Elon Musk Net Worth

Who is Elon Musk and what is his net worth 2018? Elon Musk is an American Businessman, investor, philosopher, entrepreneur, inventor, and engineer. He was born on 28th June 1971 in Pretoria, Gauteng, South Africa. His full name is Elon Reeve Musk. His mother Maye Musk was a model and dietitian from Canada and his father Errol Musk an African electromechanical engineer, pilot, and sailor. He has two siblings including a younger brother called Kimbal and a younger sister called Tosca who is a filmmaker. His sister is the founder of the Musk Entertainment and she has produced several movies. His parents were separated through a divorce in 1980.

Firstly, he married a Canadian Author, Justine Wilson in 2000 but they got separated in 2008 and the couple has six sons together. Their first son Nevada Alexander Musk died at the age of 10 weeks due to sudden infant death syndrome. They have twins Griffin and Xavier who were born in 2004 followed by triplets Saxon, kai, and Damian who were born in 2006.

Elon Musk Net Worth

In 2008, Musk got married to an English actress Talulah Riley. They parted their ways in January 2012. Thereafter the couple remarried in July 2013. But they again took divorce in October 2016 which was filed by Riley.

Education: AT the age of 10 years he learned computer programming. he launched his first commercial software called Blastar at the age of 12 years. He went to Waterkloof House Preparatory School. He was graduated from Pretoria Boys High School. He moved to Canada in June 1989. Then he attended Queen’s University in Kingston, Ontario for an undergraduate program. After two years at Queen’s University, he shifted to the University of Pennsylvania where he pursued a bachelor of Science degree in physics.

He pursued a Bachelor of Science degree in economics from Wharton School of Business. In 1995, he moved to California and joined Stanford University to pursue a Ph.D. in applied physics and material science but he left this program after two years to pursue his dream of doing something in the field of internet, outer space and renewable energy.

He started Zip2 in 1995, along with his brother, Kimbal which is a web software company. Later on, he sold Zip2 to Compaq Computer and became a multimillionaire with this excellent deal. He is the founder of Tesla Motors and SpaceX. In 1999, he established X.com which is an online financial service and payment company. Thereafter in 2003, he founded Tesla Motors. Model S was the first electric sedan of Tesla Motors which could cover 265 miles between charges, and it was awarded the car of the year 2013 by Motor Trend Magazine.

In 2012, SpaceX launched a rocket which sent the first commercial vehicle to the International Space Station and it was awarded by NASA the contract to handle cargo transport for the International space station.

In August 2013, he invented a concept called the Hyperloop which is a new form of transportation and it will reduce the travel time while travelling between major cities. He claimed that it would be safer than a plane or train and it has an estimated cost of $6 billion which is one-tenth of the cost of the rail system which was planned by California.

Elon Musk Net Worth

He has gained an estimated net worth of $20.7 billion and with such an excellent net worth and as per the Forbes is the 80th wealthiest person in the world. He got placed at number 21 on the Forbes list of the most powerful people of the world released in December 2016. Forbes Magazine has declared his the 15th richest person in the tech industry.

He has a large an impressive car collection. He owns a McLaren F1 super car, an Aero L-39, He also has a Czech-made jet trainer aircraft. The very first car he bought was a second-hand 1978 BMW 320i which he bought for $1,400. Then he purchased a 1967 E-Type Jaguar.

Three years ago Musk bought the Lotus Esprit Car. He has also an Audi Q7 in his possession. Moreover, he became the proud owner of a Porsche in 2012. He also added a Hamann BMW M5 sports car to his collection in the year 2007.

He gets an annual salary of approximate $1,000 from Tesla Motors. In June 2013 he won the Heinlein Prize of worth $500,000 for Advances in Space Commercialisation award. In November 2013 the value of his 32% share in Tesla was around $5,760,000,000. In 2003 he got an approximate salary of $33,280 as the CEO of Tesla Motors.He has earned a great wealth and the sources of his excellent wealth are SpaceX, Tesla Motors, and Paypal.

He is the founder of SpaceX company. He is the co-founder, CEO and product architect of Tesla Inc. he is the co-founder and chairman of Solar City and co-chairman of OpenAl & Zip2. He is also the founder of X.com which later on merged into Confinity and became PayPal. He has also founded a high-speed transportation system called Hyperloop. He has also proposed a jet aircraft with electric fan propulsion called the Musk electric jet.

On 24th March 2017, Musk shared many details by a video about the Model 3 of Tesla Motors and also revealed the solar roof tiles Tesla Plans to sell.

He is the most influential business personality in America and has inspired many people since childhood to do better with their lives. He has a dream to make the world a better place and he is working on this dream efficiently. He is still growing day by day and proving that sky is the limit for him. We wish him more and more luck and success in future.