![\"Elon](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/04\/Elon-Musk.png\")
<\/p>\nBorn on June 28, 1971, Elon Reeve Musk is a prominent business mogul and investor. According to Bloomberg Billionaires Index and Forbes\u2019 real-time billionaire list, Elon Musk is the second richest person on earth with the majority of his net worth coming from his stakes in Tesla and SpaceX. At one point in 2021, he was ranked first. As of March 2024, Elon Musk’s net worth is estimated to be around $210.5 billion.<\/p>\n
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Elon Musk moved to Canada from Pretoria, South Africa at the age of 18 gaining the country’s citizenship through his Canadian Mother. His academic journey saw him through Queen\u2019s University, University of Pennsylvania, and Stanford University. Musk dropped out of school in 1995 to co-found the online city guide software firm; Zip2. From there, the billionaire began his journey of acquiring more riches.<\/p>\n
| Company<\/th>\n | Net Worth<\/th>\n<\/tr>\n |
|---|---|
| Tesla Inc<\/td>\n | $404.56 billion (up to $1 trillion)<\/td>\n<\/tr>\n |
| SpaceX<\/td>\n | $150 billion<\/td>\n<\/tr>\n |
| Starlink<\/td>\n | $40 billion<\/td>\n<\/tr>\n |
| SolarCity<\/td>\n | $5 billion (22% ownership stake)<\/td>\n<\/tr>\n |
| The Boring Company<\/td>\n | $5.7 billion<\/td>\n<\/tr>\n |
| Neuralink<\/td>\n | $1 billion (100% ownership stake)<\/td>\n<\/tr>\n |
| OpenAI<\/td>\n | $1 billion<\/td>\n<\/tr>\n<\/table>\n<\/div>\nTesla Inc – $404.56 billion (up to $1 trillion)<\/h2>\nElon Musk began his Tesla journey through a Series A funding round which he led in February 2004. Thereafter, Musk invested $6.5 million in Tesla, thus becoming the major shareholder. He emerged as the chairman of the firm\u2019s board of directors. The shares of the automobile firm soared when Tesla began producing electric sports cars in 2008.<\/p>\n Tesla made history in 2021 through its Model 3 electric car which sold 1 million units globally. It is noteworthy that the car is the first electric vehicle to record such a feat.<\/p>\n This feat paved the way for Tesla’s shares to soar. In 2020, it emerged as the most valuable automobile firm. By October 2021, the firm attained a $1 trillion market capitalization. The value of Tesla shares soared so high that when Elon Musk sold 10% of his holdings in the firm, he pocketed $16.4 billion.<\/p>\n Elon Musk benefited more from the soaring of Tesla\u2019s shares. Then, the board of directors initiated a mouthwatering package worth about $56 billion for him. However, the package came with a condition that Musk must continue meet some performance goals. This package at a time, contributed massively to Elon Musk\u2019s $300 billion net worth.<\/p>\n SpaceX – $150 billion<\/h2>\nThe idea of SpaceX was conceived by Elon Musk in 2001 when he developed interest in designing funding plans to dispatch a growth chamber for plants on Mars. To achieve this idea, Elon Musk met with various organizations before he had a clear vision of wanting to set up a company that could engineer cheap rockets. SpaceX came into life in May 2002 after Musk invested $100 million into the project.<\/p>\n At first, the company struggled to successfully launch a rocket into space. However, when things began to go right for SpaceX, the firm began to win contracts from the National Aeronautics and Space Administration (NASA) to resupply the International Space Station. The most recent of these contracts is worth $2.9 billion, requiring the firm to build a spacecraft for sending astronauts to the moon.<\/p>\n In 2012, SpaceX got a $82 million contract from the National Oceanic and Atmospheric Administration (NOAA), launching a satellite 2012 to monitor global sea levels and oceanic circulation. Majorly, SpaceX made most of its revenue from commercial service deliveries. Each delivery using the Falcon 9 rocket is advertised at $62 million.<\/p>\n In August 2022, the value of the company soared massively, adding more to Elon Musk’s net worth After an injection of $250 million from Korean investors, thereafter the company is worth around $150 billion. In total, SpaceX has secured more than $2 billion in investment capital as of 2022 due to Elon Musk’s visionary ideas and leadership.<\/p>\n Twitter – $44 billion<\/h2>\nBefore his acquisition of Twitter in 2022, Elon Musk was prominent on the microblogging app as an active figure owing to his consistent advocacy of free speech. He began investing in Twitter in January 2022, and by March he already became the largest shareholder in the social networking site. The news soared Twitter’s stock by 27%.<\/p>\n Elon Musk conceived the initiative of acquiring Twitter the following month. He made an offer at $54.20 per share, valuing the company at about $44 billion. The billionaire had the intention of making Twitter a private company with the intention of giving room for free speech as Musk believes it’s a societal imperative for a functioning democracy.<\/p>\n \n |