Elon Musk’s net worth

Elon Musk's net worth: $11.5 Billion

Elon Reeve Musk is an South African-born Canadian-American businessman, Magnate, Investor, Engineer and inventor by his profession. Having the magnificent net worth of increasing $11.5 billion, he serve himself as the founder, CEO and CTO of Spacex, Tesla Motors and Solar City. Musk huge net worth is the outcomes of his mind whereas, he made his fortune with the transaction of Zip2, X.com and Paypal.

Musk’s early days

Born in Pretoria, Transvaal, South Africa to the parents Maye and Errol Musk, he developed the interest of computing and computer language at the age of 10. Being excellent in mind and code, he sold his own created video game named Blastar to a magazine PC and Office Technology at $500. He was only 12 years old at that time. Earing Bachelor of Science degree from University of Pennsylvania, he moved to California to gain PhD in applied physics and materials science at Stanford University.

Zip2, X.com, Paypal and SpaceX

Elon Musk net worth began to take shape when he start to explore, create and invent things. The first big starter came through Zip2 which was created by Elon Musk and his brother Kimbal. The company dealt with Internet “city guide” for the newspaper publishing industry. With the growing fame, Musk later received $22 million for the sale of Zip2 to Compaq.

With such giant money, he invested around $10 million and co-founded X.com in 1999 which later merged with Confinity and later renamed as PayPal. The early idea of X.com was to provide financial services and e-mail Payment Company but at the present time, PayPal is taken as the major gateway of financial matter in the whole word. Later, the company was sold to eBay in US$ 1.5 billion where Musk received US$165 million for his total owned 11.7% PayPal shares.

With the growing fame, brand and fantastic entrepreneurs mind, he co-founded his third company, Space Exploration Technologies Corporation or only SpaceX in 2002. The company main intention is to build spacecraft for commercial space travel. And by the end of 2008, SpaceX was awarded by NASA to handle the cargo transport for International Space Station. In the way to explore next home after earth, Musk founded Musk Foundation which core objective is to explore and discover renewable and clean energy services.

Tesla Motors and other Ventures

The man behind many inventions and intelligent creations, Tesla Motors ins created to produce affordable mass electric cars. The company was founded in 2008 while it has launched several models in the market. Tesla Motors’s Model S was honored as 2013 Car of Year by Motor Trend Magazine. Besides, Tesla, he is into Rocket which became the first private rocket to lift up in the space. In the contrary, he is working on the fastest transportation medium called Hyperloop. Similarly, SolarCity and his philanthropist work simply made him man of the century with hard cash in the bucket.

Elon Musk's personal life and relationship status

The successful entrepreneur and mind of sharp brain has been married twice. She tied his first wedding knot with Canadian author Justine Wilson in the year 2000. The pair knew each other from their Ontario’s Queen’s University days. Growing up together and sharing the wedding bond, the pair have five children with each other. Whereas, their first son died due to Sudden Infant Death Syndrome (SIDS). The married couple separated with divorce in 2008 and in the same year, Musk dated English actress Talulah Riley. The pair got married in 2010, separated in January 2012. To, our surprise, the pair regain each other in 2013 while they again split up in 2016.