What is Elon Musk’s Net Worth?
|Net Worth||$250 billion|
|Born||June 28, 1971|
|Source of Wealth||Electric Vehicles|
Elon Musk is a South African entrepreneur, innovator, and investor.
He is best known for his role as CEO of Tesla and SpaceX.
As of August 2022, Elon Musk’s net worth is estimated to be $250 billion, making him the richest man in the world.
Elon Reeve Musk was born on June 28th, 1981 in Pretoria, South Africa. He briefly attend the University of Pretoria before moving to Canada at age 17 via Canadian citizenship through his Canadian-born mother.
He briefly enrolled into Stanford University after moving to California but decided to drop out and pursue a career in business.
Musk co-founded Paypal in 2000 and later sold the company to eBay in 2002 for $1.2 billion.
In 2002, Musk founded SpaceX, an aerospace engineering and exploration company.
In 2004, he was an early investor in Tesla and eventually took on the role of CEO in 2008. He soon after took the company public and helped transform Tesla into the most valuable car company in the world.
In 2022, Musk purchased a controlling stake in Twitter, an American social networking company, then later agreed to purchase the entire company for $44 billion with a goal to take it private and make vast improvements.
Musk filed paperwork in the state of Delaware to create a super holdings company called “X Holdings“, possibly allowing him to combine Tesla, SpaceX, NeuraLink, The Boring Company, and Twitter under one company.
|Tesla (NASDAQ: TSLA)||168,193,251|
|Twitter (NASDAQ: TWTR)||73,115,038|
Elon Musk owns 168,193,251 shares of Tesla worth around $141 billion.
He also owns 73,115,038 shares of Twitter worth around $2.9 billion.
Quotes by Elon Musk
Some people don’t like change, but you need to embrace change if the alternative is disaster.– Elon Musk
When I was in college, I wanted to be involved in things that would change the world.– Elon Musk
3 Life Lessons from Elon Musk
1. Serve Humanity
Elon Musk is driven by a strong will to serve humanity and make the world a better place. He founded Paypal to make it easy for friends to send payments to each other, took control of Tesla to produce electric vehicles & solar panels to reduce carbon emissions, and started SpaceX to help send humans into space.
Unlike most billionaires, he is transparent and honest about his personal life and regularly interacts with his fans on Twitter no matter how rich or poor they are.
It’s obvious that Elon Musk enjoys interacting with people and it’s probably one of the biggest reasons he holds the title of world’s richest man.
Serve the people and they will reward you with their attention and money.
2. Always Be Productive
Musk is extremely diligent when it comes to production and he set a massive goal for Tesla to produce 20 million electric vehicles annually by 2030. High production often leads to high revenue because customers will spend good money for a superior, good looking product.
Musk understands that the future of his companies depend on producing at a high level and it’s one of the reasons why he emphasizes opening new factories and producing more EVs at a higher rate.
Productive people tend to attract more customers and revenue in business because we live in a society of massive consumption. If you want to build a hugely successful business then become a highly productive person.
3. Think Long Term
Elon Musk is one of the best examples of how long term thinking can lead to massive success as a businessman and investor. He founded Paypal in 2000 because he understood how important digital payments would become in the future.
When Tesla went public in 2008, nobody even knew what an electric car was but Musk understood that consumers would want a faster, more energy efficient smart car in the future.
Musk founded SpaceX because he understood how important space travel will become once resources on planet earth become scarce.
His attempt to buyout Twitter shows how Musk understands how important free speech is in a modern day society that’s heavily censored.
All of Musk’s ventures and investments exemplify how long term thinking will build you a fortune if you can think ahead of everyone else and ignore all the naysayers.
Elon Musk’s net worth is $250 billion, making him the richest man in the world.
Despite all his critics and naysayers, Musk continues to innovate at a rapid pace and provide real intrinsic value to the global economy.