What is Elon Musk's Net Worth?





Elon Musk in the office

Name: Elon Musk

Born: June 28th, 1971

Company: Tesla Motors, Inc. (TSLA)

Position: Chairman, CEO


Elon Musk currently has a net worth of an estimated:

$10,059,218,719




Elon Musk's net worth decreased by $84,157,060 on 9/29/2016


Information:

What do the following companies all have in common?

Paypal
Tesla Motors
Zip2
SolarCity
SpaceX

The answer - all five companies were either founded or co-founded by Elon Musk, who is one of the most interesting (and intelligent) people walking the face of the Earth today.

As a matter of fact, Robert Downey, Jr. based the "Tony Stark" character from Iron Man on Musk, and it's not hard to see why.

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Most people would be happy to retire to a sandy beach after selling their company for hundreds of millions of dollars. Musk's first company, Zip2, was bought by Compaq's Altavista division in 1999 for roughly $340 million. Musk was a phenomenally wealthy man after the acquisition closed, and he could have easily disappeared into a life of comfortable obscurity.

This is not how Elon Musk is wired, however, and he soon co-founded the company that would eventually become Paypal.com. Musk hit the jackpot once again when Ebay acquired Paypal.com for $1.5 billion in July of 2002. Musk's stake in Paypal was valued at $175 million following the Ebay acquisition.

Musk used his growing wealth to start another company, SpaceX. SpaceX is a space transport company that became the first private company to ever send a cargo payload to the International Space Station. Elon has reportedly put $100 million of his own money into SpaceX. Google Inc. and Fidelity Investments, as well as others, recently invested $1 billion into Space Exploration Technologies Corp. These two companies will now have a combined stake of 10%, which gives the company a valuation of roughly $10 billion.

Given Elon Musk’s sizeable stakes in all of the other companies that he has been involved in, it would be safe to say that he has at least a 25% stake in SpaceX. Musk is reportedly mulling over the possibility of taking SpaceX public.

Musk's entrepreneurial activity doesn't stop there.

Elon Musk also co-founded Tesla Motors, which is a "company that designs, manufactures and sells electric cars and electric vehicle powertrain components." Musk, who is Chairman, CEO and Product Architect, currently owns 35,001,294 shares of the company.

Similar to SpaceX, Musk has sunk an incredible amount of money into Tesla Motors. According to Musk, he is not going anywhere, and his "money will be the last out of the company."

In addition to SpaceX and Tesla Motors, Musk is also the chairman of the board of SolarCity and the company's largest shareholder. Musk currently owns 20,681,248 shares of SCTY, which gives him a stake of roughly 28% in the company.

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Musk, who is still in his early 40s, has no plans to stifle his innovative spirit anytime soon.

Musk released full details of his "Hyperloop" creation and invited the world's best and brightest to work on it. Elon Musk is also passionately devoted to the idea of colonizing Mars, as he says that it is essential for the continued survival of the human race.

Think it sounds ridiculous? Do you really want to bet against Musk?

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Elon Musk is not afraid to throw himself (and his wealth) into his companies. Musk's impact on the world has already been massive and he seems to be just getting started.


Photo: Steve Jurvetson



Q: How many shares of Tesla Motors, Inc. does Elon Musk own?

A: 35,001,294


Q: How many shares of SolarCity Corporation does Elon Musk own?

A: 20,681,248


Notes:

Elon Musk is worth 130,132 times more than the median US household

If Elon Musk sold everything that they owned, they could fund the United States' deficit spending for 3.3 days.



Most Recent SEC Filings From Elon Musk

5 - Annual statement of changes in beneficial ownership of securities
Filed: February 16, 2016, 3:45 pm

SC 13D/A [Amend] - General statement of acquisition of beneficial ownership
Filed: February 16, 2016, 1:30 pm

4 - Statement of changes in beneficial ownership of securities
Filed: February 12, 2016, 3:38 pm

SC 13G/A [Amend] - Statement of acquisition of beneficial ownership by individuals
Filed: February 12, 2016, 1:23 pm

4 - Statement of changes in beneficial ownership of securities
Filed: February 10, 2016, 2:20 pm


Recent Updates

2015-01-20 - SpaceX sold a 10% stake in their company to Google and Fidelity Investments for $1 billion.

2014-05-09 - Received 15,213 Shares of Solarcity (SCTY) as part of pro-rata distribution from Draper Fisher Jurvetson Fund X, LP (103 shares) and Valor Equity Partners II LP (15,110 shares)



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Note: Net Worth changes calculated at 4 pm EST daily

The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.