Ask your favorite browser, “Who is the richest person in the world?” it will take a few seconds to show the name of — Elon Musk. This American business magnate has lost $50 billion in just two days.
Thus, “Is Elon Musk still a billionaire?” has become a trendy question to Tesla lovers.
Well, Elon Musk is still a billionaire. His $278.9 billion fortune has made him the world’s No. 1 richest person. This rocket-maker earns $36 billion a day! Therefore, Elon Musk doesn’t have to be worried about losing billions or millions!
When did Elon Musk become a billionaire?
In 2012, Elon Musk was first listed as a billionaire. With an estimated net worth of $2 billion, Elon Musk was listed on the Forbes Billionaires List in that year. Later, his net worth figure has ranked him one of the richest persons in the world.
What is Elon Musk’s net worth today?
As of this writing, Elon Musk is blessed with a $278.9 billion net worth.
The prestigious Time magazine has ranked him as the Person of the Year. Musk has made an enormous influence on life on Earth.
Elon Musk’s net worth became high in the last two years. Have a look at Elon Musk’s net worth over time:
| Year | Elon Musk’s net worth |
| March 2017 | $13.9 billion |
| October 2017 | $20.8 billion |
| March 2018 | $19.9 billion |
| October 2018 | $19.6 billion |
| March 2019 | $22.3 billion |
| October 2019 | $19.9 billion |
| April 2020 | $24.6 billion |
| September 2020 | $68 billion |
| April 2021 | $151 billion |
| October 2021 | $190.5 billion |
| December 2021 | $278.9 billion |
The table has shown that Elon Musk’s net worth reached high in the last two years. You must have wondered — “How did Elon Musk make a billion-dollar net worth within a short time?”
How did Elon Musk become a billionaire?
Before going to a vast discussion, have a look at Elon Musk’s holding position:
- Founder, CEO, and Chief Engineer of SpaceX
- Founder of The Boring Company and X.com
- Co-founder of Neuralink, OpenAI, and Zip2
- CEO and product architect of Tesla, Inc.
Elon Musk grossed $165 million in 2002 selling PayPal to eBay. After holding 20% ownership of Tesla, Inc., Elon Musk’s net worth increased by $150 billion.
However, Elon Musk’s rising net worth dropped to $16.3 billion in September 2020. Later, his net worth rose dramatically within a few weeks. In January 2021, Elon Musk ranked as the richest person in the world has an estimated net worth of $185 billion.
Musk surpassed Jeff Bezos who is the founder of Amazon. Elon Musk’s $185 billion net worth increased in September 2021 to $200 billion. In November 2021, he became the first person to reach the $300 billion net worth mark.
Recently, it was reported that Elon Musk has lost $50 billion in two days. Nonetheless, he remains one of the top billionaires in the world.
How much does Elon Musk make?
The CEO of Tesla, Elon Musk makes $36 billion per year!
Elon Musk’s corporate position is well enough to describe his billion dollars net worth. He makes most of his fortune through numerous business ventures. Continue with us to his specific income from these business ventures.
How much does Elon Musk make from Tesla?
A New York Times report featured that Elon Musk made $2.3 billion in 2018 as the CEO of Tesla. He does not take a cash salary or bonus.
Elon Musk holds 20% ownership of Tesla. Recently, the market value of Tesla increased to $1 trillion. Therefore, Elon Musk has made a huge amount of fortune from Tesla.
How much did Elon Musk earn from PayPal?
Elon Musk was the largest shareholder of PayPal. When PayPal was sold to eBay, Elon Musk received over $100 million.
In 2002, PayPal was sold to eBay. Elon Musk owned $11.7% ownership of PayPal. Hence, he received more than $100 million.
How much money does Elon Musk make from SpaceX?
Elon Musk owns 50% ownership of SpaceX. A simple calculation shows that Elon Musk makes $50 billion or more being the half owner of SpaceX.
In SpaceX, Elon Musk owns 54% equity and 78% voting control. Besides, he controls over 9.5k employees in SpaceX.
How rich is Elon Musk?
Elon Musk’s $278.9 billion net worth is equivalent to:
- 3.32% of the total wealth of the 500 richest people in the world
- 1.33% of the GDP of the US
- 70.5% of the 100 U.S. college endorsements
Besides, Elon Musk’s $278.9 billion net worth can buy:
- 153M troy ounce of Gold
- 3.53B barrels of oil
Sources
- https://www.nytimes.com/interactive/2019/business/highest-paid-ceos-2018.html?mtrref=www.businessinsider.com&gwh=C7E7337113EEFF1914F1F91519EEA00E&gwt=regi&assetType=REGIWALL — The New York Times report on Elon Musk’s $2.3 billion grossing from Tesla.
- https://www.forbes.com/profile/elon-musk/?sh=1a4f35507999 — Forbes Report on Elon Musk’s net worth.