Elon Musk Net Worth: The world’s richest man, who oversees X (previously Twitter), Tesla, and SpaceX, utilizes his position to express his opinions on a wide range of subjects. With his outrageous business stunts, the 52-year-old serial entrepreneur has fascinated the public ever since he emerged into the Silicon Valley scene more than 20 years ago.
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Who is Elon Musk, Everything About Him
| Full Name | Elon Reeve Musk |
| Date Of Birth | June 28, 1971 |
| Age | 52 Years old |
| Birth Place | Pretoria, Transvaal, South Africa |
| Nationality | South Africa Canada United States |
| Education | University of Pennsylvania |
| Title | Founder, CEO, and chief engineer of SpaceX CEO and product architect of Tesla, Inc. Owner and CTO of X, formerly Twitter President of the Musk Foundation Founder of The Boring Company, X Corp., and xAI Co-founder of Neuralink, OpenAI, Zip2, and X.com (part of PayPal) |
| Father | Errol Musk |
| Mother | Maye Musk |
| Brother | Kimbal Musk |
| Sister | Tosca Musk |
| Wife | Justine Wilson (m. 2000; div. 2008) Talulah Riley (m. 2010; div. 2012), (m. 2013; div. 2016) |
| Relationships | Amber Heard (2015–2017) Grimes (2018–2021) |
| Children | Nevada Alexander Musk Griffin Musk Xavier Musk Damian Musk |
| Elon Musk Net Worth | USD 420.6 billion as of 2025 |
Where Was Elon Musk Born?
South Africa’s Pretoria is where Elon Musk was born in 1971. His upbringing was pleasant because his family was quite wealthy. His father, Errol Musk, was an engineer and real estate entrepreneur, and his mother, Maye Musk, was a prominent model and dietitian.
His future prosperity was paved by this. He profited from the considerable resources, privileges, and money of his family.
In the 1980s, the Musk family became considerably wealthier. Errol Musk bought an emerald mine in Zambia, which became extremely successful. During the 1980s, the Musk family’s fortune is reported to have increased to more than $100 million.
The mine’s income provided Elon Musk with financial security when he departed South Africa to seek higher studies in Canada and the US. The family’s vast fortune also allowed him to take chances as an entrepreneur. However, Musk has stated that his family’s wealth did not play a significant role in his success.
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Elon Musk Early Life
On June 28, 1971, Elon Reeve Musk was born in Pretoria, the administrative capital of South Africa. He has Pennsylvania, Dutch, and British heritage. Maye Musk, née Haldeman, is his mother. She is a dietitian and model who was reared in South Africa after being born in Saskatchewan, Canada.
Elon Musk Parents
Errol Musk, his father, is a South African electromechanical engineer, pilot, sailor, consultant, and real estate developer. He also owned a rental resort in the Timbavati Private Nature Reserve and a portion of an emerald mine in Zambia, close to Lake Tanganyika. Musk has a younger sister named Tosca and a younger brother named Kimbal.
Elon Musk Career
Zip2
Musk started his entrepreneurial career in the 1990s. Musk and his brother Kimbal, co-founded Zip2, a city guide software startup, after dropping out of Stanford University.
Musk received a sizeable $22 million portion of the $305 million that Compaq paid to purchase Zip2 in 1999. In the 2000s, Elon Musk Net Worth increased significantly.
X.com
In 1999, Musk was a co-founder of the online bank X.com.
PayPal
After that, in 2000, X.com joined with Confinity, a competitor, and changed its name to PayPal in 2001. PayPal was purchased by eBay in 2002 for an astounding $1.5 billion. The biggest stakeholder, Elon Musk, received $165 million from the transaction.
SpaceX
Of this sum, Musk utilized $100 million to launch SpaceX in 2002. He also became an early investor in Tesla, which was created by Martin Eberhard and Marc Tarpenning. Musk gradually adopted a more active role in the firm, eventually becoming CEO in 2008.
Tesla
Elon Musk Net Worth was projected to exceed $1 billion by the end of the 2000s, owing mostly to income from the sale of PayPal and the early success of SpaceX and Tesla.
In the 2010s, Musk amassed incredible wealth as his businesses, particularly Tesla, achieved unprecedented success. Tesla had some early losses and initially struggled to earn a profit. In 2010, Tesla made its NASDAQ debut for $17 per share.
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Tesla Stocks
Tesla’s stock was selling at about $27 per share at the end of the decade. The booming demand for electric vehicles, as well as Tesla’s creative production and marketing techniques, contributed to the company’s success.
During this period, Musk significantly increased SpaceX’s operations, helping the business land many profitable NASA contracts.
Elon Musk Net Worth varied between $10 and $20 billion over most of the 2010s. Musk’s fortune skyrocketed as Tesla began to carve out a larger market share and sell more vehicles.
For Musk, the 2020s have been extraordinarily profitable thus far. Because of Tesla’s constant development, his net worth has continued to soar. Elon Musk Net Worth rose by $142 billion alone in 2020. With Tesla’s stock rising to above $400 in late 2021, Musk became the world’s richest person. His net worth reached a peak of $320 billion in November 2021. His net worth decreased somewhat again in December 2022 due to a decline in the price of Tesla’s shares.
How Elon Musk Makes Money
Mr. Musk promptly left Stanford University’s Ph.D. program in physics after being admitted, founding two tech start-ups in the 1990s “dotcom boom” instead. These included an online banking startup that later evolved into PayPal and a web software company that eBay purchased in 2002 for a sum of $1.5 billion.
He invested his riches in two new businesses: SpaceX, a rocket firm he founded to become a more affordable NASA substitute, and Tesla, an electric automobile company where he chaired the board until taking the helm as CEO in 2008.
The two companies are recognized for upending their respective sectors, despite coming dangerously close to bankruptcy at times. His most recent business effort was the purchase of the social media network Twitter in October 2022.
Since then, he has substantially decreased the number of his personnel, including contentious layoffs to teams responsible for keeping the platform secure, renamed the firm X, and launched new premium memberships to diversify revenue streams away from advertising.
Elon Musk Net Worth
While taking about Elon Musk Net Worth, so his attractiveness seems to stem from all those paradoxes, and that hasn’t stopped him from accumulating a sizable amount of wealth. According to Forbes and Bloomberg, he is the richest person in the world, with an estimated net worth of USD 420.6 billion.
That is mostly determined by the value of his Tesla stock, of which he owns over 13%. As the company’s productivity expanded and it began to generate consistent profits in 2020, the value of its stock shot up—some would argue unfairly. Although some blamed the distraction of the Twitter acquisition for the shares’ decline at the end of last year, they have subsequently rebounded.
In addition, Mr. Musk supports virtual currencies and has stakes in several other smaller businesses, including the Boring Company, which builds tunnels, and Neuralink, a start-up that experiments with brain computers.
Wearing the workaholic moniker with pride, Mr. Musk has frequently stated that he is not in the business of generating money; he recently reaffirmed this about his purchase of Twitter.
According to friend and Tesla investor Ross Gerber, “Elon only gets involved with things if he feels that they’re critically important for some reason… for the sake of society or humanity.”
Elon Musk Political Opinions
Since obtaining US citizenship in 2002, Mr. Musk has rejected attempts to categorize his political views, referring to himself as “independent,” “politically moderate,” and “half-Democrat, half-Republican.” That doesn’t imply he has avoided engaging in political discourse.
Having inserted himself into some of the world’s most heated geopolitical disputes, he has suggested that China create a “special administrative zone” in Taiwan and put out parameters for ending the conflict in Ukraine that many of the nation’s most powerful officials have vehemently opposed.
While Mr. Musk gave his Starlink satellite internet service to Ukraine, he has also faced criticism for dismissing Kyiv’s emergency request to activate Starlink at Sevastopol, home to a significant Russian navy port.
In the United States, he relocated to Texas, protesting California’s laws and high taxes; he has battled with union organizers; and, in the spring of 2020, he described coronavirus lockdowns as “fascist.”.
FAQs
Who is The Owner Of SpaceX?
Elon Musk is the owner of SpaceX.
What is Elon Musk’s IQ?
His IQ is approximately 155.
How Much is Elon Musk Net Worth?
His net worth is USD 420.6 billion.
