Elon Musk Net Worth, Biography, Salary, Girlfriend and More [Updated 2023]
Elon Musk net worth is estimated at $266.1 billion. Everyone wants to be rich and also wants to know about wealthier people. The rich guys are idolized by the younger generation, while veterans regard them as successful. The list of wealthy guys on the earth is long, but we’ll focus on the world’s wealthiest individuals here! This article will disclose how much Elon Musk net worth is in 2023. It will also include the business magnet’s childhood, biography, education, work, personal life, salary, real estate holdings, residences, cars, charities, and other topics. It will also provide answers to several frequently asked questions concerning Elon Musk’s massive net fortune and the guy himself.
Elon Musk’s net worth
Elon Musk is currently the top richest person in the world. He is, in reality, the wealthiest individual in history. Elon Musk’s net worth approximately is $266.1 billion, according to Forbes. We’ll try to learn more about Elon Musk’s net worth, early life, biography, education, work, personal life, and more before looking at his fortune.
|Elon Musk Net Worth||$266.1 Billion|
|Net Worth In Rupees||13.56 Lakh Crore INR|
|Monthly Income||$200 Million +|
|yearly Income||$2400 Million +|
Early Life and Biography
Elon Musk (full name — Elon Reeve Musk) was born in Pretoria, South Africa, on June 28, 1971. Errol Musk is his father. Errol is an electromechanical engineer, pilot, sailor, consultant, and property entrepreneur from South Africa. He used to be a half-owner of an emerald mine in Zambia near Lake Tanganyika. Maye Musk (née Haldeman), his mother, is a model and nutritionist from Saskatchewan, Canada, who grew up in South Africa. Elon’s ancestors are British and Pennsylvania Dutch. Elon’s family was never short on money. However, his parents divorced, and he decided to live with his father. However, the decision cost him a lot of pain and he had to live with the consequences for a long time. He described his father as a horrible human being who had committed every wicked deed a man could commit.
Elon became interested in computers and video games when he was about 10 years old. It leads to the purchase of a Commodore VIC-20. To learn computer programming, the gifted young boy chose a manual method. At the age of 12, the high-potential adolescent created Blastar, a BASIC-based video game. This video game’s code was sold to PC and Office Technology magazine. He was able to make about $500 as a result of it. Yes, that was the start of the process that allowed him to grow into such a powerful figure and amass his massive Elon Musk net worth of $266.1 billion. One would be surprised to learn that he was an awkward and introverted child. His peers of a comparable age used to bully him. He had to go to the hospital once after a group of boys threw him down a flight of stairs!
|Known For||Tesla, SpaceX, PayPal|
|Date of Birth||28 June 1971|
|Birthplace||Pretoria, South Africa|
|Residence||United States, California|
|Nationality||South African, Canadian, and American|
|Education||Waterkloof House Preparatory School Pretoria, Queen’s University, University Of Pennsylvania, Stanford University, Ontario|
Elon Musk Education
Waterkloof House Preparatory School was Elon’s first school, and he later attended Bryanston High School. He then transferred to Pretoria Boys High School. All of those institutions are located in South Africa. Musk wanted to become a US citizen, and he thought it would be simple to enter the country from Canada. As a result, he sought a Canadian passport through his mother, who was born in Canada. Musk spent five months at the University of Pretoria while waiting for the documents. He was exempt from mandatory military duty in South Africa, therefore he moved to Canada in June 1989. To begin with, he moved in with a second cousin in Saskatchewan. He enrolled at Queen’s University in Kingston, Ontario, a year later. Meanwhile, he transferred to the University of Pennsylvania in 1992.
Musk earned a Bachelor of Science in economics and a Bachelor of Arts in physics from the University of Pennsylvania in 1995. In 1994, he did two internships in Silicon Valley, at the energy storage business Pinnacle Research Institute, and at the Palo Alto-based startup Rocket Science Games. He applied for a position at Netscape but received no response. Tesla CEO Elon Musk, who is the holder of billions of Elon Musk net worth, was likewise dismissed from Stanford after only two days and opted to join the Internet craze.
Elon is involved in a variety of commercial endeavors. However, he is currently the CEO of Tesla and SpaceX. He is also CTO of SpaceX and chairman of SolarCity.
Musk co-founded Zip2, a web software startup, with Kimbal and Greg Kouri in 1995. They were able to do so with the help of angel investors. The trio started the company in a small rented office in Palo Alto. Elon Musk’s enormous wealth did not come cheaply. He revealed that he couldn’t even afford an apartment prior to the success of his first company. He used to work out of a rented office as well. He also had to sleep on the couch and shower at the YMCA on top of all of this. He put forth a lot of effort and used to code all night! However, Compaq purchased Zip2 in 1999 for 307 million dollars, and Musk received $22 million for his 7% stake.
PayPal and X.com
Elon Musk’s business career has been fruitful, allowing him to amass a sizable Elon Musk net worth. In 1999, he co-founded X.com. It’s financial services and e-mail payment organization that operates online. The investors, on the other hand, thought he was inexperienced and replaced him with Bill Harris. In any case, he returned as CEO and forced Confinity co-founder Peter Thiel to quit. Finally, in 2017, the determined business magnate purchased the X.com domain for an undisclosed sum, claiming sentimental value.
Before Musk’s involvement, Martin Eberhard and Marc Tarpenning founded Tesla Motors in 2003 and were active members. Musk became the main shareholder in 2004 after investing $6.5 million. Following the dismissal of Eberhard, Musk took over as CEO and product architect of the company in 2008. He stayed in the post for a long time, becoming the world’s longest-serving CEO of any automotive company in 2019. Last year, the well-known public figure renamed himself Technoking while keeping his CEO role.
SpaceX is an American aerospace company that also provides space transportation services and operates a communications network. Musk launched it in 2002 with the intention of lowering the cost of space transportation so that Mars may be colonized. The company’s headquarters are in Hawthrone, California. The company’s first Falcon 1 rocket launch, in 2006, was a failure. After two additional failures, they were finally successful in launching Falcon 1 into orbit in 2008. As a result, NASA awarded SpaceX a massive $1.6 billion Commercial Resupply Services program contract for 12 Falcon 9 rocket and Dragon spacecraft flights. It hasn’t had to look back since then and has aided Musk in amassing vast sums of money.
Tesla Energy and SolarCity
In 2006, two of Musk’s cousins, Lyndon and Peter Rive, co-founded SolarCity. Musk was the one who came up with the idea for SolarCity and provided the funding. By 2013, it had grown to become the second-largest solar power system in the United States. In 2014, he advocated for the creation of an advanced manufacturing facility. Between 2014 and 2017, the factory was in production. It was at least three times larger than the country’s next largest solar installation. Tesla, Musk’s car company, bought SolarCity for more than $2 billion in 2016 and combined it with Tesla Energy.
In 2016, Musk co-founded Neuralink. The company is working to combine artificial intelligence and the human brain. In fact, it develops devices that are implanted in the human brain to aid in the merging of humans and robots. Musk referred to one of their early devices as “a Fitbit in your head” in 2020. Paralysis, deafness, blindness, and other afflictions could all be cured with the device.
The Boring Company is a company that specializes in boring.
In 2016, Musk established The Boring Company to build tunnels. In 2018, The Boring Company sold over 2,000 novelty flamethrowers as a merchandising and publicity gimmick. As a result, Elon Musk’s net worth is justified by his numerous activities and business ventures. Thus, Elon Musk’s net worth has increased to $266.1 billion.
In April 2022, Musk, a frequent poster on the messaging network, declared a 9.2% ownership in Twitter. Twitter reacted by offering Musk a seat on its board of directors, which he accepted but later declined. Musk then sent Twitter’s board a bear hug letter proposing to acquire the company at $54.20 per share. Musk reported $46.5 billion in committed finance for the transaction in a securities filing, and Twitter’s board finally accepted his bid.
Musk moved to terminate the agreement in July 2022, claiming Twitter had failed to deliver certain information regarding fraudulent accounts. The firm sued Musk to compel him to finalize the transaction.
On October 28, 2022, after months of legal battle, the billionaire’s goal to purchase the social media site was realized, and he assumed control of Twitter.
Family, Children, and Personal Life
So far, Musk has married three times. He has married the same woman twice, actress Talulah Riley, in those three marriages. Justine Wilson, a Canadian author, was his other wife. From 2000 to 2008, they lived in the same house. They had six sons and a girl together. He had relationships with actress Amber Heard and Canadian singer Grimes, among others. Musk and Grimes have a son, who was born in May 2020. Musk has a total of seven children. Nevada Alexander Musk (mother- Justine Wilson, born in 2002); Griffin and Xavier Musk (mother- Justine Wilson, born in 2004); (mother- Justine Wilson, born in 2002); Kai, Saxon, and Damian Musk (mother- Justine Wilson, born in 2006); (mother- Justine Wilson, born in 2002); X A-Xii Musk (mother- Justine Wilson, born in 2002); X A-Xii Musk (mother- Justine Wilson, born in 2002); (mother- Grimes, born in 2020).
Musk has a younger brother, Kimbal, born in 1972, and a younger sister, Tosca, born in 1974, in addition to his father and mother. Joshua Haldeman was Musk’s maternal grandpa. He was a Canadian who was born in the United States. Elon is an INTJ personality type. That he is introspective, intuitive, intelligent, and critical. Elon Musk is a confident, analytical, and ambitious man with a massive net worth.
What is Elon Musk’s net worth in 2023?
Elon Musk’s net worth is believed to be around 221.1 billion dollars. In reality, the amount is increasing by the second. He is the world’s wealthiest individual, according to Forbes. He is, without a doubt, the wealthiest person on the planet, with a significant financial advantage over Jeff Bezos. According to a Forbes real-time update, Elon Musk’s current net worth has surpassed $230 billion! His main sources of revenue are Tesla and SpaceX, but he also earns a lot of money from other places. His net worth over the last few years will undoubtedly surprise you. The World’s Top 10 Wealthiest Cricketers in 2023 (Based on Net Worth).
Elon Musk’s net worth was projected to be $28 billion on January 1, 2020. The amount was estimated to be around 70 billion dollars in July 2020. On November 17, 2020, Elon surpassed a net worth of $100 billion. It just took 7 days for it to hit the 128 mark, giving him a $100 billion increase in a year. In the end, South Africa, which was nurtured by Canadian Americans, had a net value of $170 billion in 2020. That was an increase of at least 142 billion dollars in just one year.
Elon Musk’s net worth surpassed $195 billion on January 7, 2021, putting him at the top of the list of the world’s wealthiest people. He brought Bezos down to 2nd place. The following day, it surpassed the 200-billion-dollar barrier! In October 2021, the massive Elon Musk net worth hit the 300 billion mark while on November 1st he reached an all-time top of $335 billion!
Elon Musk Salary
He isn’t your average guy, though. Hence, he doesn’t take any salary like other celebrities. He is Elon Musk, he thinks differently, he feels different and he does different kinda things as well. In fact, he doesn’t take any salary as CEO of Tesla. Instead, he has a very unusual and extremely lucrative bonus plan related to the company’s market cap milestones. When the company forged the plan, Tesla used to be worth around $50 billion. Based on $50 billion market cap increases, there were a total of 12 milestones. The 50-year-old business magnate hit every milestone. Hence the business idol qualified to receive all $100 billion from that bonus plan.
Real Estate Holdings
The man doesn’t only own an enormous Elon Musk net worth but also used to own $100 million worth of real estate in California alone. However, in the town of Hilborough, in northern California, he still owns a 100-year-old villa that has a 16,000-square-foot area and sits on nearly 50 acres. Musk purchased it in 2017 for $23.364 million. In the Los Angeles neighborhood of Bel-Air, he used to own 6 homes. It included a 20 square feet house which he bought for $17m back in 2012. The list also includes a 7000 square feet house (for $20m in 2015) and a 9300 square feet house (for $24.25m in 2016). However, in 2020, he surprisingly announced that he would sell all his real estate holdings. He did materialize what he announced. In fact, he sold 4 of his houses to one buyer at once.
Elon Musk Houses
With an unmatchable Elon Musk net worth, the eccentric billionaire still claimed that he lives in an ordinary house. According to the man himself, his primary residence wouldn’t be worth more than $50k. It’s a very humble amount of money for a high-profile person like him. The Tesla CEO also added that he’s renting it from SpaceX near its spaceport in Texas. A Musk tweet in June reads, “is (his primary residence) literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX, it’s kinda awesome though.”
However, the Wall Street Journal revealed that the 50-year-old lives with his family in a luxury mansion in Austin. His wealthy friend Ken Howery owns this highly luxurious mansion. According to the journal, it’s an 8,000-square-foot estate. His friend, Mr. Howry is the co-founder of PayPal and former U.S. ambassador to Sweden who bought this house for approximately 12m US Dollars in 2018. Reports also consider it the most expensive property on the thenceforth market in Austin. Whatever, with such a gigantic Elon Musk net worth, he should live in such kinda house for sure.
Collection of Cars
Apart from Elon Musk’s net worth, the Tesla CEO, the billionaire didn’t have any shortage of car collection. However, he started with low-cost cars in the beginning and now has reached the point where he can drive any car he wants.
Well, his very first car was a 1978 BMW 320i. It cost him only $1,400. With an initial bonus for Zip2, Musk bought a 1967 E-Type Jaguar. The billionaire purchased a McLaren F1 after selling PayPal and totaled it later. Musk also had a 1976 Lotus Esprit “Wet Nellie” or simply the Lotus Esprit submarine car in 2013. Musk paid 920k USD at the auction for the car which was used in the James Bond movie “The Spy Who Loved Me.”
He also owned an Audi Q7, and the car inspired him to include falcon wing doors on the Tesla Model S. The Tesla CEO also owned a Hamann BMW M5 sports car in 2007. This car is a slightly wider modified BMW. Moreover, he has a 2012 Porsche 911 Turbo. The richest person in history also gets gifts. A friend gifted him a Ford Model T and Musk revealed it via Twitter in 2017.
Rich people have the oddest of hobbies. Musk used to own a Tesla Roadster. But he parked it with an astronaut dummy named “Starman” at the wheel inside the Falcon Heavy rocket in 2018. So, the car has parted away from the world and currently is in space. In 2019, Elon revealed he loves to ride Tesla S Model usually.
He also rides on the wheel of a Tesla Model 3 Performance occasionally. While he drives with his kids, he tends to take the Model X car. People also noticed him riding a Cybertruck.
Elon is the founder as well as the president of the Musk Foundation. Its goal is to provide solar-power energy systems in disaster areas. The foundation also works to support research and development, advocacy, and educational goals. The charity foundation has made more than 350 contributions so far since its establishment in 2002. Musk foundation gave out $25 million directly to non-profits between 2002 to 2018. Musk also took the Giving Pledge in 2012. Therefore, he commits to giving the majority of his wealth to charitable causes. However, Forbes just gave him a philanthropy score of 1. That’s really a poor score. But it’s a bit realistic as he had given away less than 1% of his net worth till 2020.
Frequently Asked Questions (FAQs)
What is Elon Musk’s net worth in 2023?
The estimated Elon Musk net worth is $266.1 billion as of 2023.
Who is the Richest Person in the World?
Elon Musk is the richest person in the world.
Who is the Richest Person in Modern History?
Elon Musk is the richest person in modern history.
How much Salary does Elon Musk Get?
The eccentric billionaire doesn’t take any salary as CEO of Tesla.
How many Children does Musk have?
Musk currently has 7 children (6 sons and one daughter).
What is the Height of Musk?
Musk is 1.80 meters or 5 feet 11 inches tall.
Does Elon Musk Watch Anime?
Yes, he is a big fan and does watch anime.
Why is Elon Musk Famous?
The business magnate cofounded the electronic-payment firm PayPal and founded the spacecraft company SpaceX while also becoming the CEO of Tesla Motor.
How much does Elon Sleep?
He sleeps around 6 hours per night.
How can I Meet Elon Musk?
You can reach out to him online through Twitter, Facebook, and the Tesla website. One can also contact him by mailing a letter to the Tesla Board of Directors.
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