Elon Musk

Age: 50

Residence: Austin, Texas

Co-founder and CEO: Tesla (TSLA)

Net Worth: $151 billion1

Tesla Ownership Stake: 20% ($125 billion)

Other Assets: Space Exploration Technologies ($29.Eight billion private property) and The Boring Company ($one hundred and one million private assets)15

Elon Musk has had his palms in several exclusive organizations over the years. Originally enrolled at Stanford University, Musk deferred his attendance to launch Zip2, one of the earliest online navigation offerings. A part of the proceeds from this undertaking changed into then reinvested to create X.Com, an internet charge system that later has become PayPal. While both of those systems had been subsequently offered to different agencies, Musk has maintained his fame as CEO and lead clothier of his 1/3 undertaking, Space Exploration Technologies (SpaceX), which targets to make space exploration greater low priced.16

In 2004, Musk has become a prime funder of Tesla Motors (now Tesla), which caused him to be retroactively declared a cofounder and his modern-day role as CEO of the electrical car agency.17 In addition to its line of electric automobiles—which consist of sedans, recreation utility automobiles (SUVs), and the "Cybertruck" introduced in 2019—Tesla additionally produces electricity garage gadgets, automobile add-ons, products, and, through its acquisition of SolarCity in 2016, solar strength structures.1819

Tesla’s inventory fee experienced an astronomical surge, having risen 705% from the beginning of the yr to mid-December.20 It joined the S&P 500 that equal month, the largest organization delivered to this point.21



 Musk is based on greater corporations, Neuralink and The Boring Company, with him serving because of the CEO of the former. Neuralink is developing brain-device interface gadgets to help individuals laid low with paralysis and probably allow users to mentally have interaction with their computers and cell gadgets.22

 The Boring Company, in the meantime, develops uninteresting machines for the motive of drilling tunnels for underground public transportation systems, which might mitigate traffic congestion in primary towns.23 It also (in brief) offered a handheld flamethrower.24