Elon Musk Biography: Net Worth and Invested Companies

Elon Musk Biography: Net Worth and Invested Companies

Who is Elon Musk?

Elon Musk nationality is from South Africa, Canada, and the USA. He is an entrepreneur, investor, industrial engineer, who founded SpaceX and co-founded PayPal. He is also one of the early financiers in Tesla and is now the Chief Executive Officer of the company. He is the visionary entrepreneur and founder of Neuralink, The Boring Company, and OpenAI. Elon Musk invested companies are X.com, PayPal, SpaceX, Tesla, Neuralink, Zip2, Deepmind, Solarcity, etc.

Elon Musk age is 50 and was born on June 28, 1971, in Pretoria, South Africa. He displayed his initial talent in video games and computers and at the age of 12, he developed a video game code that earned him fortune and fame. He concisely attended the University of Pretoria before shifting to Canada when he was 17 years to go to Queen’s University. He moved to the University of Pennsylvania after a couple of years, where he acquired bachelor’s degrees in physics and economics. He relocated to California in 1995 to go to Stanford University but established to seek a career in business and co-founded Zip2 company with his brother Kimbal.

Elon Musk Biography

Elon Musk spouse, Justine Wilson, his first wife met while attending Queen’s University and they got married in the year 2000. Elon Musk children, his twins Xavier and Griffin were born in 2004 April, followed by Damian, Saxon and Kai in 2006. The couple separated in 2008 and took custody of their five sons.

In the year 2008, Elon Musk started dating Talulah Riley, and in 2010, they got married. Musk disclosed a divorce in 2012 from Riley.  Riley and Musk remarried in 2013 and a second divorce was announced in 2016.

Musk and Grimes announced that they were dating in May 2018. They gave birth to “X AE A-XII” Musk in May 2020 with  “Musk” as a surname, “AE A-XII” as a middle name and “X” as a first name. In September 2021, some media reports disclosed that they are semi-separate.

How Much Money Does Elon Musk Have?

Elon Musk net worth was declared at approximately 300$ and was announced richer than Warren Buffet and Bill Gates put together. He has become the first individual to pass over the $300 billion net-worth brinks after Elon Musk wealth surged by $10 billion in just one day. Elon Musk net worth is now more than the yearlong GDP of several nations like  Greece, Qatar, Portugal, Egypt, the Czech Republic, and Finland.

Elon Musk net worth is over $300 billion and on average, he makes approximately $383,000,000 per day from 2020 April until October 2021. Elon Musk companies like SpaceX, DeepMind, The Boring Company, PayPal Holdings Inc., and Tesla Inc. are his top holdings.

How Much Money Does Elon Musk Have

Elon Musk Invested Companies:

X.com/PayPal

Musk’s ingenious investments are directed at technology, however, they are quite disparate in terms of the sector. One of Elon Musk’s initial ventures was in a payment processing firm. In the year 1999, he co-founded X.com, an email payment firm and online financial services. The company was one of the initial federally insured online banks and more than 200,000 clients acquired the services within its first few months.

Zip2 Corporation

Zip2 Corporation is eminent and widely known as it is the initial Elon Musk’s many widely known investments. Before the establishment of the engines like Google and Yahoo, Zip2 Corporation suffused in the banks in 1995, back when the Internet acquired yellow pages. Elon Musk sold this company to Compaq at $307 million. It was the largest ever amount compensated to obtain an internet firm.

The Boring Company

The Boring Company was an erstwhile SpaceX ancillary that endeavours to resolve the complex traffic situations by ‘underground transport infrastructure’ and ‘boring tunnels’ for the people to access. Musk voiced his own unpleasant experiences with traffic in Los Angeles as the motivation for the firm. It will alleviate the traffic problem on ‘The Strip’, one of the busiest streets of Las Vegas.

Tesla, Inc.

After a year Tesla Inc was established in 2003, Musk joined and is currently the CEO of the company. It has aimed to stimulate the world’s development to sustainable energy. Being an automotive organization, Tesla is globally and widely known for its electric cars that are commercial and available at competitive prices. Tesla Inc is now accountable for approximately 80 per cent of battery-electric cars sold in the USA for the initial six months of the 2020 year after 17 years of being founded.

SpaceX

SpaceX is an aerospace firm founded by Musk just months before he sold his innovative online payment company PayPal to eBay. This space transportation firm and the aerospace manufacturer is an ally to NASA via its ‘Commercial Crew Program.’ In this venture, SpaceX has produced multiple launches of vehicles and some of them are accessed by NASA for their missions including widely known projects such as Crew Dragon and Starlink.

OpenAI

OpenAI is developed from a non-profit arm and a for-profit arm. It was established in 2015 December and directs artificial intelligence research. The sector acknowledges OpenAI as a competitor to DeepMind. Since its establishment, OpenAI has been immersed in multiple robotics and AI applications. In 2018, it developed the ‘Debate Game’, which uses machine learning to train robots to debate issues in front of an individual.

This innovative neurotechnology firm Neuralink, established in July 2016, has promising applications in the sectors of robotics, medicine, military, prosthetics, etc. It solely progresses implantable brain-machine interfaces. It is an initial and remarkable step towards connecting the Internet to the human brain.

DeepMind

Elon Musk is prudent about the perspectives of artificial intelligence, tensed about how it can take an incorrect course. Perhaps, his investment in this firm was a process for him to keep track of what is being established in the AI industry. DeepMind is founded by Google and endeavours to resolve intelligence by partnering neuroscience and computer technology to develop “artificial general intelligence.”

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Conclusion

Elon Musk is a South African-born American investor and entrepreneur who co-founded SpaceX, PayPal, Neuralink, SolarCity, Tesla, Zip2, Deepmind, The Boring Company, OpenAI, etc. He is the first individual whose net worth is over $300 billion and now he became world’s richest person according to forbes.

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