Business tycoon and financier Elon Reeve Musk FRS was (born in June 28, 1971) in South Africa while he hails from California. He is the owner and CEO of Twitter, Inc., the creator of The Boring Company, the co-founder of Neuralink and OpenAI, the CEO and chief engineer of SpaceX, an angel investor, CEO and product architect of Tesla, Inc., and the president of the charitable Musk Foundation.
As of February 15, 2023, his ownership stakes in Tesla and SpaceX are primarily responsible for his estimated $196 billion net worth. According to both the Bloomberg Billionaires Index and Forbes’ real-time billionaires list, Musk is the second-richest person in the planet.
Elon Musk was born in Pretoria, South Africa, and only briefly attended the University of Pretoria before relocating to Canada at the age of 18. Through his mother, who was born in Canada, Musk later obtained Canadian citizenship.
He matriculated at Queen’s University two years after that and then moved to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics. To attend Stanford University, he relocated to California in 1995. After two days, he left and, along with his brother Kimbal, co-founded Zip2, a business that makes software for online city guides.
In 1999, Compaq paid $307 million to purchase Zip2 and Musk co-founded X.com, a direct bank. In order to create PayPal, X.com and Confinity merged in 2000. In 2002, eBay purchased PayPal for $1.5 billion.
Musk started the rocket services business SpaceXin 2002 with a $175.8 million investment. He invested early in Tesla Motors, Inc., a maker of electric vehicles, in 2004. (now Tesla, Inc.). In 2008, he took over as CEO and was appointed head of the company.
He contributed to the founding of SolarCity in 2006, a solar energy business that Tesla subsequently bought and renamed Tesla Energy. He helped establish the nonprofit artificial intelligence research organization OpenAI in 2015.
He co-founded The Boring Company, which builds tunnels, and Neuralink, a neurotechnology firm developing brain-computer interfaces, the following year. Additionally, Musk has suggested a hyperloop high-speed rail system. His $44 billion purchase of Twitter was finalized in 2022.
Elon Musk is a divisive figure who has made contentious claims about politics and technology, especially on Twitter. He has come under fire for making unfounded claims and disseminating false information about COVID-19.
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Musk in 2018 after Musk falsely claimed in a tweet to have financing secured for a private takeover of Tesla. As part of a settlement deal with the SEC, Musk resigned as chairman of Tesla and paid a $20 million fee.
Elon Musk Profile Biography
| Full Name: | Elon Reeve Musk |
|---|---|
| Date Of Birth: | June 28, 1971 |
| Age: | 51 Year’s old in (2023) |
| Place Of Birth: | Pretoria , Transvaal, South Africa |
| Nationality: | South African, Canadian and American |
| Country: | South Africa |
| Parent: | Errol Musk (Father), Maye Musk (Mother) |
| Family: | Musk Family |
| Wife: | Justine Wilson (married. 2000; divorce. 2008), Talulah Riley (married. 2010; divorce. 2012), (married. 2013; divorce. 2016) |
| Children: | Nevada Alexander Musk, Griffin Musk, Vivian Musk, Kai Musk, Saxon Musk, Damian Musk, X AE A-XII Musk, Exa Dark, Sideræl Musk, Twins with Shivon Zilis |
| Partner: | Grimes (2018–2021) |
| Education: | University of Pennsylvania ( BA, BS) |
| Occupation: | Business Man, Investor |
| Companies: | Founder, CEO and chief engineer of SpaceX • CEO and product architect of Tesla, Inc. • CEO of Twitter, Inc. • President of the Musk Foundation • Founder of The Boring Company and X.com • (now part of PayPal) • Co-founder of Neuralink • OpenAI and Zip2 |
| Net Worth In Dollar: | $174.2 Billion (USD) |
| Net Worth In Naira: | ₦121.9 Trillion (NGN) |
| Net Worth In Euro: | €174 Billion (EUR) |
Elon Musk Social Media Profiles
| Twitter: | Elon Musk Official Twitter Account |
|---|---|
| Twitter: | Elon Musk Official Instagram Page |
Elon Musk Early Life During Childhood
On June 28, 1971, in Pretoria, one of South Africa’s capital towns, Elon Reeve Musk was born. Musk is descended from Pennsylvania Dutch and British people. Maye Musk, a model and dietitian who was born in Saskatchewan, Canada, and reared in South Africa, is his mother.
His father, Errol Musk, is a half-owner of an emerald mine in Zambia close to Lake Tanganyika. He is a South African electromechanical engineer, pilot, sailor, consultant, and real estate developer. Musk has a younger sibling named Tosca and a younger brother named Kimbal.
When Elon Musk was younger, his family was affluent. His children were said to share their father’s distaste for apartheid, and his father was voted to the Pretoria City Council as a member of the anti-apartheid Progressive Party.
Joshua Haldeman, his maternal grandpa, was a daring American-born Canadian who flew his family to Australia and Africa in a single-engine Bellanca airplane, breaking records in the process.
Elon Musk decided to spend the majority of his time with his father after his parents’ split in 1980. Musk later came to lament his choice, and he and his father are no longer close. He has a half-sister and a half-brother on his father side.
Elon Musk Educational Background
Musk attended the Pretoria Boys High School, Bryanston High School, and Waterkloof House Preparatory School before graduating.
Elon Musk, who was born in Canada, filed for a Canadian passport through his mother because he knew it would make it simpler for him to enter the United States. He studied the University of Pretoria for five months while his application was being processed.
Musk entered Canada in June 1989 and spent a year in Saskatchewan living with a second cousin while working odd jobs at a farm and a lumber factory. He enrolled at Kingston, Ontario’s Queen’s University in 1990.
He moved to the University of Pennsylvania (UPenn) two years later, where he finished his coursework for a Bachelor of Arts degree in physics and a Bachelor of Science degree from the Wharton School in economics.
Elon Musk asserts he received the degrees in 1995, but UPenn insists it was 1997. According to reports, he created a business plan for an electronic book-scanning service similar to Google Books and held sizable, ticketed house parties to help pay for tuition.
Two internships in Silicon Valley were conducted by Musk in 1994: one at the energy storage startup Pinnacle Research Institute, which looked into electrolytic ultracapacitors for energy storage, and another at the Palo Alto-based startup Rocket Science Games. He was granted admission to Stanford University’s Doctorate program in materials science in 1995.
Musk, however, made the decision to participate in the Internet boom and left the program two days after being accepted. He then applied for a job at Netscape, but he reportedly never heard back.
Elon Musk Children
Just one month before the birth of his second child via surrogate with his on-again, off-again partner Grimes, the Tesla billionaire and Shivon Zilis, one of his top Neuralink executives, allegedly welcomed twins in November 2021.
Below are the list of his children’s.
- Nevada Alexander Musk
- Griffin Musk
- Vivian Musk
- Kai Musk
- Saxon Musk
- Damian Musk
- X AE A-XII Musk
- Exa Dark Sideræl Musk
- Twins with Shivon Zilis
Elon Musk Personal Life
Musk lived in California, the state that saw the founding of both Tesla and SpaceX, from the early 2000s until late 2020. He relocated to Texas in 2020, claiming that California had grown “complacent” with its prosperity. Musk revealed that he has Asperger syndrome while presenting Saturday Night Live in May 2021.
While attending Queen’s University in Ontario, Canada, Musk met his first wife, Canadian Justine Wilson. The two were married in 2000. At the age of 10 weeks, their first kid passed away in 2002 from sudden infant death syndrome.
The pair made the decision to use IVF to start a new family after his passing. They gave birth to twins in 2004 and quads in 2006. After divorcing in 2008, the pair divided custody of the kids.
One of the twins formally changed her name to Wilson in 2022 because she no longer wanted to be associated with Musk and to represent her gender identity.
Elon Musk attributed his daughter’s estrangement from him to what the Financial Times described as “the supposed takeover of elite schools and colleges by neo-Marxists” in an interview with FT.com in October 2022.
Musk started courting English actress Talulah Riley in 2008. Two years later, they got hitched in Scotland’s Dornoch Cathedral. The pair got divorced in 2012 and then got remarried in 2013. Musk and Riley’s second divorce was finally finalized in 2016 after he temporarily filed for divorce from Riley in 2014.
Then, in 2017, Musk dated Amber Heard for a number of months; he had allegedly been after her since 2012. Johnny Depp subsequently charged Musk with having an affair with Heard while she was still legally wed to Depp. Both Musk and Heard refuted the romance in.
Elon Musk Zip2 Company Business Career
Greg Kouri, Elon Musk, and their sibling Kimbal founded Zip2 in 1995. Errol Musk contributed $28,000 to their financing. The business created an online city guide complete with instructions, maps, and yellow pages and promoted it to newspapers.
They labored in a modest, rented workplace in Palo Alto, with Musk spending every evening coding the website.
Contracts with The New York Times and the Chicago Tribune were eventually signed by Zip2.
The brothers convinced the board of directors to drop plans to combine with CitySearch; but Musk’s bid to take over as CEO was rejected. In February 1999, Compaq purchased Zip2 for $307 million cash. Musk was paid $22 million for his 7% stake.
Elon Musk X.com and PayPal Company Business Career
Musk later co-founded the internet financial services and email payment business X.com in 1999. In its first few months of operation, more than 200,000 customers joined X.com, one of the first federally insured internet banks. Despite the fact that Musk founded the business, investors thought he lacked expertise and by the end of the year, Bill Harris, the CEO of Intuit, had taken over.
To avoid competition, X.com and online bank Confinity merged in 2000. because X.com’s service was less well-known than Confinity’s PayPal money-transfer service.
Elon Musk then made a comeback as the combined company’s President. His predilection for Microsoft over Unix-based software sparked conflict among the staff, which ultimately led to the resignation of Confinity’s founder, Peter Thiel.
In September 2000, the board fired Musk and brought in Thiel to fix the company’s escalating technological problems and absence of a coherent business strategy.
The business became more concentrated on money transfers under Thiel, and in 2001 it changed its name to PayPal.
Elon Musk, the biggest share holder and owner of 11.72% of the stock, received $175.8 million of the $1.5 billion in stock eBay paid to acquire PayPal in 2002. For its sentimental value, Musk purchased the X.com domain from PayPal in 2017—more than 15 years afterward. Musk stated that his goal for “X, the everything program” was to be finished in 2022.
Elon Musk SpaceX Company Business Career
Early in 2001, Musk got involved with the nonprofit Mars Society and talked about financing strategies for putting a plant growth chamber on Mars.
Along with Jim Cantrell and Adeo Ressi, he went to Moscow in October of that year to purchase reconditioned intercontinental ballistic missiles (ICBMs) that could launch the greenhouse payloads into orbit.
Musk met with the businesses NPO Lavochkin and Kosmotras, but he was perceived as a novice, so the party left for the United States with nothing. The team went back to Moscow in February 2002 along with Mike Griffin, president of In-Q-Tel, to search for three ICBMs.
In a subsequent meeting with Kosmotras, they were presented with a $8 million deal for one rocket, which Musk turned down. Instead, he made the decision to found a business that would produce inexpensive missiles.
In May 2002, Musk established SpaceX with $100 million of his own funds, and he later rose to the positions of CEO and Chief Engineer. In 2006, SpaceX tried to launch the Falcon 1 for the first time.
Despite the rocket’s failure to enter Earth orbit, NASA Administrator (and previous SpaceX consultant) Mike Griffin later that year gave it a contract for the Commercial Orbital Transportation Services program.
As part of its efforts to develop reusable rockets, SpaceX managed to safely land the Falcon 9’s first stage on an inland platform in 2015. Later landings were accomplished using ocean-based retrieval platforms called autonomous spaceport drone ships. In 2018, SpaceX launched the Falcon Heavy, with Musk’s personal Tesla Roadster serving as a dummy cargo on the first flight.
SpaceX has been working on Starship since 2019, a fully-reusable, super-heavy-lift launch vehicle meant to take the position of the Falcon 9 and the Falcon Heavy. By launching the Demo-2 in 2020, SpaceX became the first private corporation to launch astronauts into orbit and dock a crewed spacecraft with the International Space Station.
Elon Musk Starlink Company Business Career
The first two prototype satellites for the Starlink constellation of low-Earth-orbit satellites to provide satellite Internet connectivity were launched in February 2018 by SpaceX, which started developing the constellation in 2015.
In May 2019, when the first 60 operational satellites were launched, a second group of test satellites and the first significant deployment of a portion of the constellation took place.
According to SpaceX, the design, construction, and constellation deployment endeavor will cost about $10 billion in total. Some detractors, like the International Astronomical Union, claim that Starlink obstructs the view of the sky and puts spacecraft in danger of colliding with one another.
Elon Musk sent Starlink terminals to Ukraine in 2022 in order to facilitate contact and Internet access during the Russian invasion of that country. Musk, who identified himself as “a free expression absolutist,” steadfastly refused to restrict access to Russian state media on Starlink.
In October 2022, Elon Musk claimed that about 20,000 satellite terminals and free data transfer subscriptions, which cost SpaceX $80 million, had been given to Ukraine.
Musk openly announced that SpaceX would continue to provide Starlink to Ukraine for free, at a yearly cost to itself of $400 million, after requesting that the US Department of Defense pay for additional units and upcoming subscriptions on behalf of that country.
Elon Musk Tesla Company Business Career
Martin Eberhard and Marc Tarpenning founded Tesla, Inc.—originally Tesla Motors—in 2003 and provided all financing up until the Series A round of funding.
Prior to Musk’s involvement, both men actively participated in the company’s early growth.
Musk oversaw the Series A round of financing in February 2004; he contributed $6.5 million, became the company’s majority owner, and was elected chairman of the board. Despite not being heavily engaged in day-to-day business operations, Musk took an active role within the company and supervised the design of the Roadster product.
Eberhard was fired from the company as a result of a succession of escalating disputes in 2007 and the financial crisis of 2007–2008. Page not found In 2008, Musk became the organization’s President and product architect.
Elon Musk, along with Tarpenning and two other people, was named as a co-founder of Tesla in a 2009 lawsuit deal with Eberhard. Musk had been the CEO of any car manufacturer worldwide for the longest amount of time as of 2019. While still serving as CEO, Musk officially changed his name to “Technoking” in 2021.
In 2008, Tesla produced the Roadster, the company’s first electric sports vehicle. It was the first serially produced all-electric automobile to use lithium-ion battery cells, selling about 2,500 vehicles. In 2012, Tesla started shipping its four-door Model S car. In 2015, the Model X, a crossover, was introduced.
The Model 3 is a mass-market car that was introduced in 2017. The Model 3 was the first electric vehicle to sell 1 million units internationally, becoming the all-time best-selling plug-in electric vehicle in June 2021.
In 2020, the Model Y crossover was introduced as the fifth car. 2019 saw the introduction of the Cybertruck, an all-electric pickup truck. Additionally, Tesla has built numerous lithium-ion battery and Gigafactories, which are manufacturers for electric vehicles.
Tesla stock has increased significantly since its initial public offering in 2010, and it entered the S&P 500 later that year. In summer 2020, Tesla became the most valuable automaker. It became the sixth company in American history to achieve a market capitalization of $1 trillion in October 2021.
Musk suggested selling 10% of his Tesla stock on Twitter in November 2021 because “much is made recently of unrealized gains being a means of tax avoidance”. Musk sold $6.9 billion of Tesla stock in a week after more than 3.5 million Twitter accounts backed the sale, and a total of $16.4 billion by year’s end, hitting the 10% goal.
According to a February 2022 Wall Street Journal article, the SEC was looking into whether Elon and Kimbal Musk engaged in any potential insider trading in connection with the sale. Musk revealed Optimus, a robot created by Tesla, in 2022.
Elon Musk SolarCity and Tesla Energy Company Business Career
Lyndon Rive and Peter Rive, Musk’s cousins, established SolarCity in 2006 using Musk’s initial idea and funding. As of 2013, SolarCity was the second-largest American supplier of solar electricity systems.
In 2014, Elon Musk supported the idea of SolarCity constructing a modern production facility in Buffalo, New York, which would be three times larger than the country’s biggest solar plant. The factory’s construction began in 2014 and was finished in 2017. Up until the beginning of 2020, it was a joint enterprise with Panasonic.
In 2016, Tesla paid over $2 billion to purchase SolarCity, which it combined with its battery business to form Tesla Energy. Tesla’s stock price fell by more than 10% after the transaction was announced. At the time, SolarCity was experiencing cash flow problems.
A number of shareholder organizations sued Musk and the directors of Tesla, alleging that the purchase of SolarCity was made purely for Musk’s benefit and came at the expense of Tesla and its shareholders.
In January 2020, the Tesla directors reached a settlement, leaving Musk as the lone accuser. The judge made a favorable decision for Musk two years later.
Elon Musk Neuralink Company Business Career
With a $100 million investment, Musk co-founded the neurotechnology startup firm Neuralink in 2016. By designing inside-the-brain gadgets that enable the brain’s fusion with machines, Neuralink seeks to integrate the human brain with artificial intelligence (AI).
Such technology might improve memory or enable program communication between the gadgets. The business also aspires to create medical equipment for the treatment of neurological disorders like Alzheimer’s disease, dementia, and spinal cord accidents.
Elon Musk revealed plans for a sewing machine-like gadget that could be threads into a person’s brain in 2019. A paper published in October 2019 that describes some of the Neuralink team’s research has Musk named as the only author, though the researchers on the Neuralink team were upset by this.
Musk called one of their early devices, which could soon treat paralysis, deafness, blindness, and other disabilities, “a Fitbit in your skull” during a 2020 live display. These claims have drawn criticism from numerous neuroscientists and journals, with MIT Technology Review calling them “highly speculative” and “neuroscience theater”.
Musk displayed a pig with a Neuralink implant that monitored neural activity linked to smell during the demonstration. Clinical trials would commence by the end of the year, Neuralink declared in 2022.
Elon Musk Boring Company Business Career
Neuralink has continued testing on animals using macaque primates at the primate research facility of the University of California, Davis. The business published a video in 2021 in which a Macaque used a Neuralink implant to play the computer game Pong.
Animal cruelty accusations have been made in relation to the company’s animal tests, which resulted in the fatalities of some monkeys. The Animal Welfare Act has been allegedly broken by Neuralink’s animal testing, according to the Physicians Committee for Responsible Medicine.
Workers have grumbled that Musk’s pressure to speed up development has resulted in failed experiments and needless animal deaths. A federal investigation into potential Neuralink violations of animal welfare was started in 2022.
2018 saw the announcement of two tunnel developments in Chicago and have been postponed in West Los Angeles. Nevertheless There was a passageway under the Las Vegas Convention Center. finished in the early 2021. Municipal authorities have given their approval. additions to the tunnel network. In 2021, Fort Lauderdale received approval for tunnel building.
Elon Musk Twitter Company Business Career
Musk had earlier questioned Twitter’s commitment to free speech and had expressed interest in acquiring the company as early as 2017. Musk began buying Twitter shares in January 2022, and by April had amassed a 9.2% stake, making him the company’s biggest shareholder.
When this was made public, Twitter stock saw its biggest daily price increase since its IPO in 2013. Elon Musk and Twitter reached an agreement on April 4 that would appoint him to the board of directors and forbid him from acquiring more than 14.9% of the business.
On the other hand, on April 13, Musk launched a takeover attempt to purchase 100% of Twitter’s stock at a price of $54.20 per share with a $43 billion offer to acquire Twitter. In response, the board of directors of Twitter enacted a “poison pill” shareholder rights plan to increase the cost for any one shareholder to own more than 15% of the business without board approval.
Nevertheless, Elon Musk had effectively concluded his offer for about $44 billion by the end of the month. This included $21 billion in equity funding and about $12.5 billion in loans secured by his Tesla stock.
Elon Musk lost about $30 billion of his net worth as a result of the deal, which caused Tesla’s stock market valuation to drop by over $100 billion the following day. After criticizing Twitter executive Vijaya Gadde’s policies in a later tweet to his 86 million followers, some of them harassed her in sexist and racist ways.
After learning that 5% of Twitter’s daily active users were spam accounts, exactly one month after announcing the acquisition, Musk said the transaction was “on hold,” which led Twitter shares to decline by more than 10%.
The Twitter Board of Directors responded that they were committed to holding him to the transaction, despite the fact that he had initially expressed his commitment to the acquisition. He sent notification of his termination of the agreement in July.
Twitter filed an official lawsuit against Musk in the Delaware Chancery Court on July 12, 2022, alleging that he had broken the terms of a binding contract to buy the company. Musk made a comeback in October 2022, proposing to buy Twitter for $54.20 per share. On October 27, the purchase was formally concluded.
Elon Musk fired senior Twitter officials right away after the acquisition, including CEO Parag Agrawal, whom he later replaced. He implemented a $7.99 monthly fee for a “blue check,” and let go a sizable chunk of the company’s workforce.
In the run-up to the 2020 presidential election, Musk relaxed content moderation policies and in December, he made private documents about Twitter’s handling of Hunter Biden’s laptop public.
According to the Southern Poverty Law Center, Twitter has confirmed a large number of extremists. Following the acquisition, a study of millions of tweets revealed that hate speech on the site has become “more visible” under Elon Musk’s direction.
For example, Musk introduced a paid blue checkmark, created a “official” label, and prohibited linking to one’s profiles on other social media platforms during the first few weeks of ownership, all of which he swiftly reversed. Several significant disruptions occurred on Twitter while it was under Musk’s direction.
57.5% of the more than 17.5 million votes cast in response to Musk’s December 18 poll on his Twitter account supporting his choice to step down as the CEO of Twitter. As soon as he found someone stupid enough to accept the position, Musk declared that he would step down as CEO.
Elon Musk Open AI Company Business Career
Musk co-founded OpenAI in 2015, a nonprofit artificial intelligence (AI) research organization with the mission of creating artificial general intelligence that is both safe and helpful to humankind. The company’s mission is to democratize superintelligence systems in opposition to corporations and states.
Musk resigned from the OpenAI board in 2018 to avoid potential future conflicts with his position as CEO of Tesla, which was becoming more and more engaged in AI through Tesla Autopilot.
Since then, OpenAI has made major strides in machine learning, creating neural networks like GPT-3 (which produces text that is human-like), and DALL- E (which creates digital images from descriptions in natural language).
How Elon Musk Begun His Company Foundation
The Musk Foundation, whose stated goals are to support research, development, and advocacy (for topics like human space travel, pediatrics, renewable energy, and “safe artificial intelligence”), as well as to support science and engineering educational initiatives, is led by Musk.
Nearly half of the foundation’s $25 million in direct donations to nonprofits from 2002 to 2018 went to Elon Musk’s OpenAI, which was a non-profit at the time.
The charity has given more than 350 times since 2002.
About half went to nonprofits that support scientific study or education. The Wikimedia Foundation, his alma mater University of Pennsylvania, and his sibling Kimbal’s Big Green are notable recipients.
Musk pledged to donate the majority of his wealth to charitable organizations either during his lifetime or in his will when he signed the Giving Pledge in 2012. At the X Prize Foundation, he has given prizes, including $100 million to recognize advances in carbon capture technology.
The Musk Foundation’s website, which Vox noted had only 33 words of plain-text, was “almost entertaining in its simplicity and yet is remarkably opaque,” the publication said. The charity has come under fire for the paltry sum of money donated. Because Musk donated less than 1% of his net wealth, Forbes gave him a philanthropy score of 1 in 2020.
According to regulatory filings, Elon Musk gave away $5.7 billion of Tesla stock to charity in November 2021; however, Bloomberg News reported that all of it went to his own foundation, increasing its assets to $9.4 billion at the end of 2021.
In that year, the charity gave $160 million to charities.
Elon Musk Private Jet
In 2003, Musk declared that an L-39 Albatros was his preferred aircraft. He flies a private jet held by the SpaceX-affiliated Falcon Landing LLC, and in August 2020 he purchased a second aircraft. His extensive use of the jet—it traveled more than 150,000 miles in 2018—and the ensuing use of fossil fuel have drawn condemnation.
ElonJet tracks his flying activity on social media.
After Musk alleged that his son X AE A-XII had been harassed by a stalker as a result of the account posting the airport where his jet had landed, the Twitter version of the account was shut down in December 2022.
Due to this, Elon Musk decided to block the ElonJet account on Twitter as well as the accounts of reporters who had written about the event, such as Donie O’Sullivan, Keith Olbermann, and writers for The New York Times, The Washington Post, CNN, and The Intercept.
The story was compared to doxxing by Elon Musk. According to the authorities, there is no connection between the reported incident and the alleged stalker. Musk subsequently conducted a Twitter poll to determine whether the journalists’ accounts should be restored, with the accounts being restored as a result.
Elon Musk Hotel In Mars
Elon Musk wishes to break records and earn more money. SpaceX is therefore traveling to Mars to examine the planet’s surface. And according to SpaceX, a truly extraordinary holiday will be made possible as early as 2025.
Thanks to Tesla’s President, adventure-seeking travelers will soon have the chance to spend the night on Mars. The hotel price will start at $5 million per night. It’s designed exclusively for the wealthy, but fortunately, employees will be required.
The first hotel on Mars, which will set a world record, will soon be unveiled by Elon Musk, and it will soon be able to accommodate more visitors from Earth. However, these are just rumors at this point, and CDD claims that Musk’s statement of the opening of a space hotel on Mars is untrue.
However, Mars is not entirely hospitable to humans. If the atmosphere of Earth is made up of nitrogen and oxygen, Mars’ atmosphere is made up of carbon dioxide. Furthermore, Earth’s surface is 70% water, compared to Mars’ surface of rock and soil.
Elon Musk Finance
Instead of giving companies subsidies, according to Elon Musk, the US government should impose a carbon tax to discourage bad behavior. In his opinion, the free market would produce the greatest outcome, and making environmentally unfriendly vehicles should have repercussions.
Tesla has benefited from handouts totaling billions of dollars. Additionally, Tesla made significant profits from government-sponsored programs of zero-emissions credits offered in California and at the federal level of the United States, which facilitated the initial consumer adoption of Tesla vehicles.
Government-sponsored tax credits allowed Tesla’s battery electric vehicles to be cost-competitive with other, more affordable internal combustion engine vehicles.
Notably, Tesla receives carbon credits from both the Chinese national carbon trading scheme and the European Union Emissions Trading System that it sells to generate income.
Longtime critic of short-selling Elon Musk has advocated that the practice ought to be outlawed. According to Wired magazine, Elon Musk is opposed to short-selling because they have an incentive to uncover and spread unfavorable information about his businesses. He promoted the GameStop brief squeeze at the beginning of 2021.
In December 2022, Elon Musk sold $3.6 billion of his stock in
Tesla, equal to 22 million shares in the company, despite pledging earlier in the year that he would not sell any additional shares.
Elon Musk Technology
Musk has supported cryptocurrencies over conventional government-issued fiat currencies and has pushed them. Given Musk’s ability to move cryptocurrency markets with his tweets, some people, including analyst Nouriel Roubini, have accused him of manipulating the market with his comments about cryptocurrencies.
Prices of Bitcoin and Dogecoin have risen as a result of Elon Musk’s social media praise. Due to Musk’s social media activity, Tesla’s 2021 statement that it had purchased $1.5 billion worth of Bitcoin raised doubts.
Due to the negative environmental effects of cryptocurrency mining, investors and environmentalists disagreed with Tesla’s statement that it would accept Bitcoin as payment. A few months later, in reaction to the criticism, Musk declared on Twitter that Tesla would stop accepting Bitcoin payments and would stop using Bitcoin until the environmental problems are resolved.
Musk has criticized public transportation and supported individualized transport (private vehicles) despite the Boring Company’s participation in developing mass transit infrastructure.
His comments have been dubbed “elitist” and have drawn a lot of criticism because experts in both transportation and urban planning have pointed out that public transportation in congested urban areas is more affordable, more energy-efficient, and needs a lot less room than private vehicles.
Elon Musk Recognition
In 2018, Elon Musk was chosen as a Member of the Royal Society (FRS). He was awarded an honorary doctorate in engineering and science from Yale University in 2015, as well as an IEEE Honorary Membership.
He received the George Low Transportation Award from the American Academy of Aeronautics and Astronautics in 2008, the Gold Space Medal from the Fédération Aéronautique Internationale in 2010, and the Royal Aeronautical Society Gold Medal in 2012. In 2010, 2013, 2018, and 2021, he was named one of Time magazine’s 100 Most Influential Persons. Elon Musk was chosen as 2021’s “Person of the Year” by Time magazine.
Few people have had more impact than Musk on life on Earth, and possibly on life off Earth as well, according to Time editor-in-chief Edward Felsenthal. Musk was chosen to join the National Institute of Engineering in 2022.
Elon Musk Public Perception
Musk only gained notoriety in the early 2010s, despite the fact that his businesses were important in their respective fields in the 2000s. He is frequently characterized as an eccentric who, in contrast to other billionaires who favor reclusiveness to secure their businesses, makes rash and controversial statements.
Elon Musk was characterized by Vance as becoming extremely divisive due to his “part philosopher, part troll” role on Twitter. He is loved by supporters and despised by detractors.
Elon Musk Media Appearance
Musk was a major source of influence for the Tony Stark character in the Marvel movie Iron Man, along with Steve Jobs and Donald Trump (2008). In the 2010 movie Iron Man 2, Musk made a brief cameo.
In other movies like Machete Kills (2013), Why Him? (2016), and Men in Black: International, Musk has made cameos and appearances (2019).
He has made appearances on several television shows, including The Simpsons (2015’s “The Musk Who Dropped to Earth”), The Platonic Permutation from The Big Bang Theory, 2015 South Park (2016), “Members Only,” One Crew Over the Crewcoo’s Morty (2019), Rick and Morty Young Sheldon’s “A Patch, a Modem, and a Zantac®,” released in 2017. likewise, Saturday Night Live in 2021. He provided interviews for the films Lo and Behold, directed by Werner Herzog, and Chasing Extinction (2015). (2016).
Elon Musk Wealth
In 2002, Musk profited $175.8 million from the sale of PayPal to eBay. With a $2 billion net worth, he was first included on the Forbes Billionaires List in 2012.
Elon Musk’s net wealth was $27 billion at the beginning of the year 2020. His ownership of about 20% of Tesla stock contributed significantly to the $150 billion increase in his net wealth that occurred by year’s end.
Musk’s net wealth was erratic during this time. For instance, it experienced the biggest single-day decline in the Bloomberg Billionaires Index’s annals in September, dropping $16.3 billion.
Musk surpassed Microsoft co-founder Bill Gates to take over the second-richest position in the world a week after passing Facebook co-founder Mark Zuckerberg to become the third-richest individual in the world in November of that year.
With a net worth of $185 billion, Musk surpassed Jeff Bezos, the creator of Amazon, to take the title of richest person in the world in January 2021. The following month, Bezos regained first place.
On December 30, 2022, it was revealed that Musk had lost $200 billion from his net worth as a result of falling Tesla stock prices, making him the first individual in history to suffer such a significant financial loss.
A Forbes projection of $182 billion was used by Guinness World Records in January 2023 to recognize Musk for having suffered the “largest loss of personal fortune in history” as a result of his financial losses since November 2021.
Elon Musk Source Of Income
In November 2020, approximately 75% of Musk’s fortune came from Tesla stock; however, after selling nearly $40 billion in company stock since late 2021, that percentage decreased to about 37% in December 2022.
Tesla does not pay Musk a wage; instead, in 2018, he and the board came to an agreement on a compensation structure that links his personal income to Tesla’s market value and sales. The agreement specified that Musk would only be paid if Tesla attained specific market prices.
It was the biggest agreement of its kind ever made between a Leader and a board of directors. He was qualified to buy 1.69 million Tesla shares (roughly 1% of the company) for $800 million through the first award, which was given in May 2020.
Between 2014 and 2018, Musk paid $455 million in taxes on $1.52 billion in revenue. Musk reportedly didn’t pay any federal income taxes in 2018 according to ProPublica. According to him, his sale of $14 billion value of Tesla stock resulted in an estimated $12 billion tax bill for 2021.
Musk has frequently admitted to being “cash poor” and has “professed to have little interest in the material trappings of riches,”. He promised to sell almost all of his material belongings in May 2020. Musk has defended his riches by claiming that he is stockpiling materials for humanity’s eventual journey into space.
Elon Musk Salary
Elon Musk and his brother founded a software business in 1995 that COMPAQ subsequently acquired. Elon got a total of $22 million from its 7% share after it was sold, and he used $10 million of this sum to make an investment in 1999. He created the financial services provider company X.Com.
Then, a year later, this business joined forces with another business that offered a money transmission service. And now that we are aware of it, PayPal is a well-known business for money transfers. He paid $1.5 billion to purchase eBay in 2002.
Elon Musk Net Worth In 2020
Elon had a $28 billion net wealth as of January 1, 2020. He had a $170 billion net wealth at the end of 2020. When Elon’s net worth reached $80 billion for the first time on July 13, 2020, $65 billion from Tesla and $15 billion from SpaceX contributed.
Elon Musk’s net wealth first crossed the $90 billion mark in August 2020 as a result of two significant events. First, in mid-August, shares of Tesla reached a record high of $1,900.
The company’s market capitalization was $350 billion at that point. Elon owned a 20% share, valued at $70 billion.
The second element was a rise in SpaceX’s valuation, which was formally acknowledged on August 18, 2020. SpaceX’s private valuation rose following the fundraising round from $36 billion to $46 billion. Elon’s 48% stake increases his net value by $22 billion before taxes at a $46 billion valuation.
On November 17, 2020 Elon’s net worth topped $100\sbillion for the first time. He overtook Mark Zuckerberg at that moment and, for the first time, moved up to third place in terms of global wealth.
Elon’s net wealth surpassed $128 billion for the first time on November 24, 2020. He first overtook Bill Gates at that moment to move up to the second-richest position in the world. On that day, his net worth had formally grown by $100 billion since January 1, 2020, and he was $54 billion short of Jeff Bezos’ $184 billion wealth.
Elon Musk Net Worth In 2021
Elon reached a net value of $195 billion on January 7, 2021.
Elon for the first time surpassed Jeff Bezos as the wealthiest man in the world on this day. On January 8, 2021, Elon had a $170 billion beginning value for the week and a $210 billion ending value.
Elon’s net wealth was $300 billion in October 2021, when Tesla’s market cap exceeded $1 trillion and SpaceX was valued at $100 billion. Elon Musk’s net wealth was $335 billion on November 1st, 2021, when Tesla’s market capitalization exceeded $1.2 trillion.
Elon Musk Net Worth In 2022
Elon Musk lost the title of world’s richest individual on December 13, 2022, when Bernard Arnault’s $167 billion net worth surpassed Elon Musk’s $165 billion. Elon had a net worth of $134 billion at the end of 2022, down by a whopping $200 billion from the year before.
Elon Musk Net Worth In 2023
According to Bloomberg world richest people, Forbes billionaires ranking and Wikipedia. Elon Musk net worth is estimated to be around $174.2 billion Dollar in March, 2023. He makes his salary from all his companies. His net worth in Nigeria currency is approximately ₦121.9 Trillion while his net worth in European currency is everything to about €174 Billion Euro.