Elon Musk Net Worth
Elon Reeve Musk, who first married Justine Wilson in 2000 but the marriage could not last longer and so married Talulah Riley twice, is now 48 years old and was born in South Africa in 28 June, year 1971.
He, like other famous people has worked hard day and night continuously and is now famous worldwide as one of the richest people. Elon Musk net worth that was calculated in 2020, is US $31.8 Billion. This is quite shocking for all the other rich people in the world and they question “how was he able to do it?”
So here’s the answer to their question, How was he able to make so much money? Where does his money go?
Elon Musk, son of Errol Musk and Maye Musk has worked throughout his life independently and is now known as the 40th richest person of the world. To be more precise, he also received the award, “Fellow of the Royal Society” in 2018.
Apart from that, he has worked tirelessly as an entrepreneur and an investor. He worked as an engineer too which shows that he has been expert in different fields. His expertise has led to his success. Not only this, but has founded different companies with their aims to help humans in every possible way.
How was he able to make his fortune?
Firstly, Elon Musk has been the co-founder of Zip2 (Basically a web software company) and OpenAl ( A company whose aim is to do non profit research and making people aware of artificial intelligence.) Therefore, Zip2 has been his first startup.
Marc Tarpenning and Martin Eberhard founded Tesla Motors in the year 2003 month of July. Later, Elon Musk also joined Tesla and played an important role in the funding. The aim of Tesla is to produce electric vehicles with faster speed and that are affordable. This company has also employed more than 29,900 employees.
Further more, he has founded other companies too such as the SpaceX; It is a company responsible for the services of space transportation to make it easier for others to travel in space as well. Transporting in space is very expensive and even impossible for others. Therefore, the motive of this company is to make space transport cheaper for others so that humans can live in the Mars. This company has now employed 7000 employees. Elon Musk has been the CEO of this company too.
He also co-founded a company called Neuralink in July 2016. This company “Neuralink” has been focusing on how to develop interfaces of brain and computer.
He recently also founded “The boring Company” that focuses on infrastructure and tunnel construction projects. This company is building the first tunnels in Los Angeles. Along with that, these tunnels ensure reduced transit speed and less than 30 minutes drive from Newyork to Washington DC.
Not only that, but Elon Musk is so Multi Talented that he has also founded an online bank called X.com that was bought in October 2002 by ebay for $1.5 Billion and which later became PayPal.
Elon Musk, a man of Power wants to help the world in every way he can. He is trying to make positive use of his money and this is the reason we hold him with a lot of respect today.
He has done a lot of efforts to create a good human environment. He has given a statement that the aim of the companies such as SpaceX and Tesla is to decrease global warming by producing sustainable energy and so this will decrease human extinction from the earth.
What are the other reasons for his Fortune?
Elon Musk besides finding all these companies, takes great care of the work without getting tired. He is so workaholic that he does not even attends the phone calls during working hours because he does not wants anything to disturb him. Not only this, but the shocking fact is that he does not even responds to the emails and texts when he’s at work. It’s a great record that he has just taken 15 days off while he worked for 12 years continuously. Yes, this is Elon Musk, It’s not an easy thing to become so rich but you have to sacrifice a lot of things. He, if wanted could also enjoy the luxuries of this world, he had enough wealth, but NO! He worked and worked.
What’s most shocking is that he even used to eat his lunch in just 5 minutes so that none of the minute is wasted.
What do Elen Musk do with the money?
Previously discussed that he does not wants so much luxuries but still Elon Musk spends a lot of money on buying rare sports cars showing his great love for cars. How many cars does he have now?
Currently, he is owning vintage gasoline cars. The first was a gift from his friend and the other one, he bought it. He used different expensive cars and is now a days seen driving his Tesla model S. This love for cars is unconditional and he keeps on buying unique and different cars that a normal person cannot.
Although he does not spend a lot of money going on vacations, clubs and more things, he has a lavish house.
In Bel Air, he has a property of more than 70 million dollars and owns around five mansions.
He purchased a mansion of around 17 million dollars where he currently lives and this includes different playing grounds, courts, swimming pools etc. Not only this, but the fifth mansion that he is owning is of 24 million dollar.
Elon Musk has five children and all those are boys. He is a man that has uncountable goals and is working with full concentration; he is unstoppable. He has high visions which he thinks he will fulfil it at any cost. His works are benefiting us today as well and hopefully will be benefiting us tomorrow too. May he get success in whatever way he wants to get.
Hopefully, reading this article will increase your knowledge too.