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You may hate him or adore him, but Elon Musk leaves no one indifferent. What is indisputable is that Elon Musk has gone beyond the stereotype of the
You may hate him or adore him, but Elon Musk leaves no one indifferent. What is indisputable is that Elon Musk has gone beyond the stereotype of the unattainable and secretive millionaire and become a major actor on the stage of geopolitical and global economic interests.
After a short period of time when he handed over the title of the world’s richest person to luxury magnate Bernard Arnault, Elon Musk regained this title with even greater momentum and skyrocketed his fortune. $244.7 billionby real time millionaires list Forbes.
There’s no denying that Elon Musk is an unconventional millionaire. He doesn’t flaunt big mansions or luxury yachts. At the beginning of his career, the tech mogul owned several homes in prime areas of Los Angeles. In fact, he bought Gene Wilder’s house and sold it to the actor’s nephew just to preserve his inheritance, but was forced to foreclose on the mortgage due to non-payment.
But the millionaire decided to get rid of them all and go live rent A small prefabricated module of only 35 m2 located on the SpaceX site. There is no record of whether the houses where his children live belong to him, but Elon Musk does not live in these houses. As he explained in a TED talk, he stays at friends’ mansions when he travels to other cities.
He’s also not a fan of the sea, so whenever he’s seen on the deck of a yacht, he’s also seen on the deck of other millionaires, but he doesn’t own a yacht himself.
Elon Musk has two private planes with which he travels between Texas and San Francisco; These are registered to Falcon Landing LLC, a company affiliated with the tycoon’s business network.
Although it is literally true, Elon Musk was not the founder of Tesla The current Tesla would not exist without the initial $6.5 million push that the millionaire put on the table (no matter how much he insists on recognition). In fact, the real founders Martin Eberhard and Marc Tarpenning had never even thought of producing an electric car. The first would be the Roadster, which arrived two years later.
Be that as it may, Elon Musk has held the most responsible position at the head of the company since 2008 and is one of its main shareholders. The millionaire of South African origin has controlled 12 percent to 15 percent of the company’s shares for years.
However, this percentage changed as a result of the controversial approval of the salary bonus, which was challenged by the courts and later approved by a tight vote of shareholders. According to reports Tesla has since filed with the Securities Commission, Elon Musk would control 20.5% of Tesla’s shares when consolidated, which has skyrocketed his wealth, but has had its ups and downs due to the price of his actions. .
In August 2024, Tesla’s capital reached $764.64 billion, which tells us approximately: 63 percent of Elon Musk’s wealth comes from Tesla.
In 2002, with his pockets full of millions from the sale of PayPal, Elon Musk founded a small company devoted to his childhood dream: building rockets to reach Mars. Their dreams come true and the company only gains market share in the space race.
Musk is currently the CEO of SpaceX. Since the company is not traded on the stock exchange, there is no obligation to disclose its results to the public. But, Bloomberg A Public Procurement Offer (OPA) for SpaceX was reported in June 2024, valuing the company at approximately $210 billion. The new offer far exceeds the $180,000 million takeover bid launched at the end of 2023; this was undoubtedly due to the good results of the last launches of the rockets.
According to a study conducted by Wall Street MagazineElon Musk owns approximately 42% of SpaceX’s capital (not shares, as it is not listed on the stock exchange). This means being generous in valuing the takeover bid, 88,200 million more to their assets.
One of the biggest surprises for Elon Musk and SpaceX was Starlink. This project, which started as a small project within SpaceX, was almost a test and eventually became a successful company that brought the company approximately 6.6 billion dollars in profit. Elon Musk controls 54 percent of the company, so the company has become a new source of income for the millionaire.
Without a doubt, X has been the millionaire’s most controversial enthusiasm and probably his least profitable investment.
Musk bought the social network for $44 billion. After a chaotic year filled with changes to how X operates, various disputes with advertisers and investors, and even legal disputes with countries, the company’s main investor predicted:
Again, since X is not a subsidiary company, it does not have to disclose its accounts to the public. Elon Musk is estimated to own approximately 79% of the social network
Due to the millionaire’s heavy use of the social network, X is more of a tool of influence for Musk than an asset to be used to generate economic profit.
Neuralink is probably the most innovative startup in Elon Musk’s portfolio due to the area in which it operates. The company was founded in 2016 by Elon Musk, who is the majority investor. Their goal: To develop brain-computer interfaces through brain implants that achieve good results.
Forced to rely on constant financing, the company faces constant value estimates. Its value was determined to be around 2 billion dollars in 2022. After the last investment round, this valuation tripled to exceed 7,000 million. ReutersAlthough a more conservative assessment would put this at 5,000 million.
In addition to the major companies he has acquired, invested in, or founded throughout his career, Musk creates extensions of each in the form of independent projects. In this context, there is SolarCity, which Musk founded with his two cousins, Lyndon and Peter Rive, to install solar panels and batteries. Over time, Tesla took control of the company and it remained a subsidiary.
While the Boring Company, or xAi, does not currently represent a major source of money for Elon Musk, they are small projects structured as service provider “vehicles” for the rest of Elon Musk’s companies. The Boring Company is responsible for opening the tunnels to traffic for The Loop. Its biggest assets are three drilling rigs: Godot, Line-storm and Prufrock.
For its part, xAi is responsible for developing alternative AI models to OpenAI, which will then form the basis for integrations at X, Tesla, SpaceX, and other companies in the boss’s orbit.
Similarly, Elon Musk has his own private security company, which is not publicly disclosed, but appears in Tesla’s final report as a service provider that bills him $2.4 million a year.
in Xataka | Elon Musk is all in on the US election campaign… spreading Kamala Harris deepfake
Image |Journey (@mana)
Source: Xatak Android
Ashley Johnson is a science writer for “Div Bracket”. With a background in the natural sciences and a passion for exploring the mysteries of the universe, she provides in-depth coverage of the latest scientific developments.
