What is Elon Musk’s Net Worth in 2022? The net worth of Elon Musk has been estimated to be $268 billion.
Who is Elon Musk? Elon Musk is the owner of Tesla Motors and SpaceX. He was the former Co-owner of Zip2 and also Co-founded PayPal before it was purchased by eBay.
Here a quick info to grab about Elon Musk net worth and his profile.
- Elon Musk Net Worth: $268 Billion.
- Full Name: Elon Reeve Musk.
- Born: June 28, 1971.
- Citizenship: South Africa.
- Place of Birth: Pretoria.
- Source of Wealth: Business, Invention and Investment.
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Elon Musk’s Biography and Early Life
Elon Musk is an American entrepreneur and businessman who established X.com, which subsequently became PayPal in 1999, SpaceX in 2002, and Tesla Motors in 2003. He was born in South Africa on June 28, 1971.
Musk purchased his first computer when he was ten years old and taught himself to program.
He sold his first piece of software, a game named Blaster, when he was 12 years old.
He went to Canada at the age of 17 to attend Queen’s University, but left in 1992 to attend the University of Pennsylvania to study business and physics.
Musk earned an undergraduate degree in economics before going on to complete a second bachelor’s degree in physics and a PhD in energy physics.
However, he dropped out of Stanford University to pursue a career in the internet boom.
His mother, Mayne is a model and a dietician, while his father, Errol was an engineer.
He is the oldest of three children, all of whom are academically successful. Kimbal Musk, his brother, is a venture investor and an environmentalist. Tosca Musk is a filmmaker, producer and television programs director.
See: Richest men in South Africa.
Elon Musk’s Career Journey
In 1995, Musk and his brother, Kimbal Musk, established their first company, Zip2 Corporation. Zip2, an online city guide, were rapidly contributing information for the New York Times and the Chicago Tribune’s new websites.
Zip2 was purchased by a division of Compaq Computer Corporation for $307 million in cash and $34 million in capital options in 1999.
With the profits from the sale of Zip2, Elon and Kimbal Musk launched X.com, an online financial services/payments business.
The next year, X.com resulted in the development of PayPal the world knows today.
When PayPal was bought by eBay for $1.5 billion in shares in October 2002, Musk made his first billion. Musk had 11% of PayPal equity before the transaction.
Elon Musk established his third corporation, Space Exploration Technologies Corporation popularly known as SpaceX, in 2002 with the goal of developing commercial spaceships.
He established his third corporation, Space Exploration Technologies Corporation popularly known as SpaceX, in 2002 with the goal of developing commercial spaceships.
NASA granted SpaceX the contract to handle cargo transport for the International space platform in 2008, with plans to feature human transport in the future.
Elon and SpaceX made history on May 22, 2012, when they launched an unmanned craft into space with their Falcon 9 rocket.
In 2003, Tesla Motors was founded and devoted to creating cheap, mass-market electric automobiles, as well as battery goods and solar roofing.
Elon Musk is the company’s co-founder, CEO, and product designer. Musk is currently in charge of the company’s product development, engineering, and design.
Elon Musk’s Recognitions and Awards
Elon Musk received the George Low Transportation Award from the American Institute of Aeronautics and Astronautics in 2008 for his contributions to the development of the Falcon rockets.
Musk was selected Fortune Businessperson of the Year in 2013 for his work on SpaceX, Solar City, and Tesla.
He was awarded an Honorary Doctorate in Engineering and Technology by Yale University in 2015, as well as IEEE Honorary Membership.
In 2010, he received the Gold Space Medal from the Fédération Aéronautique Internationale, and in 2012, he received the Gold Medal from the Royal Aeronautical Society.
Around 2010, 2013, and 2018, he was named one of Time magazine’s 100 Most Influential People.
In 2018, Musk was inducted by the Royal Society as a fellow. On Forbes’ list of the “Most Innovative Leaders of 2019,” Musk was ranked equal #1.
In 2020, New African magazine named Musk one of the Top 100 most influential Africans.
Musk also received the Axel Springer Award on December 1, 2020. Elon is ranked No. 1 on Fortune Magazine’s Businessperson of the year 2020 list.
According to Bloomberg, Musk was named the world’s wealthiest person on January 7, 2021.
Also, Elon Musk was rated #1 on Forbes’ Billionaires List on January 10, 2021 as a result of a significant increase in Elon Musk net worth.
Despite dropping in wealth in the middle of 2021, he again retakes his position as the richest man in the world with an estimated net worth of $268 Billion.
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(Summary) Elon Musk Net worth in 2022
For a recap, Elon Musk net worth has been estimated to be $268 billion as at 2022.
At some point in January 2021, Elon musk was the wealthiest man in the world but as few months passes, Jeff Bezos’s net worth surpassed his and thereby placed Elon Musk as the second richest man in the world.
Elon Musk surpassed Jeff Bezos again towards the ending of 2021, Elon Musk now becomes the richest man in the world again in 2022.
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