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- Tesla CEO Elon Musk, ranked as the world's wealthiest person by both Forbes and the Bloomberg Billionaires Index, last year explained that the secret to his wealth is simple: "I own 20% of a company that became very valuable." Musk, whose wealth is pegged at $240 billion by Bloomberg, hasn't always been at the top of the heap.
www.cbsnews.com/news/elon-musk-net-worth-how-did-elon-musk-get-so-rich/The world's wealthiest person: How did Elon Musk get so rich?
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- It isn't about the money. This is absolutely central to Elon Musk's attitude to business. When I interviewed him in 2014 he said he didn't know how rich he was.
- Pursue your passions. That Mars base is a clue to what Elon Musk believes is the key to success. "You want things in the future to be better," he told me.
- Don't be afraid to think big. One of the really striking things about Elon Musk's businesses is how audacious they are. He wants to revolutionise the car industry, colonise Mars, build super-fast trains in vacuum tunnels, integrate AI into human brains and upend the solar power and battery industries.
- Be ready to take risks. This one is obvious. You've got to have skin in the game to do well, but Elon Musk has taken more risks than most. By 2002 he had sold off his holdings in his first two ventures, an internet city guide called Zip2 and the online payment company PayPal.
- Tesla Stake
- SpaceX Holdings
- Boring Company, Twitter
Although Musk said he doesn't believe in selling his shares, he has sold billions of dollars' worth of Tesla stock in the past year. One reason for offloading stakes in Tesla: a tax bill on stock optionsthat were set to expire in August 2022, with Musk telling Babylon Bee that he "needed to exercise those options no matter what." He also sold more ...
Musk's rocket business SpaceX also contributes to his wealth. SpaceX was worth $125 billion in June 2022, with Musk's ownership at about 44%, according to Bloomberg. That would make his stake worth about $55 billion, although Bloomberg estimates the value at about $47 billion, as it assigns a 15% discount typical of big private tech companies that ...
Another $3.3 billion of Musk's wealth stems from Boring Company, which is a tunnel construction company he founded. Musk also has $3 billion in Twitter stock, according to Bloomberg. He bought about 9% of the businessbefore he made his bid to purchase the company, an effort that has since gone sour and is headed to court. Cash is also a big part of...
- Associate Managing Editor, Moneywatch
- 1 min
Oct 28, 2022 · The infamous CEO, whose tweets move markets and have caused cryptocurrencies to surge and crash, held the title of world’s richest person earlier this year – despite strong competition from other...
Dec 13, 2021 · Elon Musk made his money differently than most of today’s famous billionaires. Here's how he did it
Aug 18, 2020 · BRENDAN SMIALOWSKI. Elon Musk’s net worth soared in 2020, as Tesla’s surging stock price is up by more than 700% since the start of last year. Now, the electric automaker’s CEO has even...
- 1 min
Mar 13, 2023 · By Ruchi Gupta. Mar. 13 2023, Updated 10:42 a.m. ET. Source: Wikimedia Commons. In this article. How did Elon Musk get rich? How many companies does Elon Musk own? Elon Musk’s net worth...
Jan 7, 2021 · Getty Images. Elon Musk has become the world's richest person, as his net worth crossed $185bn (£136bn). The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla's share price...
