Search results
Results From The WOW.Com Content Network
Musk has defended his wealth by saying he is accumulating resources for humanity's outward expansion to space. [12] At the start of 2020, Elon Musk had a net worth of $27 billion. [13] By the end of the year his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock. [14]
Elon Musk began building his fortune by starting the company Zip2. The company was acquired by Compaq in 1999 for $307 million, of which a 27-year-old Musk pocketed $22 million. After he went on ...
How did Elon Musk make his money? ... Elon Musk and his son X Æ A-12 in 2021. Mr Musk, who has 12 children, has called "population collapse" a bigger risk than global warming [Getty Images] ...
Using the money he made from the sale, Musk founded SpaceX, a spaceflight services company, in 2002. In 2004, Musk was an early investor in electric vehicle manufacturer Tesla Motors, Inc. He assumed the position of the company's chairman, and later became the CEO.
In March 1999, [15] Musk co-founded X.com, an online financial services and e-mail payment company with $12 million of the money he made from the Compaq acquisition. [16] X.com was one of the first online banks that was federally insured, and over 200,000 customers joined in its initial months of operation.
Elon Musk made his money differently than most of today’s famous billionaires. Here's how he did it
Musk’s personal wealth gain—$30 billion in one day—was his third-largest single-day increase ever, pushing his fortune to $270.3 billion, and widening the gap between him and the world’s ...
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.