Co-founder and CEO: Tesla
Net worth: $203 billion
Tesla ownership: 15% ($90.6 billion)
Other holdings: Space Exploration Technologies ($46.9 billion private), The Boring Company ($3.33 billion private), Twitter ($16.2 billion public)
Elon Musk was born in South Africa, and after finishing college in Canada, he went to the University of Pennsylvania, where he earned a bachelor’s degree in physics and economics.
Two days after graduating from Stanford with a degree in physics, Musk postponed classes and launched his first online navigation service.
He starts Zip2. X.com was an online payment system that he later sold to eBay (EBAY), which eventually became PayPal Holdings (PYPL). invest again.
In 2004, Musk became a major investor in electric car company Tesla Motors (now Tesla) and served as the company’s chief executive.
In addition to its line of electric vehicles, Tesla also makes energy storage devices, auto parts and solar systems through its 2016 acquisition of SolarCity.
Musk is also the CEO and chief engineer of space rocket development company SpaceX.
In 2020, Tesla’s stock price has risen by 740%, pushing up Musk’s wealth ranking.
In December 2020, Tesla became the largest company in the S&P 500 Index. In January 2021, Musk became the richest man in the world.
He has held the title ever since.
On November 6, 2021, Musk asked the audience (TWTR) in a tweet if they should sell his 10% stake in Tesla.
By the end of 2021, he had sold $16.4 billion worth of stock.
Democratic Sen. Elizabeth Warren of Massachusetts is pushing for a wealth tax, citing media reports that Musk failed to pay his 2018 income taxes.
“Open your eyes for a second and you’ll pay more taxes this year than any American in history,” Musk tweeted.
Musk’s lead on the global wealth rankings continues to widen as rising Tesla shares and private deals lead to a higher public valuation for SpaceX in 2021.
As of November 2021, his net worth is $340 billion.
In April 2022, Musk launched his own campaign to privatize his Twitter account, eventually acquiring it for $44 billion.
Musk plans to raise $21 billion of his own.
Before announcing the acquisition, Musk sold 9.6 million Tesla shares worth about $8.5 billion.
In July 2022, Musk decided to end the acquisition of Twitter.
Twitter sued Musk for foreclosure. Musk fired back at the company, but then reversed course, eventually saying he would buy Twitter.
The deal is expected to close in October 2022, at which point he will own nearly 80% of the company.
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