0
3 shares

What is Elon Musk Net Worth in 2021  ?

Elon Musk is a Canadian-born American engineer, inventor, entrepreneur, and investor.

He founded Zip2 in his 20’s and sold it to Compaq Computers, Musk achieved more success by founding X.com, SpaceX, and Tesla Motors.

Most people know that Elon Musk’s original success came from the founding of PayPal, which is now considered one of the most popular payment gateways on the Internet.

As of this writing, exactly on January 9, 2021, Elon Musk is the richest man in the world with a net worth of $210 billion.

His fortune came thanks to the rise in shares of Tesla, who owns nearly 20% of Tesla’s outstanding shares, and we also mention that he owns 48% of the privately-owned SpaceX.

Full name: Elon Reeve Musk
Born: June 28, 1971 (age 50)
Citizenship: South Africa (1971–present), Canada (1971–present), United States (2002–present)
Occupation: Entrepreneur, Industrial Designer, Engineer
Net Worth: $210 Billion (2021)

Early life:

Elon-musk-personal-life

Elon Reeve Musk was born on 28 June to a Canadian mother and a South African father in Pretoria, South Africa.

At the age of 10, Elon began to develop himself in succession, so he began to develop his ability to use computers and learn programming languages, creating the first salable program – he designed a game he called Blaster.

Read Also: What Are The best Movies to watch in 2022 ?

 

In 1989, when he was 17, he moved to Canada to attend Queen’s University and escape mandatory military service in the South African army.

Elon Musk left Canada in 1992 to study physics and business administration at the University of Pennsylvania. Indeed, he obtained a degree in economics and then completed his studies to obtain a second bachelor’s degree in physics.

Elon Musk Net Worth:

elon-musk-net-worth

As of 2021, Elon has a net worth of $210 billion, making him the richest man in the world.

At the beginning of the year 2020, Elon Musk net worth was $ 28 billion, and at the end of the year, his net worth exceeded $ 170 billion. At that point, roughly $ 15 billion was attributed to the privately-owned company SpaceX and the remaining $ 55 billion was from Tesla.

Most of his wealth came from Tesla, for example when Elon’s net worth reached $ 80 billion on July 13, $ 15 billion came from SpaceX and $ 65 billion came from Tesla.

Tesla’s total market cap reached $ 350 billion in August. Also, the valuation of SpaceX, which was officially confirmed on August 18, 2020, rose to $ 46 billion. These were two main factors in the rise of Elon Musk’s fortune to more than $ 90 billion.

On November 17, 2020, Elon Musk net worth exceeded $ 100 billion, surpassing Mark Zuckerberg to become the 3rd the richest people in the world.

And in November 24, 2020, Elon net worth exceeded $ 128 billion, beating Bill Gates to rank 2nd in the list of the richest people in the world.

On January 7, 2021, Elon Musk net worth reached $ 195 billion, and thus he defeated Jeff Bezos as the richest person and became the richest people in the world.

On Thursday, January 7, 2021, Elon Musk’s net worth exceeded $ 210 billion, becoming the richest people in the world.

As of 2021, Elon Musk owns 48% of rocket maker SpaceX and 20% of Tesla, and 57 million vested Tesla options.

Elon Musk has reportedly pledged 11 million shares as collateral against his personal liabilities which include around $ 500 million in personal debt and bank loans.

Read Also: What is Nick Cannon Net Worth in 2021 ? [ Detailed ]

He has always mentioned that he is poor and that 99% of all his personal wealth is attributed to shares in Tesla and SpaceX.

Mask has $ 500 million in debt, $ 209 million in debt from Morgan Stanley, and nearly $ 213 million in debt owed to Goldman Sachs.

Roughly 50% of his shares in Tesla were pledged as collateral to Goldman and Morgan Stanley.

According to what we have information, Elon spent all his cash from sales of the business prior to the launch of SpaceX.

Tesla Salary :

What is Elon Musk Net Worth in 2021

In fact, Elon doesn’t get paid as CEO of Tesla, but he has a very unusual and potentially very profitable bonus plan that could be as much as $ 100 billion in stock options over a decade in 12 tranches.

To explain further: He will get the first part once Tesla reaches the market value of $ 100 billion and has maintained that value for six months, and Elon will receive a reward of $ 600 million.

From that point onwards, Elon gets another chip every time the company increases its market cap by $ 50 billion.

Personal life:

Musk married Justine Wilson in 2000. After his divorce, Musk married actress Talulah Riley in 2010, but the couple divorced in 2012 as their separation did not last long and they remarried in 2013, eventually ending their career in 2016. The couple has five children, a twin, and a triplet.

 

Summary:

Elon Musk’s net worth was $ 210 billion in 2021, making him the richest person in the world.

Musk owns 20% in Tesla and 48% in privately owned SpaceX, and they account for the majority of his net worth.

He has substantial debts of $ 500 million to Morgan Stanley and Goldman Sachs, pledging half of his Tesla shares as collateral for that bank debt.

 

Check Also : Jerry Krause Net Worth In 2021


Like it? Share with your friends!

0
3 shares

0 Comments

Leave a Reply