Elon Musk the richest person in the world with a net worth of $273 billion, according to Forbes and Bloomberg Billionaires Index. He is currently in news for his offer to buy micro-blogging website Twitter. Musk currently has 9.1 per cent stake in Twitter and is the social media company’s second-biggest shareholder. Elon Musk was born to a Canadian mother and White South African father, and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada at age 17 to avoid conscription.
Elon Musk is an investor, entrepreneur as well as a business magnate. He is the co-founder of SpaceX, the CEO and Chief Engineer of SpaceX as well as an early stage investor, CEO and Product Architect at Tesla, Inc.; the founder of The Boring Company; and co-founder of Neuralink and OpenAI. Musk’s net worth is estimated to be of about 273 billion dollars at the time of his April 2022 birthday, Musk is the wealthiest person on earth as per both Bloomberg Billionaires Index and the Forbes real-time billionaires list.
Elon Musk was born in South Africa and attended a university in Canada before moving to University of Pennsylvania, where the bachelor’s degree he received was in economics and physics. A few days after he enrolled in an advanced physics course within Stanford University, Musk deferred the program to start Zip2 which was one of the first navigational services online. He invested a part of the earnings from the business to develop X.com an online payment service that was later transferred in the end to eBay Inc. (EBAY) and eventually was renamed PayPal Holdings Inc. (PYPL).
In 2004 Musk became a major contributor to the fund in the creation of Tesla Motors (now Tesla) which eventually has led to his current role as the company’s CEO. vehicle company.11 Alongside its electric cars, Tesla also produces energy storage devices, automotive accessories, and, with the deal with SolarCity in the year 2016 Solar power solutions. Musk is also the CEO as well as chief engineer at Space Exploration Technologies (SpaceX) the company behind satellite launchers.
The year 2020 was the most successful for Tesla. Tesla stock prices increased by 740 percent to allow Musk to Muck to the top of the wealth ladder. In December of 2020, Tesla joined the S&P 500 and became the biggest company added to the index. Then, in January of 2021 Musk made himself the highest-paid person of the universe (a title which he’s kept since then).
Elon Musk has revealed that he doesn’t have an apartment at present and sleeps in his friends’ spare rooms. The claim was made by Musk during a recent interview with the host of TED’s Chris Anderson.
In an Nov. 6 2021 Twitter post, Musk asked his Twitter audience if they would like to sell 10 percent of his Tesla stock. He framed the issue as a reaction to criticisms of profits from capital as a way to avoid tax. Musk went on to sell shares of $16.4 billion through the rest of 2021.
U.S. Senator. Elizabeth Warren, a Massachusetts Democrat and a Massachusetts Democrat, has cited reports in the media that Musk didn’t pay income tax in 2018 to support the introduction of the wealth tax. “And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year,” Musk replied via Twitter.
With the increase of Tesla share prices in 2021 as well as private transactions that boost the value of SpaceX Musk’s share of the world’s wealth rankings continues to increase. Musk’s net worth reached the record at $340 billion the month of November 2021. His net worth risen by 60% in the past year (as of April. 1, 2022).
Elon Musk Degrees:
Elon Musk graduated from the University of Pennsylvania, with not one, but two degrees. He has a Bachelor of Arts in Physics and a Bachelor of Science in Economics. Is it any surprise that the man who does the same hours in a week as two people, also holds two degrees.
He was enrolled at Queen’s University and transferred to the University of Pennsylvania two years later, where he received a bachelor’s degree in economics and physics. He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding the web software company Zip2 with his brother Kimbal. He spent 2 days at Stanford for a Ph.D. program but left because of his entrepreneurial aspirations.
Elon Musk Gigafactory:
The Tesla Gigafactory is expected to be the largest building in the world and powered by renewable energy, with the goal of achieving net zero energy.
Tesla’s aim is to accelerate the world’s transition towards sustainable energy by offering the development of electric vehicles that are more affordable and energy-related products. To increase production up to 500,000 vehicles annually, Tesla alone will require the entire world’s battery supply of lithium-ion. The Tesla Gigafactory came out of necessity , and will be able to supply the batteries needed to meet Tesla’s anticipated demand for vehicles. Today this Gigafactory makes Model 3 electric motors and battery packs along with Tesla’s energy storage solutions, Powerwall and Powerpack.
Tesla inaugurated building the Gigafactory on June 14, 2014, outside Sparks, Nevada. The name Gigafactory is derived from “Giga,” which is the unit of measurement that represents “billions.” The Gigafactory will be constructed in phases to ensure that Tesla will begin production immediately within the completed sections and then expand further afterward. The present facility covers greater than 1.9 million square feet. It houses about 5.3 million square feet space for operations on many floors. The Gigafactory is only about 30 percent complete. Once it’s completed, Tesla expects the Gigafactory to be the largest building in the world , and completely run by energy from renewable sources. It is designed to be an energy-efficient factory that is net zero after completion The facility will be powered by solar energy, and construction is underway.
In mid-2018, the production of batteries of Gigafactory 1, reached an annual rate of around 20 GWh. This makes it the largest battery manufacturing facility anywhere in the world. Tesla is currently producing more the amount of batteries per kWh that the other carmakers. With the Gigafactory expanding production, Tesla’s price for battery cells will drastically decrease by leveraging economies of scale, creative manufacturing, a reduction in waste, and the easy efficient arrangement of all manufacturing processes in one place. In reducing the cost battery cells, Tesla is able to offer products accessible to a greater number of people and allow us to have the largest impact possible on moving the world towards renewable energy sources.
Elon Musk Companies:
Elon Musk is working to revolutionise transportation both on Earth, through electric car maker Tesla – and in space, via rocket producer SpaceX. Elon Musk’s electric car company Tesla is now valued at nearly $800 billion, currently, his net worth is $302.1 billion. Musk’s rocket company, SpaceX is now valued at nearly $100 billion. Tesla has become the world’s most valuable automaker with a market capitalisation of $800 billion in October 2021.
To cut down on the costs in space-based exploration Musk came up with SpaceX In 2002. SpaceX creates, produces, and launches high-tech aircraft.
Since its beginning, SpaceX has launched 144 rockets and spacecrafts, 106 of which have successfully landing successfully. The most recent mission that took place on the 3rd of February also known as”The Starlink Mission, “Starlink Mission,” saw Falcon 9 launch 49 Starlink satellites into low-Earth orbit.
SpaceX is the sole private business that can return an orbiting spacecraft to low Earth orbit and transport people between and to SpaceX’s International Space Station. SpaceX believes in potential of a reusable rocket that has been reflown an 83-year-old rocket to demonstrate this belief.
The company, worth more than $100 billion, is the second-highest valued private business in the world.
The Boring Company:
Musk created the American construction firm The Boring Company in 2016. Its projects are mostly developed for transit systems within cities to tackle traffic problems and allow point-to point transportation.
According on their website The Boring Company believes that major cities require tunnels or flying cars for the purpose of getting rid of congestion.,. Musk chose the second option due to tunnels not being affected by weather conditions as well as “won’t fall on your head.”
On April 20, 2021 The Boring Company introduced its first project at the Las Vegas Convention Center. The company built two tunnels that are parallel and 1.7 miles each, with Tesla vehicles transporting passengers to their destination across the middle.
Musk can also be the proprietor and founder of Neuralink Corporation, a neurotechnology company that develops implantsable interfaces between brain and machine. Neuralink’s primary aim is to design brain implants that communicate with computers and phones and also assist people who suffer from paralysis to gain independence.
“Our devices are designed to give people the ability to communicate more easily via text or speech synthesis, to follow their curiosity on the web, or to express their creativity through photography, art, or writing apps,” Neuralink’s website says.
In the year to date the total amount of investment in the company has reached $363 million.
While Zip2 was no more operational It was the first business Musk established in the year 1995. Zip2 provided an online business directory searchableit was in essence, an “internet version of the yellow pages” that included maps.
The goal of the company, according Musk, was Musk said, is “that everyone ought to be able to find the closest pizza parlour and to be able to figure out how to get there.”
The year 1999 was the time Compaq Computer Corporation acquired Zip2 for $307 million.
Musk established OpenAI which is a non-profit research and development business in the year 2015. Though he quit his board of directors in the year 2018, he continues to be a major contributor.
The company is an DeepMind competitor, with the aim of making sure the “artificial general intelligence benefits all of humanity.”
OpenAI is among the top AI research labs around the globe and has the goal of being the first corporation to develop a machine that has the ability to learn and reason of a human brain.
This company Musk is perhaps the most well recognized because of Tesla. It is an American electric car and clean energy firm, Tesla has made headlines since its beginning at the end of 2003 due to its innovations in the field of automobiles and its efforts to promote clean energy.
Tesla is hoping to speed up the shift to sustainable energy by creating energy storage systems like solar panels and solar roof tiles as well as battery packs for vehicles powered by electric power. The company is awash with several awards to its name however, it was the one to design the first all-electric luxury car and is currently working on its most affordable car, which is scheduled to launch in 2023.
The company is the top automotive company worldwide, having a the market capitalization of $583 billion.
Tesla also bought SolarCity the company that is focused on selling solar systems through door-to-door. energy-generation systems. The company was created in the year 2004 by two of Musk’s relatives was bought by Tesla in the year 2016 for $2.6 billion.
However, some investors did not agree with the deal since Musk was a close associate of the founders of the company and “overpaid for SolarCity, ignored their own conflicts of interest and failed to disclose ‘troubling facts’ essential to a rational analysis of the proposed deal.”
This may come as shocking however, Musk is also the cofounder and co-founder at PayPal. PayPal is a global technological company in the field of finance that acts as an alternative to money orders or checks by facilitating online money transfer.
In 1998, the company was founded. PayPal joined forces with Musk’s prior firm, X.com, in 2000. Since since then, PayPal has become a Fortune 500 company and had the best year of its existence in 2020, with more than 7 million new accounts added to its net.
Elon Musk Family:
Elon Musk is the father of eight children, including a pair of twins and a set of triplets with his ex-wife Justine Wilson and a boy and girl with ex-girlfriend Grimes.
In the span of two years over the course of two decades, the Tesla founder is now a father to eight children. The first of his children was born in 2002 and his latest was born in 2021.
Musk has been involved in three relationships that lasted for time, and is currently co-parenting with two women. The first six children he has the same mother with Canadian Author Justine Wilson, and the second and third with musician and singer Grimes.
When they first met as student on Queen’s University in Ontario, Canada The SpaceX CEO got married to Wilson in the year 2000 — however, following seven and a half years together, as well as five children The couple ended their relationship in the year 2008.
A few months later, the businessman got divorced and married actor Talulah Riley two times – the first time between 2010 and 2012 and the second time from 2013 to 2016. They did not have children together.
In the year 2018, Musk and Grimes (whose real name is Claire Boucher) were linked and have their first child in the year 2020.
Even though they broke up in September 2021 following three years of marriage, Grimes admitted in the February 2022 Vanity Fair interview that the couple were reconciled, and they welcomed another child through a surrogate. In the interview she also stated that the couple would like to have more children — telling the magazine, “we’ve always wanted at least three or four” However, the day after the publication she tweeted that they had split the couple again.
Find out more about the Musk family below.
Musk had his first child, Nevada Alexander, with his first wife Justine Wilson in 2002. Unfortunately, at the age of 10 weeks old, he died due to the sudden death syndrome (SIDS).
“Nevada went down for a nap, placed on his back as always, and stopped breathing,” Wilson wrote in an essay from 2010 in Marie Claire. “By the time the paramedics resuscitated him, he had been deprived of oxygen for so long that he was brain-dead.”
She added, “He spent three days on life support in a hospital in Orange County before we made the decision to take him off it. I held him in my arms when he died.”
Xavier and Griffin:
Wilson, in the Marie Claire essay, Wilson describes their journey in expanding their family even more.
“I buried my feelings … coping with Nevada’s death by making my first visit to an IVF clinic less than two months later. Elon and I planned to get pregnant again as swiftly as possible. Within the next five years, I gave birth to twins, then triplets,” she wrote.
Twins Xavier and Griffin are shown above.
Kai, Saxon, And Damian:
Wilson was the mother of triplets called Kai, Saxon, and Damian in the year 2006, two years after she had twins. In her 2017 TedTalk that the triplets were created through IVF However, Musk as well as Musk haven’t spoken about the kids’ births in public.
Musk doesn’t often talk about his family members, however Musk has strong opinions about increasing the number of babies born — saying it is “not enough people” in the world at the Wall Street Journal’s annual CEO Council in December 2021.
“I think one of the biggest risks to civilization is the low birth rate and the rapidly declining birthrate,” he stated. “Please look at the numbers – if people don’t have more children, civilization is going to crumble, mark my words.”
A-12 of X AE:
Grimes as well as Musk were blessed with their first child on May 4th 2020. The pop star announced her pregnancy by posting the image of her bump in January of 2020. The couple’s son X AE A-12, whose name was later changed to X AE AXii and was named in part after the Lockheed A-12, a CIA-owned Lockheed A-12 reconnaissance plane.
Although he’s been dubbed “X,” Grimes broke his pronunciation in her Instagram comments. “It’s just X, like the letter X,” she wrote. “Then A.I.,” she continued. “Like how you said the letter A then I.”
However, Musk clarified the pronunciation in a different manner in his appearance on the Joe Rogan Experience podcast that “X” is spoken “like the letter” and “the ‘AE’ is pronounced like ‘ash.'”
In a proud statement”A-12 was his contribution,” he also boasted that “A-12 was [his] contribution,” he claimed that the name was actually Grimes the one who “mostly came up with the name.” She even provided a detailed explanation of the significance of the name on Twitter.
Exa Dark Siderael:
Grimes announced a year after in her Vanity Fair interview that she welcomed a daughter through a surrogate in 2021, three months following the couple’s open breakup. The baby girl was named Exa Dark Siderael, the songwriter and singer stated that her name carries a two meanings.
Exa refers to a hypercomputing term called exaFLOPS. Dark signifies “the unknown.” She told the media outlet, “People fear it but truly it’s the absence of photons. Dark matter is the beautiful mystery of our universe.”
The third portion of Y’s full title, Siderael is known as “sigh-deer-ee-el,” according to Vanity Fair. Grimes said the word was “a more elven” spelling of sidereal which she described in terms of “the true time of the universe, star time, deep space time, not our relative earth time.”
The meaning behind Siderael comes from Grimes beloved Lord of the Rings character, Galadriel, who “chooses to abdicate the ring.”
Elon Musk Short Bio:
- Age: 50
- Residence: Texas
- Co-founder and CEO: Tesla
- Net Worth: $273 billion
- Tesla Ownership Stake: 17% ($187 billion)
- Other Assets: Space Exploration Technologies ($40.3 billion private asset), $5.7 billion in cash
Elon Musk Quick Facts:
- Elon Musk is working to revolutionize transportation both on Earth, through electric car maker Tesla — and in space, via rocket producer SpaceX.
- He owns 21% of Tesla but has pledged more than half his stake as collateral for loans; Forbes has discounted his stake to take the loans into account.
- Within weeks of reporting a 9.1% Twitter stake in early April 2022, Musk declined a board seat and proposed a $43 billion hostile takeover of the company.
- SpaceX, Musk’s rocket company, is valued at $74 billion after a funding round in February 2021.
- He grew up in South Africa, then immigrated to Canada at age 17. He landed in the U.S. as a transfer student to the University of Pennsylvania.
- Elon Musk, the co-founder and CEO of Tesla, is the richest person in the world with a net worth of $273 billion.
- Behind Musk is the founder of Amazon, Jeff Bezos, with an estimated net worth of $188 billion.
- Billionaires with the largest increases in their wealth in 2021 included Musk, LVMH Chair and CEO Bernard Arnault, Google co-founder Larry Page, and L’Oreal heir Francoise Bettencourt Meyers.
- Seven of the top 10 billionaires made their fortunes in technology, with Arnault, Berkshire Hathaway’s Warren Buffett, and Adani Group founder Gautam Adani the exceptions.