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Elon Musk Net Worth 2022, Career Highlights & Everything We Know

Elon Musk Net Worth

Elon Musk’s net worth is expected to be $79.4 billion in 2022. Elon Musk is a Canadian-American business entrepreneur, investor, engineer, and inventor of South African ancestry.

Musk is the founder, CEO, and CTO of SpaceX; CEO of Tesla Inc.; co-chairman of OpenAI; and creator and CEO of Neuralink.

Most people are aware that Elon’s initial success came from inventing PayPal, which has grown to become one of the most widely used payment processors on the internet.

Elon Musk net worth
Elon Musk net worth

Elon Musk Childhood

Elon Musk was born on 28 June 1971 in Pretoria, South Africa. His mother was a Canadian model, while his father was a South African engineer. Kimbal and Tosca are Musk’s younger siblings.

Elon discovered his affinity for computers when he was just ten years old. He taught himself computer programming at the age of 12 and produced a video game called Blastar, which he sold for roughly $500 to a magazine named PC and Office Technology.

Elon Musk Career

Elon created Zip2.com with his brother Kimbal after dropping out of Stanford University to pursue business.

Zip2 was a web software business that created and sold an Internet “city guide” for newspaper publishers. Contracts with the Chicago Tribune and The New York Times led to the company’s ultimate sale to Compaq for $307 million.

Musk launched X.com, an E-Mail payment startup, with the $22 million he received from the sale of Zip2. When X.com combined with Confinity, this became the infamous PayPal.

PayPal grew to become the world’s largest online payment processor before being bought by eBay for $1.5 billion in shares. Musk was now worth $165 million.

Elon Musk began pursuing his passion for improving and developing the world for the better at this point, investing in Tesla and launching SpaceX and Solar City.

The performance of these three enterprises continues to expand month after month, which explains Musk’s dramatic increase in net worth.

SpaceX is improving space technology and aiming to halve the cost of human travel.

Tesla is committed to resolving the car industry’s fossil fuel dilemma by developing cheap and beautiful electric automobiles.

Solar City is the United States’ second-biggest provider of solar energy systems. Elon Musk’s net worth is expected to be $79.4 billion as of 2020.

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Summary

Elon Musk is a risk-taker. Even after receiving a sizable severance from PayPal, he put nearly all proceeds in companies such as SpaceX and Tesla to make his vision a reality.

Elon Musk’s net worth is projected to be $79.4 billion, and with his present businesses focused on the future, this figure is certain to grow.

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