Elon Musk today stands as the richest man on the planet, but why is his lifestyle contrary to his billion-dollar bank balance? Elon Musk Net Worth 2022 is around a quarter of a trillion dollars. Astounding, isn’t it? After superseding Jeff Bezos, Elon Musk became the wealthiest person as per the Forbes’ Real Time Billionaire list as well as Bloomberg Billionaires Index.
Elon Musk is a man of many hats and also a man of many billions. The net worth of Elon Musk as of July 2022 is a whopping $253 Billion. Tesla Motors, Inc., SpaceX, The Boring Company and his other business ventures are all leading in their respective fields. From starting at a very early stage of life to becoming a billionaire just by the age of 50, Musk’s story truly symbolizes enlightenment.
In the process, he has not only made it to the top of billionaires lost but also significant advancement in the fields of science, technology and humanity. But what exactly is Elon Musk’s net worth? How did he get there? And what does his future look like? We bring you all that you need to know, so stay tuned!
Net Worth of Elon Musk 2022: Man with the highest Intellect and Bank Balance!
|Net Worth||$253 Billion|
|DOB (age)||28th June, 1971 (51 years)|
|Height||6 ft 2 in|
|Country of Birth||Pretoria, South Africa|
|Source of Wealth||Tesla Motors, SpaceX, The Boring Company, Neuralink, OpenAI, other investments|
|Profession||Business tycoon, investor, entrepreneur, CEO, CTO and co-founder of companies.|
|Nationality||African, Canadian, American|
|Citizenships||South Africa, Canada, United States|
|Honorable Mentions/ Awards||Topped the Forbes Real Time Billionaire list|
Richest in Bloomberg Billionaires Index
Honorary doctorate at Yale
Fédération aéronautique internationale Gold Space Medal
Royal Aeronautical Society Gold Medal
Time’s Person of the Year 2021
|Criminal Records||Accused of multiple frauds along with his companies|
Accused of sexual misconduct by a SpaceX former flight attendant
Crashed his $1M Mclaren F1, and suffered a near-death experience
|Brand Endorsements||Dogecoin, Twitter|
|Most Expensive Things Bought||His companies(SpaceX, Tesla, SolarCity, etc) The Gulfstream G650ER Tesla Model S and Model X Tesla Cybertruck Lotus Esprit Submarine Car(from James Bond movie)|
|Social Media Followers (Total)||Instagram: elonmusk (526k followers)|
Twitter: @elonmusk (101.9M followers)
Official Website: Tesla
Elon Musk has been noticed by many peeps as the real-life version of Avengers star Tony Stark. Elon has created a mark for himself that will stay for an eternity. His out-of-the-box thinking, how he executes his plan, and his determination, are all reasons why he holds the position of the richest man alive in 2022.
Elon Musk has a net worth of $253B, which is the highest net worth in modern times. His space tourism company, SpaceX, has also become the hope of future space-oriented endeavors. Musk is also the largest Twitter stakeholder and has recently made attempts to purchase the entire social platform.
He is the CEO, CTO and Product architect of Tesla Motors, as well as its largest shareholder. Musk has done more than almost anyone to bring electric cars from the fringes to the forefront of automotive consciousness. So let’s dig into the life of the prolific personality and discover all about the past, present and future.
Elon Musk Early Life: Was Elon Musk born rich?
To answer the question, yes, Musk was born with a silver spoon in his mouth. Elon Reeve Musk was born on 28th June 1971 to a wealthy family in Pretoria, an Apartheid South African City. His mother, Maye Musk, is a renowned model and dietician. His birth father, Errol Musk, was an electromechanical engineer, pilot, property dealer and consultant.
The couple divorced in 1980 when Elon was only 9 years old and decided to stay with his father. A choice that he recalls regretting later on, so he decided to move to Canada after a few years.
Young Musk had his Adenoid removed by doctors thinking he was deaf, but his mother knew that the child was far more intelligent than normal humans. He did his schooling at Waterkloof House Preparatory School and later went to Bryanston High School. The billionaire graduated from Pretoria Boys High School.
With an early interest in computers and technology, Musk acquired a Commodore VIC-20 just at 10. Learning coding by the age of 12 led him to develop and sell a BASIC-based video game, Blastar, for $500.
Elon applied for a Canadian passport because he knew going to America via Canada would not be a big deal. Meanwhile waiting for documentation, he attended the University of Pretoria. In 1989 Musk landed in Canada, where he lived with his cousin and worked jobs on a farm or mill.
Initially, in 1990, he attended Queen’s University in Kingston. Two years later, he shifted to the University of Pennsylvania, where he did his Bachelor of Arts degree and another degree of Bachelor in Science. By this time, the year was 1995.
The beginning of Elon Musk’s career
During his final years of his Bachelor’s degree, Musk did two internships during the summer break at Silicon Valley. Both the companies he worked with were start-ups, Pinnacle Research Institute and Rocket Science Games. He got accepted at Stanford University, California, for a Ph.D. program in materials sciences. Meanwhile, he applied for a role in Netscape, but nothing better than rejection.
Elon then thought of taking advantage of the dot-com bubble in 1996 and wanted to launch a start-up. He quit Stanford after his second day. He borrowed some funds from his father and, along with his brother and Greg Kouri, established Zip2, a web software company.
The company initially fetched no profit but later sealed deals with The New York Times and Chicago Tribune. The company was later sold to Compaq for $307 million in cash, out of which Musk received his 7% share in the company worth $22 million.
Elon Musk Professional Success: To The Top!
After a good start, Musk Founded X.com, a financial services company. It was soon federally insured by Banks and the first one to do so, the company later merged with a similar company, Confinity. This was done to avoid competition, but this created a lot of havoc due to differences of opinion. After a lot that went through, PayPal(the new company) was sold off to eBay for a stock value of $1.5 billion, of which Elon being the largest shareholder with 11.72% of shares, received $175.8 million.
Two successful companies later, Musk was ready to enter the pitch again. It all started with installing a plant growth chamber on Mars, for which they needed rockets. After evaluating the entire cost, Musk Decided to start his own company, which would make rockets at a lower price. Elon founded SpaceX with $100 million in 2002 and became the company’s CEO and Chief Engineer. The company was a failure initially, but when it successfully proved its potential, it was awarded. SpaceX received a Commercial Resupply Services program contract from NASA for a whopping $1.6 billion, which also saved the company from bankruptcy.
He then invested in Tesla Motors and became a part of Tesla’s board of directors as chairman. In 2008, he became the company’s CEO and product architect. There was a lawsuit against both Tesla and Elon after he made some tweets. Today Tesla, Inc. has a market cap worth $844.78 Billion, the 6th highest in the world.
He also has a few other companies and projects that he is associated with, such as Twitter, The Boring Company, SolarCity, Tesla Energy, Hyperloop, OpenAI and others. Musk has been a very productive man throughout his lifestyle, which is pretty much visible in his net worth.
Elon Musk Net Worth 2022: How Much is Elon Musk Worth?
The short answer would be a lot, and a long one would be beaucoup (as the French say it). The Net worth of Elon Musk is currently estimated to be around $253 Billion. He owns 43% of the space tourism company SpaceX and 24% of the automobile company Tesla.
He first appeared on the Forbes Billionaire List in 2012 with a net worth of $2 billion. In 2020, his net worth saw a splendid jump from $27 billion at the beginning of the year to $150 billion as the end drew closer. And this same year, he surpassed Facebook co-founder Mark Zuckerberg to become the world’s third richest man.
It was only a matter of time before he reached $200 billion, becoming the world’s richest man. In Nov 2021, his net worth crossed $300 billion, making him the first and perhaps the only person to do so.
But his companies are of great value and will make much more profit in the coming future. As of today, the market capitalization of Tesla is $844.78 Billion, and at one point, the company became the first one to cross a trillion. SpaceX has a worth of $125 billion, whereas The Boring Company is valued at $5.675 billion.
His assets, such as real estate, cars, and other luxuries, are also considerable. Especially the properties that he owned were quite a deal at one time, located in high-value locations such as California and L.A. But, the world was amazed when the man declared his wish to sell all of his real estate properties, i.e., 7 multi-million dollar luxury mansions.
After all these assumptions, Musk still is the richest billionaire on the planet. And as his followers must be well aware of how future-prepared Musk is, he indeed has his investments in the right place. The success of all his companies in recent times and his other projects and investments will surely boost and solidarize his net worth.
“When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
“Persistence is very important. You should not give up unless you are forced to give up.” – Elon Musk
“I think it is possible for ordinary people to choose to be extraordinary.” – Elon Musk
“It’s OK to have your eggs in one basket as long as you control what happens to that basket.” – Elon Musk
“If you go back a few hundred years, what we take for granted today would seem like magic-being able to talk to people over long distances, to transmit images, flying, accessing vast amounts of data like an oracle. These are all things that would have been considered magic a few hundred years ago.” – Elon Musk
“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.” – Elon Musk
Top FAQs on Elon Musk Net Worth
What was Elon Musk Net Worth 2021?
Elon Musk Net Worth in 2021 was at its peak somewhere around $335-$340 billion. Musk became the first person to cross the $300 billion net worth mark.
What is Elon Musk Wife Net Worth 2022?
The recent ex-girlfriend of Elon musk is Grimes, who is known to have a net worth of $10 million. The couple had 2 children while they were together, out of which a baby girl was born via surrogacy. There is no official declaration of their separation, but they defined it in some interviews as semi-separate but still on good terms.
His ex-wife, who he married twice and divorced twice, was Talulah Riley. Talulah Riley net worth 2022 is $40 Million. She is currently dating the English hottie Thomas Brodie-Sangster.
Why Is Elon Musk Rich?
Musk was born in an affluent household, which is not the reason behind his multi-billion empire. PayPal was sold to eBay in 2002, out of which Elon received his stake worth $175.8 million. His other Billion dollar companies, Tesla and SpaceX, are doing well today, and Musk has a good share in either of them. His investments in the right sectors made him what he is today. His net worth rose to $253 Billion, making him the richest person on earth.
Who are Elon Musk children, and who did he have them with?
Altogether Elon is the father of 8 children, out of which the first-born son passed away a few days after birth. With Justine Wilson, he also had twins and triplets via In-vitro fertilization. One of the twins recently came out trans and changed her name to match her gender identity.
Then with his recent ex-girlfriend Grimes, he had a son and a daughter. The son was named X AE A-XII, which created quite a few controversies due to its uniqueness. The daughter was named Exa Dark Sideræl Musk, who was born via surrogacy.
How many relationships and Girlfriends did Elon Musk have?
Elon’s first official relationship was with Justine Wilson, the couple got married in 2000. They had a son together who passed away a few days after birth, so they decided to do IVF, which gave birth to twins(2004) and triplets(2006). The couple divorced in 2008.
Musk dated Talulah Riley, whom he married in 2010, but got divorced in 2012. The couple remarried in 2013 but again filed for divorce a year after, which was rejected. The divorce was then finalized in 2016.
Elon has also dated Amber Heard throughout 2017. Johnny Depp Accused Amber of cheating on him with Musk.
His most recent girlfriend was Claire Elise Boucher or popularly known as Grimes. The couple had 2 children together and later separated. But during an interview, Grimes mentioned Musk as her best friend and the love of her life.
Who are the top 5 Richest Men of 2022?
As per the information provided by the Forbes Real Time Billionaires list:
1. Elon Musk (Net Worth: $253 B)
2. Bernard Arnault and Family (Net Worth: $155.0 B)
3. Jeff Bezos (Net Worth: $143.9 B)
4. Gautam Adnani (Net Worth: $114.4 B)
5. Bill Gates (Net Worth: $104.2 B)
Elon Musk has made a career out of being bold and innovative. While the rest of the world was focused on creating gasoline-powered cars, Musk was already thinking about the future: electric cars. When he planned to establish life on Mars and couldn’t find cheap and effective means to do so, he founded SpaceX.
The man has done far more than just talk. His deeds are a great example of how nothing is impossible, there are no limits to what you can achieve. And as for his net worth, that is beyond the reach of his other competitors. So I will not be wrong if I say. Musk will rule the throne for quite some time now.