Elon Musk’s Net Worth in 2023

Elon Musk’s Net Worth is $250 Billion

Turns out you don’t need to venture into space to experience a wild ride. Just join us as we explore the net worth of SpaceX founder Elon Musk, who is currently playing with $250 billion. This man redefines what it means to be insanely rich, having turned billionaire-status into his own epic universe.

Born to a South African man and a Canadian lady, Elon spent his childhood in South Africa. Much of his youth was spent in front of a computer screen—a pastime that paid off when, at just 17, he aced a university-level computer programming test.

He didn’t stop there. Elon combined his tech smarts with a sharp business sense, launching his first startup, Zip2. Since then, his career has been on an upward trajectory. From online banking to space exploration, Elon has pretty much done it all.

NameElon Reeve Musk
ProfessionEntrepreneur, Industrial Designer, and Engineer
Net Worth$250 billion
BirthplacePretoria, South Africa
BirthdayJune 28, 1971 (Cancer)
NationalitySouth African, Canadian, American
Height6 ft 2 in (188 cm)
Relationship statusSingle

From Zip2 to Zero Gravity: The Genesis of Elon Musk’s Illustrious Career

Born in South Africa on June 28, 1971, Elon showed promise from the get-go. He sold his first computer game by the tender age of 12. His time in his native country came to an end in 1988. Thanks to his mother’s Canadian roots, he crossed the Atlantic to seek his fortune.

First stop was Queen’s University in Kingston, Ontario, but he soon transferred to the University of Pennsylvania where he bagged himself two degrees: one in physics and one in economics. He continued to pursue academics in the form of a Ph.D. at Stanford, but he put an end to his school days after 48 hours or so, convinced the internet was the future.

In the early days of the dotcom frenzy, Elon and his brother were quick to spot the next big thing and, in 1995, they kickstarted Zip2, a virtual Yellow Pages that proved extremely useful at a time when the word “google” still referred to a number with loads of zeroes.

Their efforts caught the eye of Compaq, to whom they sold the company in 1999, netting $307 million. Elon would walk away from that deal with $22 million.

Pot of Gold at the End of the Rainbow: Elon’s Earnings from His Primary Career

Flush with cash and raring to go, Musk jumped head-first into his next big project: X.com, an online banking service. Just a year later, X.com would merge with Confinity to become PayPal. Despite a rocky road, Elon hit the jackpot again when eBay bought PayPal for a sweet $1.5 billion.

With PayPal wrapped up, Musk started reaching for the stars, quite literally. The same year saw SpaceX’s birth, founded on Musk’s firm belief that we need to start house-hunting beyond planet Earth if we want human life to continue. And guess what? SpaceX is now a top-dog in the space race, thanks to its budget-friendly (relatively speaking) and reusable rockets. While we don’t have the exact figures for how much SpaceX pours into Musk’s bank account, the company’s 2021 worth was estimated at $74 billion.

Despite having his head in the stars, Musk didn’t forget about his home planet. With a soft spot for electric vehicles, he splashed the cash on Tesla Motors back in 2004. So what if there was some initial backlash against their first Roadster? Tesla’s sitting pretty now as the creator of the world’s top-selling electric car, the Model 3. Tesla blazed a trail in the electric vehicle industry. Their 2010 IPO raked in about $226 million and in just 10 years, the company’s market cap shot up to an unbelievable $600 billion in 2020. And just to sweeten the deal, Musk’s payday from Tesla could total $55 billion if he hits all the company’s financial goals.

Roads Less Traveled: Elon’s Alternative Revenue Streams

In 2006, Musk launched SolarCity with his cousins in an effort to put his cash behind another one of his passions: renewable energy. It did not take long for SolarCity to turn into a household name in residential solar installations across the U.S. A decade later, Tesla bought the company for $2.6 billion, which not only added another stream of cash for Musk, but further painted him as a stronghold in the world of sustainable energy.

And then there’s Neuralink. Co-founded by Musk in 2016, the company deals in brain-machine interfaces, that, if successful, could revolutionize the health-care industry.

Most recently, he has added social media site Twitter to his roster of online possessions. Elon bought the company for $44 billion in October 2022, changed its name to X (a nod to his earlier company of the same name?) and brewed up a storm with his take on blue checkmarks. As the site keeps changing under Elon’s watch, we’re not sure how much he earns from having X a part of his portfolio.

Living Life in the Fast Lane: Elon’s Notable Possessions and Philanthropic Initiatives

Elon Musk has got a portfolio of homes that would make any Hollywood A-lister weak in the knees. On his property hit list? A swanky $17-million mansion in Bel Air that he flipped for $29 million. Then there’s his 16,000-square-foot vintage Mediterranean-style pad, nestled in the hills of San Francisco’s Bay Area – it got snapped up for $35 million in 2020, after he bought it for $23.4 million three years earlier.

Musk’s car game? Bigger than his SpaceX rockets. His garage boasts beasts like a 2012 Porsche 911 Turbo and a 2006 Hamann BMW M5 that spits out 594 bhp. And even the old school rides get some love – he’s got an iconic 1920 Ford Model T parked up alongside his impressive Tesla fleet.

Fancy a sneak peek into Musk’s high-flying style? He’s got four private jets from swanky brands like Gulfstream and Dassault, ready to whisk him away whenever he pleases.

But it’s not all fast cars and luxury jets. Musk’s got a knack for giving back too. In 2023, he generously gifted a mind-blowing $1.95 billion worth of his Tesla shares to charity, and kept mum on the identity of the lucky recipients.

In the Spotlight: Elon’s Personal Life

Elon’s been down the aisle three times. His first wife, Justine, is mom to his first six kids. Sadly, they lost their first baby to SIDS in 2002. Later, they had five more boys via IVF. They parted ways in 2008; Elon wasn’t a bachelor for long.

Musk then said ‘I do’ to British actress Talulah Riley not once, but twice; they were married, divorced, and married again. He also made headlines when he dated Amber Heard—a relationship that played an important part in Amber’s court case with Johnny Depp.

In 2018, Musk began dating Canadian singer Grimes. They had a baby boy with a name that Hooked on Phonics could not decipher: X Æ A-Xii. After they also had a baby girl via surrogate (named Exa Dark Sideræl), Elon fathered twins with Shivon Zilis, who, interesting fact, works at his startup Neuralink.

Standing Trials: Elon’s Controversies and Turmoil

In 2018 Musk went on Twitter and blurted out that he could take Tesla private for $420 a pop. The tweet blew up and messed with the company’s stock price, costing its shareholders around $12 billion.

Fast forward a few years and Elon buys Twitter itself in 2022. What follows is a storm of racist and anti-Semitic tweets that drew the attention of the Anti-Defamation League, which reported a jump in anti-Semitic posts on the social media site.

That same year, Musk also had to deal with sexual harassment allegations. An anonymous friend of a SpaceX flight attendant told Business Insider that Musk had mistreated that employee during a SpaceX flight. Musk wasn’t having any of this, and he shot back at the publication. Still, the scandal didn’t do Tesla’s stock any favors.