Elon Musk Net Worth

What is Elon Musk’s net worth?

In the month of August 2022, Elon Musk’s net worth is estimated at $198 Billion.

Elon Musk is a South African- born Canadian American business mogul, investor, mastermind, and innovator and inventor.

Musk has been a part of numerous successful startups; he’s the author, CEO, and CTO of SpaceX; CEO of TeslaInc.;co-chairman of Open AI; author and CEO of Neuralink.

utmost people will know that Elon’s original success came from launching PayPal, now one of the most generally used payment gateways on the internet.

Early Life
Mr Elon Musk was born in the city of South Africa named Pretoria on the 28th June, 1971. His mama was a model from Canada, and his father an mastermind from South Africa. Musk has two youngish siblings, Kimbal and Tosca.

At just 10 times old, Elon set up his passion with computers. He tutored himself computer programming at 12 times old; and created a videotape game called Blastar, which he vended to a magazine called PC and Office Technology, for roughly$ 500.

Career
After dropping out of Stanford University to pursue entrepreneurship, Elon, along with his family Kimbal, innovated Zip2.

Zip2 was a web software company, which developed and retailed an Internet “ megacity companion ” for the review publishing assiduity. The company entered contracts with the likes of the Chicago Tribune and The New York Times, and was ultimately vended to Compaq for$ 307 million.
With$ 22 million now in his fund from the trade of Zip2, Musk innovatedX.com, anE-Mail payment company. This latterly came the notorious PayPal, whenX.com intermingled with Confinity.

PayPal came the biggest online payment transfer company, and was acquired by eBay for$1.5 billion in stock. Musk was now$ 165 million richer.
It was at this time that Elon Musk began to pursue his passion of changing and advancing the world for the better, investing in Tesla, launching SpaceX and Solar City.

The success of these three companies is growing month by month, and is responsible for Musk’s unforeseen jump in net worth.
SpaceX is advancing space technology, and strives to reduce the cost of mortal spaceflight by a factor of 10.

Tesla is concentrated on working the reactionary energies extremity in the machine assiduity, by developing affordable and swish electric vehicles.

As of 2020, Elon Musk’s net worth is estimated to be$ 198 Billion.

Highlights

Here are some of the best highlights of Elon Musk’s career:

• Moved to Silicon Valley (1995)
• Sells Zip2 to Compaq for $307 million (1999)
• Creates X.com, which later becomes PayPal (1999)
• eBay acquires PayPal for $1.5 billion (2002)
• Becomes an American citizen (2002)
• Founds SpaceX9 (2002)
• Becomes CEO of Tesla (2008)
• Tesla Begin Deliveries of the All-Electric Model S (2012)
• The Model X Launch (2015)
• Tesla Merged with SolarCity (2016)
• The Model 3 Arrives (2017)
• The SpaceX Falcon Heavy Rocket Launches (2018)

Summary

Elon Musk is a man who takes risks in his life. Even after a huge payout from PayPal company, he invested virtually all of that money into the likes of SpaceX and Tesla to make his vision a reality to show the world what he does for become his life more worthy.

Elon Musk’s net worth is nowadays almost $198 Billion, and with his current companies being all about the future, this number is surely only going to get bigger in coming days.