Tesla CEO Elon Musk Net Worth
Elon Musk is a business magnate who does not need any kind of introduction. He is best known as an angel investor, CEO, and Product Architect of Tesla, Inc.
He sold a video game to a magazine at the age of 12. The game he made was a space fighting game called ‘Blastar’ & he sold it to PC and Office Technology magazine for $500.
Elon's fortune came with the establishment of Paypal, erstwhile X.com. He founded PayPal in 1999 and it was later acquired by eBay for $1.5 billion. Out of $1.5b, Musk got $165 million in stocks.
He the year 2002, Musk founded Space Exploration Technologies, a.k.a. SpaceX as he was convinced by the fact that Human survival on earth depends on its ability to become a multi-planetary species.
Due to limited funding, Musk decided to invest his own money in the creation of SpaceX rockets. At present, the company has a $1.6 billion contract with NASA.
Because of the developments in SpaceX. Elon has managed to reduce the cost of traveling to the space station from $1 billion per mission to $60 million (almost 90 percent).
Elon later became a major funder in Tesla Motors, now called Tesla. When he initially associated himself with Tesla Motors, Musk was Largely uninterested in the electric.
The net worth of Elon Musk is around $201 Billion. He currently owns 48% of SpaceX worth $46 billion and 22% of Tesla. His net worth increased by $142 billion in 2020.
He owned 100 million worth of real estate in California alone. He once owned six homes in the Los Angeles neighborhood of Bel-Air including a 20,000-square-foot worth $17 million.