Elon Musk is one of the world’s most successful entrepreneurs, having amassed a net worth of over $20 billion. But how did he get so rich?
Musk began his career as a software engineer and web developer, co-founding the web software company Zip2 in 1995. He then went on to co-found X.com, an online financial services and payment company, which later merged with Confinity and became PayPal. Musk made a substantial amount of money when PayPal was acquired by eBay in 2002.
With $175.8 million, Musk founded SpaceX in 2002, a spaceflight services company. In 2004, he was an early investor in the electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, assuming the position of CEO in 2008.
Musk has since been instrumental in developing Tesla’s cars, batteries, and solar products. Tesla’s stock has skyrocketed since its initial public offering in 2010, and Musk’s net worth has grown exponentially as a result.
Musk has also invested in other companies, such as SolarCity, Hyperloop, and The Boring Company. He has also invested in artificial intelligence, neuroscience, and other cutting-edge technologies.
In addition to his investments, Musk has also earned money through his salary and stock options at Tesla and SpaceX. He has also earned money through speaking engagements and consulting fees.
Overall, Elon Musk has become one of the world’s wealthiest people through his investments, entrepreneurial ventures, and business acumen. His success is a testament to his hard work and dedication to making the world a better place.