Elon Musk’s net worth was estimated to be $79.4 billion in 2022.
Musk is a business magnate, investor, engineer, and inventor from South Africa.
Musk has founded, led, and founded numerous successful startups including SpaceX, Tesla Inc., OpenAI, and Neuralink.
Almost everyone knows that Elon’s original success came from founding PayPal, now one of the most commonly used payment gateways on the internet.
What is Elon Musk’s net worth?
| Net Worth: | $79.4 Billion |
|---|---|
| Age: | 49 |
| Born: | June 28, 1971 |
| Country of Origin: | South Africa |
| Source of Wealth: | Entrepreneur/Investor |
| Last Updated: | 2020 |
A Brief History Of Elon Musk
Elon Musk was born on the 28th of June, 1971, in Pretoria, South Africa. He was the son of a Canadian model and a South African engineer. Kimbal and Tosca, Musk’s siblings, are younger.
As a ten-year-old, Elon discovered his passion for computers. At age 12, he taught himself computer programming; and he created a video game called Blastar, which he sold for approximately $500 to a magazine called PC and Office Technology.
Career
Elon, along with his brother Kimbal, founded Zip2 when he dropped out of Stanford University to pursue entrepreneurship.
Zip2 was a software company that created and marketed a newspaper industry-specific Internet “city guide”. It was eventually sold to Compaq for $307 million after signing contracts with the Chicago Tribune and The New York Times.
After selling Zip2, Musk accumulated $22 million, which he used to launch X.com, an e-mail payment service. X.com and Confinity later merged to form PayPal.
eBay acquired PayPal for $1.5 billion in stock in order to make PayPal the largest online payment transfer company. Musk was now worth $165 million.
During this time, Elon Musk began to pursue his passion for changing and advancing the world for the better by investing in Tesla, founding SpaceX, and starting Solar City.
These three companies are growing month by month, which accounts for Musk’s sudden increase in net worth.
The company is advancing space technology and aims to reduce the cost of human spaceflight by a factor of 10.
Tesla aims to solve the fossil fuels crisis in the automotive industry by developing affordable and stylish electric vehicles.
The company is the second-largest provider of solar power systems in the U.S.
Elon Musk is estimated to have a net worth of $79.4 billion as of 2020.
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