Elon Musk Net Worth
Elon Musk net worth is $277 billion, making him the richest living person in the world today. According to the Bloomberg Billionaires Index, Musk began 2021 with a net worth of $156 billion and concluded it with $277 billion. Elon Musk achieved his first commercial success by selling a computer game (Blastar) he wrote for $500 by learning software languages at the age of 12.
In 2002, he launched SpaceX with the nearly ridiculous goal of colonizing Mars. Despite taking a significant risk, Elon Musk also had a lot of success and is now the founder of SpaceX and the CEO of Tesla. He is also the co-founder and first co-chairman of Neuralink and OpenAI, as well as the founder of The Boring Company, Zip2, and X.com.
Furthermore, he was ranked 25th on Forbes magazine’s list of the “World’s Most Powerful People” in December 2016 and first on Forbes’ list of the “World’s Most Innovative People” in 2019.
· Elon Musk: SpaceX and Tesla
· Elon Musk’s Rising Success in a Short Time
Elon Musk: SpaceX and Tesla
SpaceX is a private American space transportation business based in Hawthorne, California. SpaceX’s fleet of spacecraft includes the Falcon 9, Falcon Heavy, Starlink, Dragon Cargo, and Starship. Elon Musk founded the company with the purpose of lowering the cost of space transportation in order to enable Mars colonization.
SpaceX is the first commercial company to perform a human-crewed mission, most recently by sending Crew Dragon to the International Space Station on May 30, 2020. In addition, it became the company that carried the most satellites (143) with a single rocket launch on January 24, 2021.
Currently, Elon Musk is developing a vehicle that might revolutionize space travel under SpaceX. As it’s known, the Starship will be a totally reusable transport system capable of taking up to 100 people to Mars, aka Red Planet.
On the other hand, Tesla, Inc., or Tesla for short, is an American company located in Palo Alto, California, that develops, produces, and sells electric automobiles. Headed by Elon Musk, Tesla is an automobile company based in Silicon Valley that aspires to create high-performance electric vehicles. Martin Eberhard and Marc Tarpenning founded the company. And Elon Musk has been supervising the company’s financing activities.
Tesla, which increased its capital to 15,000,000,000 US dollars in 2021, became an example of digital asset investing by purchasing 48,000 Bitcoins on August 8, 2021, with US$ 1,500,000,000 of this cash. Furthermore, in March 2021, the Tesla corporation decided that Tesla automobiles could now be purchased using Bitcoin.
Elon Musk has almost tripled his wealth by 2021 by partnering with successful collaborations and investments. As of 2021, Elon Musk net worth exceeded $200 billion, following a 7% increase in Tesla shares. Further, he surpassed Jeff Bezos, the founder of Amazon, who experienced incredible growth during the COVID-19 epidemic. Thus, Elon Musk took first place in the list of the wealthiest people in the world.
Elon Musk’s Rising Success in a Short Time
Elon Musk lived in South Africa until moving to Canada and then California at the age of 17, establishing the groundwork for his current fortune. Musk, who founded PayPal, subsequently sold the firm for $150 million. He re-invested the whole proceeds from the sale. He invested $100 million into SpaceX, $40 million into Tesla, and $10 million into SolarCity, a solar panel company.
Musk has recently added the Boring Company, a tunnelling company and crypto money investments to his projects, which include building the world’s largest and most powerful rockets and preparing to colonize Mars.
Today, SpaceX and Tesla owner Elon Musk has become wealthier than Bill Gates and Warren Buffett combined, with $230 billion following the sale of SpaceX shares.
Elon Musk net worth is growing day by day thanks to the numerous enterprises he has founded and supervised. In October 2021, Musk took his part of Tesla’s shares, which had exceeded $1 trillion for the first time and had increased by 60% over the year, letting him add another $121 billion to his fortune. With a fortune of 277 billion USD, fifty years old Elon Musk is the wealthiest living person in the world today.