Elon Reeve Musk FRS is an entrepreneur, investor, and business magnate. He is the founder, CEO, and chief engineer at SpaceX; angel investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and, co-founder of Neuralink and OpenAI.
Elon MuskCEO, Tesla$265.4B
Musk is CEO of publicly traded Tesla, which is the world’s most valuable carmaker, and closely held rocket business SpaceX, which counts the U.S. National Aeronautics and Space Administration as a client.
Musk owns about 16% of Tesla, according to an April 2022 regulatory filing.
He also holds about 92.9 million exercisable options to buy Tesla shares, according to a Bloomberg analysis, which are included at their net value.
SpaceX is valued using an October 2021 funding round that valued the company at $100 billion. A Nov. 15, 2016, filing with the Federal Communications Commission showed Musk owned 54% of the closely held company through a trust. Bloomberg’s analysis assumes that his stake has been diluted to about 47% in subsequent rounds. The value is reduced by 15% to account for typical discounts that shares in unicorns attract on the secondary market.
He also owns about 9% of Twitter, a stake he began to acquire in February 2022. In April 2022, Twitter’s board agreed to support an offer from Musk for the remainder of the company, which needs to be approved by shareholders.
The value of his cash holdings includes proceeds from his insider transactions and is adjusted to reflect taxes, market performance, and charitable giving.
About half of Musk’s Tesla shares were pledged as collateral to secure personal indebtedness, according to the company’s 2021 proxy statement. The maximum loan allowable under this arrangement could be no more than 25% of the value of those shares, according to the filing, and 25% of the pledged shares have been deducted from his holding to account for the credit line. Musk said in December 2019 that some of his SpaceX shares were also pledged, without providing further details. A liability of $5.2 billion is included in the analysis to reflect calculated pledges of SpaceX shares.
His investment in tunneling venture The Boring Co. is valued based on an April 2022 funding round.
Birthdate: 6/28/1971Family: Single, 7 childrenEducation: University of Pennsylvania, Wharton School of the University of Pennsylvania
Born in South Africa to an engineer father and nutritionist mother, Musk left home as a 17-year-old for college in Canada, in part to avoid serving in the apartheid-era South African army. After graduating from the University of Pennsylvania with degrees in physics and economics, he enrolled at Stanford University. He dropped out after his first few days to pursue his three main areas of interest: the Internet, clean energy and space.
He created an online publishing platform called Zip2 in 1995 and sold it four years later for more than $300 million. He reinvested some of the proceeds to start X.com, an online payment system. He would merge that with what eventually became PayPal, the e-commerce site that was ultimately sold to eBay for $1.5 billion in 2002.
His next project: SpaceX, a closely held rocket company that was tapped by NASA to take over space shuttle’s role of resupplying the International Space Station. A year later, he co-founded Tesla, the company that produced the world’s first all-electric, zero-emission sports car in 2010. In the same year the company sold shares in a public offering.
His third company, SolarCity, was a provider of solar power systems. SolarCity sold shares in a public offering in 2012 and was bought by Tesla on Nov. 21, 2016.
Musk, who has said he intends to retire on planet Mars, joined Warren Buffett’s Giving Pledge in April 2012.
Tesla became the world’s most valuable carmaker in July 2020 and further gains led to Musk becoming the world’s richest person in January 2021. He announced in October 2021 that Tesla would move its headquarters from Palo Alto, California to Austin, Texas.
In April 2022 Musk revealed he had purchased a stake in social-media company Twitter Inc. Its board eventually agreed to recommend Musk’s offer to purchase the remainder of the company.
|Education||Bachelor of Arts/Science, University of Pennsylvania|
|Marital Status||In Relationship|
|Source of Wealth||Tesla, SpaceX, Self Made|
facts about elon musk
1.Musk was accepted to a graduate program at Stanford, but deferred attendance to launch his first business, software company Zip2.
2.deferred attendance to launch his first business, software company Zip2.As a kid Musk taught himself to code; he sold his first game, Blastar, for about $500.
3.Musk founded an online financial services company, X.com, which later became PayPal, which specialized in transferring money online. The online auction ebay bought PayPal in 2002 for $1.5 billion.