Elon Musk Net Worth, Family, Achievements & Personal Details

Elon Musk, a 50-year-old man who was born on June 28, 1971, in South Africa is currently the world’s richest person. He owns more than 10 companies as of now and is among the most active CEO on Twitter. Recently, Elon Musk created a buzz all over the internet because he bought Twitter for $44 billion in cash. Right from his teenage life, Elon Musk was an avid fan of technology and started working on the goal to create a company of his own. He is very popular around the world because of his investment and partnership with companies in various fields. Finance, aerospace, social media, entertainment, you name it and Elon Musk has a company right in it.

elon musk net worth

This article focuses on everything related to Elon Musk that you might be interested in knowing. While you can always visit the Forbes list of real-time billionaires to find out Elon Musk net worth, you can read more details about him like the companies he owns, Elon Musk’s family, achievements, and other things. Apart from Tesla Inc. and SpaceX, there are quite a few more companies that are owned by Elon Musk and people are still unaware of them. Well, among his millions of fans around the world, there are some people who want to know more about him and we are here discussing everything about him in this post.

Elon Musk Early Life & Education | Elon Musk Biography

As we said above, Elon Musk was born in South Africa and his parent’s name is Errol Musk and Maye Musk. While his father Errol Musk was an electromechanical engineer, pilot, sailor, consultant, and property developer, his mother was a model and dietitian. After his parents got separated in 1980, he stayed with his father which was a poor decision (according to him). At the age of 10, Elon Musk developed an interest in computing and video games. At the age of 12, he sold a video game he created named Blaster to PC and Office Technology for $500. He attended various schools and universities that are listed below:

  • Waterkloof House Preparatory School
  • Bryanston High School
  • Pretoria Boys High School
  • University of Pretoria
  • Queen’s University
  • University of Pennsylvania
  • Stanford University

Elon Musk Net Worth History | Elon Musk Net Worth Today

Joshua Haldeman, Elon Musk’s maternal grandfather was an avid traveler and has taken the whole family on Australia and Africa tours in this private airplane. When Elon Musk was a teenager, his family was very rich and he himself has said that “We had so much money at times we couldn’t even close our safe”. It does not mean that Musk has got investments from his family because he wanted to build something of his own.

After selling his company PayPal to eBay in 2002, he made around $175 million and was listed in the Forbes Magazine for the very first time with a net worth of $2 billion. In the year 2021, after Tesla Inc. stocks skyrocketed, Elon Musk’s net worth rose to $150 billion and in the same year, he became the first person ever to have a net worth of $300 billion.

Elon Musk Family Details | Elon Musk Personal Details

Very few people know that Elon Musk left for Canada when he was 17 just to skip mandatory service in the South African military. In June 1989, he arrived in Canada and started living with his second cousin. He started working at a farm and lumber mill to generate some income on his own. Elon Musk has a younger brother and sister whose names are Kimbal and Tosca respectively.

He got married to Justine Wilson (a Canadian author) in 2000 and had their first child in 2002. The child died because of SIDS while he was just 10 weeks old. In 2004, by using IVF technology, they became parents to two sons named Twins Xavier and Griffin. Later in 2006, triplets were born to both named Kai, Saxon, and Damian. In 2008, Musk and Justine got divorced and shared custody of their 5 children.

Elon Musk got married to Talulah Riley (an American actress) in the year 2010. Both partners got divorced a couple of times until 2016 when they got separated.

In May 2020, Elon Musk and Claire Elise Boucher (a Canadian musician) became parents to a boy child after dating for 2 years. They named their child “X AE A-XII Musk”, which is still a thing to talk about for many people out there. In March 2022, both Musk and Grimes told the media that they aren’t together anymore but they are still best friends to each other.

Companies Owned By Elon Musk In 2022

Zip2 – It was basically an online city guide software to newspapers company that was founded back in 1995. The company was founded by Elon Musk, his brother Kimbal Musk and Greg Kouri. Another name for the company was Global Link Information Network as it was registered in California. It was sold to Compaq Computer in 1999 for $305 million.

X.com and PayPal – In 1999, Elon Musk and 3 other partners founded the company to serve online financial services and e-mail payments. Almost 2,00,000 customers joined this service a few months after its launch. Next year, the company was merged into Confinity (another banking service provider). In 2002, PayPal or Confinity was acquired by eBay for About $1.5 billion and Musk received around $175 million from the deal.

SpaceX – In 2002, Elon Musk founded Space Exploration Technologies Corp. with $100 million to build affordable rockets. After multiple launch failures, SpaceX got success in launching a rocket to Earth’s orbit and that helped them in getting a $1.6 billion contract from NASA in 2008. Right now, the company is valued at around $100 billion.

Tesla – In 2003, Tesla Inc. was founded by Martin Eberhard and Marc Tarpenning, and next year in 2004, Elon Musk invested around $6.5 million in the company to become the biggest shareholder. The Model 3 Tesla is the all-time best-selling product that was launched in 2017. Right now Tesla Inc. is valued at around $1 Trillion and is the biggest electric automobile company around the world right now.

SolarCity & Tesla Energy – In 2006, Elon Musk’s cousins Peter and Lyndon Rive founded the SolarCity Corporation. This company produces solar energy generation and other related products for residential, commercial, and industrial customers. In 2016, Tesla acquired the company for $2.6 billion and changed the name to Tesla Energy. Right now, the company is valued at $100 billion.

Neuralink – Being a fan of Artificial Intelligence (AI), Elon founded a neurotechnology company named Neuralink in 2016. This company focuses on devices and technology to integrate the human brain with AI. In 2020, Elon Musk demonstrated a prototype device that is capable of curing paralysis, deafness, blindness, and other disabilities.

The Boring Company – It is a tunnel construction company which is founded in 2016. The company has already completed multiple projects and right now working on a loop travel project. It is also working to build resources for SpaceX and right now it is valued at around $6 billion.

Twitter – On April 25, 2022, Elon Musk acquired the social media company Twitter for about $43 billion. According to Musk, the main motive behind this move was to protect the users of the platform from disinformation and harassment and to bring “Freedom of Speech” to Twitter. While many users criticized this acquisition, a majority of the Twitter users were happy with the acquisition of Twitter by Elon Musk.

Final Words

Elon Musk does have an inspirational story and he proves that you don’t have to be born into a royal family to become a billionaire. He has made several risky investments in his life but because of his willpower and dedication, most of his investments turned out to become a million, billion, or a trillion-dollar companies.

We have tried to mention everything about Elon Musk on this page and we hope you have found what you were looking for. If you are on social media sites like Facebook, Instagram, and specially Twitter, then you must follow Elon Musk to get the latest updates about his life and work. If you know anything interesting about him, do let us know too.

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