According to an estimate by Bloomberg News, Elon Musk’s net worth has surpassed $400 billion, making him the first person to reach this historic figure.
While the value of shares in Musk’s electric vehicle company Tesla and his robotics group have soared in recent months, it is Musk’s private stake in SpaceX, the rocket company he helped found, that has propelled his wealth beyond the latest threshold.
This week, Bloomberg reported that a private sale of SpaceX shares increased the company’s market capitalization to approximately $350 billion, making it the most valuable private startup in the world. Musk is said to own 42% of the company.
With Tesla’s stock reaching a new all-time high this Wednesday, Musk’s fortune grew to about $440 billion.
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How did Elon Musk become a billionaire?
Musk’s journey to success was not easy, as his childhood in South Africa was full of challenges, including a complicated relationship with his father.
At the age of 17, after refusing to serve in the military and with no financial support from his father to continue his studies, Musk chose to move to Canada, where he obtained citizenship thanks to his mother.
Initially, he got a job as a cleaner in the boiler room of a sawmill, earning $18 a week.
Later, Musk received a scholarship to attend the University of Pennsylvania, where he graduated in economics and physics. He then moved to Silicon Valley, where he founded his first company, focused on creating maps and guides for online newspapers. This venture was sold for $300 million, enabling him to continue advancing in his career.
In 1997, Musk founded X.com, a payment system that later became PayPal. In 2002, eBay acquired PayPal for $1.5 billion, of which Elon Musk received around $165 million.
With that money, Musk went on to found Tesla, SpaceX, and other companies such as Neuralink and XAI.
What companies does Elon Musk own?
Elon Musk’s vast fortune is not just based on Tesla; he also holds stakes in several other companies. Some of these include:
- Starlink: 54%
- SpaceX: 42%
- X (formerly Twitter): 74%
- The Boring Company: Over 90%
- xAI: 25%
- Neuralink: Majority stake
How much does the Tesla robot cost?
Last October, Elon Musk unveiled the Tesla Optimus humanoid robot, which promises to perform household tasks and other activities in the future.
The price of the Tesla Optimus is estimated to range between $20,000 and $30,000, which is equivalent to a range of 400,000 to 600,000 Mexican pesos. However, specific launch dates and a complete breakdown of its functionalities have not yet been confirmed.
How much does Elon Musk make per day?
Per hour, Elon Musk earns up to $400,000, totaling around $9.6 million per day.
Who is the richest person in the world in 2024?
Every year, Forbes publishes its list of the richest people in the world. In 2024, the ranking saw significant changes, with prominent entrepreneurs from sectors like technology, e-commerce, and luxury competing for the top spots.
According to Forbes, the Frenchman Bernard Arnault, chairman and CEO of LVMH, a conglomerate that includes world-renowned brands like Louis Vuitton and Dior, holds the first position, with a fortune of $226.2 billion.
In second place is Jeff Bezos, founder of Amazon, whose net worth is estimated at $198.4 billion.
