How Much Money Does Elon Musk Make? Net Worth and Bio

Elon Musk is a business magnate, engineer, and inventor. He’s the founder, CEO and CTO of SpaceX; co-founder, CEO and product architect of Tesla Inc.; chairman of SolarCity; co-chairman of OpenAI; co-founder of Zip2; and founder of X.com which merged with PayPal. As for his wealth – he has an estimated net worth over $209 billion!

How Much Does Elon Musk Make A Day?

Elon Musk is the world’s second richest person, with a net worth of over $176 billion. He is currently valued at more than $176 billion. On average, Elon Musk made around $383,000,000 every day in April 2020 until October 2021.

How Much Cash Does Elon Musk Own?

PayPal Holdings Inc., SpaceX, DeepMind, Tesla Inc., and The Boring Company are Elon Musk’s top holdings. On October 2021, according to the Bloomberg Billionaires Index, Musk had a net worth of $209 billion.

How Much Money Does Elon Musk Get In A Year?

Last year, according to Forbes calculations, Musk was paid roughly $11 billion in stock options, all of it in Tesla stock.

Elon Musk Biography

Elon was born in Pretoria, Transvaal Province (now Gauteng), South Africa on 28 June 1971 to Maye Musk (née Haldeman) who was American/Canadian by birth but moved back to Canada shortly after divorcing Elon’s father Errol Musk in 1980.

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They divorced when Elon was just 9 years old, but this did not stop him from becoming the incredible individual that he is today.

Elon attended Waterkloof House Preparatory School and Bryanston High School before attending Queen’s University to study Economics and Physics at the age of 17, later transferring to UPenn after spending 2 years at Queen’s studying Applied Maths and Computing.

At UPenn, Elon would study a double major in both business and physics to graduate with 2 BS degrees from the Wharton School of Business and the School of Engineering and Applied Sciences respectively.

In 1995, after being inspired by how space was portrayed in Star Trek as a kid he decided to start a company to build what he called “the of rockets”. He had initially planned on naming the company “Rocket Science” but instead settled for Space Exploration Technologies or SpaceX.

This was set up in 2002 with $100 million from the sale of his first successful company Zip2 which he founded with his brother Kimbal Musk, and another $20 million brought in by early investor and engineer, Larry Page.

SpaceX has become one of the most successful privately held companies in the world today with their incredible line up of hardware used for space exploration and travel.

They have successfully launched a payload into orbit without a hitch, which was an absolute first for a company not state-run! They also were able to launch a rocket that could land back on the Earth to take off into space again, an incredible feat that has never been done before.

And lastly, they are currently the only company contracted by NASA to resupply the International Space Station with their Dragon Capsule.

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Elon Musk Son

In 2012, Elon Musk’s first child was born from his first wife, Justine. They named their son Griffin after the series of books by Norman Bridwell.

Elon Musk House

elon musk house

Elon Musk’s houses are worth anywhere from $20 million to $120 million. He lives in Los Angeles, California.

6 Mind-Boggling Ideas That Elon Musk Has Helped To Bring Into Reality

Elon Musk is an American entrepreneur and the Chairman, CEO and product architect of Tesla, Inc. He has pioneered such innovations as the first ever electric Tesla cars-which is just the tip of the iceberg in his long list of accomplishments! Below are 10 mind-boggling ideas that Elon Musk has helped bring into reality:

• The Hyperloop: This new form of transportation consists of compartments which travel in low air pressure tubes at speeds close to the speed of sound. Musk’s idea for this project stemmed from a frustration with California’s proposed high-speed rail system – he believed it would be too expensive.

• Tesla Energy: A company founded by Elon Musk to provide solar power systems with an integrated battery product enabling home owners to have backup power and gain better insulation. The company has sold batteries to hundreds of homeowners in California and is available in more than 100 Home Depot stores across the country.

• SolarCity: This is a renewable energy company that was co-founded by Elon Musk and his cousins, Peter and Lyndon Rive. It provides solar panel technology that can be used in energy production, heating and cooling applications.

• Space Exploration Technologies (SpaceX): This company started off as a way for Elon Musk to make his dream of traveling to Mars possible by reducing the cost of space shuttle launches. Today SpaceX has become one of NASA’s main contractors, completing multiple cargo missions to ISS.

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• OpenAI: A non-profit artificial intelligence research company that aims to promote and develop friendly AI in such a way as it benefits humanity as a whole rather than just a few people.

• The Hyperloop: This new form of transportation consists of compartments which travel in low air pressure tubes at speeds close to the speed of sound. Musk’s idea for this project stemmed from a frustration with California’s proposed high-speed rail system – he believed it would be too expensive.

The Daring Idea That Changed Everything: How Tesla and SpaceX were born.

In order to start Tesla and SpaceX, Elon Musk invested $180 million of his $180 billion fortune. He was rather ambitious with his investments and wanted to be successful at all costs. With the company’s success, he became a billionaire and one of the richest people on earth.

Ranking His Businesses: Putting Paypal, Tesla and SpaceX On The Bench

In order to rank his businesses, Elon Musk had to put PayPal, Tesla and SpaceX on the bench. In 2001, Elon Musk started SpaceX with $100 million of his own money from PayPal.

In 2003, he put up the capital for Tesla Motors which was a bet on “green energy” from a man who thought that big oil companies were going to destroy the planet. In 2009 Elon Musk bought SolarCity for $2 billion-a company that is now integral to his business empire.

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