Elon Musk Net Worth | Biography, Family & Facts (2022)
The Net worth of Elon Musk, also known as Mr. Genius and Technoking has been increasing since the last few years, making him the richest man in the world.
Elon, the world’s wealthiest man and after him is Jeff Bezos & Bernard Arnault, is a soft-spoken man with a super-intelligent brain. Musk once described his own mind as one having a never-ending explosion about new ideas and discoveries, which will benefit the human race.
The man, who has changed the history of transportation on earth, is now on his mission to send mankind to the red planet. The world will always appreciate and admire a person with great success, but not many of us will ever understand the pain these people have gone through. Despite all controversies and criticisms, Elon Musk is a man with great determination who always says, I never quit.
The biography and the net worth of the Technoking of Tesla is something we will talk about in this post. Elon Musk is undoubtedly one of the most genius business Entrepreneurs of the 21st century and the most famous faces on the planet.
Elon Musk Net Worth (2016-2022):
The Net worth of Elon Musk has got a huge spike in just one year and has reached the spot of the third richest man on the planet. From the year 2020-2022, Musk's Net Worth has almost doubled and surpassed Bill Gates and other super-rich Billionaires.
Elon is one of the few people on earn who has revolutionized the history of Transportation on earth and outside the planet too, including Richard Branson. The Billionaire’s fortune has got a boost after the huge success of Tesla Motors (EV), of whom he is the major shareholder.
Here is the List of Elon Musk Net Worth since the last few years according to the Forbes Magazine and other reliable sources;
The Net Worth Elon Musk in 2022:
Net Worth of Elon Musk in 2016 – $11.6 Billion
Net Worth of Elon Musk in 2017 - $20.8 Billion
Net Worth of Elon Musk in 2018 - $19.6 Billion
Net Worth of Elon Musk in 2019 - $19.9 Billion
Net Worth of Elon Musk in 2020- $68 Billion
Net Worth of Elon Musk in 2021 - $162 Billion
Net Worth of Elon Musk in 2022 - $273 Billion
Who is Elon Musk?
Elon Musk is the CEO of Tesla Inc, the founder of the underground tunnel – The Boring Company, founder of SpaceX, Neuralink, and several other companies. He was born in a place called Pretoria in South Africa, on June 28th, 1971 to Maye Musk & Errol Musk.
When he was just 9 years old both his parents divorced and his childhood was not so great. He chose to live with his father, however later he regretted the decision as his father was not a good person. Elon was considered an introverted and awkward kid in his school, was bullied and thrown down a stair and hospitalized.
At the age of 10, Elon started to develop an interest in computers and video games. He got a computer from a company called Commodore and learns programming only through a manual.
When he was 12 he created a code for a video game which he called Blastar. Later on, he sold his Video game programming code for $500 to a company called PC & Office Tech Magazine.
Musk was graduated from Pretoria Boys High School and wanted to avoid the Mandatory Military service in the country. When he was 17 he applied for Canadian Passport through his mother and plans to enter the US from there.
Musk arrived in Canada in the year 1989 and was living in Saskatchewan for a year working in small and odd jobs, and then later he moved to the US. In 1997 Elon Musk got graduated with a BA in Physics and BSc in economics from the University of PA. In the year 1995 Musk decided to step into the internet Boom even leaving his PhD. program with Stanford University CA.
Elon Musk's Family Biography:
The Billionaire's Family has got a lot of people who are also extremely successful in what they do. Like everyone, Musk has also got a lot of support from many of his lovely family members and everyone is proud of what Elon has done and achieved in his life.
Maye Musk – Mother (Born 1948):
Maye Musk Haldeman was born in a place called Regina, in Saskatchewan, who is a twin with 5 Siblings. When she was just 2 her family moved to Pretoria (South Africa) in the year 1950.
Maye is a medical dietician by profession and is a Canadian-African model for the last 52 years. Maye Musk was a finalist in a beauty competition (Miss South Africa), 1969 and also appeared on the front covers of a health edition Time magazine, Vogue, and Women's Day.
In the year 1970 when she was in high school, she met Errol Musk, an Engineer by profession. The couple got married in the same year and had three Children – Elon, Kimbal & Tosca Musk.
However, after 9 years of marriage, the couple got divorced in 1979. Two years later Elon and Kimbal moved with their father. Later they regretted living with him, as they found their father as the worst human being in their life. In 1989 Elon moved the Canada and Maye along with Tosca also moved after 6 months.
Errol Musk – Father (Born 1946):
Errol Graham Musk who is the father of Elon was born in Pretoria is an electro-mechanical engineer, sailor, and pilot. Errol is mostly known as a terrible human being described by his own children and has an estranged relationship with his children.
After separating from his ex-wife Maye, he later marries a widow and had sexual relations with his stepdaughter. He (72 Years old) made several media headlines when he admits having a child with stepdaughter Jana Bezuidenhout (30 Years old).
Kimbal Musk – Brother (Born 1972):
Kimbal Reeve Musk is the younger brother and business partner of Elon Musk, who is a major shareholder in Tesla Inc. Kimbal, is also a South African Born Chef, restaurateur, and famous entrepreneur.
He is also a co-founder of the company Zip2 along with Elon and also an investor in x.com (PayPal). He is also the owner of The Kitchen Restaurant Group, located in Chicago, Colorado, Cleveland, Indianapolis, and Memphis.
Kimbal is also currently a board member with SpaceX and Tesla Inc, including several other companies in the US. He is married to Christiana Wyly, daughter of Sam Wyly a Texas Billionaire, in 2018 and has 3 children.
Tosca Musk – Sister (Born 1974):
Tosca Musk who is the youngest in the Musk family is a South African Filmmaker, Executive Producer, and director. With the help of Musk Entertainment, Tosca Musk directed and produced "Puzzled" her first feature film in 2001. Some of her works include Matchmaker's Playbook by Rachel van Dyken, Web series Tiki Bar TV and Bromberg's Driven.
Lyndon Rive – Cousin (Born 1977):
Lyndon Rive is the co-founder of SolarCity, who was also a CEO until 2016 and is a South African Businessman. Rive was listed as one of the top 35 innovators in the world who was under 35 years of age. Lyndon is a very famous entrepreneur, whose mother is a twin sister with Elon Musk’s mother.
Justine Musk – Ex Wife (M 2000 – D 2008):
Justine Musk is also known as Jennifer Justine Wilson is the first wife of Elon Musk who is a famous Canadian Author. Both the couple married in the year 2000 and had a son in 2002, Nevada who dies when he was just 2 and half months.
Justin and Elon later had twin boys (names - Xavier, Griffin) 2004, along with another Triplet (Saxon, Damian, and Kai) 2006, through In Vitro Fertilization (IVF). In the year 2008, the couple filed a divorce in which Justine mentioned the relationship was unhealthy for her career.
Talulah Riley – Ex-Wife (Married & Divorced Twice):
Talulah Jane Riley, Milburn Born 1985 a beautiful actress from the UK who acted in movies like Pride & Prejudice, Inception, West world – HBO Series. After two years of dating Billionaire Elon Musk, the couple got married in the year 2010.
Later in 2012 the couple filed for a divorce and again in the year 2013 they remarried. Finally, after living separately for six months in 2016, they divorced for the second time in the month of October.
Amber Heard Girlfriend (2016-2018):
Amber Laura Heard (born 1986) is an American Actress who had acted in several small roles in Television and films. The relationship between two love birds, Amber & Elon has been on and off since 2016-2018.
When heard divorce of her ex-husband she mentioned having found her happiness in Elon Musk. Later in the year 2018 both, the love birds broke up and to these days they still care for one another. Elon even had a short-term relationship with Actress Cameron Diaz.
Claire Elise Boucher (Grimes) Born 1988 – (2018- ):
Claire also known as Grimes professionally was born and raised in Vancouver and is a famous Canadian singer, musician, and songwriter. It was a strange meeting for both the couple that happens through Twitter, on a topic about Rococo.
Later in the year 2020, January the 8th Grimes announced she was pregnant with their first baby. On May the 4th she gave birth to a son and they plan to name him X Æ A-12 which was pronounced as (Ex Ash A12). However due to some legal issues in CA the name was changed to X Æ A-Xii.
Companies of Elon Musk:
Elon has founded many companies that have contributed to the benefits of a better environment, manufacturing much higher quality products for greater quality of life. Some of the Hi-Tech companies Musk is responsible for, are;
Zip2:
Zip2 was a company founded in the year 1995 by the Musk brother Elon and Kimbal along with Greg Kouri. This online software was pretty much like the yellow pages, to guide city maps online and later acquired by Compaq Computers in the year 1999, for $307 Million. This is a global link informational network and the software also enables 2-way communications between the users and advertisers.
PayPal (X.com):
In March 1999 Elon Musk along with Christopher Payne, Harris Fricker Greg Kouri & Ed ho founded an online bank called X.com (Paypal). Exactly after 1 year, the company was merged with software company Confinity Inc founded by Peter Thiel, Max Levchin, and Luke Nosek.
After the successful merger, the company was later names PayPal, which allow anyone to send and receive money online through email. In the year 2002, the eCommerce giant eBay bought PayPal for $1.5 Billion, in which Elon Must got $165 Million as his share.
SpaceX:
SpaceX is also known as Space Exploration Tech Corp is a US aerospace manufacturer, communications, and space transportation service. Elon Musk was inspired by an organization called Mars Society in the US and later founded the company in 2002.
One of the greatest desires of Mr. Musk is to colonize the red planet with human civilization and is even criticized by many. SpaceX manufactures the Falcon heavy launch vehicles and Falcon 9 to reduce the cost of space travel. The company also has made several rocket engines, crew spacecraft Dragon cargo, & Star link communications satellites.
Tesla Inc:
Tesla Inc was first founded by two engineers Marc Tarpenning & Martin Eberhard as Tesla Motors in July 2003 to manufacture electric vehicles, for a clean environment. Both entrepreneurs sold their e-Book business for $187 Million and started the company.
The name Tesla was given as a tribute to Nicola Tesla who was a famous inventor and designer of the Modern Alternating current (AC System). The products of Tesla include electric cars, battery energy, solar roof tiles, and solar panels including many other accessories.
Elon Musk enters the company as an early investor and the highest contributor, working as one of the most important parts to build the company. The companies plan was to focus on Lithium batteries and produce high-tech electric cars.
Tesla also made several high-tech products to produce energy in the home of consumers across the country. The first model that comes was a high-performance low volume sports car called The Roadsters.
In 2008 the plans of the company fail and several CEOs came and went, where Tesla was about to go bankrupt. This is when Elon Musk comes as a savior of the company and because of him, Tesla has become the company that is today.
He formed a partnership with the German company called Daimler and raise $40 Million to keep it going and another $465 Million from the govt. In 2010 Tesla raised $226 Million through IPO in the NASDAQ. After the launch of Model X and Model S, along with the Tesla Gigafactory the company has become the most popular car company in the world.
Tesla Energy & Solar City:
The Solar City Corporation was founded by Peter & Lyndon Rive, who are the cousins of Elon Musk, is a publicly-traded company. The company was selling products that convert solar energy to usable energies to both consumers and businesses. The company was started in 2006 and got acquired by Tesla in the year 2016 for $2.6 Billion and changed to Tesla Energy.
OpenAI:
OpenAI was founded by Elon Musk and Sam Altman, with few others, in 2015 is a research laboratory to develop friendly AI that benefits humanity. Musk together with all the board members pledged $1 Billion and later in 2018 he resigned. In the year 2019, the company received an additional $1 Billion investment from Gate’s company Microsoft.
Neuralink:
Neuralink was launched in the year 2017 after purchasing the “Neuralink” trademark from a former owner. The company was started by a group of geniuses who are experts in biochemistry, neuroscience, and robotics.
The founders include Elon Musk, Ben Rapoport, Max Hodak, Paul Merolla, Dongjin Seo, Tim Gardner, Philip Sabes, Vanessa Tolosa & Tim Hanson. The company was funded $158 Million in the year 2019, out of which $100 Million is from Elon.
The company aims in developing implantable chips into the human brain that can read the information via 1500 electrodes. Elon explains this as a fit bit in your skull with small or tiny wires which will allow digital communication, without speaking. This is pretty much like those in science fiction movies and Elon with his team is working hard on this future Sci-Fi Neuralink innovation.
Hyperloop:
Elon Musk together with dozens of engineers from his company SpaceX & Tesla was planning to start a version of the Vac train, in the year 2013. The concept was dubbed from the Hyperloop and the original plan was to provide high-speed transport from the San Francisco Bay Area to Greater Los Angeles Area. With the concept of vacuum track with zero friction, the transportation will be more effective than the bullet trains.
The Boring Company:
The boring company was founded in December 2016 by Entrepreneur Elon Musk after getting stuck in the traffic in LA for a long time. Initially, the company started making the Boring Flame Thrower which cost $500 each to raise funds. The company sold 20,000 flame throwers which raise a whopping $10 Million.
Elon hates traffic and always talks about the new age of transportation which is 3D and uses underground tunnels. In April 2018, Musk announced that The Boring Company has raised $112.5 Million, 90% of which is his own money.
Technoking of Tesla:
The “Technoking of Tesla” title was officially given to Elon Musk by Tesla on March the 15th 2021 and also the title Master of Coin to Zach Kirkhorn. The contribution Musk has towards Tesla is priceless and it’s because of him the company has survived the so-called near-death experience twice.
After the huge success of Tesla, the net worth of Elon Musk has raised tremendously and his popularity too. The name was officially announced and also recognized through the Securities and Exchange Commission, US.
Elon Musk's Companies Net Worth:
Even though Musk has founded several other companies and pioneered many to success, we will see few of these companies here. The Net worth of the companies, which Elon Musk is working hard day and night are just going to the roof. Due to the innovative approach and highly environmental-friendly concept, the companies Net Worth and demands are rising every year.
Tesla Net Worth in 2021:
The EV company which manufactures Hi-Tech environmentally friendly cars was about to die but now it’s worth more than $300 Billion in Net worth. The estimated Net worth is more valuable than most of the top car companies in the world.
SpaceX Net Worth in 2021:
SpaceX that focuses on taking mankind to the planet Mars which is 7 Months journey from the earth is now worth Billions. It was privately funded by Elon Musk and in the year 2021, it’s worth approximately $74 Billion.
13 Facts about Elon Musk that you didn’t know:
Check out some of the most interesting facts about Musk that you might not be aware of. Elon is definitely a genius amongst man and his ideas are also sometimes considered realistic by many haters and critics.
1. Elon Musk was a Genius since childhood:
Elon definitely had a super-intelligent brain that learned a computer through a manual in just 2 days. He created a video game called Blastar at an age of 12 and sold the software for $500.
2. Fear of Darkness:
Elon had a fear of darkness since childhood and overcame that fear through reading books. He realized that darkness was caused due to the absence of a particle called photons in the visible spectrum.
3. Three Official Nationalities:
Elon was born in South Africa and lived there until he was 17 years of age. Later he moves to Canada as her mother was a Canadian Born citizen and later moved to the United States.
4. Elon Loves Reading:
Reading is the daily habit of all the highly successful Entrepreneurs and Business Tycoons. Musk loves reading so much, spends more than 5 hours a day, and hardly spends time on luxurious vacations.
5. Survived with merely $1/day:
Even though Elon comes from a family of good financial status, his college day was completely different. At some point in time, Elon Musk had to survive with cheap Ramen costing pennies, with red pepper.
6. Ph.D. is a Waste of Time:
Elon after completing his graduation was enrolled in Ph.D. at Stanford University. After attending university lectures for 2-3 days he got so bored and left his degree to start his venture as an Entrepreneur.
7. Elon Musk & the Iron Man Movie:
Remember the short clip where Elon Musk Appears in the Iron Man movie, shaking hands with Mr. Tony Stark. The movie was based on the intelligence and realities of Musk as an intelligent human.
8. Musk is an All-In Man:
A man with a burning desire and the strongest determination will always put every he has on the line, to achieve his goals. After the sale of PayPal and with several saving all he had was $180 Million. He put all his money - In SpaceX - $100 Million, $70 M in Tesla, and $10 M in Solar City.
9. 2008 is the Worst Year:
Elon Musk with a Net worth of $162 Billion in 2021, described 2008 as the worst year he ever had. The Divorce, 3 experimental failures with SpaceX, Failure in Tesla, and many others leads him to a possible nervous breakdown.
10. Tesla Salary is $1/Year:
Even though Tesla was founded by two other Engineers, it was Elon who saved the company from death. Elon has mentioned that he will never take money from Tesla until the sales cross a $100 Billion mark
11. Elon Musk Fears the power of AI:
Musk believes that Artificial Intelligence, AI might become the biggest threat to the human race. Even though he himself founded an AI company, he still believes traditional AI is a real danger if not controlled in the right way.
12. Free Internet for the world:
Elon Musk had already requested the US government to put 4425 satellites into space orbit. His goal is to provide free internet for the entire world which will ultimately make him super-wealthy.
13. Elon Musk wants to die on Mars:
The biggest goal of Musk in his life is about space travel and colonization of the Red Planet – Mars, through SpaceX. He had mentioned that he doesn’t want to die on earth but on Mars showing his belief about landing on Mars achieving his ultimate goal in life.
Final Words on Elon Musk Net Worth:
Musk, who started his journey with $500 from the sales of his Video game Blastar, has now become the wealthiest man on the planet. This man is truly a genius and a great example of a human being who had harnessed the power of our human brain. Considering the amount of hard work and determination, The Net Worth of Elon Musk is expected to increase to $500 Billion or even $1 Trillion in the next 10 years or so.