Elon Reeve Musk, also recognized as Elon Musk, is one of the richest persons in the world with a net worth of more than $185 billion.
Musk became the CEO of both Tesla and SpaceX, the founder of the Boring Company, and the co-founder of OpenAI and Neuralink during the last five decades, all while focusing on his long-term objective of leaving Earth populating Mars.
But Musk’s journey was not always easy.
He rose from being mistreated and bullied by students in school to be an entrepreneur and, ultimately, the CEO of two large corporations that seem to be right out of sci-fi.
All along the way, he nearly went bankrupt, provoked lawsuits and government investigation, and is now one of the most controversial personalities in the industry.
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What is the Net Worth of Elon Musk in 2021?
| Net Worth in 2021 in USD | $185.7 Billion |
| Net Worth in 2021 in TCr USD | 18.57TCr USD |
| Net Worth in 2021 in Indian rupees | 13.6 Lakh Crores INR |
| Net Worth in 2020 in USD | $68 Billion |
| Net Worth in 2019 in USD | $24.6 Billion |
According to Forbes, Elon Musk’s net worth in 2021 is $185.7 Billion due to a continuing rise in the stock price of his electric-car business Tesla.
He gained more than $117 Billion from his 2020 net worth of $68 Billion.
In Indian currency, Net worth of Elon Musk in 2021 is 13.6 Lakh Crores INR (18,570 crores USD).
Meanwhile, Check out Jeff Bezos net worth in 2021.
Most of Elon Musk’s net worth is mainly based on his shares of Tesla (241 million shares).
He also earned billions because of space rockets, solar batteries, cryptocurrency, and other ventures.
He is the most popular tech innovator of the modern era.
Also, he is an engineer, entrepreneur in technology, industrial designer, and philanthropist.
In reality, Musk is now one of the most talked after (read controversial, if you want) inspirational personalities in the world. Sometimes, I feel he is ahead of time.
Source – Forbes Billionaires
How rich is Elon musk ?
With a fortune of $186 billion, SpaceX and Tesla’s CEO Elon Musk is now the second-richest American.
Even though the United States is in the grip of a historic unemployment crisis, with millions of Americans out of work, Musk has experienced rapid growth, which can be linked in part to the success of technology giants that have grown bigger than ever.
People frequently wonder how much a person’s net worth is who owns all these successful businesses.
Musk is so wealthy that he is really worth more than many big multinational businesses to keep things in context.
His personal wealth exceeds Starbucks’ market capitalization of $121.01 billion.
His net wealth exceeds Citigroup’s market capitalization of 114.65 billion and Wells Fargo’s market capitalization of 113.08 billion.
Musk is not only wealthier than certain big companies, but he is also wealthier than whole nations. Countries such as Ukraine, Kuwait, Sudan, Morocco, and many others all have lower GDPs than Elon Musk’s net worth.
Musk has a net worth more than the GDP of most of the developing nations. Still, it is only a matter of time until Musk is worth more than one of the world’s big economies.
The GDP of New Zealand is about 206.9 billion NZD. So iSo it’s entirely conceivable that he’ll be worth that much by the end of the year.
Will elon musk be the world’s first trillionaire ?
Cathie Wood of Ark Invest Management has predicted that Elon musk will be the world’s first trillionaire by 2025.
Let’s calculate Elon Mask’s Net Worth by the year 2025 (based on Nextbigfuture data) –
Currently, Elon has 241 million shares of Tesla. With CEO compensation bonuses, by the next 4 years, his total count of Tesla Shares will be 253 million.
On Bull Basis prediction, Tesla’s price will be around $4,000 per share.
So total net worth will be $4000 * 253 million = $1.012 trillion !
The projection doesn’t end here. Elon Musk has 80% share of Boring Company, 54% ownership of SpaceX, and 90% share of Neuralink. This will be accumulated into his massive net wealth.
What companies does Elon Musk own?
The net worth of Elon Musk is the sum of all businesses owned by him. So let’s check them all.
Neuralink
Neuralink Corporation Founded by Elon Musk in July 2016 to create an implantable brain-machine interface.
Primarily, the firm intends to use the techniques to aid individuals suffering paralysis in regaining independence via mobile devices and computers for communication purposes.
The firm hopes that the gadgets will allow individuals to communicate via text or voice synthesis, browse the web, or express their thoughts through photography, painting, or writing applications.
OpenAI
Musk co-founded OpenAI, the artificial intelligence research center, in December 2015.
Elon withdrew from its board of directors in February 2018, although he remains one of its most generous contributors.
OpenAI’s goal is to create a computer with artificial intelligence while emphasizing accessibility and safety.
The API enables companies to get direct access to OpenAI’s strong general-purpose text creation AI, developed on billions of words from the internet.
The lab was initially hesitant to release the complete version of the text generating AI since it might be abused.
SpaceX
SpaceX has gained recognition for its reusable rockets, space tourism, and a network of satellites that can offer internet connection on Earth.
Musk established the revolutionary space company in 2002 to decrease space travel costs and ultimately facilitate Mars settlement.
Despite having high goals when it was established, the business has achieved considerable progress in aerospace.
In 2015, the firm launched its first reusable rocket, and in August 2020, it achieved a record sixth time reusing a Falcon 9 first phase booster.
Boring Company
The Boring Company is a construction, architecture, and tunnel building services company based in the United States.
The company has stated that the Hawthorne test tunnel can support Hyperloop R&D.
And, current tunnels are being built to support the eventual transition to Hyperloop-based transportation on longer inter-city routes.
Even though its current and proposed projects are designed for loop intra city transport systems.
Tesla
Tesla, probably Musk’s most well-known venture, is indeed a game-changing electric vehicle manufacturer that may be recognized for popularizing the concept of battery-electric vehicles.
Musk founded the company in July 2003, and by 2005, the firm had unveiled the Roadster prototype and went into production in 2008.
The business now provides a wide variety of electric cars, including an SUV, sports car, and sedan. In addition, it will soon offer an electric semi-truck and pickup truck.
Tesla has moved beyond its primary car industry into renewable energy production and storage ever since its foundation.
SolarCity, another Musk-founded business that marketed solar power systems, was acquired by Musk in 2016.
SolarCity now manufactures its own solar panels and manufactures panels in the form of roof tiles to provide a visually pleasing and practical solution.
Tesla, in addition to solar panels, manufactures battery solutions for consumers to store their energy.
Milestones of Elon Musk’s Prolific Career
The Net Wealth of Elon Musk and his brilliant entrepreneurship may be astonishing to you. But all these weren’t overnight.
Hugh amount of willpower, risk management, struggle, and fight-back scripted this man.
Here are the milestones:
- 1971 – Born in Pretoria, South Africa.
- 1983 – Elon sold Blastar, his first commercial software game.
- 1994 – He started his first company Zip2.
- 1998 – Invested in his cousin’s company Everdream Corporation.
- 1999 – Sold Zip2 to COMPAQ for 341 millions USD in cash and stock selling.
- 1999 – He designed an online payment portal – X.com.
- 2000 – Co-founded Paypal and merged X.com with Paypal.
- 2002 – Sold Paypal to eBay for $1.5 billions. Got 160 millions USD.
- 2002 – Founded SpaceX.
- 2003 – Designed the all-electric Tesla Roadster. Start of a new EV era.
- 2009 – Tesla received 465 million USD investment from the US Department of Energy.
- 2010 – Tesla became public. Listed in NASDAQ.
- 2015 – SpaceX received 1 billion USD funding from Google and Fidelity.
- 2016 – Spacex invested $255 million in SolarCity.
- 2016 – The Boring Company is founded to create hyper loop based transport.
- 2021 – 9th March – Elon’s net worth increased by $25 billion in a single day.
- 2021 – Tesla invested $1.5 billion in Bitcoin.
- 2021 – Elon Musk became the richest person in the world on 14th January. Jeff Bezos reclaimed his no 1 position again on 18th August! Through out the year both of them are in a virtual tug-of-wire for the top place.
Net Worth vs Technology vs Humanity
Though this article is about Elon Musk’s net worth, we can’t ignore his credibility on the technological advancement of mankind.
Elon Musk is among the few self-made billionaires in the world. Yet, he credits his ever-expanding business to his patience, dedication, and love for his job.
However, besides his net worth, Elon Musk has accomplished many remarkable things for humanity and has followed his goal of beginning to take action and stop the destructive things harmful to our Earth by discovering safe, eco-friendly alternatives such as electric vehicles.
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Going from PayPal, I thought: ‘Well, what are some of the other problems that are likely to most affect the future of humanity?’ Not from the perspective, ‘What’s the best way to make money?
Elon Musk
Following Musk’s business model and employing an ecological mentality while doing business and seeking solutions to humanity’s challenges can transform the direction we’re in, which is destroying our planet.
The man who has chosen ‘Mars’ as his death bed has a lot to do for ‘earth’ to make it a better living place.
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