Elon Musk is an entrepreneur and business magnate who co-founded PayPal and Tesla Motors. He has an estimated net worth of $12.4 billion as of March 2018, making him one of the richest people in the world. Musk has also founded SpaceX, and is now working on developing the Hyperloop.
Elon Musk, the founder of Tesla and SpaceX, is now worth an estimated $12.7 billion, making him the 74th richest person in the world. His net worth has increased by $1.7 billion since last year, and $10 billion since 2016. The majority of his wealth comes from his ownership stake in Tesla, which is currently valued at around $51 billion.
He also owns a minority stake in SpaceX, which is valued at an estimated $15 billion.
Musk’s net worth could increase even more in the coming years as Tesla continues to grow and expand its business. The company is currently worth more than twice what it was just two years ago, and Musk’s share of that growth is significant.
If Tesla’s stock price continues to rise, Elon Musk could soon become one of the world’s wealthiest people.
Jeff Bezos Net Worth
Jeff Bezos is the founder and CEO of Amazon, one of the world’s largest online retailers. He also owns The Washington Post and Blue Origin, a space technology company. As of October 2017, Bezos’ net worth was estimated at $84.7 billion, making him the richest person in the world.
Bezos was born in Albuquerque, New Mexico, on January 12, 1964. He graduated from Princeton University in 1986 with degrees in electrical engineering and computer science. After working on Wall Street for a few years, he quit his job to start Amazon in 1994.
The company began as an online bookstore but quickly expanded to sell a wide variety of items. Today, Amazon is a global powerhouse that sells everything from books and electronics to clothing and groceries.
In addition to his business successes, Bezos has also been active in philanthropy.
He has donated money to various charitable causes including education and medical research. In September 2017, he announced that he was committing $10 million to support Deferred Action for Childhood Arrivals (DACA) recipients through TheDreamUS scholarship program.
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Who is No 1 Richest Person in the World?
The richest person in the world is Jeff Bezos, founder and CEO of Amazon. As of October 2019, his net worth was estimated to be $107.1 billion. He has been the world’s richest person since 2017 and is currently the only person in history to have a net worth exceeding $100 billion.
Did Elon Musk Lost $100 Billion?
According to Forbes, Elon Musk lost $100 billion in net worth this year. The majority of this loss is due to the value of Tesla stock, which has declined by over 30% since its peak in August. While Musk’s other businesses – SpaceX and The Boring Company – have also seen some valuation declines, Tesla is still far and away his most valuable asset.
Musk’s decline in net worth comes as a bit of a surprise given that he was the world’s richest person as recently as January. However, he has been outspoken about his disdain for paper wealth and has said that he does not care about becoming the world’s first trillionaire.
It remains to be seen if Musk can regain his position as the world’s richest person, but one thing is for sure: He is no longer the world’s wealthiest man.
Is Elon Still the Richest Man?
As of March 2021, Elon Musk is the richest person in the world with a net worth of $209 billion. He is also the founder, CEO and CTO of SpaceX, co-founder of Tesla Motors and chairman of SolarCity. In May 2020, he became the first person to ever have a net worth of over $100 billion.
How Rich is Elon Musk Today?
Elon Reeve Musk FRS (/ˈiːlɒn/ EE-lon; born June 28, 1971) is a business magnate, industrial designer, and engineer. He is the founder, CEO, CTO, and chief designer of SpaceX; early investor, CEO, and product architect of Tesla Motors; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. A centibillionaire, Musk is one of the richest people in the world.
Musk was born to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada aged 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics.
He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding web software company Zip2 with his brother Kimbal. The start-up was acquired by Compaq for $307 million in 1999. Musk co-founded online bank X.com that same year, which merged with Confinity in 2000 to form the company PayPal and was subsequently bought by eBay in 2002 for $1.5 billion.
In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company[17] that is now a private rocket builder for NASA,[18][19] launching dozens of missions carrying over 100 tons to orbit.[20][21][22] In 2004 he joined electric vehicle manufacturer Tesla Motors,[23] Inc (now Tesla Inc) as chairman[24]and product architect,[25][26][27] becoming its CEO in 2008.[28][29] In 2006 he helped create SolarCity,[30] a solar energy services company[31] now owned by Tesla.[32][33] In 2015 he co-founded OpenAI,[34]a nonprofit research company that promotes friendly artificial intelligence (AI).
[35][36][37]. In 2016 he co-founded Neuralink,[38],a neurotechnology startup developing brain–computer interfaces (BCI),[39]:69[40]:3and founded The Boring Company,[41],a tunnel construction company..
As of May 2020 according to Forbes magazine Elon has an estimated net worthof $36 billion which makes him ranked 31st on their list forbes 400 .
Elon Musk Is The Richest Person In History With A Net Worth Nearing $300 Billion | Forbes
Conclusion
Elon Musk is an entrepreneur and business magnate who co-founded PayPal and Tesla Motors. He has an estimated net worth of $15.2 billion as of March 2018. Musk was born in Pretoria, South Africa, and moved to Canada aged 17 to attend Queen’s University.
He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding web software company Zip2 with his brother Kimbal. The start-up was acquired by Compaq for $307 million in 1999.
