Who Is Elon Musk? Discover Tesla Founder Investments, Net Worth And Family
Elon Musk officially completed his $44 billion acquisition of Twitter after renaming himself “Chief Twit” and showing up at the company’s San Francisco headquarters.
With the agreement, Musk now has access to one of the most potent platforms and almost 400 million users’ data. Users noted changes to the site in the first 24 hours of Musk’s Twitter account, including the lifting of shadow bans and the restoration of access to users who had been restricted. His early Twitter investment changed the game for him.
Who is Elon Musk?
As the CEO of both SpaceX and Tesla, two well-known manufacturers of electric vehicles, Musk is a multi billionaire businessman who was born in South Africa. By creating PayPal in 1999, Musk amassed an early fortune. According to a 2002 Time Magazine article, eBay paid $1.5 billion to acquire the business, and Musk profited by $180 million.
Musk established SpaceX shortly after that, a company that collaborates on missions with NASA. The world is being propelled into the future, according to Musk’s admirers, who hail him as a visionary. His long-term plans for SpaceX include colonizing Mars in order to turn humanity into a “multi-planet” species. He is also working on a project to incorporate a computer into the human brain.
However, Musk is almost as well known for his divisive online persona outside of his ambitious projects. He enjoys a following on Twitter, where he engages in political discourse, is open about his business dealings, and is a meme enthusiast. He has run into legal issues as a result of some of his tweets.
Where was Elon Musk born and raised?
He was raised in Pretoria, one of South Africa’s three capital cities. His mother is a South African model who was a finalist for Miss South Africa in 1969 and was born in Canada. Errol Musk, his father, is a professional engineer. His parents split up in 1980.
His early life and education
Elon Reeve Musk, the oldest of three children, was born in Pretoria, South Africa, in 1971. His mother was a Canadian model and nutritionist, and his father was a South African engineer. Following his parents’ 1980 divorce, Musk spent most of his time with his father. Later, he would describe his father as “a terrible human being. He has done almost everything evil you can imagine.”
For Musk, technology turned into a refuge. At age 10, he learned how to programme on a Commodore VIC-20, an early and reasonably priced home computer. Musk quickly attained the necessary skill set to produce Blastar, a video game modeled after Space Invaders. For $500, he offered the game’s BASIC code to a PC magazine.
In one interesting early memory, Musk and his brother wanted to start a video game arcade close to their school. Their parents rejected the scheme.
Important achievements of Elon Musk
At the age of 24, Musk relocated to California to attend Stanford University and work toward a doctorate in applied physics. However, with the growth of Silicon Valley and the internet, Musk had business ideas dancing in his head. After only two days, he dropped out of the PhD programme.
In 1995, Musk founded Zip2, a web software company that assisted newspapers in creating online city guides, with the assistance of his younger brother Kimbal and $15,000 in his bank account. For $341 million, Compaq Computer Corp. purchased Zip2 in 1999. Before the term “fintech” was widely used, Musk founded X.com with the money from the Zip2 buyout. Confinity, a company that specialized in money transfers, and X.com merged to form PayPal. Elon made an early investment in this.
Prior to eBay (EBAY) purchasing the payments company for $1.5 billion, Peter Thiel fired Elon Musk as CEO of PayPal, but Musk still benefited from the acquisition thanks to his 11.7% ownership stake in the company. In a 2018 interview, Musk stated that his PayPal earnings after taxes came to about $180 million. One hundred million dollars of that were invested in SpaceX, seventy million dollars in Tesla, and ten million dollars in SolarCity. I actually had to borrow money to pay my rent.
In 2004, Musk joined the team, along with engineer Martin Eberhard, to help run what was then known as Tesla Motors as an early investor. Musk ended up investing a total of about $6.3 million in the venture. Eberhard was fired in 2007 after a string of disagreements, and a temporary CEO was hired until Musk took over as CEO and product architect. Tesla has grown to be the most valuable automaker in the world under his leadership.
In addition to producing electric vehicles, Tesla has a strong presence in the solar energy space as a result of its acquisition of SolarCity. At the moment, the business makes two rechargeable solar batteries. The larger Powerpack is designed for commercial or electric utility grid use, while the smaller Powerwall was created for home backup power and off-the-grid use.
Musk founded Space Exploration Technologies Corp., better known as SpaceX, with the majority of the money he received from his PayPal investment. Musk claims that he invested $100 million in the establishment of SpaceX in 2002.
Under Musk’s direction, SpaceX won a number of high-profile contracts to design space launch rockets for the U.S. National Aeronautics and Space Administration (NASA) and the U.S. Air Force.In a joint effort with NASA, Musk has made public plans to send an astronaut to Mars by 2025.
Musk, who posts frequently on the platform, revealed in April 2022 that he owned 9.2% of the company. Musk accepted a position on the board of directors of Twitter in response, but he later withdrew his acceptance. The Twitter board was then contacted by Musk, who sent them a bear hug letter offering to buy the company for $54.20 per share.
The board of directors of Twitter adopted a “poison pill” clause to prevent Musk from acquiring an even larger stake in the company, but they ultimately decided to accept his offer after he revealed $46.5 billion in committed financing for the transaction in a securities filing. Musk made an attempt to call off the agreement in July 2022, claiming that Twitter had been unable to provide specific information regarding fake accounts. To compel Musk to complete the transaction, the company sued him.
Elon Musk when asked why he bought Twitter — “My biological neural net concluded it’s important to buy Twitter. If Twitter was not bought and steered in a good direction it would be a danger for the future of civilization. And so that’s why I bought it.”
— Starworld (@starworld7000) December 4, 2022
The billionaire’s plan to purchase the social media site was successful after months of legal wrangling, and Musk assumed control of Twitter on October 28, 2022.
Elon Musk Family and his Controversial Dating History
Elon Musk’s family continues to expand.
The inventor of Tesla has fathered 10 children with three different women in the last 20 years. His most recent child, who was born in 2021, was born in 2002.
The history of Elon Musk’s relationships has been unpredictable.The founder of Twitter and Tesla’s love life, from his marriage to singer Grimes to his romance with actress Amber Heard, has captured the attention of social media. Musk has ten kids and was most recently linked to Natasha Bassett, an Elvis actress.
Examining the past of Musk’s polemic relationships:
Musk’s first wife was Justine Wilson. The couple wed in 2000 after meeting while both were students at Queen’s University. The couple divorced in 2008 after having six children together. The divorce was contentious, and Wilson revealed marital secrets in an essay he published.
Soon after parting ways with Wilson, Musk started dating Talulah Riley, an actress from Pride & Prejudice. 2010 saw their marriage, and 2014 saw their divorce. However, their relationship did not end because of this. Musk and Riley got remarried in 2015 and then divorced once more in 2016. Riley claims that the marriage was a happy one and that she and Musk are still friendly.
Late in 2016, Musk started dating the actress Amber Heard. In 2017, the couple made their relationship known, but they broke up in 2018. The former couple cited timing and distance as the main causes of their split, and Musk admitted in an interview that he was deeply in love with Heard and found the split difficult.
Musk and musician Grimes began dating in May 2018 and made their red carpet debut the following month. The couple briefly separated before getting back together and announcing Grimes’ pregnancy in January 2020. In September 2021, they broke up once more but remained bound to one another. Grimes and Musk revealed in 2022 that they had conceived a second child via surrogate.
In 2021, Musk and Shivon Zilis, a senior executive at Musk’s startup “Neuralink,” had twins. The couple’s relationship was previously unknown to the public; however, their two children recently adopted Musk’s last name.
Natasha Bassett, an Elvis performer, and Musk are allegedly dating right now. In February 2022, Musk and Bassett were first seen together, and according to sources, they were a monogamous couple. They have both been frequently seen together, and Musk and Bassett even attended a showing of Elvis in France together, despite neither of them having officially confirmed their relationship.
Elon Musk’s net worth and other investments
The CEO of Tesla Electric Car Company, Elon Musk, manufactures the components and batteries for these vehicles. Musk also produces solar power equipment. Tesla, owned by Musk, has advanced significantly. More valuable than many automakers, Tesla has a market value of over $600 billion. As of December 2022, Musk had a $228 billion net worth.
Musk held a little over 14% of the business, which was worth more than $100 billion. Additionally, he receives his entire salary from Tesla in the form of company stock, so over time, his ownership is likely to grow.
Elon Musk’s equity firm
Musk founded and continues to run a number of businesses, but SpaceX is by far the biggest. He holds a 44% stake in the space exploration technology firm, which was valued at about $127 billion in a funding round in May 2022.
The majority of Musk’s wealth consists of his stakes in SpaceX and Tesla, which have a combined market value of almost $200 billion. Since the majority of his wealth is invested in his businesses, he frequently refers to himself as being “cash poor.”
Musk owns a majority stake in a number of other privately held start-ups that he either founded or co-founded, in addition to SpaceX. He is the majority owner of the artificial intelligence research company OpenAI, the neurotechnology start-up Neuralink, and the tunnel engineering company The Boring Company, for instance.
Cryptocurrency investments made by Elon Musk
Musk has also acknowledged that he owns Ethereum (ETH) and Bitcoin (CRYPTO:BTC), though he claims that the value of his Bitcoin is much higher than that of his Ethereum or Dogecoin holdings. Additionally, significant amounts of bitcoin are held by Tesla and SpaceX. Despite the fact that we already know Tesla will own about 42,000 bitcoins (worth $1.3 billion in June 2022),
Elon Musk’s lavish home, private jet, and car collection
The real estate holdings of Elon Musk are a work in progress. The richest man in the world recently sold three more homes in California for $41 million after previously being reported as saying he owned no homes.
Bel-air mansions in LA
Elon Musk reportedly owns four Bel-Air mansions in Los Angeles with a combined value of $70 million. 2012 saw the registration of the first under his name. His second acquisition was a 20,428-square-foot, $17 million mansion. Among other amenities, it featured a gym, seven bedrooms, high ceilings, a wine cellar, and a swimming pool.
Then Musk acquired Gene Wilder’s ranch house and turned it into a private school for his children. He described it as “like a little schoolhouse on the prairie, except in Bel-Air on a golf course” in an interview with Vogue.
Interestingly, his shopping binge at the Bel-Air mansion didn’t end there. He also purchased a $24.25 million mansion that was still under construction and a boomerang-shaped house for $3.7 million.
Elon Musk’s Private Jets
Musk claimed to have dozed off at his factory on busy days, either on the couch or the floor of the conference room. On the majority of occasions, though, he chooses to fly home in a private jet.
Gulfstream G550 and G650
Two Gulfstream private planes owned by the billionaire are registered at Falcon Landing, an LLC associated with Tesla and SpaceX. His newest aircraft, a Gulfstream G550, can accommodate 17 passengers but has been converted to a sleeping arrangement. Since he prefers to take the G650 from California to Texas, it is bigger and has more miles.
Elon Musk’s Car Collection
A 1967 Jaguar E-type
Along with driving a variety of Teslas, his posh garage now has its first sublime car in the form of a 1967 Jaguar E-type. Musk has been fixated on the Jaguar ever since seeing one in a book of vintage convertibles.
A McLaren F1
It’s interesting that when you mention Musk’s McLaren, the story about how he crashed it frequently comes up. When he sold PayPal, Elon Musk spent about a million dollars on the car.
In addition to the opulent vehicles, Musk also has a few regular vehicles. In his garage, he has an Audi Q7, a Porsche 911, and a BMW M5.
James Bond’s car
Tesla founder Elon Musk revealed in a tweet a few months prior to the release of Tesla’s Cyber truck that the submarine car from “The Spy Who Loved Me” served as inspiration for the vehicle’s design. It’s interesting to note that Musk also owns the Lotus Esprit submarine car, which he paid $920,000 for at an auction.
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Filed under: News - @ December 12, 2022 1:26 pm