Elon Musk is a man who needs no introduction. He is a world-renowned business magnate, investor, engineer, and inventor. Musk is the CEO and co-founder of SpaceX, CEO and product architect of Tesla, Inc., and chairman of Neuralink. He is also a co-founder and former chairman of SolarCity, co-founder of Zip2, and founder of The Boring Company. Elon Musk has revolutionized the automotive and space industries with his innovative ideas and disruptive approach to business. As of 2023, Elon Musk’s net worth is estimated to be over Rs. 15.5 T Crores INR or $173 billion in USD, making him one of the wealthiest people in the world.
Early Career of Elon Musk
Musk’s career began in 1995 when he and his brother, Kimbal, founded Zip2, a company that provided online content publishing software for news organizations. In 1999, the company was acquired by Compaq for nearly $300 million. After the sale of Zip2, Musk co-founded X.com, an online payment company, which later became PayPal, and was bought by eBay for $1.5 billion in 2002.
Musk’s foray into the automotive industry began in 2004 when he became a majority shareholder in Tesla Motors, a company that designs and manufactures electric vehicles, energy storage systems, and solar panel manufacturing. Under Musk’s leadership, Tesla has become a leader in the electric vehicle market and has released several successful models, including the Tesla Roadster, Model S, Model X, and Model 3.
In 2006, Musk co-founded SolarCity, a company that provides solar panel installation and energy management services. In 2016, SolarCity was acquired by Tesla, Inc. for $2.6 billion.
Musk is also the CEO and co-founder of SpaceX, a company that designs and manufactures advanced rockets and spacecraft. SpaceX has made headlines for its successful launches, including the first privately funded liquid-fueled rocket to reach the International Space Station, and for its plans to colonize Mars. In addition to his work in the automotive and aerospace industries, Musk is also the chairman of Neuralink, a company that develops implantable brain–machine interfaces.
Elon Musk Net Worth 2023
elon musk net worth in rupees : Musk’s net worth has grown significantly over the years due to the success of his companies and his ownership stakes in them. As of 2023, Elon Musk’s net worth today is estimated to be over Rs. 15.5 T Crores INR or $173 billion in USD. Musk’s net worth has grown by more than 700% since 2020, when it was estimated at around $24 billion. The incredible growth in Musk’s net worth can be attributed to the incredible success of his companies, Tesla and SpaceX.
Elon Musk Salary and Earning Assets
Musk’s net worth primarily comes from his ownership stakes in the various companies that he has founded or co-founded. He is one of the prominent shareholders of PayPal. A sizeable portion of Elon Musk’s net worth comes from the 13.4% of Tesla shares that he owns. In 2002 he launched SpaceX, of which between stock and options, he owns around 25%. Additionally, he owns the micro-blogging platform Twitter. Musk holds an estimated 73% of the company, in his passive portfolio.
Elon Musk’s Salary
Musk has a relatively modest salary compared to his net worth, primarily due to his belief in investing most of his wealth back into his companies. In 2020, Musk’s total compensation from Tesla was $