Elon Musk Net Worth

Elon Musk is a South African born Canadian-American business magnate, inventor and engineer. He’s one of the most popular and innovative billionaires in the world with a net worth of $20 billion.

While you may know one or two things about Elon’s SpaceX, Tesla and other endeavours, you will find a concise detail of his life here.

Elon Musk Bio, Education – How It All Began

Like most famous billionaires today, Musk came from a humble beginning. Born during the apartheid-era in South Africa on June 28, 1971, Musk developed an interest in computers at the age of 10. At the age of 12, he was already a programmer. Soon he developed his own video game called “Blastar” which he sold for about $500.

After graduating from high school, Musk just before the age 18 moved to Canada. He enrolled at Queens University but transferred to the University of Pennsylvania after two years. Musk graduated from college with dual Bachelor degrees in 1995 at the age of 24. One in Physics and the other in Economics.

Just after college graduation, Musk moved to California to pursue a PhD in applied physics and materials science at Stanford University. However, he dropped out two days later in order to pursue a business career in the area of the internet which was burgeoning at the time.

Elon Musk

Breakthrough With Inventions

Musk’s decision to become a businessman hugely paid off sooner rather than later. Together with his brother and with the help of the $28,000 they got from their father, the brothers co-founded Zip 2, a web software company. The company was bought by Compaq in February 1999 for US$307 million in cash and US$34 million in stock options.

Musk was now officially a millionaire but there’s no way he was stopping there, not with the much he still had to offer the world. He took $10 million out of his Zip 2 earnings to found online financial services and e-mail payment company called X.com. The company merged with another to become PayPal. Paypal was then acquired by eBay in October 2002 for US$1.5 billion in stock. Musk who was the largest shareholder at the time received US$165 million.

See Also: Steve Jobs Biography, Daughter, Wife, Father, Mother, House, His Inventions

Success with SpaceX, Tesla, Hyperloop and Others

In a bid to create true spacefaring civilization and advance the state of rocket technology, Musk founded SpaceX in 2002 with $100 million of his fortune. SpaceX which develops and manufactures space launch vehicles is currently in a long-term contract with NASA.

Elon Musk Net Worth

In 2004, Musk assumed a position on the board of Tesla Motors. He is currently the CEO and product architect of the electric car manufacturing company and owns over 20 million of its shares.

Musk is the highest shareholder in SolarCity (f. 2006) now the second largest provider of solar power systems in the United States. In 2013, he developed a concept of high-speed transportation system called Hyperloop, which incorporates tubes rather than rails. He is the founder and co-chairman of OpenAI, a non-profit artificial intelligence company.

Among Elon Musk’s many goals include reducing global warming and setting up a human colony on Mars in order to reduce the risk of human extinction. In a nutshell, Elon Musk aims to change the world.

From the earings coming from his many business activities, the value of Elon’s wealth in early-2018 was estimated at over $20 billion.

Wife, Children, Family, Divorce and Affairs

As a young man studying at the Queen’s University, Ontario, Canada, he met his wife to be, Justine Wilson a Canadian fantasy writer. They courted for a while then got married in 2000. They had 6 children together but their first son, Nevada Alexander died of sudden infant death syndrome (SIDS) just after 10 weeks after birth.

His other five children were born through in vitro fertilization (IVF). They include a set of twin boys – Xavier Musk and Griffin Musk (2004) and the triplets he had in 2006 – Damian, Saxon and Kai. Unfortunately, Musk and his first wife Justine separated in 2008.

In the same year, Musk started dating English actress, Talulah Riley and both of them have had a pretty on and off type of union. They got married officially in 2010 but announced an end to their relationship in 2012. The following year (2013), Musk and Riley remarried but filed for divorce in December 2014 and later withdrew the action.

However, another divorce suit was filed by Riley in 2016 which was finalized. In an interview, Riley attributes her on and off relationship with Musk to the fact that she was married a virgin. With that, she expressed that it was hard to let go of Musk. The same year Musk and Riley eventually parted, the billionaire started dating Amber Heard. Nevertheless, the relationship ended the following year due to conflicting schedules.

Elon Musk’s Houses

The business mogul has a penchant for real estate as do most wealthy persons. He has five highly priced homes all in the same neighbourhood of Bel-Air. In 2012, he bought a 22,248 square-foot mansion which has 7 bedrooms and 7 full and 4 half bathrooms for $17 million.

Three years later (2015) it circulated that the man bought a $20 million estate for his on-and-off wife, Talulah Riley. He also purchased a 2,963-square-foot ranch style house over the summer of 2015. Though he has other choicest properties, it is estimated that Musk has spent a whopping $72 million on his Bel Air properties so far.