Overtaking Bill Gates’ wealth, now Elon Musk has become the second richest person in the world right under Jeff Bezos. One of the most influential sources of his wealth was the soaring shares of the electric vehicle company he founded, Tesla. In addition, Elon Musk is known as an outstanding engineer and entrepreneur. Here are some interesting facts about the source of Elon Musk’s wealth.
1. Zip2 to PayPal
Elon and his brother Kimbal are known to have founded a city tour application called Zip2 in 1995. Then, in 1999, he sold the application to Compaq. From this transaction he earned $ 22 million.
After that, in 1999, Elon founded an online bank under the name X.com. Then in 2000, he joined Confinity.
Finally, in 2002, eBay bought PayPal, formerly known as Confinity, for $ 1.5 billion. Elon earned $ 180 million.
2. SpaceX
Elon founded Space Exploration Technologies or SpaceX with a capital of $ 100 million in 2002. The initial goal of establishing SpaceX was to save on travel costs to the planet Mars.
Now SpaceX’s stock continues to skyrocket, after some time ago it succeeded in sending its crew to the ISS in collaboration with NASA. Elon, who holds a 54% stake in SpaceX, has increased his fortune by an estimated $ 15.3 billion.
3. Tesla
Elon Musk took Martin Eberhard and Marc Tarpenning to establish Tesla Motors in 2003. Now, the share of the electric car company continues to increase. In fact, most recently, the market valuation of Tesla is nearly $ 500 billion.
In addition, he is also the majority shareholder of Tesla with a total of 20.8% which has a value of more than $ 50 billion.
4. SolarCity to Hyperloop
One of the world’s billionaires bought a company in 2016. SolarCity used to be the second largest provider of solar panels in the United States in 2016.
In 2013, Elon also created a joint team from SpaceX and Tesla to create high-speed transportation. high under the name Hyperloop. In addition, he also founded an AI company called OpenAI and a company that integrates the human brain with AI called Neuralik.
5. USD 35 million villa.
Apparently Elon Musk also has a property business. He is known to have a Mediterranean-style villa in 1916 in California. The value of the villa is up to $ 35 million.
In June, Elon sold a villa in Los Angeles for up to $ 29 million. In addition, he also owns four other properties in Los Angeles with a total value of up to $ 40 million.
So, Elon Musk’s total wealth as the world’s second richest person is up to $ 127.9 billion Bloomberg.
Read now: Elon Musk is Now the Second Richest Person in the World, Passing Bill Gates
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