Elon Musk Net Worth 2023
As of the end of 2023, Elon Musk net worth is estimated at $188.6 billion.
| Net Worth: | $188.6 Billion |
| Born: | June 28, 1971 |
| Age: | 51 |
| Birthplace | South Africa |
| Nationality | South African, Canadian, American |
| Source of Wealth: | Investor/ Entrepreneur |
| Last Updated: | February 2023 |
Who is Elon Musk?
Elon Musk was born in 1971 in South Africa. His mother was a Canadian nationalist and his father was from South Africa. Elon musk is an Inventor, investor, entrepreneur, and business magnate.
Elon Musk has been part of many success stories, he is the CEO of Tesla Inc., founder, CEO of CTO of SpaceX, founder of Neuralink, and co-chairman of OpenAI.
Most people know that Elon Musk’s success came in 2002 when he sells his co-founded online application named PayPal, to an online marketplace giant.
Recently, there is been many talks about who is the richest person in the world and with the help of these companies, Elon Musk became the richest person in the world in 2021. But in 2022, after a huge drop in his shares value in electric car maker company, he is no longer the wealthiest man. He is now the second wealthiest man on earth.
Elon Musk Childhood
Elon Musk was born in Pretoria, one of three capital cities of South Africa in 1971. He has two more younger siblings, Tosca and Kimbal. His mother was a Canadian model and his father was an engineer from South Africa. From an early age, he got into a great passion for computers. At the age of 12, he learns about computer programming and developed a video game named Blaster and sold this game to a magazine called PC and Office Technology for $500.
Elon Musk Education
Elon musk got his early education from the University of Pretoria. At the age of 17, he moves to Canada with his family and there he attends Queen’s University. He got his bachelor’s degree in economics and physics from the University of Pennsylvania. In 1965, he moved to California and attend Stanford university but after some time, he drops out of university and starts his own business.
Elon Musk Career
After dropping out from Stanford University, he starts entrepreneurship, and with the help of his brother, he found zip2. It is an online service that provides a licensed city online guide service to the newspaper publishing industry. Later Elon and his brother sold this company to Compaq for $307 million. Elon got his share in the company in form of $22 million. Now he founded X.com, which is intended to send and receive payments using E-mail.
Later this company merged with Confinity and becomes a new famous company PayPal. In a short time, this company becomes so famous and gets the top spot in online payment services. Then Elon Musk sold this company to eBay in stock for $1.5 dillion. Now he gets 165 million more in his pocket.
Now with this money in his pocket, he found SpaceX, Solar City, and invest in Tesla Motors. These companies start growing day by day and this is responsible for the success of Elon Musk and his sudden jump in net worth. All these companies work with a great aim like SpaceX aims to reduce the cost of human spaceflight by a factor of 10 and Tesla aims to accelerate the world’s transition to sustainable energy and end the use of fossil fuels in cars. By doing this, they are intended to solve the fossil fuels crisis in the automobile industry, by developing affordable and stylish electric vehicles. Solar City is the 2nd largest provider of solar power systems in the United States. All these companies are playing key roles in uplifting Elon Musk’s net worth. Currently, Elon Musk net worth is around $188.6 Billion.
Also Read: Bernard Arnault Net Worth 2023
Elon Musk Life Events
Some of the main life events in Elon Musk’s life are:
- Moved to Canada in 1988 for admission to Queen’s University
- Moved to California in 1995 to attend Stanford University
- Moved to Silicon Valley in 1995 after dropping out of university.
- Sells Zip2 to Compaq for $307 million in 1999
- Founds X.com, which later becomes PayPal after merger with Confinity in 1999
- Sells PayPal to eBay for $1.5 billion in 2002
- Got American nationality in 2002
- Founds SpaceX in 2002
- Becomes CEO of Tesla in 2008
- Delivery of first All-Electric Model S Tesla car in 2012
- Tesla car Model X Launched in 2015
- Tesla and SolarCity merger in 2016
- Tesla car Model 3 Arrives in 2017
- The SpaceX Falcon Heavy Rocket Launches in 2018
Elon Musk Personal life
Elon Musk is the father of seven children and has been married three times. He married Talulah Riley two times and then the couple got separated. He met his first wife Justine Wilson in Canada at Queen’s University. The pair got married in 2000. After marriage, the couple moved to Los Angles. The pair had five children, twins and triplets.
The couple got divorced in 2008 and after the divorce, Elon starts dating actress Talulah Riley. Talulah Riley and Elon married in 2010. After two years, the couple got divorced on a good note. Elon tweeted at Diley “It was an amazing four years. I will love you forever. You will make someone very happy one day”.
Elon and Riley got remarried in 2013. After 3 years of relationship, Riley filed for divorce in court and got divorced later in 2016.
In 2018, Page Six reported that Elon and Grimes had been quietly dating for a few weeks. In January 2020 Grimes confirmed she is expecting a baby with Musk but in September 2021, Musk told Page Six that he and Grimes have broken up.
As of the end of 2023, Elon Musk net worth is estimated at $188.6 billion.
Elon Musk Quotes
Some of my favorite Elon Musk’s quotes are:
- “If something’s important enough, you should try. Even if the probable outcome is a failure.” Elon Musk
- “Some people don’t like change, but you need to embrace change if the alternative is a disaster.” Elon Musk
- I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.” Elon Musk
- Patience is a virtue, and I’m learning patience. It’s a tough lesson.” Elon Musk
2 Success Lessons from Elon Musk
Here are some success lessons that we can learn from Elon Musk and apply them in our life.
1- Focus on Building Amazing Products
All of Elon Musk’s products and companies are found to find and create the best solution out there for each market they target. PayPal, Tesla SpaceX, and Solar city, all these products have the main focus on being the best in their category. The actual thing is that if your end product is not good then whatever you do, will never get the same level of success
2- Don’t Be Afraid to Put Yourself in Uncomfortable Situations
In a previous interview, Elon Musk explained how he invested all of the money he got from selling PayPal into other companies like SpaceX, Solar City, and Tesla. This was an incredible risk, if anything goes wrong then he could have easily lost all the money he worked so hard to attain in the first place. In Interview Elon Said:
” My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.”
He did all this to fulfill his vision. He knows that if he fulfills his vision then it will outcome in form of more than a hundred times more money than he received from PayPal.
Elon Musk FAQs
1- Who is Elon Musk?
Elon musk is a American Business man who is well known as a CEO of Tesla, Co-Founder and CEO of SpaceX, and Owner and CEO of Twitter.
2- When was Elon Musk born?
Bernard Arnault was born on June 28, 1971 in South Africa.
3- What is Elon Musk Age?
As of February, Elon Musk is 51 years old.
4- What is the source of Elon Musk Wealth?
His main source of wealth is his shares in Car making company Tesla, Space Exploration Technologies, The Boring Company and Twitter.
5- When did Elon Musk become the CEO of Tesla?
In 2008, Elon Musk became the Chief Executive Officer of Tesla.
6- What was Elon Musk net worth in 2022?
In 2022, Elon Musk net worth was $270 Billion.
7- What was Elon Musk net worth in 2021?
In 2021, Elon Musk net worth was $320 Billion.
8- What was Elon Musk net worth in 2020?
In 2020, Elon Musk net worth was $163 Billion.
9- What was Elon Musk net worth in 2019?
In 2019, Elon Musk net worth was $20 Billion.
10- What was Elon Musk net worth in 2018?
In 2018, Elon Musk net worth was $24.6 Billion.
11- How many kids Elon Musk Have?
Elon Musk has 10 kids with Talulah Riley, and Justine Musk. Elon Musk kid names are X Æ A-Xii, Nevada Alexander Musk, Griffin Musk, Kai Musk, Damian Musk, Saxon Musk and Xavier Musk.
12- What is Elon Musk net worth as of today?
As of today, Elon Musk’s net worth is $188.6 Billion.
Summary
Elon Musk is a man who doesn’t get afraid of taking risks. In 2002, when he sold PayPal to eBay, he invested all of that money into SpaceX, Solar City, and Tesla to make his vision a reality.
Elon Musk net worth is estimated at $188.6 billion, and with all these futuristic companies, this number will get bigger.
What are your opinions about Elon Musk’s net worth? Leave a comment below.
