In 1999 a division of Compaq Computer bought Zip2 for $307 million in cash and $34 million in stock options. Two reasons: Thanks at least partially to an article I personally wrote back in 2012, most people generally agree that the richest person in modern history is Standard Oil founder John D. Rockefeller. In 2018, Musk revealed that he planned to finance SpaceXs Mars plans by selling a major stake in Tesla at some point in the future. This Twitter post cannot be displayed in your browser. Mr Musk responded to Senator Warren's tweet, saying he would be paying "more taxes than any American in history this year". VideoThe secret mine that hid the Nazis' stolen treasure, LGBT troops take love for Eurovision to front line. Elon Musk Is Building a Sci-Fi World Very little time for recreation. Also known as Musa I of Mali, he was born about 200 years after William the Conqueror's death. Both CEOs have seen their wealth explode as shares of Amazon and Tesla have surged upward. At that point he surpassed Bill Gates to become to the second-richest person in the world for the first time. "My plan," the SpaceX founder tweeted Thursday about his fortune, "is to use the money to get humanity to Mars and preserve the light of consciousness. Elon hit every single milestone and therefore qualified to receive all $100 billion from the bonus plan. Under the plan, tradable assets such as Tesla's stock in a billionaire's portfolio would be valued annually. Trump motion to declare mistrial in E. Jean Carroll lawsuit denied, Tornado hits Virginia Beach, likely damaging hundreds of homes, U.S. to let Afghan evacuees renew temporary legal status, Texas man who lost wife and son in shooting shares story, NYPD officer Troy Patterson dies 33 years after being shot in robbery, Supreme Court to hear case that could curb power of federal agencies, The weirdest items passengers leave behind in Ubers, MasterChef Australia host Jock Zonfrillo found dead at 46, Democrats consider billionaires income tax to help pay for spending bill. Elon Musks net worth plummets by $12.6 billion after wild week Elon Musk Is $5 Billion Away From Being The - Celebrity Net Worth In 1999, Elon and Kimbal Musk used the money from their sale of Zip2 to found X.com, an online financial services/payments company. The secret mine that hid the Nazis' stolen treasure. He ended 2020 with a net worth of $170 billion. We all know Jeff Bezos is very rich but wouldnt you love to know how long it would take him to, for example, earn your entire years salary, tackle your entire student debt or pay off your mortgage? Instead, they hold their wealth in shares and other investments, then take out loans using those assets as collateral. Did this woman die because her genitals were cut? Using that number, Elon Musk is $5 billion (plus $1) away from being the richest person in modern history. In August 2020 two important factors pushed Elon's net worth above $90 billion for the first time. 100x Options Profit Calculator CZ has a net worth of $28.2 billion. It also means the Tesla chief executive is worth tens of billions more than the second-richest person on earth, Amazon.com founder Jeff Bezos. Elon along with Ian Wright and J.B. Straubel were the company's first employees and retroactively named co-founders. 2023 Celebrity Net Worth / All Rights Reserved. If Elon cashed out all of his stocks & assets today he would have approximately $217,000,000,000 (US Dollars) in his bank account. Elon Musk In his second day of testimony in a defamation trial, Elon Musk said he didn't know his own net worth, but estimated it may be $20 billion, including SpaceX and Tesla What Would It Take For Elon Musk To Become The World's First Trillionaire? Elon Musk Elon Musk is a South African-born Canadian-American businessman, inventor and investor who has a net worth of $164 billion. In total he has 10 children as of this writing. Billionaire Elon Musk-owned Twitter is expected to make changes in its privacy policy soon. The billionaire polymath is best known as the boss of electric car company Tesla and private rocket firm SpaceX, however he also heads brain-tech startup Neuralink and The Boring Company, which aims to solve traffic in cities by digging tunnel networks. To believe the electric car-maker's worth could rise so rapidly in just 12 months is the ultimate example of irrational exuberance. 144bn puts him on track to become one by 2026, about two minutes to earn the average US yearly wage, he sued local authorities after he was forced to shut it, particularly his pressing mission to, er, colonize Mars. Elon Musk The Elon Musk Wealth Calculator - Internet Marketing Hub 100x Options Profit Calculator CZ has a net worth of $28.2 billion. With a stake in the company taken by Daimler and a strategic partnership with Toyota, Tesla Motors launched its initial public offering in June 2010, raising $226 million. Elon Musk sells another $3.58 bn worth of Tesla stock, purpose unknown Live Updates Stocks to Watch Latest News Live Updates Kochi Water Metro Covid-19 Cases Update Heatwaves in India HUL Q4 Net Profit Gold Oh, and that time we learned that Zuckerberg takes about two minutes to earn the average US yearly wage? Last week, Mr Musk was named Time Magazine's Person of the Year. Elon Musk In 2020 Elon stunned the world by announcing his intention to sell all of his worldly possessions, starting with his LA homes. According to the latest Forbes billionaires list, Musk is the new No. He subsequently bought Confinity, the company that operated PayPal. Please enable Javascript or try a different browser. (Bezos has now ended that entitlement, despite the virus still raging across the US.). Here's how. John Catsimatidis, the billionaire grocery chain and real estate magnate who owns Gristedes, condemned the proposal as something you would "expect Putin to do," referring to President Vladimir Putin of Russia. Submit a correction suggestion and help us fix it! The last time Twitter updated its privacy policy was in August 2021. Taylor Swift sidestepped FTX debacle with a simple About half my money is intended to help problems on Earth and half to help establish a self-sustaining city on Mars to ensure the continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens and we destroy ourselves.. Musk graduated with an undergraduate degree in economics and continued on to earn a second bachelor's degree in physics then pursued a PhD in energy physics. The BBC is not responsible for the content of external sites. The Tesla and SpaceX entrepreneur was pushed into the top slot after Twitter to update privacy policy soon; here's what we Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, Elon Musk says you can now buy a Tesla with bitcoin, Elon Musk says Twitter will let media outlets charge users per article view, Jack Dorsey says Twitter went south after its sale to Elon Musk, Bluesky might be the hottest and most controversial app in the world, How rich is Elon Musk? 2023 Celebrity Net Worth / All Rights Reserved. Elon takes no salary as CEO of Tesla. It's equally difficult to adjust that fortune to a modern equivalent. First, in mid-August Tesla shares hit an all-time high of $1,900. Get browser notifications for breaking news, live events, and exclusive reporting. See Musk's earnings in real time and how his salary stacks up against other automotive and business heavyweights. Meet the meme-loving magnate behind SpaceX and Teslapublished in 2021. He has since moved to Texas, where he will pay no state income taxes, in order to be closer to the development of SpaceXs Mars-bound spacecraft Starship. ICE Limitations. At the time of his death in 1937 he was worth around $900 million because he made large wealth transfers to his own philanthropic foundation in his last decade. Please enter valid email address to continue. Elon Musk There are pictures of him holding a scepter of gold on a throne of gold holding a cup of cold with a golden crown on his head. From that point on, Elon received another of the tranches every time the company increases in market cap by $50 billion. Dont have vacation homes or yachts or anything like that, he stated in a short Twitter thread republished from 2018. Other billionaires are also voicing their anger at the idea. His net worth peaked at $1.5 billion. Mr Bezos is also using his personal wealth to fund space exploration, The secret mine that hid the Nazis' stolen treasure. On July 13, 2020 when Elon's net worth hit $80 billion for the first time, $15 billion came from SpaceX and $65 billion came from Tesla. An X.com acquisition the following year led to the creation of PayPal, as it is known today, and in 2002 PayPal was acquired by eBay for $1.5 billion in stock. Cat-and-mouse chase with China in hotly contested sea, Explore in 3D: The dazzling crown that makes a king. He believes the legend is a complete myth. A different British historian, named Kenneth Kitchen, does believe Solomon existed. Elon Musk Earnings Calculator - Select Car Leasing The brothers sold Zip2 to Compaq in 1999 for $307 million in cash and $34 million in stock. Musk says the Hyperloop could take from 7 to 10 years to be built, tested and ready for use. Mortgage Calculator; Multiple Quotes Tool; Forbes put singer-songwriter Taylor Swifts net worth in 2022 at $570 million. Read about our approach to external linking. Calculated in another way, if Musks net worth was distributed evenly among all 328 million citizens in the US, each person would receive roughly $600 the same amount the US government handed out as a stimulus check during the pandemic. Bitcoin Has a Major Significant Here's What It Means, 10 Online Side Hustles to Boost Your Income, 10 Tips to Choose the Right Mutual Fund for Your Investment Goals. 2021 CBS Interactive Inc. All Rights Reserved. At his peak, Musk was worth $340 billion, according to the Bloomberg Billionaires Index. But Elon Musks net worth has fallen a lot from the $340 billion peak he reached in November 2021.