Curious… “What does Elon Musk own?”

Do you wonder about the real-world assets of Elon Musk, aka the richest man in the world?

Then you’ve come to the right place! In the realm of the world’s most influential visionaries, few names resonate as strongly as Elon Musk. 

From electric vehicles to space exploration, underground tunneling companies and social media platforms, Elon Musk has dipped his fingers in more industries than any other entrepreneur alive today!

So what does Elon Musk actually own, given his unfathomable amount of wealth?

In this article, we will delve into the vast realm of Musk’s enterprises, exploring the awe-inspiring companies and groundbreaking projects that have propelled him to the forefront of technological advancement. 

From the iconic Tesla electric vehicles that have revolutionized the automotive industry to SpaceX’s awe-inspiring mission to colonize Mars, we will leave no stone unturned in our quest to uncover the extent of Musk’s expansive empire.

We even answer your most important Elon Musk related questions, including:

  • Why did Elon Musk buy Twitter?
  • Does Elon Musk have Asperger’s?
  • Who is Elon Musk dating right now?

…And much more!

We will delve into everything you need to know about this well-heeled young individual, his businesses, achievements and how he became one of the top 1% despite global economic challenges.

“I’m interested in things that change the world or that affect the future and wondrous, new technology where you see it, and you’re like, ‘Wow, how did that even happen? How is that possible?'” – Elon Musk

So what does Elon Musk actually own? Let’s find out!

Who Is Elon Musk?

Born in Pretoria, South Africa, Elon Reeve Musk is a business magnate and investor known for his ambitious vision of the future. He has made significant strides in industries like electric vehicles with Tesla Inc., space travel with SpaceX, and even brain-computer interfaces with Neuralink.

At an early age, Musk sold his first software – Blastar – at 12 years old, paving the way for his eventual rise to becoming one of the world’s wealthiest individuals. 

Musk famously dropped out of Stanford University to co-found Zip2 Corporation with his brother Kimbel Musk, which they ultimately sold to Compaq corporation for a whopping $307 million in 199!

This marked the beginning of Musk’s meteoric rise in wealth and influence.

The PayPal Revolution

In the year 2000, Elon Musk ignited a revolution in the world of online payments. He founded X.com, an innovative online payment company that would later become known as PayPal. 

The impact of this venture would reshape the way people transact and propel Musk’s journey towards becoming a tech titan.

  • A Groundbreaking Acquisition: In a remarkable turn of events, eBay recognized the potential of PayPal and acquired the company for a staggering $1.5 billion in stock.
  • Setting himself up for success: This monumental deal, completed in 2002, not only solidified Musk’s financial success but also laid the foundation for his future endeavors.

Ambitions Beyond Earth

Elon Musk’s visionary spirit extends far beyond the confines of our planet. 

In 2002, he established Space Exploration Technologies Corp., better known as SpaceX, with a profound mission in mind – to revolutionize space travel and make humanity a multi-planetary species.

  • Aiming for the Stars: Driven by his relentless pursuit of reducing space transportation costs, Musk led SpaceX in developing advanced rocket technology. 
  • The SpaceX breakthrough: Though faced with several setbacks, including three initial launch failures, the breakthrough came in 2008 when SpaceX successfully launched its Falcon 1 into orbit. This historic achievement marked a turning point in the quest for affordable and sustainable space travel.

The Tesla Phenomenon

Elon Musk’s dedication to transforming industries didn’t stop at finance and space exploration. 

In 2008, he took the helm as CEO of Tesla Motors, now known as Tesla Inc., and embarked on a mission to revolutionize the automotive industry itself.

  • High Performance meets Affordability: Under Musk’s leadership, Tesla shifted gears, aiming to produce not only high-performance electric vehicles but also affordable ones.
  • Tesla’s vision for electric vehicles: The Model S, Model 3, and Model X have captured the world’s attention, showcasing the potential of electric cars and challenging the norms of the traditional automotive market.

Elon Musk’s journey is one of relentless ambition and unwavering determination. 

From revolutionizing online payments to pushing the boundaries of space exploration and reshaping the automotive industry, his impact reverberates across multiple domains.

What Does Elon Musk Own?

Elon Musk, the extraordinary entrepreneur and technological genius, boasts an awe-inspiring portfolio of companies, assets, and ventures that exemplify his unwavering commitment to innovation and progress. 

Most of Elon Musk’s incredible net worth is tied up in stock options – particularly Tesla, SpaceX, and Twitter. He also owns a significant stake in other companies including Neuralink, The Boring Company, and more.

“You must have the right ingredients at the right proportion to win.” – Elon Musk

While Elon Musk does own other assets, including a limited number of homes and cars, he recently became a “minimalist” and sold most of his physical belongings to focus more on work and serving humanity.

What Companies Does Elon Musk own?

Elon Musk has started nearly a dozen different companies during his career as an entrepreneur.

While he sold his stake in Zip2 and PayPal in the late 1990s and early 2000’s, he has sense been more of a collector of companies, almost refusing to sell any of his company stocks!

Here is a quick breakdown of some of Elon Musk’s most profitable companies:

  • Tesla: Elon Musk, as the co-founder and CEO of Tesla, plays a pivotal role in the company’s success. As of 2023, Musk remains the largest individual shareholder of Tesla, owning approximately 265.4 million shares, which represents 23.5% of the total shares in the company (equal to $187 billion!).
  • SpaceX: Elon Musk’s passion for space exploration led him to establish SpaceX, a pioneering aerospace manufacturer and space transportation company. Elon Musk owns 42% of SpaceX stock, roughly equal to $53 billion dollars.
  • Neuralink: Musk’s visionary mindset extends beyond Earth. Neuralink aims to develop implantable brain-machine interfaces, pushing the boundaries of neurotechnology and unlocking incredible potential for human-machine collaboration.
  • The Boring Company: Not one to shy away from tackling infrastructure challenges, Musk founded The Boring Company. This innovative tunnel construction firm aims to alleviate urban congestion by creating underground transportation solutions using electric sleds or autonomous vehicles.
  • Twitter: Elon Musk famously bought Twitter, the social media platform, for $44 billion in October 2022. According to Investopedia, Elon Musk owns approximately 79% of Twitter, an investment that is now worth approximately $32 billion today.

Elon Musk attributes most of his net worth to Tesla, which adds up to a whopping $187 billion in 2023! 

His other companies including SpaceX, Twitter, and more make up the remaining $50 billion or so of Elon Musk’s vast $237 billion net worth.

Assets:

The truth is Elon Musk doesn’t have many assets beyond his ownership stake in various companies. 

While he still owns some homes and cars, they pale in comparison to his ownership stake in different companies.

  • Homes: Among his notable properties, Elon Musk owns a lavish mansion in Bel Air, California, and an amusing $50,000 home in Austin, Texas. This quirky abode showcases Musk’s playful side and serves as a testament to his unique sense of humor.
  • Cars: With a fondness for electric vehicles, Musk possesses an extraordinary collection of cars. Notably, his personal Tesla Roadster became famous when it was launched into space aboard SpaceX’s Falcon Heavy rocket.
  • Other Ventures: Musk has also made investments in various ventures, including companies like PayPal (formerly known as X.com) and DeepMind Technologies (now part of Alphabet Inc.).

Elon Musk is a true minimalist, preferring to live with few physical possessions so he can stay maximally focused on his work. 

It’s hard to argue with results, although I get the feeling most people would want to “live a little more” if they were worth a few billion dollars!

Elon Musk Net Worth – World’s First Trillionaire?

In recent years, Elon Musk has experienced a significant increase in his net worth, largely due to the exceptional performance of his companies during the pandemic.

As of 2023, Elon Musk’s net worth has reached a jaw-dropping $234 billion dollars.

This makes him the #1 richest man in the world today, with the possible exception of other world leaders around the globe (who are perhaps concealing their true wealth).

Tesla – The Secret Behind Elon Musk’s Net Worth Surge

Tesla shares skyrocketed over 700% in 2023 alone, making it one of the most valuable car manufacturers globally. As the CEO and majority shareholder, Elon benefited immensely from this remarkable growth.

  • “The first step is to establish that something is possible; then probability will occur.” – Elon Musk

Musk is also the owner of SpaceX, which saw its valuation double to $74 billion during the pandemic. The company made significant advancements with its Starship spacecraft and Falcon rockets, while securing lucrative contracts for satellite launches and space missions.

This combination of success led to an exponential rise in Musk’s wealth, leading some analysts to predict that he could become the world’s first trillionaire within a few years if these trends continue.

Musk’s Wealth Compared To Other Billionaires

For comparison, Musk’s wealth increased by $160 billion between March 2020 and February 2021 – more than any other billionaire on Bloomberg’s Billionaires Index – while Jeff Bezos and Bill Gates saw comparatively smaller increases. 

  1. Elon Musk – $234 Billion
  2. Bernard Arnault – $218.17 Billion
  3. Jeff Bezos – $162.1 Billion

While Elon Musk’s net worth is constantly in flux, he has currently reclaimed the title as the richest man alive!

Potential Challenges Ahead

It should be noted that becoming a trillionaire won’t be a smooth sailing journey for Elon. His fortunes are closely tied to the performances of his companies, which means market volatility can significantly impact them.

A drop in Tesla or SpaceX stocks would directly affect his net worth, potentially delaying his journey towards reaching that coveted trillion-dollar mark anytime soon.

The Impact Of Future Ventures On His Wealth

Beyond Tesla and SpaceX, Elon has several ambitious projects lined up, such as Neuralink (brain-machine interface), Boring Company (tunnel digging), and SolarCity (solar energy). 

These ventures have potential future revenue streams that could contribute to further increasing his overall net worth.

If successful, “Mars colonization”, another dream project by Elon, might open up unprecedented opportunities not just for him but for humanity at large!

Elon Musk Net Worth By Year

Elon Musk, the visionary entrepreneur and technological trailblazer, has achieved remarkable success throughout his career, resulting in an impressive net worth that has seen significant fluctuations over the years. 

Let’s take a closer look at Elon Musk’s net worth, year by year:

  • 2014 = $8.4 Billion
  • 2015 = $12.1 Billion
  • 2016 = $10.7 Billion
  • 2017 = $13.9 Billion
  • 2018 = $19.9 Billion
  • 2019 = $22.3 Billion
  • 2020 = $24.4 Billion
  • 2021 = $151 Billion
  • 2022 = $219 Billion
  • 2023 = $234 Billion

As you can see, Elon Musk’s net worth exploded between 2020 – 2023. 

This is primarily due to Tesla stock exploding during this timeframe, although all of his companies have also fared extremely well during this period of time.

A Look Ahead: What Does The Future Hold For Elon?

If current trends continue unabated, some predict that Elon could become the world’s first trillionaire within this decade

With ambitious projects like Starlink (his satellite internet venture) and Neuralink (aiming to merge human brains with AI), there are plenty more opportunities for wealth creation ahead for this visionary innovator.

How Did Elon Musk Get So Rich During The Pandemic?

As the CEO of multiple companies, Elon Musk’s annual earnings are a topic of great interest. His wealth has seen significant growth, especially during the pandemic.

Musk does not receive a traditional salary from his companies; instead, he is compensated through an elaborate and ambitious payment plan.

Earnings From Tesla

Musk’s primary source of income is his position as CEO at Tesla. In 2018, shareholders approved a payment package that could potentially make him the world’s richest person.

This compensation plan doesn’t pay him in cash but awards him stock options based on specific market capitalization milestones and operational targets. 

The agreement stipulates that if these goals aren’t met within ten years, he gets nothing.

Earnings From SpaceX

Musk also earns money from SpaceX, where he serves as both CEO and CTO. 

However, much like with Tesla, most of his remuneration here is tied to company performance rather than being paid out in regular wages or bonuses.

Pandemic Impact On Earnings

In 2023, when many were struggling financially due to the COVID-19 pandemic’s effects on businesses worldwide, Musk saw an exponential increase in his net worth. 

The value of Tesla shares skyrocketed during the pandemic, jumping by more than seven-hundred percent.

Tesla Stock Surge During Pandemic

The surge was driven by several factors, including strong sales figures despite global economic downturns caused by lockdowns and quarantine measures across various countries. 

Tesla’s profitability streak, its inclusion into the S&P 500 index, along with growing investor confidence, played key roles too.

Cryptocurrency Investments Boosted Wealth Further

Beyond stocks, Musk invested heavily in cryptocurrencies such as Bitcoin during this time, further boosting his wealth when their values soared dramatically throughout 2023.

It’s clear that Elon Musk’s unique approach towards earning money differs significantly from other billionaires’, making it difficult to pin down exactly how much he makes each year. 

But one thing remains certain: With every successful venture or investment move made – whether it be launching rockets into space or betting big on digital currencies – his fortune continues to grow exponentially.

How Much Money Does Elon Musk Make A Year?

Elon Musk, the innovative CEO of SpaceX and Tesla, has seen a remarkable increase in his wealth over the past year due to an explosive surge in Tesla’s stock price. 

This surge is primarily due to the meteoric rise in Tesla’s stock price.

The question on everyone’s mind: How much money does Elon Musk make a year?

To comprehend this, we must delve into the way he earns his money.

Musk doesn’t take a regular salary from any of his companies. Instead, he receives compensation through performance-based awards that are tied to company milestones. These can include things like revenue targets or product launches.

If we use his net worth appreciation over the past 5 years as a baseline, we arrive at the following numbers for how fast Elon Musk makes money:

  • Per Year: $42.82 Billion
  • Per Month: $3.57 Billion
  • Per Week: $832.58 Million
  • Per Day: $118.94 Million
  • Per Hour: $4.96 Million
  • Per Minute: $82,600
  • Per Second: $1,376

Elon Musk makes $42.82 billion per year, $118.94 million per day, or $1,376 per second. Talk about some insane numbers!

Elon Musk’s Family Life

Born in Pretoria, South Africa, Elon Musk is the son of Maye Musk, a model and dietitian from Canada, and Errol Musk, a South African electromechanical engineer. 

He has two younger siblings: Kimbal and Tosca.

Musk was married to Canadian author Justine Wilson from 2000 until their divorce in 2008. They share custody of five sons together.

In 2010, he married English actress Talulah Riley, but they divorced in 2016. Elon then began dating musician Claire Boucher (known professionally as Grimes), with whom he shares one son named X Æ A-12.

The Impact of Family on His Success

Musk’s family members have played significant roles in his journey to success. 

His brother Kimbal sits on the board at Tesla, while his sister Tosca runs her own streaming service called Passionflix.

Raising Future Innovators

Musk’s approach to parenting also mirrors his innovative mindset – for instance, he started an unconventional school for his children known as Ad Astra, which focuses more on problem-solving than traditional education methods.

Finding Balance Between Work And Family Life

Finding balance between work and family life can be challenging, especially when you’re running multiple billion-dollar companies like SpaceX or Tesla. 

Despite his busy schedule, Elon still manages to make time for his family by weaving them into his everyday life; from having dinner together every night to taking them along on business trips whenever it is feasible.

A Source Of Inspiration And Motivation

Much like many successful entrepreneurs out there, “family” plays a crucial role not just personally but professionally too – serving both as a source of inspiration and motivation throughout their entrepreneurial journey.

Elon Musk’s Greatest Achievements

Elon Musk, a visionary entrepreneur and innovator, has achieved remarkable milestones that have reshaped industries and inspired generations. 

Here are some of his greatest achievements:

  • Tesla’s Electric Vehicle Revolution: Musk’s leadership propelled Tesla to revolutionize the electric vehicle market, offering sleek models like the Model S, Model 3, Model X, and Model Y, combining style, performance, and long-range capabilities.
  • SpaceX and Reusable Rockets: SpaceX became the first privately-funded organization to successfully launch and recover reusable rockets, reducing the cost of space travel and enabling ambitious missions to the International Space Station.
  • The Boring Company and Tunnel Innovation: Musk’s audacious venture aims to transform tunnel construction and urban transportation by developing efficient tunnel systems and introducing innovative technologies.
  • Neuralink’s Brain-Machine Interfaces: Musk’s Neuralink project pushes the boundaries of neurotechnology, focusing on implantable brain-machine interfaces to enhance human cognition and forge new paths in medical treatments.
  • SolarCity’s Clean Energy Solutions: Musk’s involvement in SolarCity, now integrated into Tesla, brought affordable and accessible solar energy solutions to residential and commercial customers.

Elon Musk’s achievements exemplify his dedication to pushing boundaries, revolutionizing industries, and shaping a better future for humanity.

This captures his approach of pushing boundaries and taking calculated risks to achieve the seemingly impossible.

Elon Musk’s quotes not only inspire us to think differently but also provide insight into his own mindset and approach. They serve as a testament to his remarkable achievements and the impact he continues to make in various industries.

Elon Musk Famous Quotes

  1. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
  2. “Life is too short for long-term grudges.” – Elon Musk
  3. “Persistence is very important. You should not give up unless you are forced to give up.” – Elon Musk
  4. “It’s OK to have your eggs in one basket as long as you control what happens to that basket.” – Elon Musk
  5. “If you’re co-founder or CEO, you have to do all kinds of tasks you might not want to do.” – Elon Musk
  6. “I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.” – Elon Musk
  7. “Some people don’t like change, but you need to embrace change if the alternative is disaster.” – Elon Musk
  8. “Great companies are built on great products.” – Elon Musk
  9. “The first step is to establish that something is possible; then probability will occur.” – Elon Musk
  10. “I think it’s possible for ordinary people to choose to be extraordinary.” – Elon Musk
  11. “There’s a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.” – Elon Musk
  12. “Don’t confuse education with schooling. I didn’t go to Harvard, but people who work for me did.” – Elon Musk

Elon Musk Frequently Asked Questions

1. What Company Does Elon Musk Own?

Elon Musk owns several companies, including SpaceX, Tesla, The Boring Company, Neuralink, OpenAI, and Twitter, among others.

2. What Made Elon Musk Rich?

Elon Musk became rich primarily through his success as an entrepreneur and his ownership in companies like Tesla and SpaceX, which have experienced significant growth and value over the years.

3. What Is Elon Musk’s IQ?

Elon Musk’s IQ is estimated to be approximately 155, which is extraordinarily high and among the highest in the world.

4. Who Is The No 1 Richest Man In The World?

Elon Musk is currently the richest man in the world with an astonishing net worth of $234 billion dollars. 

He recently blew past Jeff Bezos and Bernard Arnault, who were higher up in the rankings earlier in 2023.

5. How Much Money Did Elon Musk Start With?

Elon Musk started his career as an entrepreneur with almost no money. 

He received $20 million from the sale of Zip2 in 1999 and $200 million from the sale of PayPal in 2002, which he used to fund his future business ventures including SpaceX and Tesla.

6. What Does Elon Musk Drive?

Elon Musk has been seen driving various Tesla models, including the Tesla Model S and the Tesla Cybertruck. 

He says Tesla is his favorite car manufacturer – which is no surprise, given that he co-founded the company!

7. Who Actually Runs Tesla?

Elon Musk is the CEO of Tesla, and he plays a key role in the decision-making and overall management of the company. 

Of course, he is also the CEO of other companies including SpaceX, and his time is often split.

8. Is Elon Musk An Engineer?

Elon Musk is not a formally trained engineer, but he has a strong technical background and has been involved in engineering-related work throughout his career.

9. What Does Elon Musk Do Everyday?

Elon Musk’s daily routine involves managing his various companies, attending meetings, reviewing progress, and working on new ideas and projects. 

He says he splits his time mostly between Tesla and SpaceX, often flying back and forth between his companies’ headquarters.

10. How Many Hours Of Sleep Does Elon Musk?

Elon Musk has previously mentioned that he typically gets around six hours of sleep per night, but it is important to note that sleep patterns can vary and may change over time.

Verdict – What Does Elon Musk Own

So what’s the verdict… What does Elon Musk own?

Elon Musk, the visionary entrepreneur and innovator, has an impressive portfolio of companies that either co-founded or acquired substantial in. 

Here’s a summary of Elon Musk’s most important companies:

  • Tesla: Elon Musk owns 23.5% of the total shares of Tesla = $187 Billion.
  • SpaceX: Elon Musk owns 42% of SpaceX = $53 Billion.
  • Twitter: Elon Musk owns 79% of Twitter stock = $32 billion

Elon Musk also owns several other companies, and a smaller number of physical possessions including homes and cars. Elon Musk famously bought a $50,000 home in Austin, Texas – he says the smaller home size makes it easier to focus on work.

Love him or hate him, Elon Musk is truly one of the great visionary leaders of our time. 

It will be interesting to see what companies he starts next – or even what tiny homes he acquires in the future!