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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.
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.
Elon Musk speaking at the inauguration of the test tunnel in Hawthorne, California, December 2018. In early 2018, the Boring Company was spun out from SpaceX and into a separate corporate entity. [13] Somewhat less than 10% of equity was given to early employees, and over 90% to Elon Musk. Early employees came from a variety of different ...
Here’s what else you should know about Musk, including how he got his start and his largest investments today. Key facts about Elon Musk. ... but Musk held a 42 percent stake in the business ...
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Elon Musk bought $1.5 billion worth of the cryptocurrency in 2021 using the electric car maker’s cash reserves Tesla moves $765 million of bitcoin to mystery wallet Skip to main content
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]
Elon Musk revealed early Wednesday his electric auto company Tesla will accept Bitcoin as a form of payment from customers.