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Elon Musk updates his net worth to celebrate his 50th birthday

Elon Musk, CEO of Tesla, founder of SpaceX, and the world’s third richest man, celebrated his 50th birthday this year, and his wealth has risen sharply.

After the White House and the bipartisan senators reached an agreement on an infrastructure bill, Musk’s net worth soared by US$9.9 billion last week, bringing his wealth to US$165.9 billion. Forbes Report.According to a White House fact sheet, The bill includes 15 billion U.S. dollars to build a national network of 500,000 electric car chargers and electrify school buses and buses.

According to reports, as of Tuesday, the wealth of the technology tycoon who has been committed to sending humans to Mars has grown again, and has now reached 169.3 billion US dollars. Exit.

Most of Musk’s net assets come from his shares in Tesla and SpaceX, which account for 20% and 48%, respectively. According to the compensation package he negotiated in 2018, he also holds unrealized gains from vested options worth approximately US$50 billion. Celebrity net worth.

Musk first made a fortune in 1999, when he sold his first company Zip2 to Compaq for $307 million in cash and $34 million in stock options. In the same year, he co-founded, an online financial services/payment company, whose acquisition led to the creation of PayPal. According to data from Celebrity Net Worth, eBay sold Paypal for $1.5 billion in stock in 2002.

The third company Musk founded in 2002 was Space Exploration Technologies (SpaceX). NASA recognized the company’s capabilities and potential in 2008, and cooperated with Musk to transport cargo to the International Space Station (ISS).

Musk then joined Tesla Motors, which was founded in 2003 by Martin Eberhard and Marc Tarpenning and was traced back to the co-founders.

In August 2020, Musk’s net worth exceeded $100 billion for the first time, breaking through the top five of the world’s richest people. Forbes Report.In January, he exceed As Tesla’s stock price soared, Amazon CEO Jeff Bezos became the world’s richest man, but the latter regained his title a month later.

Despite being a billionaire, Musk did not overdo it because of the holidays, because the SpaceX founder spent most of his time working and expanding the company. But he did spend a lot of money on real estate.

In 2012, he bought a bachelor apartment on 1.67 acres of land in the Bel-Air community in Los Angeles for $17 million. Yahoo Finance Report. It is estimated that he owns $70 million worth of residential properties nearby.

After Tesla boss Elon Musk appeared to suggest that his car company has or plans to sell its digital division, the price of Bitcoin fell to a low of nearly three months.
Photo: Swimming Pool / Britta Pedersen

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