Business, Canada, Politics, US

How rich is Elon Musk?

Name: Elon Reeve Musk

Born: June 28, 1971

Occupation: Entrepreneur, inventor, investor and philanthropist

Elon Musk, fair use
Elon Musk, fair use

Elon Musk was born in Pretoria, South Africa on June 28, 1971. He is the son of Errol Musk, an electromechanical engineer, pilot and sailor, and Maye Musk, a dietician and model. He has two siblings: Kimbal and Tosca.

Elon attended Queen’s University in Ontario, but left the post-secondary institution two years later. He then transferred to the University of Pennsylvania, earning a Bachelor of Science degree in physics and a Bachelor of Science degree in economics from the Wharton School of Business. Elon would relocate to California to attend Stanford University to garner a Ph.D. in applied physics and materials science – he left just two days after enrollment to launch an entrepreneurial career.

He was married to Justine Wilson, a Canadian author, but they separated in 2008, though they did have five children. Soon after his marriage ended, Elon started dating actress Talulah Riley, and they eventually married in 2010. The couple divorced, got back together and divorced again. He currently resides in Bel-Air, California.

In 1995, Elon co-founded Zip2, an Internet city guide for newspaper publishing. It was eventually sold to Compaq for $307 million in cash and $34 million in stock options. Four years later, Elon co-founded X.com, an online financial services and e-payment firm, which eventually merged with PayPal and was sold to eBay for $1.5 billion. In 2001, Elon launched SpaceX, and in 2003, he started Tesla Motors.

Due to the immense success of these enterprises, Elon helped establish Hyperloop, a high-speed transportation system; OpenAI, a not-for-profit artificial intelligence research firm; Neuralink, a startup that integrates AI with the human brain; and The Boring Company, a company that just digs.

Outside of business, Elon is heavily involved in philanthropy, primarily in the science area: solar power, AI research and science centers.

Over the years, Elon has received many awards and accolades, including the Inc Magazine Entrepreneur of the Year award, American Institute of Aeronautics and Astronautics George Low award, Honorary doctorate of Engineering and Technology from Yale University and Fortune Businessperson of the year for SpaceX, SolarCity, and Tesla.

Elon has been criticized for working with President Donald Trump at the early stages of his tenure. He was a member of the president’s presidential advisory committees and appeared on a panel advising President Trump. Elon calls himself half Democrat and half Republican, donating to both political parties.

We estimate that Elon Musk’s net worth is $15 billion (2017).

So how much is $15 billion really?

$15 billion can buy you hundreds of Tesla automobiles. $15 billion can also purchase hundreds of mansions in Bel-Air.

 

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