Elon Musk Net Worth | Richest man in the World | Researchers

 Elon Musk Net Worth:

Elon Reeve Musk born June 28, 1971) is a business entrepreneur and investor. He is the creator, CEO, and chief engineer of SpaceX; angel investor, CEO, and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of The Boring Company; co-founder of Neuralink and OpenAI; and president of the charitable Musk Foundation. With a projected net worth of roughly $164 billion as of December 13, 2022, mostly from his ownership shares in Tesla and SpaceX, [4] [5] Musk is the second-wealthiest person in the world according to both the Bloomberg Billionaires Index and Forbes's real-time billionaire's list. [6] [7]

Musk was born in Pretoria, South Africa, and briefly enrolled at the University of Pretoria before coming to Canada at age 18, getting citizenship via his Canadian-born mother. Two years later, he matriculated at Queen's University and moved to the University of Pennsylvania, where he earned bachelor's degrees in economics and physics. He relocated to California in 1995 to attend Stanford University. After two days, he quit college and with his brother Kimbal, co-founded the online city guide software firm Zip2. In 1999, Zip2 was bought by Compaq for $307 million and Musk co-founded X.com, a direct bank. X.com joined with Confinity in 2000 to establish PayPal, which eBay purchased for $1.5 billion in 2002.

With $175.8 million, Musk started SpaceX 2002, a spaceflight services firm. In 2004, he was an early investor in the electric car firm Tesla Motors, Inc. (now Tesla, Inc.) (now Tesla, Inc.). He became its chairman and product architect, taking the post of CEO in 2008. In 2006, he helped build SolarCity, a solar energy firm that was eventually bought by Tesla and became Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit artificial intelligence research business. The following year, he co-founded Neuralink—a neurotechnology firm creating brain–computer interfaces—and The Boring Company, a tunnel construction company. Musk has also envisioned a hyperloop high-speed vactrain transportation system. In 2022, his purchase of Twitter for $44 billion was finalized.

Musk has made provocative views on politics and technology, notably on Twitter, and is a contentious personality. He has been condemned for making unscientific and deceptive claims, including propagating COVID-19 falsehoods. In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for fraudulently claiming that he had secured funds for a private buyout of Tesla. Musk stood down as chairman of Tesla and paid a $20 million fine as part of a settlement deal with the SEC.

Wealth:

Musk gained $175.8 million when PayPal was sold to eBay in 2002. [284] He was initially placed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [285]

At the start of 2020, Musk had a net worth of $27 billion.

[286] By the year's conclusion, his net worth had climbed by $150 billion, primarily driven by his holding of about 20% of Tesla shares. [287] During this era, Musk's net worth was frequently erratic. For example, it plummeted $16.3 billion in September, the most tremendous single-day loss in Bloomberg Billionaires Index's history. [288] In November of that year, Musk overtook Facebook co-founder Mark Zuckerberg to become the third-richest person in the world; a week later he passed Microsoft co-founder Bill Gates to become the second-richest. [289] In January 2021, Musk, with a net worth of $185 billion, overtook Amazon founder Jeff Bezos to become the wealthiest person in the world. [290] Bezos recovered the top place the following month. [291] On September 27, 2021, after Tesla stock rose, Forbes stated that Musk had a net worth of over $200 billion, and was the wealthiest person in the world. [292] In November 2021, Musk became the first person valued at over $300 billion. [293]