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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, [416] and $397 billion according to Forbes, [417] primarily from his ownership stakes in Tesla, Inc. and SpaceX. [418]
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.
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]
It is no secret that Musk has an affinity for Texas, but as a business decision, moving to the state has a myriad of personal and professional advantages. He seems to prefer the politics in the state.
Elon Musk gives a tour toPresident-elect Donald Trump and lawmakers of the control room before the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024 in Brownsville, Texas.
How Bastrop, pop. 12,000, became a magnet for a handful of Musk companies. Elon Musk’s business empire is taking over a small Texan town. Not all of its residents are pleased
On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [21] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [12] In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp ...
— Elon Musk (@elonmusk) February 1, 2024 The richest man on Earth's recent falling out with the state began after a Tesla investor brought a suit claiming Musk's $55.8 billion pay package in ...