Elon Musk (2024)

About Elon Musk

  • Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.
  • He owns about 21% of Tesla between stock and options, but has pledged more than half his shares as collateral for personal loans of up to $3.5 billion.
  • SpaceX, founded in 2002, is worth nearly $150 billion after a $750 million tender offer in June 2023; it nearly quintupled its value in four years.
  • Boring Company, which aims to defeat traffic, raised $675 million in April 2022 at a $5.7 billion valuation.
  • Twitter's board agreed to sell the company to Musk for $44 billion in April 2022, after he disclosed a 9.1% stake and threatened a hostile takeover.
  • The deal closed in October 2022 after Musk tried to back out and Twitter sued. Musk owns an estimated 74% of the company, which is now called X.

Wealth History

HOVER TO REVEAL NET WORTH BY YEAR

Personal Stats

Age
52
Source of Wealth
Tesla, SpaceX, Self Made
Self-Made Score
8
Philanthropy Score
1
Residence
Austin, Texas
Citizenship
United States
Marital Status
Single
Children
11
Education
Bachelor of Arts/Science, University of Pennsylvania

Did you know

Musk, who says he's worried about population collapse, has ten children with three women, including triplets and two sets of twins.

As a kid in South Africa, Musk taught himself to code; he sold his first game, Blastar, for about $500.

In Their Own Words

I operate on the physics approach to analysis. You boil things down to the first principles or fundamental truths in a particular area and then you reason up from there.

Elon Musk

More on Forbes

About Elon Musk

Elon Musk is a prominent entrepreneur and business magnate known for his involvement in various groundbreaking ventures. He co-founded several companies, including Tesla, SpaceX, and the Boring Company. Musk has a significant ownership stake in Tesla, amounting to about 21% of the company's stock and options. Additionally, he has pledged more than half of his shares as collateral for personal loans of up to $3.5 billion. SpaceX, founded in 2002, has seen a remarkable increase in its value, reaching nearly $150 billion after a $750 million tender offer in June 2023. The Boring Company, aimed at alleviating traffic congestion, achieved a valuation of $5.7 billion after raising $675 million in April 2022. Furthermore, Musk made headlines when he acquired Twitter for $44 billion in April 2022, subsequently renaming it X and owning an estimated 74% of the company. Musk's entrepreneurial success has also translated into significant wealth, as evidenced by his ranking as the richest person in the world on Forbes lists, including Forbes 400 and Billionaires, and his self-made score of 8. Musk's philanthropic endeavors, personal background, and notable quotes further contribute to his public image and influence.

Concepts Related to the Article

Self-Efficacy: Self-efficacy refers to an individual's belief in their ability to succeed in specific situations or accomplish a task. It is distinct from self-image, self-worth, or confidence and is based on one's perceived capabilities. Observing others and their successful performance can influence one's self-efficacy, as can the content of the model's statements and strategies for task performance .

Expert Performance: Becoming an expert performer involves emulating the decisions, interactions, or speeches of individuals who excel in a particular area. By observing and comparing one's own performance to that of expert performers, individuals can progress towards reaching the level of an expert performer .

Implicit Bias: Implicit biases are subconscious associations between two disparate attributes that can lead to inequitable decisions. These biases operate at a subconscious level and can impact various aspects of the healthcare ecosystem, affecting patients, clinicians, administrators, faculty, and staff .

Self-Awareness: Self-awareness involves engaging in self-evaluation and comparing one's thoughts and behaviors against personal standards and values. This process is integral to practicing self-control and making choices aligned with one's goals .

These concepts provide valuable insights into human behavior, performance, and decision-making, which are relevant to understanding Elon Musk's actions, influence, and impact on various domains.

Elon Musk (2024)

FAQs

What ethnicity is Elon Musk? ›

Childhood and family. Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa's administrative capital. He is of British and Pennsylvania Dutch ancestry. His mother, Maye (née Haldeman), is a model and dietitian born in Saskatchewan, Canada, and raised in South Africa.

How did Elon Musk get started? ›

In 1995, using $28,000 borrowed from his father, Musk and his brother created their first company, Zip2, an online city guide licensed to newspapers. When the company was sold to Compaq for $341 million in cash and stock in 1999, Musk's share was approximately $22 million.

What car does Elon Musk drive? ›

Musk owns a few Teslas such as the most controversial Cyber Truck, the Model Y, which he uses as a family vehicle, and a Tesla Model S Performance, a game changer in the electric car industry. The Tesla Model S Performance can accelerate from 0 to 100kmph in 2.5 seconds while carrying five occupants in luxury.

What has Elon Musk actually invented? ›

Touted as one of Elon Musk's first Internet inventions, Zip2, was a technology company that offered city guides software. Elon Musk invented it for the newspaper industry as it helped created a searchable database.

What languages does Elon Musk speak? ›

How many kids does Musk have? ›

How many children does Elon Musk have? Elon Musk has a total of 12 children, three with Neuralink executive Shivon Zilis, six with Canadian author Justine Wilson, and the other three with Grimes.

At what age did Elon Musk become a billionaire? ›

Elon Musk

At 27, Musk dropped out of Stanford to enter the dot-com boom. Four years later he became a millionaire at the age of 41, when he debuted on Forbes' list of the world's billionaires in 2012.

What did Elon Musk do before he was rich? ›

Born and raised in South Africa, Musk spent time in Canada before moving to the United States. Educated at the University of Pennsylvania in physics and business, Musk started getting his feet wet as a serial tech entrepreneur with early successes like Zip2 and X.com, which merged with a company that became PayPal.

Where did Elon get his money? ›

Around 75% of Musk's wealth was derived from Tesla stock in November 2020, a proportion that fell to about 37% as of December 2022, after selling nearly $40 billion in company shares since late 2021.

Does Elon Musk have a credit card? ›

Like all billionaires, Elon Musk has a personal life, with everyday personal expenses. To handle that, he has credit cards and debit cards on bank accounts. He can also write checks against his bank accounts.

What car does Mark Zuckerberg drive? ›

Despite his $176.7 billion net worth, Mark Zuckerberg, the billionaire founder of Facebook, is known for owning relatively inexpensive cars, with the exception of a Pagani Huayra supercar. The tech mogul is frequently seen cruising in a black Acura TSX, a compact car valued at around $30,000, according to CNBC.

Does Elon Musk have a private jet? ›

Elon Musk's fleet of four private jets is growing thanks to the addition of the Gulfstream G700. To date, Musk's most used private jet is the popular Gulfstream G650ER, whose extended range of 7,500 NM allows it to reach virtually the whole world from Musk's most used airports in California.

What is Elon Musk's IQ? ›

Elon Musk's IQ puts him in the Highly Gifted category. IQ tests provide insight into an individual's cognitive ability. As mentioned earlier, Elon Musk's IQ score is believed to be between 155 and 160. Above-average IQ scores within this range are only reserved for the "Highly Gifted" IQ classification.

Has Elon Musk ever been to space? ›

Musk has never been to space, but he seems curiously unbounded by the laws of gravity.

What made Elon Musk so famous? ›

The world has been enthralled by his incredible journey from a teenage South African entrepreneur to the CEO of several innovative firms, such as SpaceX and Tesla. Musk's ascent to fame is evidence of his unwavering resolve, imaginative thinking, and unrelenting drive.

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