company that also adds value to Elon Musk Net Worth. The boring company is a venture by Elon Musk to solve the traffic problem. He raised the money for the venture by selling caps and built a transit tunnel underground on Los Angeles. After his innovative venture now, Mayor Rahm Emanuel announced that The Boring Company would build another tunnel in Chicago. Musk hopes to partner up with the government soon.

Personal Life

Elon Musk is a man who might be a tech mogul but is a big softie. He told in an interview of his with the Rolling Stone that he suffered from loneliness since childhood. Musk is a sensitive man who wants someone by his side when he goes to bed; an empty house makes him lonely.

Elon Musk wife was Justine Wilson. He met her when they studied in Canada. Even when Justine said she wanted to stay back and review, Musk appeared at her door with chocolate chips ice cream. She studied at Queen’s University in Ontario. They both parted ways when Musk shifted but reconnected when Justine published her first novel, and Musk opened his startup. They married in 2000, and the marriage lasted eight years. The couple had five kids. After the divorce, Justine kept Musk’s name for her children.

The divorce ended the relationship between both of them. Musk went into a relationship with actress Talulah Riley. Their relationship was on and off. Even their marriage consisted of many filed and withdrawn divorces. They parted ways in 2016.

Musk then dated actress Amber Heard. He was madly in love with her. The break up hurt him badly, as he said in one of his interviews. But they had to part ways because of their clashing schedules.

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Children

There are 5 Elon Musk Children. His first child was with his first wife, Justine. They named him Nevada. But they post him to SIDS. Later they had five children. Justine and Elon had twins, Griffin Musk and Xavier Musk, in 2004. Then in 2006, they had triplet sons- Kai Musk, Saxon Musk, and Damian Musk. Elon Musk Children are “the Love of his life,” as he says. Recently his current girlfriend Grimes posted a picture on Instagram with a baby bump. Many believe she is pregnant with Musk’s child.

Elon Musk Controversies

Elon Musk net worth isn’t the only talked about a topic about him. Musk is always on the news for sparking off controversies. Here are a few of them –

Calling the Thai rescuer pedo guy

When there was a flooding situation in Thailand, and Elon Musk sent a mini-submarine to rescue the children, British diver Vern Usworth called the gesture a PR stunt. Vern was a diver who assisted in the Thai cave rescue of 12 boys and their coach in July. After his shady comment of Musk, Musk called Vern a “pedo guy” in his tweet, receiving a lot of backlashes. He later apologized for his behavior and brash comment. But he again brought the issue into light when he guessed why hasn’t Vern sued him yet.

Criticized Wallstreet analysts

Musk is under a lot of pressure. After all, he works most of the time to make Tesla profitable. When Wallstreet analysts asked him about the specific information on Tesla and his mounting losses, he replied to it with criticism. He asked the analysts not to ask him annoying bone head questions.

Blasted the Journalists

Whenever an article is published against him, he rises to the occasion and questions the credibility of media. At one time, he was accused by a journalist of being like Donald Trump. Musk does not trust the credibility of journalists and calls them “sanctimonious.”

Called Facebook lame

To add to his already long list of controversies, there is a Facebook comment. His list of controversies is more extensive than Elon Musk Net Worth. Facebook faced scrutiny for privacy issues. Many people are turning against this social media platform that regulates the information of billions of people. Elon Musk called Facebook lame and asked the actor Sacha Baron Cohen to delete it.

Musk’s net worth in 2019 fell $770 million after the unveiling of the most awaited Cyber truck. Elon Worth net worth in billion took a dip. In the unveiling, Musk shared that people want to buy a truck that’s rough, not fake rough. So he drove a sledgehammer through the front of the truck, and it stood firm. However, when he asked someone to throw an iron ball to the window, it broke. It even took Musk by surprise that his sturdy truck couldn’t make an iron ball. Analysts were skeptical about the fate of Cybertruck. After this demonstration, the market value of Tesla dropped. Musk not only became the fodder of memes but also lost significant money.

Many may be doubtful about the fate of Tesla and might question when it turns profitable, but Elon Musk Net Worth says differently. He has enough cash to invest in Tesla because he does not have one source of income. He has SpaceX, SolarCity, and Hyperloop. Musk is also trying his hands in Real Estate. Besides, he owns a lot of real estate property in Manhattan.

Elon Musk is not just worth the money he makes, but he is also one of the most influential people in the world. He received the title of the most innovative leaders of 2019 by Forbes. It says he is making an impact no matter what is Elon Musk Net worth.

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