On June 28, 1971, Elon Musk was born in South Africa. Elon Musk currently has citizenship in three different countries: his native nation of South Africa, Canada, and the United States. Elon Musk is responsible for the most significant technological advancements in transportation and other industries in the 21st century. He has been instrumental in making the electric vehicle a reality. This also contributed to Elon Musk’s net worth. At the age of 12, Musk started learning how to programme computers. He later sold the source code for Blastar, a BASIC-based video game he produced, to the PC and Office Technology magazine for around $500.
Career Highlights of Elon Musk
In 1995, Musk and his brother Kimbal created the firm Zip2, which made software for publishing internet content for newspapers. Compaq paid roughly $300 million to purchase the firm in 1999. They had sold Zip2; Musk co-founded X.com, an online payment startup that evolved into PayPal before being acquired by eBay for $1.5 billion in 2002.
In 2004, Musk entered the automobile business by investing heavily in Tesla Motors, which develops and produces electric cars, energy storage devices, and solar panels. Several successful Tesla models, including the Tesla Roadster, Model S, Model X, and Model 3, have been unlocked thanks to Tesla’s rise to the top of the electric car industry. Musk co-founded SolarCity in 2006, which offers services related to the setup and administration of solar energy systems. For $2.6 billion, Tesla, Inc. purchased SolarCity in 2016.
Musk is also the chief executive officer and co-founder of SpaceX, which creates cutting-edge rockets and spacecraft. With ground-breaking missions like the first privately financed liquid-fueled rocket to reach the International Space Station and ambitious aspirations to colonize Mars, SpaceX has grabbed headlines for all the right reasons. All of these make up Elon Musk’s net worth.
Dependence on Elon Musk Net Worth
The Tesla Electric Vehicle Company, led by Elon Musk, produces the vehicles and their parts and batteries. Additionally, Musk manufactures solar energy hardware. Elon Musk’s Net Worth is largely attributable to the success of Tesla, which he founded and still leads.
Elon Musk’s net worth is about 17,210 crores in USD. In Indian rupees, Elon Musk’s net worth is approximately Rs. 15.6 T Crore INR. In November of 2021, Elon Musk’s net worth hit $340 billion. A recent estimate put it at $140 billion, making it the worst financial loss in history.
Musk makes history as the first billionaire to lose $200 billion with this loss. Tesla (TSLA) is Elon Musk’s primary source of revenue, although its stock price dropped by 65% in 2022. Neither Musk nor Tesla’s stock price has benefited from Musk’s $44 billion purchase of Twitter.
The Assets Elon Musk Possesses
House: Elon Musk lives in Los Angeles. In 2016, Elon Musk purchased this extravagant mansion. According to estimates, this piece of real estate is worth around 25 Million USD.
Cars: Elon Musk has a sizable collection of automobiles. Elon Musk’s garage has some of the world’s finest premium automobiles. Elon Musk is the owner of many luxury automobile manufacturers.
Investments: Elon Musk has significantly invested in various industries, including Space, AI, electric cars, boring, solar, etc.
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Recent Update on Elon Musk
Finally, Elon Musk has acquired Twitter. He paid a great price for this. Musk had already purchased almost 9 percent of Twitter’s shares. However, he made a subsequent attempt to purchase Twitter. With which the firm currently concurs.
The ultimate price of the transaction, which Musk spent $44 billion on, has been agreed upon. The Wall Street Journal states that the corporation was not prepared for this. However, once a proposal for Secure Financing was presented, negotiations progressed further. Also, he has 141M Followers on his Twitter.