Elon Reev Musk or rather Elon Musk can best be described as an inventor, investor, an engineer and a business magnate. He is a man who has made billions out of his inventions and business investments that have yielded significant returns. Today he is one of the world’s most influential people and in addition one of the wealthiest too.
He has investments in Tesla Inc, Neuralink, OpenAI, SolarCity, SpaceX, Hyperloop, and even co-founded PayPal. He is a man with a lot of visions and dreams and among them is developing high-speed transportation systems, saving humans from extinction, and even colonizing other planets such as Mars. So, a man with such dreams and who acts on them what is his net worth considering these dreams like billions of capitals. Well here is Elon Musk net worth as of 2018 and his autobiography.
Billionaire and entrepreneur Elon Musk was born on June 28, 1971, in Pretoria, South Africa. He is the son of engineer Errol Musk and his mother, Maye Musk was a model and a nutritionist from Canada in the US. Above all musk is the eldest among his two siblings; his brother Kimball (b.1972) and her younger sister Tasco (b.1974). His father’s savagery led Musk to endure an impale childhood making his parents to divorce. Being engrossed in science-fiction and computers in his teen years, Musk pursed his career of business in school.
He studied at a college in Canada and relocated to West Coast upon graduating from the University of Pennsylvania. Being a smart young man, he got a second bachelor’s in physics after he attained a bachelor’s degree in economics making him get conceded at Stanford University in California to do a prominent doctoral program where he is pursuing a Ph.D. in energy physics. He moved to Canada in 1989 to his mother’s kin after getting Canadian citizenship.
Elon and Justine Musk linked up in 2000 and later got married. They had five sons namely; Damian, Griffin, Xavier, Saxon, and Kai. Their family is blessed with twins and triplets although their first son died in 2002 after ailing from a sudden infant death syndrome (SIDS). Musk remarried in 2010 before getting divorced from his second wife, Tallulah Riley in 2014 although the divorce was withdrawn and filed later in 2016 by Riley herself this time. He then took Amber Heard who they had been dating although it’s an on and off thing.
After graduating Elon became an apprentice at a Canadian bank which was his only occupation prior to becoming an internet entrepreneur. He started his first company, Zip2 Corporation in partnership with his brother while he was 24 years and landed contracts with the likes of the New York Times and the Chicago Tribune to impart ideas for their new online sites. While still a minor, he sold a video game to a computer magazine after inventing it at the age of 12. Getting his first computer, the Commodore VIC-20 at the age of 9, Musk studied it by himself and later got enticed in programming.
Mr. Musk in 1999 founded the company that administered maps and business directories which was soon acquired at $22million by Compaq Computer.
After receiving around $22 million from the sale of Zip2 Musk went ahead to co-found X.com which was offering online financial services. He would later merge with Confinity and come up with PayPal. PayPal would later be acquired by eBay for $1.5 billion, and he got around $116 million which was equivalent to 11.7% of his PayPal shares and in addition he bought back his X.com domain.
Being interested in space exploration, he first ascertained it by reading the Soviet-era rocket manuals. He then inaugurated other companies such as the Space Exploration Technologies SpaceX, Solar City, and Tesla. His foundation, SpaceX was started in 2002 where it was among private companies to have alighted with the international space station. It later led to the sculpture of Falcon rocket in 2015 anticipating that one day space would be tourism and a colony on planet Mars human’s pragmatic goals. Space X would grow to be the largest private producer of rocket engines in the planet. By exploring Mars, Musk has plans to colonize the planet by 2040 and make the planet a habitable planet by the same year.
Having an interest in electric cars, Mr. Musk among the likes of entrepreneurs Martin Eberhard and Marc Tarpenning commenced Tesla Motors in 2004. The Roadster was the first car that Tesla launched which traveled 394km (245 miles) after being charged singly. In addition to that, it was a sports car that traveled from 0-90km/hr, unlike other uneventful vehicles that were in the market. Tesla also introduced Model S sedan, in 2012 commended by automotive experts for its consummation and design. As the current CEO and product architect of Tesla motors he has overseen the launch of several Tesla by-products such as Model X, Model S among others. Some other companies that Musk has invested on are SolarCity which is the largest provider of solar power systems in the USA, Hyperloop a company that deals with high-speed travel, OpenAI a company that deals with providing intelligence, Neuralink and The Boring Company. His career ranges from one field to the other making him a billionaire in the process and boosting his net worth figures. Here is more about Elon Musk’s net worth.
Net Worth, Salary & Income
Elon Musk net worth is $18.8 billion as of the date of writing. He is one of the youngest and richest billionaires on the planet and 12th among tech billionaires. Elon Musk net worth has come forth as a result of his numerous investments and the business ideas this man comes up with now and then. He made a huge payday when PayPal a company he co-founded was acquired by eBay and walked away with around $168 million. SpaceX today one of his companies which valued at $20 billion. He has also got Tesla Inc., and as you can see today, Tesla cars are going for $35,000 in the market.
In addition to his businesses, Mr. Musk’s next endeavor is to invent an implant that would allow the human brain to communicate straightaway with tech devices through neuralink. Venturing into entrepreneurship led him to build a printing business, invent bifocal glasses and create the lightning rod, among other attainments, which provided the inventor with stimulation for coming up with new merchandise and starting other businesses.
11 Things You Don’t Know About Elon Musk
They have called him the “disruptor “for he is a man who wants to change the world and even go against all the laws of nature. Most of his time on earth he has spent it trying to invent new things, we can even say he has succeeded in revolutionizing the motor world. Such a mystery man who has saved companies that were on the edge of collapsing to taking advantage of the others what is it that you don’t know about him? Well, here a few 11 things you don’t know about Elon Musk.
1. Turned his college home into a night club
When Musk left South Africa for Canada, he enrolled in Queens University In Ontario prior to being transferred to Pennsylvania University. Here he met Adeo Ressi who suggest they should rent a home off campus and lucky for them they got a ten bedroom home. Ressi told Musk because they are the student and need money for rent why couldn’t they turn the house into a club for students during weekends and Musk agreed.
2. Hyerloop could revolutionize everything
Imagine traveling from one city to another through a tube in supersonic speed and reaching your destination in a matter of minutes after covering hundreds of miles. An example between San Francisco and Los Angeles you can just take 30 minutes, and that’s an area where you will generally take approximately 7 hours while driving. That’s exactly the kind of transportation he is inventing now.
3. The mother is a model
Elon Musk net worth stands at a couple of billions, but his mother Maye Musk who started modeling at the age of 15 still models even today despite her age. She was in Vanity Fair, New York Magazine and others.
4. His salary at Tesla is just $1
where he is the CEO and chief architect of the company you can’t imagine he just receives $1 per year as the salary, but this is because he is on the pledge list with fellow billionaires such as Mark Zuckerberg, Sergey Brin and others.
5. He put a signature on the pledge list
Did you know that there exists there is something called “The Giving Pledge” where you get to donate some part of your net worth to charity before you die? It was Warren Buffet and Bill Gates idea so that means if he has $21 billion he gets to give away $10.5 billion.
6. He inspired Tony Stark in the Iron Man movies
So, it’s true after all that Elon Musk had a hand in the success of Tony Stark. When Robert Downey Jr had a chat with musk it was a game changer to Tony Shark as his character turned to success.no wonder he was in Iron Man 2 himself and even some portions of the film were filmed in SpaceX.
7. A victim of bully
While in South Africa where he started school the fact that he was the smallest and somehow the youngest than the rest of the pupil’s bullies were all over him. He usually hated the idea of getting up and going to school because he has to be bullied by someone along the way every day.
8. He dropped from school
Did you know that Elon Musk was once a student at Stanford University? But just like his fellow billionaires such as Mark Zuckerberg who dropped out of school to start off companies Musk was no exemption, he did to start Zip2.
9. He has one of James Bond Cars
If you watched The film “The Spy Who Loved Me” 1977 that submarine car is what he purchased for $866k at an auction in 2013.
10. Made an appearance in Big Bang Theory television show
If you’re a fan of Big Bang theory, you can remember in 2015 in an episode named “The Platonic permutation” Musk himself was washing the dishes.
11. His recipe for the success is staying clean
You might be tempted to think that when you ask Elon Musk what his secret to his success is the answer would be hard work, determination, not giving up, waking up early, meditating and such but he answered to a Reddit user that Showering is the secret.
Musk emulated the phase ’leaders are readers’ as his career began at a tender age when he was a lover of reading books which has influenced where he is now. Talking to many people has also contributed to his success. Having read many books one of his best is Walter Isaacson’s “Benjamin Franklin: An American Life.” Developing easier ways to carry astronauts, Musk seeks to invent a fully accessible rocket that could lift off and return to the pad it launched from lessening the amount of space journey.
The high-tech entrepreneur drifts science fiction dreams into substance by using his wealth, being the most oriented entrepreneurs of all time who outwits space after attaining his childhood dream.