ONLY 21 individuals in the world stand a chance at becoming the world’s first trillionaire – and Elon Musk is at the top of that list.
Since the start of his career, Musk has been able to amass an extensive fortune, and now many want to know how much he’s actually worth and if he is the richest man in the world.
Elon Musk is a billionaireAFP or licensors
What is Elon Musk’s net worth?
Elon Musk has achieved what many dream of – making billions.
As of 2022, his estimated net worth is $215.4billion.
Four years later, in February 1999, Compaq acquired the company for $307million in cash, giving Musk $22million for his seven percent share from the sale.
A notorious workaholic, he doesn’t spend his money on lavish vacations or expensive hobbies.
Instead, the entrepreneur spends most of his free time at the office or in factories.
At the end of the day, he heads back to one of several Los Angeles mansions he owns.
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Musk’s worth also comes from the stock market, which he has helped influence greatly over the years.
It soared beyond $48,000 in February 2021 on the cryptocurrency markets as investors raced to take advantage of an inevitable post-Musk surge.
In 2022, Musk hit headlines once more when he made an audacious attempt to buy Twitter.
On October 4, 2022, Twitter announced that it will accept Elon Musk’s multi-billion dollar offer to buy the company.
Musk previously backed out on the original Twitter deal over a bot dispute.
The billionaire is involved in a legal battle over trying to back out of the previous $44billion deal.
Is Elon Musk the richest person in the world?
With a career as successful as his, it is no surprise that Elon Musk is to date the richest person on the planet.
He currently sits at number one on the Forbes 400 list and at the top of Forbes World’s Billionaires List.
Bezos is now second on the Forbes 400 list and sits second to Musk on the Forbes World’s Billionaires List.
How did Elon Musk make his money?
Musk began investing in space travel in 2001 when he tried to buy Russian ballistic missiles that he hoped could send payloads into space.
Instead, he set out to build his own rockets through his firm SpaceX.
The company has pioneered re-usable rockets and has successfully landed its Falcon 9 craft, a first for an orbital rocket.
Musk also has much grander plans including a colony of a million people living under glass domes on Mars.
Other companies Musk owns includes:
Tesla Motors (2004)
In 2018, Musk was forced to resign as Tesla chairman and pay a $20million fine after settling a deal with US regulators over tweets about taking the company private.
At the time, the US Securities and Exchange Commission said his claims were “false and misleading”.