Connect with us

BIOGRAPHY

How is Elon Musk so rich? How did Elon Musk get rich?

Published

on



How did Elon Musk get rich

How did Elon Musk get rich – Musk founded The Boring Company, which builds tunnels, and Neuralink, a neurotechnology business, in 2016. Both are now worth several hundred million dollars. Those two most recent ventures serve as vivid illustrations of Musk’s entrepreneurial attitude.

How did Elon Musk get rich?

How did Elon Musk get rich

Musk is on the verge of being the richest person on the planet, with a net worth of $300 billion. For instance, earlier this month, Amazon’s founder and former CEO Jeff Bezos became the wealthiest person to ever appear on The Forbes 400 list of America’s wealthiest people, topping the list with an estimated worth of $201 billion.



How is Elon Musk so rich?

When Amazon’s stock peaked in July, Musk’s net worth soared to $212 billion, a whopping $59.3 billion less than it is now. Bill Gates, the founder of Microsoft, briefly reached $100 billion in April 1999, during the height of the dot-com bubble. Today, that amount is just over $165 billion when adjusted for inflation. How did Elon Musk get rich

The richest person in America in 1982, when Forbes began tracking billionaire wealth, was shipping entrepreneur Daniel Ludwig, who was worth $2 billion, or roughly $5.5 billion in today’s currencies.

Musk’s fortune is made up primarily of his 23 percent interest in Tesla (discounted for debt obligations), but he also owns a minority investment in SpaceX, the privately held rocket firm he created in 2002. Following a February investment round, the company was valued at $74 billion by investors.



Click to comment

Leave a Reply

Your email address will not be published.

Trending