By 2022, most of Tesla’s shares are still owned by Elon Musk, among the company’s co-founders and the CEO. Elon Musk is the top individual investor, with a 23.5% stake in the company. At current rates, this is valued at around $145-50 billion, making Elon Musk one of the wealthiest men on earth. In addition, Musk also holds a significant stake in Twitter and SpaceX, which makes him worth anywhere between $180-90 billion.
How did Elon Musk become wealthy? The full business story
Elon Musk, seen as one of the most visionary tech entrepreneurs from the Silicon Valley scene, started his “career” as an entrepreneur at an early age. After selling his first startup, Zip2, in 1999, he made $22 million, which he used to create X.com, which would later become PayPal, and sell for over a billion to eBay (Musk made $180 million from the deal). He founded other companies like Tesla (he didn’t start it but became a leading investor in the early years) and SpaceX. Tesla started as an electric sports car niche player and eventually became a mass-manufacturing electric car maker. In October 2022, Elon Musk finalized the acquisition of Twitter.
Elon Musk started very early, in the software industry. His breakthrough came with PayPal.
As PayPal sold to eBay, that gave Musk the liquidity for his next ventures.
Indeed, in early 2000, Musk would go on to start two major companies.
In the early 2000s, Musk had also created SpaceX.
In the meantime, throughout the years’ Musk also founded The Boring Company.
And by 2022 he acquired Twitter!
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Read Also: Who Is Elon Musk? The Elon Musk’s Story, How Does Elon Musk Make Money, Elon Musk Companies, Bill Gates Companies, Jeff Bezos Companies, Warren Buffett Companies.
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