©2023 The Headline House
Elon Reeve Musk is an American business magnate and investor who was born in South Africa. He started SpaceX, is its CEO and Chief Engineer, is an angel investor, CEO, and Product Architect at Tesla, Inc., started The Boring Company and helped start Neuralink and OpenAI.
Early Years of Elon Musk
Elon Musk was born in Pretoria, South Africa, on June 28, 1971. Musk bought his first computer when he was 10 years old and taught himself how to use it and write code. When he was 12 he made his first software sale—a game he created called Blaster.
In 1989, when he was 17, he moved to Canada to go to Queen’s University. He left in 1992 to go to the University of Pennsylvania to study business and physics.
Musk got his bachelor’s degree in economics, then went on to get a second bachelor’s degree in physics and a doctorate in energy physics. He dropped out of Stanford University, however, to become a part of the internet boom.
Personal Life of Elon Musk
Elon has been married three times, and twice to the same woman: the actress Talulah Riley. From 2000 to 2008, he was married to the Canadian author Justine Wilson. Both of them have five sons.
He has also dated the actress Amber Heard and the Canadian musician Grimes. Grimes and Elon had a son in May 2020. They named him X A-Xii. In December 2021, they had a second child through a surrogate.
Late in 2021, one of Elon’s Neuralink employees had twins. Elon was also happy to meet the new twins. In July 2022, it was said that in December 2021, Elon Musk had an affair with Sergey Brin’s wife, who is also a co-developer of Google.
Sergey is said to have asked his wife of four years, Nicole Shanahan, for a divorce because of the affair. Sergey had been one of Musk’s biggest fans for a long time, which was painful. He put money into several Musk companies and was one of the first people to put money into Tesla.
Achievement of Elon Musk
Musk’s first company was an online city guide called Zip2 Corporation. In 1999, a part of Compaq Computer paid $307 million in cash and $34 million in stock options to buy Zip2.
Musk also started X.com, online financial services, and payments company, with a partner in 1999. The next year, eBay bought X.com, which led to the creation of PayPal as we know it today. In 2002, eBay bought PayPal for $1.5 billion in stock.
Musk’s third business, Space Exploration Technologies Corporation (SpaceX), was started in 2002. Its goal was to build spacecraft for commercial space travel.
By 2008, SpaceX was well-known, and NASA gave the company a contract to move cargo to and from the International Space Station. In the future, the company hopes to also move astronauts.
The next company was Tesla Motors, a car company that makes cheap, mass-market electric cars. Martin Eberhard and Marc Tarpenning came up with the idea for Tesla in 2003. Elon, Ian Wright, and J.B. Straubel were the first people to work for the company and were named co-founders after the fact.
Tesla Motors went public in June 2010, when Daimler bought a stake in the company and formed a strategic partnership with Toyota.
The IPO raised $226 million. Musk and SpaceX made history in 2012 when they sent a Falcon 9 rocket into space without a person inside. In 2013, he came up with an idea for a new way to get from one big city to another.
He called it the “Hyperloop.” It would move at speeds of more than 700 mph and connect major cities. Instead of rails, the Hyperloop would use tubes to move people. Musk says it could take between 7 and 10 years to build, test, and make the Hyperloop ready to use.
What’s the Estimated Value of Elon Musk?
Elon Musk is a Canadian-American entrepreneur, inventor, and investor who was born in South Africa. Elon Musk is worth $240 billion dollars in total according to celebritynetworth.com.
Even though he has many roles and is always trying to top his last project, he is best known for being the CEO and CTO of SpaceX, the CEO and chief product architect of Tesla Motors, and the chairman of SolarCity. He’s the richest person in the world and in modern history.
Elon Musk’s Businesses
Tesla is a company that has been around since 2003. It makes electric cars and products that generate and store clean energy. Forbes says that Musk owns about 21% of the company, but that more than half of his shares are being used as collateral for loans right now.
Shares of Tesla have gone up 33% in the past year, which is a good thing. On June 21, 2022, they closed at $711.11 per share. In the 52 weeks before that, they went from $620.46 to $1,243.49 per share.
The company’s value is likely going up, though, because it’s getting a new round of funding. A May 2022 CNBC report said that this would make its value go up to $127 billion.
Elon Musk’s Real Estate Portfolio
Musk may be the richest person in the world, but he doesn’t own his home right now. He has promised himself that he will never own a house again.
In May 2020, he wrote on Twitter, “I’m selling almost everything I own.” Will not have a home.” The Wall Street Journal says that he kept his promise and sold seven homes for nearly $130 million. In a tweet from June 2021, he said that he is renting a $50,000 home from SpaceX in Boca Chica, Texas.
CEO Elon Musk Joins Twitter
Musk may soon add Twitter to the list of businesses he owns. In April, he made an offer to buy the company for $44 billion, and on June 21, 2022, a vote will happen.
In a filing with the Securities and Exchange Commission, it was shown that Twitter’s board of directors told shareholders to go along with the deal.
Musk owns 9% of the company that makes social media sites. Time will tell if he will run Twitter, but if he does, his net worth could go up even more.
Now that you know the answer to the question “How much money does Elon Musk make in a day?” you might be surprised. It’s one thing to know that he’s the richest man in the world. It’s quite another to see how much he makes per day and per minute.