One of the richest men in the world, boss of Tesla and X, among others, has a fortune that will make your head spin: this is how much Elon Musk is worth.
What is Elon Musk’s net worth? This is a question that everyone has asked themselves at least once given that, according to the specialized magazine Forbes, the Australian entrepreneur is currently the second richest person in the world.
According to this special ranking Elon Musk, with a personal net worth equal to $195 billion, in 2024 he would be behind only the French tycoon Bernard Arnoult with Jeff Bezos completing the podium.
For the Bloomberg Billionaires Index 2024, however, Musk would be the richest person in the world with a bank account of $241 billion, with Bezos in second position and Arnoult third.
Discordant numbers but they agree on the billion-dollar fortune of Elon Musk who, for years now, has also been in the news for his stances in the field of politics and technological development, so much so that he can be defined as an absolute player of this era.
Let’s clarify how the South African entrepreneur - but a Canadian citizen and naturalized US citizen - achieved such a result by analyzing all his properties and wealth.
How much does Elon Musk earn today: updated salary and assets
As of now, there are conflicting reports about Elon Musk’s net worth, which is remarkable given that he is a self-made entrepreneur.
According to Forbes, by 2024, Elon Musk’s personal wealth would amount to $195 billion, while according to Bloomberg it would be $241 billion.
Recently there has also been a lot of talk about Elon Musk’s salary, given that the compensation for the role of CEO of Tesla was also the subject of a dispute with the other shareholders.
Last June, a Delaware court finally confirmed Elon Musk’s huge salary: $56 billion, an absolute record that is difficult to beat. However, investors seem to want to continue their legal battle against this extra large salary.
Where do Elon Musk’s earnings come from?
At this point, we can go into detail and analyze Elon Musk’s assets by analyzing his main sources of income.
Tesla
Elon Musk is CEO of Tesla, Inc, an American multinational company that specializes in the production of electric cars, photovoltaic panels and energy storage systems.
This is Elon Musk’s only company that is listed on the stock exchange and as anticipated, it is precisely on the fluctuations in the price that the entrepreneur’s assets largely depend, not counting the huge salary received.
In 2023, Tesla recorded revenue of $96.7 billion, for a net profit of almost $15 billion.
SpaceX
SpaceX is an aerospace company founded by Musk with the goal of creating technologies to reduce the cost of access to space, ultimately aiming to colonize Mars. It has never been listed on the stock exchange.
This company also refers to Starlink, the constellation of satellites that will serve to allow access to global satellite Internet in low latency broadband.
The most updated value of SpaceX dates back to May 2024 when it was estimated at almost $200 billion.
Neuralink Corporation
Elon Musk is one of the co-founders of Neuralink Corporation, an American company that specializes in neurotechnology. The company focuses on developing implantable neural interfaces to address various neurological issues. For example, Musk assures, that thanks to this technology we could restore sight for those who have lost it or even for those who have never had it.
At the moment still in the startup phase: its value would be 5 billion dollars, but it is destined to grow in the coming months especially after the green light for testing brain implants on humans has arrived from the United States.
For the moment, the experience with Twitter is less successful. Purchased in October 2022 at a cost of $44 billion - at which time Musk also removed its listing from the stock exchange - today, according to the asset manager Fidelity (which owns a stake), Twitter has a valuation of “just” $12 billion, less than a third of what the entrepreneur paid.
The Boring Company
Musk is also among the founders of The Boring Company, a company - with a value of $5.7 billion (data updated in April 2022) - which aims to create underground infrastructures to reduce traffic.
Musk beyond money: this is who Elon Musk really is
Elon Reeve Musk was born in Pretoria, South Africa on 28 June 1971 (51 years old) to a wealthy engineer father and a nutritionist and supermodel mother. Since he was a child, Elon has had a passion for technology and inventions. At just 10 years old he taught himself to program and at 12 years old he sold his first software: the source code for a video game for 500 dollars.
After earning a Bachelor of Science in Economics (from the Wharton School of the University of Pennsylvania) and a Bachelor of Arts in physics (from the College of Arts and Sciences) and attempting a doctorate in physics applied and materials science at Stanford University (from which he withdrew after just two days to pursue his entrepreneurial aspirations), he began building his fortune with his first company, Zip2 Corporation, founded with his brother Kimbal in 1995, which we could define as a Google Maps ante litteram.
In 1999, a division of Compaq Computer Corporation purchased Zip2 for 307 million in cash and $34 million in stock options. With the money they earned, the Musk brothers created X.com, a financial services and online payments company, which following the merger with Confinity would become PayPal. Musk was a major shareholder of PayPal, so when eBay bought the company in 2002 Musk earned a whopping $180 million.
In 2002 he founded Space Exploration Technologies Corporation (SpaceX), to build spacecraft for space travel. In May 2020, the company made headlines for the launch of the Crew Dragon capsule with two astronauts on board, an epochal event for NASA: it was the first flight into orbit carried out by a private company.
In 2003 Elon Musk founded Tesla, a company of electric cars, solar panels, and renewable energy solutions that stands out for its revolutionary technologies and design. In 2019, Tesla’s Model 3 became the best-selling electric car in history, leading Tesla to generate revenue of $24.6 billion in 2019. In October 2021, Tesla took home first place the most valuable motorist in American history: it has reached a market capitalization of 1,000 billion dollars on the stock market, more than General Motors and Ford.
In April 2022, after becoming the company’s largest shareholder with 9.2% shares, Elon Musk bought Twitter in a $44 billion deal.
As for his private life, Elon Musk has been married twice. His first wife was Justine Wilson, with whom he had 5 children: twins Griffin and Xavier (born 2004), and Kai, Saxon, and Damian (born 2006).
After a controversial divorce, Musk married actress Talulah Riley, from whom he divorced in 2016. He then had a relationship with actress Amber Heard. Today he has a partner, the Canadian musician and singer Grimes: 32 years old and a net worth of $3 million which comes from his musical career that began in 2007. The couple has made a lot of headlines for the name given to their son, born on May 4, 2020: the two called him X Æ A-12 and then changed it due to California laws (they only removed the number 12).
Original article published on Money.it Italy 2024-07-25 11:36:21. Original title: Quanto guadagna Elon Musk: stipendio e patrimonio del CEO di Tesla
