Everyone loves to be rich and people have a special admiration for rich people. The young generation considers rich men as their idols while the veterans acknowledge them as successful. Well, the list of rich men on the planet is not a small one but here we will discuss the world’s richest person! This content will reveal to you the gigantic Elon Musk net worth in 2023. It will also discuss the business magnet’s early life, biography, education, career, personal life, salary, real estate holdings, residences, cars, charities, etc. Moreover, it will also answer some frequently asked questions about the huge Elon Musk net worth and the man himself. Leo Messi Net Worth (2023).
Elon Musk Net Worth in 2023
Elon Musk is definitely the world’s richest person right now. In fact, he is the richest person in history. Before having a look at his wealth, we will try to find out answers about his early life, biography, education, career, personal life, and more.
|Elon Reeve Musk
|Elon Musk Net Worth
|More than 221.1 Billion US Dollars
|Age (Birth Date)
|51 (June 28, 1971)
|Pretoria, South Africa
|Number of Children
|7 (6 Sons and 1 Daughter)
|Source of Wealth
|Tesla Motor, SpaceX
|Doesn’t take any salary as CEO of Tesla, Instead takes huge bonuses
Early Life and Biography:
Elon Reeve Musk was born on June 28, 1971, in the South African city of Pretoria. His father is Errol Musk. Errol is a South African electromechanical engineer cum pilot cum sailor cum consultant cum property developer. He was once a half-owner of a Zambian emerald mine near Lake Tanganyika. His mother is Maye Musk (née Haldeman), who is a Saskatchewan, Canada-born and Soth Africa-raised model and dietitian. Elon has British and Pennsylvania Dutch ancestry. Elon’s family never had a shortage of wealth. However, his parents got divorced and he chose his father to live with. However, the decision made him suffer and he had to regret it a lot. He labeled his father as a terrible human being and mentioned that Errol had done every evil deed a man can possibly do.
When Elon was around 10, he developed an interest in computing and video games. It results in the acquirement of a Commodore VIC-20. The talented young boy used a manual process to learn computer programming. The highly potential adolescent created a BASIC-based video game named Blastar just at 12. He sold the code of this video game to PC and Office Technology magazine. It helped him earn approximately 500 US Dollars. Yes, that was the beginning of the process which helped him become such an enormous personality and gather the huge Elon Musk net worth. Well, one may not believe that he was an awkward and introverted child. His similar-aged guys often used to bully him. Once, a group of boys threw him down a flight of stairs and he had to go to the hospital!
Elon’s first school was Waterkloof House Preparatory School and then he attended Bryanston High School as well. Then he finally moved to the Pretoria Boys High School. All those schools are in South Africa. Musk had the intention to have US citizenship and he knew that it would be easy to enter the US from Canada. Hence, he applied for a Canadian passport through his Canadian-born mother. During his waiting for the documentation, Musk attended the University of Pretoria for five months. It escaped him from the mandatory service in the South African Military, Well, he shifted to Canada in June 1989. Firstly, he started living with a second cousin in Saskatchewan. A year later he entered Queen’s University in Kingston, Ontario. Meanwhile, in 1992 he shifted to the University of Pennsylvania. Cristiano Ronaldo Net Worth (2022).
Musk graduated in 1995 from the University of Pennsylvania with a Bachelor of Science degree in economics and a Bachelor of Arts degree in physics. He also took part in 2 internships at energy storage startup Pinnacle Research Institute and at the Palo Alto-based startup Rocket Science Games in Silicon Valley in 1994. He tried to get a job at Netscape but didn’t receive any response. The owner of such a large Elon Musk net worth also got dropped off Stanford after just 2 days and decided to join the Internet boom.
Elon is involved with a number of business ventures. But among the mention-worthy ones, he currently plays the roles of the CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, as well as chairman of SolarCity.
In 1995, Musk co-founded web software company Zip2 along with Kimbal and Greg Kouri. They used the funds from angel investors. Initially, the trio housed the venture at a small rented office in Palo Alto. The massive Elon Musk net worth didn’t come for free. He shared that, prior to the success of his inaugural company, he couldn’t even afford an apartment. He also used to use a rented office. In addition to these, he had to sleep on the couch and showered at the YMCA. He worked so hard and used to code it all night! However, Compaq bought Zip2 in 1999 for 307m USD and Musk received $22m for his 7% share.
X.com and PayPal:
The business career has been prolific for Elon and helped him gather an enormous Elon Musk net worth. He co-founded X.com in 1999. It’s an online financial service and e-mail payment company. However, the investors considered him inexperienced and replaced him with Bill Harris. By the way, he returned once again as the CEO and caused Confinity co-founder Peter Thiel to resign. In the end, the determined business magnate purchased the X.com domain in 2017 for an undisclosed amount and labeled the value as a sentimental one.
SpaceX is an American aerospace manufacturer, space transportation services provider, and communications corporation. Musk founded it in 2002 with the goal of reducing space transportation costs to enable the colonization of Mars. Its headquarter is located in Hawthrone, California. The company’s first launch of the Falcon 1 rocket in 2006 resulted in failure. They failed twice more but finally succeeded in launching the Falcon 1 into orbit in 2008. As a result, SpaceX received a mammoth 1.6 billion US Dollars Commercial Resupply Services program contract from NASA for 12 flights of its Falcon 9 rocket and Dragon spacecraft. Since then it rarely had to look back and helped Musk gain a massive amount of money.
Martin Eberhard and Marc Tarpenning incorporated Tesla Motors in 2003 and were active members before Musk’s involvement. Musk invested $6.5m in 2004 and became the majority shareholder. Musk assumed leadership of the company as CEO and product architect in 2008 following Eberhard’s ousting from the firm. He played the role long and became the longest-serving CEO of any automotive manufacturer worldwide in 2019. Last year, the renowned public figure changed his title to Technoking while retaining the CEO position as well.
SolarCity and Tesla Energy:
Lyndon and Peter Rive, 2 of Musk’s cousins co-founded SolarCity in 2006. Musk was the provider of the initial concept and financial capital for SolarCity. It became the 2nd largest solar power system in the US by 2013. In 2014, he promoted the idea of an advanced production facility. The production of the factory took place from 2014 to 2017. It was at least 3 times bigger than the thenceforth largest solar plant in the country. Musk’s automotive company, Tesla acquired SolarCity for over $2 billion in 2016 and merged with Tesla Energy.
Musk co-founded Neuralink in 2016. The company works to integrate the human brain with artificial intelligence. In fact, it creates devices that are embedded in the human brain to facilitate its merging with machines. In 2020, Musk described one of their early devices as “a Fitbit in your skull”. The device could cure paralysis, deafness, blindness, and other disabilities.
The Boring Company:
Musk also founded The Boring Company to construct tunnels in 2016. The Boring Company, being a merchandising and publicity stunt sold no less than 2,000 novelty flamethrowers in 2018. So, all these activities and business involvement justify the huge Elon Musk Net Worth.
Personal Life, Family, and Children:
Musk has married thrice so far. However, among those 3 marriages, he has married the same woman, actress Talulah Riley twice. His other wife was Canadian author Justine Wilson. They stayed under the same roof from 2000 to 2008. The couple shared five sons and a daughter. He also had romantic relationships with actress Amber Heard and Canadian musician Grimes. Musk also shares a son with Grimes, who was born in May 2020. Musk has a total of 7 children to date. They are Nevada Alexander Musk (mother- Justine Wilson, born in 2002); Twins – Griffin and Xavier Musk (mother- Justine Wilson, born in 2004); (mother- Justine Wilson, born in 2002); Triplets – Kai, Saxon, and Damian Musk
(mother- Justine Wilson, born in 2006); (mother- Justine Wilson, born in 2002); X Æ A-Xii (mother- Grimes, born in 2020).
Apart from his father and mother, Musk also has a younger brother, Kimbal, born in 1972, and a younger sister, Tosca born in 1974. Musk’s maternal grandfather was Joshua Haldeman. He was an American-born Canadian. As a person, Elon is an INTJ type. Which means he is introverted, intuitive, thoughtful, and judgemental. The owner of such a huge Elon Musk net worth tends to be confident, analytical, and ambitious.
Estimated Elon Musk Net Worth:
The estimated Elon Musk net worth is no lesser than 221.1 billion US Dollars. In fact, the amount is increasing with the passing of every second. Forbes has listed him as the richest person on the planet. He is indeed the richest person in the world with a clear gap between him and Jeff Bazos. According to a real-time update of Forbes, the current Elon Musk net worth has crossed the $230 billion mark! Tesla and SpaceX are the main sources of his income while he also pockets healthy sums from other sources. His net worth history in recent years will make you surprised for sure. Top 10 Richest Cricketers in the World in 2022 (Based on Net Worth).
On January 1, 2020, the estimated Elon Musk net worth was just $28 billion. In July 2020, the sum was around 70 billion USD. Elon reached the $100 billion net worth mark on November 17, 2020. Just 7 days later it reached the 128 mark which saw him get an increment of $100 billion within a year. In the end, South Africa raised Canadian-American ended 2020 with a net worth of $170 billion. That was a hike of at least 142 billion USD within that year.
On the 7th of January, 2021, Elon’s net worth hit the $195 billion mark which set him at the top of the list of the richest persons. He brought Bezos down to 2nd place. The next day it crossed the 200 billion mark! In October 2021, the massive Elon Musk net worth hit the 300 billion mark while on November 1st he reached an all-time top of $335 billion!
Nah, he is no ordinary man. Hence, he doesn’t take any salary like other celebrities. He is Elon Musk, he thinks differently, he feels different and he does different kinda things as well. In fact, he doesn’t take any salary as CEO of Tesla. Instead, he has a very unusual and extremely lucrative bonus plan related to the company’s market cap milestones. When the company forged the plan, Tesla used to be worth around $50 billion. Based on $50 billion market cap increases, there were a total of 12 milestones. The 50-year-old business magnate hit every milestone. Hence the business idol qualified to receive all $100 billion from that bonus plan. Top 10 Richest Soccer Goalkeepers in the World.
Real Estate Holdings:
The man doesn’t only own an enormous Elon Musk net worth but also used to own $100 million worth of real estate in California alone. However, in the town of Hilborough, in northern California, he still owns a 100-year-old villa that has a 16,000 square-foot area and sits on nearly 50-acres. Musk purchased it in 2017 for $23.364 million. In the Los Angeles neighborhood of Bel-Air, he used to own 6 homes. It included a 20 square feet house which he bought for $17m back in 2012. The list also includes a 7000 square feet house (for $20m in 2015) and a 9300 square feet house (for $24.25m in 2016). However, in 2020, he surprisingly announced that he would sell all his real estate holdings. He did materialize what he announced. In fact, he sold 4 of his houses to one buyer at once.
With an unmatchable Elon Musk net worth, the eccentric billionaire still claimed that he lives in an ordinary house. According to the man himself, his primary residence wouldn’t be worth more than $50k. It’s a very humble amount of money for a high-profile person like him. The Tesla CEO also added that he’s renting it from SpaceX near its spaceport in Texas. A Musk tweet in June reads, “is (his primary residence) literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX, it’s kinda awesome though.”
However, the Wall Street Journal revealed that the 50-year-old lives with his family in a luxury mansion in Austin. His wealthy friend Ken Howery owns this highly luxurious mansion. According to the journal, it’s an 8,000-square-foot estate. His friend, Mr. Howry is the co-founder of PayPal and former U.S. ambassador to Sweden who bought this house for approximately 12m US Dollars in 2018. Reports also consider it the most expensive property on the thenceforth market in Austin. Whatever, with such a gigantic Elon Musk net worth, he should live in such a kinda house for sure.
Not only with a massive Elon Musk net worth but also as the Tesla CEO, the billionaire didn’t have any shortage of car collection. However, he started with low-cost cars in the beginning and now has reached the point where he can drive any car he wants.
- Well, his very first car was a 1978 BMW 320i. It cost him only $1,400.
- With an initial bonus for Zip2, Musk bought a 1967 E-Type Jaguar.
- The billionaire purchased a McLaren F1 after selling PayPal and totaled it later.
- Musk also has had a 1976 Lotus Esprit “Wet Nellie” or simply the Lotus Esprit submarine car in 2013. Musk paid 920k USD at the auction for the car which was used in the James Bond movie “The Spy Who Loved Me.”
- He also owned an Audi Q7, and the car inspired him to include falcon wing doors on the Tesla Model S.
- The Tesla CEO also owned a Hamann BMW M5 sports car in 2007. This car is a slightly wider modified BMW.
- Moreover, he has a 2012 Porsche 911 Turbo.
- The richest person in history also gets gifts. A friend gifted him a Ford Model T and Musk revealed it via Twitter in 2017.
- Rich people have the oddest of hobbies. Musk used to own a Tesla Roadster. But he parked it with an astronaut dummy named “Starman” at the wheel inside the Falcon Heavy rocket in 2018. So the car has parted away with the world and currently is in space.
- In 2019, Elon revealed he loves to ride Tesla S Model usually.
- He also rides on the wheel of Tesla Model 3 Performance occasionally.
- While he drives with his kids, he tends to take the Model X car.
- People also noticed him riding a Cybertruck.
Elon is the founder as well as the president of the Musk Foundation. Its goal is to provide solar-power energy systems in disaster areas. The foundation also works to support research and development, advocacy, and educational goals. The charity foundation has made more than 350 contributions so far since its establishment in 2002. Musk foundation gave out $25 million directly to non-profits between 2002 to 2018. Musk also took the Giving Pledge in 2012. Therefore he commits to giving the majority of his wealth to charitable causes. However, Forbes just gave him a philanthropy score of 1. That’s really a poor score. But it’s a bit realistic as he had given away less than 1% of his net worth till 2020.
Frequently Asked Questions about Elon Musk Net Worth:
#What is the net worth of Elon Musk?
The estimated Elon Musk net worth is no lesser than $221.1 billion.
#Who is the Richest Person in the World?
Elon Musk is the richest person in the world.
#Who is the Richest Person in Modern History?
Elon Musk is the richest person in modern history.
#How much Salary does Elon Musk Get?
The eccentric billionaire doesn’t take any salary as CEO of Tesla.
#How many Children does Musk have?
Musk currently has 7 children (6 sons and a daughter).
#What is the Height of Musk?
Musk is 1.80 meters or 5 feet 11 inches tall.
#Does Elon Musk Watch Anime?
Yes, he is a big fan and does watch anime.
#Why is Elon Musk Famous?
The business magnate cofounded the electronic-payment firm PayPal and founded the spacecraft company SpaceX while also becoming the CEO of Tesla Motor.
#How much does Elon Sleep?
He sleeps around 6 hours per night.
#How can I Meet Elon Musk?
You can reach out to him online through Twitter, Facebook, and the Tesla website. One can also contact him by mailing a letter to the Tesla Board of Directors.