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Sep 30, 2022 · Musk's wealth has ebbed and flowed over the past few years. At his peak, Musk was worth $340 billion, according to the Bloomberg Billionaires Index.
- Associate Managing Editor, Moneywatch
- Aimee Picchi
- 1 min
Mar 13, 2023 · In 2002, eBay purchased PayPal for $1.5 billion, making Musk, you guessed it, a lot of money! He went on to launch space exploration company SpaceX , EV company Tesla, and solar energy company...
- It isn't about the money. This is absolutely central to Elon Musk's attitude to business. When I interviewed him in 2014 he said he didn't know how rich he was.
- Pursue your passions. That Mars base is a clue to what Elon Musk believes is the key to success. "You want things in the future to be better," he told me.
- Don't be afraid to think big. One of the really striking things about Elon Musk's businesses is how audacious they are. He wants to revolutionise the car industry, colonise Mars, build super-fast trains in vacuum tunnels, integrate AI into human brains and upend the solar power and battery industries.
- Be ready to take risks. This one is obvious. You've got to have skin in the game to do well, but Elon Musk has taken more risks than most. By 2002 he had sold off his holdings in his first two ventures, an internet city guide called Zip2 and the online payment company PayPal.
With $100 million of his own money, Musk founded SpaceX in May 2002 and became the company's CEO and Chief Engineer. SpaceX attempted its first launch of the Falcon 1 rocket in 2006.
Mar 1, 2024 · How did Elon Musk make his money? After being accepted to a physics graduate degree programme at Stanford University, Mr Musk quickly dropped out and founded two technology start-ups during the...
May 26, 2023 · According to Forbes, Elon Musk has a net worth of over $187bn, making him one of the richest people on the planet. But his headline-grabbing business practices often see his overall monetary...
Apr 26, 2022 · Mr Musk made an early fortune when he co-founded the online payments company PayPal in 1999. After eBay bought it for $1.5bn in 2002, Mr Musk netted $180m from the deal, according to Time...