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Elon Musk is the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [415] and $397 billion according to Forbes, [416] primarily from his ownership stakes in Tesla, Inc. and SpaceX. [417]
Musk has defended his wealth by saying he is accumulating resources for humanity's outward expansion to space. [12] At the start of 2020, Elon Musk had a net worth of $27 billion. [13] By the end of the year his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock. [14]
In March 1999, [15] Musk co-founded X.com, an online financial services and e-mail payment company with $12 million of the money he made from the Compaq acquisition. [16] X.com was one of the first online banks that was federally insured, and over 200,000 customers joined in its initial months of operation.
How did Elon Musk start making money? Elon Musk began building his fortune by starting the company Zip2. The company was acquired by Compaq in 1999 for $307 million, of which a 27-year-old Musk ...
There is one wealthy person who currently stands as the richest person in the world and that is Elon Musk, who, according to Forbes, is worth about $428.7 billion. Many of us might ask ourselves ...
Elon Musk -- still the world's richest man, with a $243 billion net worth as of July 10, according to the Bloomberg Billionaires Index -- is at the helm of several companies. From Tesla to SpaceX ...
Musk had contributed US$70 million of his own money to the company. [27] On May 19, 2009, Germany's Daimler AG, maker of Mercedes-Benz, acquired an equity stake of less than 10% of Tesla for a reported US$50 million. [30] According to Musk, the Daimler investment saved Tesla. [31]
Elon Musk, called every name from ‘carnival barker’ to ‘absent CEO,’ is on the verge of landing a $45 billion pay package from Tesla Paolo Confino June 12, 2024 at 3:17 PM