Elon Musk Age: 50 Residence: TX Co-founder and CEO: Tesla Net Worth: $254 billion Tesla possession Stake: Sixteen temperament issue form ($130 billion) Other Assets: house Exploration Technologies ($46.9 billion private asset), The Boring Company ($3.33 billion private asset), Twitter ($3.0 billion public asset), $11.2 billion in cash.



Elon Musk was born in African nation and attended a university in North yank nation before transferring to the University of Pennsylvania, where he attained bachelor's degrees in physics and scientific discipline. a pair of days once enrolling in Associate in Nursing passing graduate physics program at Stanford University, Musk deferred progressing to launch Zip2, one altogether the earliest on-line navigation services. He reinvested a number of the come from this startup to create X.com, the online payment system that was sold-out to eBay Iraqi National Congress. (EBAY) and ultimately became PayPal Holdings Iraqi National Congress. (PYPL). In 2004, Musk became a major funder of Tesla Motors (now Tesla), that diode to his current position as chief operational officer of the electrical vehicle company. in addition to its line of electrical cars, Tesla in addition produces energy storage devices, automobile accessories, and, through its acquisition of SolarCity in 2016, solar power systems. Musk is in addition chief operational officer and chief engineer of house Exploration Technologies (SpaceX), a developer of house launch rockets. In 2020, Tesla shares soared 740% to propel Musk up the wealth rankings. In New Style calendar month 2020, Tesla joined the S&P 5 hundred, turning into the most important company added. In Jan 2021, Musk became the richest person inside the planet (a title he's command since). In a Nov. 6, 2021 tweet, Musk asked his Twitter audience whether or not or not he need to sell 100% of his Tesla stock, framing the issue as a response to criticism of unsuccessful capital gains as a way of avoiding taxes. He proceeded to sell shares worth $16.4 billion over the remainder of 2021. U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, has cited a media report that Musk paid no tax for 2018 to argue for the adoption of a wealth tax. "And if you opened your eyes for 2 seconds, you'd perceive i will pay a great deal of taxes than any yank in history this year," Musk responded on Twitter. Thanks to the surge in Tesla shares in 2021 and private transactions boosting the reported valuation of SpaceX, Musk's lead inside the planet wealth rankings has continued to grow. His internet worth hit a high of $340 billion in November 2021. In Apr 2022, Musk began a campaign to need Twitter private, that culminated in Associate in Nursing passing $44 billion acquisition. Musk planned to fund the handle $21 billion of his own capital. inside the run up to the acquisition announcement, Musk sold-out 9.6 million shares of Tesla, valued at roughly $8.5 billion.In July 2022, Musk set to back out of the Twitter acquisition. As a result, Twitter filed a due process against Musk to force the acquisition to travel through—then Musk countersued the company.