Elon Musk $20 billion dollars net worth how to achieve

  • Elon Musk: What we'relooking at over there, that's a quarter section of the Falcon 9. [Narrator] From SpaceX to Tesla, Elon Musk is the face ofsome high-profile companies, and his current net worthis around $20 billion. Where did all this money come from, and where does it all go? Here's how Elon Musk makesand spends his billions. Musk grew up in South Africa and taught himself how to code.
  • At just 12 years old,Musk sold the ASCII text file for his first computer game for $500. Then, at age 24, Elonand his brother, Kimbal, founded Zip2 with $28,000of their father's money. Zip2 provided a searchablebusiness directory, almost like an online version of the Yellow Pages with maps. Four years later, the brotherssold Zip2 for $307 million. 
  • Musk used his $22 million share to cofound theonline-banking service X.com. Via merger, X.com endedup becoming PayPal, with Musk as a majority shareholder. 
  • When eBay purchased PayPal in 2002 for $1.5 billion, Musk made $180 million from the sale. Musk and other PayPal executives like Peter Thiel and Reid Hoffman have become known as the "PayPal Mafia.
  • " They took their gains from the PayPal sale and put them into variousstartups and funds. Their investments and creations include YouTube, LinkedIn, Uber,and countless others that have become major playersin Silicon Valley today.
  •  Following the PayPal sale, Musk founded space-explorationcompany SpaceX. SpaceX's self-describedmission is "to enable humans to become a spacefaring civilization and a multi-planet species by building a self-sustainingcity on Mars." The privately owned company is valued at $33.3 billion, according to CNBC. Musk himself is that the largestindividual shareholder of SpaceX, with a 54% stake. While SpaceX shoots for the stars, Musk is most well-known for a company that's at least a littlebit more down-to-earth. Automaker and energy companyTesla was founded in 2003. 
  • It went public in 2010and beat expectations with a $2.2 billion market cap. Just two years later, Musk made it onto Forbes' richestlist for the first time, with an estimated net worth of $2 billion. Although Tesla helpedbuild Musk's fortune, the longer term of the corporate remains unclear. 
  • In 2018, Musk had topay a $20 million fine and had to step down aschairman for three years after triggering an SEC investigation when he tweeted abouttaking Tesla private. Still, the company's current valuation is $32.8 billion. He technically has a salaryof $56,000, for legal reasons, but doesn't cash the paychecks. 
  • Instead, all of his compensationcomes through awards based on the company's success. And if outer space and ourhighways weren't enough, another Musk ventureis looking underground. 
  • Musk has also founded The Boring Company, an infrastructure andtunnel-construction company that hopes to build underground tunnels with an all-electrictransportation system built in. Musk was inspired to start the company after experiencing thenotoriously bad traffic of LA. 
  • According to Musk, The Boring Company'sfirst commercial tunnel could be finished in LasVegas by the end of 2019. This and other high-profile contracts, like the one withChicago's O'Hare Airport, has estimates for the company's value as high as $16 billion. 
  • With all of those ambitious projects, Musk has amassed a fantastic fortune. Here's how he's knownto spend his billions. Musk currently owns a $70million real-estate portfolio. His properties includeseveral Bel Air estates. His first purchase, a $17 million mansion, includes a two-story library,a home theater, a gym, and a thousand-bottle wine cellar.
  •  And in fact , the Tesla cofounder has an affinity for cars. His car collection includes a $920,000 Lotus Esprit submarine carused in a "James Bond" movie, a Ford Model T, and a JaguarE-Type Series 1 Roadster. 
  • As you can imagine, Muskis a bit of a workaholic, so he's not spending money on vacations. In a 2015 interview, Muskclaimed to only have taken off two separate weeks sincefounding SpaceX in 2002. Instead, tons of Musk's money goes right back to his companies. 
  • The New York Times reported that 90% of the $112 million thatThe Boring Company raised came from Elon Musk. And in 2018, Musk bought quite $35 million worth of shares in Tesla. He has also signed the Giving Pledge, started by Warren Buffettand Bill and Melinda Gates, vowing to donate themajority of his wealth during his lifetime. 
  • Musk has made a number of donations to important causes he cares about, including $10 million tothe Future of Life Institute for regulating artificial intelligence.
  •  Elon Musk has become somewhatof a controversial figure, but his journey to becoming arocket-scientist billionaire remains impressive. And if humanity doesend up living on Mars, it could be thanks to Musk. 

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