How Elon Musk Achieved a Net Worth of $21 Billion

Elon Musk

We all know him as the brains behind the car brand Tesla, but some believe that Elon Musk is the very person that could lead us all forward into the future. He’s just that type of forward-thinking guy that you want driving the futuristic car. All things aside, Musk is one of the most prominent figures in science and technology these days, and he has shown us time and again that he means business. This type of business is exactly what brings $21 billion to his table—something that many of us can’t even fathom.

There are many ways how Elon Musk achieved that net worth. The truth is for the successful businessman, it all started at the beginning. The South African-born genius bought his first computer when he was only 10 years old and began to teach himself how to code straightaway. While that may be a common thing today, back in 1981, you didn’t normally hear kids express the desire to code, but Musk did. He stuck through with his plan that by the time he was 12 years old, he had sold his first software. This software was Blaster, a simple game that he had created.

He moved to Canada to pursue school, but eventually Musk ended up at the University of Pennsylvania where he took up economics and a second bachelor’s degree in physics. He later on pursued energy physics for his PhD in Stanford but dropped out in order to join in on the Internet boom. This was when he started to really make his big bucks. Musk launched his first company, Zip2 Corporation, an online city guide. By 1999, he found himself in a deal with Compaq to purchase his company for $307 million in cash plus another $34 million in stock options.

That very same year, Musk created X.com, an online financial services company. This X.com company was acquired by yet another company to create what we know as PayPal today. In 2002, eBay acquired PayPal for $1.5 billion worth in stock. But that was just his second company. Musk founded his third company that very same year, 2002. He called in Space Exploration Technologies Corporation or SpaceX. Musk’s intention for building this company was to build spacecrafts that will allow space travel eventually. Six years later in 2008, Musk was able to acquire a NASA contract for SpaceX to handle cargo transport to the International Space Station. As you can imagine, that contract tag was astronomical. Musk owns 54% of this company, which is roughly valued today at $12 billion.

This was then the time when Musk decided that if could build vehicles for space, he could definitely build vehicles for land. Musk co-founded Tesla with the idea of bringing mass-produced and affordable electric cars for the consumer. Musk, while in partnership with a couple of other companies, launched Tesla’s first IPO. The company raised $226 million from that. Musk owns 22% of Tesla, 33 million shares, and 2.1 million options, of which he exercised about 5.5 million worth in options back in 2016.

All of these are besides the other aspects of how he’s earning money. Musk has become a prominent speaker when it comes to certain topics. He’s even become some type of motivational speaker at some point, urging everyone to look farther into the future to determine what we do in our lives now. All those speaking engagements and appearances add to his net worth bit by bit—and he happens to do a whole lot of them each year. Musk also continues to develop new ideas, such as the Hyperloop, in order to keep his momentum going in the field of technology.

It was pure innovation that got Elon Musk to the net worth that he has now—$21 billion. Not everyone has the mental capacity to do what Musk did at such a young age, but Musk is quite the unique person. He’s the ultimate genius of our generation, and it shows in more than just one aspect of his life. He has explored where exploration is needed and created where creation is needed. Musk’s brain is just the type of brain that’s capable of handling $21 billion and possibly maybe even more. The future is for the taking, and Musk is surely at the head of the line.


Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Away
20 Things You Didn’t Know about Away
Steph Korey
10 Things You Didn’t Know about Away CEO Steph Korey
JD Byrider
How JD Byrider Became a Leading Auto Giant
George Carlin
20 George Carlin Quotes That Apply to Business
Pharmaceuticals
Is Denali Therapeutics a Solid Long Term Investment?
New York
How to File For Unemployment in New York
Ollie's Stock
Is Ollie’s Stock a Solid Long Term Investment?
State of Oregon
How to Apply for Unemployment in Oregon
Costa Di Mare
The 20 Most Romantic Restaurants in the United States
Ocean Drive
The 20 Best Things to do in Newport, RI For First Timers
Lake Merritt
The 20 Best Things to Do in Oakland, CA for First Timers
The 20 Best Hotels in Tucson, AZ
2020 Audi Q7 55 side
10 Things You Didn’t Know About the 2020 Audi Q7 55
Gumpert Nathalie EV
10 Things You Didn’t Know About the Gumpert Nathalie EV
Volvo's Polestar
Volvo’s Polestar May Be the Four-Door Electric Car of the Future
2021 Genesis GV80
10 Things You Didn’t Know About the 2021 Genesis GV80
Orrery Tourbillon REF. 2GGBP.U01A
The 10 Best Graham Watches Money Can Buy
Junghans Meister Pilot Chronscope Watch Black Dial Numerals 0273590.00
The 10 Best Junghans Watches Money Can Buy
10 Things You Didn’t Know about Moller Watches
The Iconic No. 1 by TID
The 20 Best Minimalist Watches for Men
Steven Crowder
How Steven Crowder Achieved a Net Worth of $3 Million
Don Lemon
How Don Lemon Achieved A Net Worth Of $10 Million
Sting
How Sting Achieved a Net Worth of $400 Million
Brooke Baldwin
How Brooke Baldwin Achieved a Net Worth of $1.5 Million