How much money does Elon Musk have and how has he become the goose that lays the golden eggs of Wall Street
Elon Musk is the perfect example that a tough start can turn into billions of dollars (if you know how). With an investor mind that has been honing since he was a child, the now owner of SpaceX and Tesla has positioned himself as the richest man in the world, ahead of Jeff Bezos, founder of Amazon, and Bill Gates, founder of Microsoft. . His properties in Bel Air and his garage show that Elon Musk invests his earnings very well.
(How much money does Elon Musk have and how he has become the goose that lays the golden eggs of Wall Street, article updated in January 2021).
Elon Musk is one of the most enigmatic and surprising characters on the business scene today. A phenomenon without discussion, as evidenced by the fact that it has gone from position 31 on the list of billionaires to head it, occupying the first position and overtaking the mega tycoon Jeff Bezos, president and founder of Amazon, and Bill Gates, founder from Microsoft.
Elon Musk is well known for being the founder and CEO of Space X, an aerospace transportation company, and founder of Tesla, the electric car maker that is essentially the reason for Musk's miraculous rise on both the Forbes and Bloomberg Index charts. .
In mid-March, he was estimated to have a fortune of around 21,000 million euros (25,000 million dollars), but only in 4 months, in July, he was placed in the fifth position of the richest with a valuation of almost 63,000 million euros. euros. As of January 2021, his net worth is $ 188.5 billion.
The last sprint that placed it as the fourth occurred on August 17, when in just one trading day, Musk's equity shot up by 6,722 million euros due to the powerful revaluation experienced by Tesla shares. A rise in shares of 11.4% that has made them reach a record price of $ 1,835.64, raising to more than 342,000 million dollars (287,263 million euros) the capitalization of the company of which Musk is the main shareholder with around 18% of the capital. As of January 2021, Tesla shares are at a record price of $ 816, causing his fortune to skyrocket.
And how has Elon Musk climbed to the top of the list of the richest men in the world? Tesla has appreciated 743% in the last 12 months.
Thus, in January 2021, the top of the list of the richest is made up of technological leaders, led by the founder and CEO of Tesla, followed by Jeff Bezos, in third position is the founder of Microsoft, Bill Gates, and, in fourth position, the founder and CEO of Facebook, Mark Zuckerberg.
How Elon Musk Has Transformed His Futuristic Creativity Into Millions Of Dollars
If Musk distinguishes himself for something, it is for being a visionary and betting heavily on disruptive formulas, which in the end are the ones that give the highest returns. The equation that says that the more risk, the more potential benefit is well known.
At just 9 years old, Musk began to explore his interest in programming and, at just 12 years old, he sold the source code of a video game to the South African magazine PC and Office Technology for $ 500. And this would be just the beginning ...
In 1995 he founded with his brother Zip2, a company that provided local guide software for newspapers on the Internet, which he would end up selling to Compaq for $ 300 million. With that money he invested in X.com, which merged with Confinity and ended up being called PayPal, which would eventually be acquired by eBay for $ 1.5 billion.
Its two main assets at the moment are SpaceX, the private company that manufactures rockets and spacecraft for space missions and that currently collaborates with NASA, and Tesla Motors, which despite bordering on bankruptcy in its early days, ended up being the first automotive company. American in going up to the stock market in 2010. It currently outperforms classics of the sector such as Ford and General Motors.
But Elon Musk does not miss an opportunity to invest in sectors of the future as diverse as artificial intelligence, biotechnology and software. For example, he invested $ 15 million in 2013 in Hyperloop (Hyperloop Transportation Technologies), a transportation system that tries to shape a high-speed magnetic levitation train with the potential to reach speeds of 1,200 km / h.
Among the most interesting aspects of Hyperloop is that it is an open hardware project, meaning that anyone can use the developed designs and improve them on their own to try to create a common benefit.
On the other hand, it is worth mentioning the investment of 35 million dollars in the energy company SolarCity, a subsidiary of Tesla and specialized in the manufacture and sale of products that work with solar energy, such as panels and batteries.
What Elon Musk spends his millions of dollars on
Elon Musk is undoubtedly the King Midas of technology and has become a phenomenon on Wall Street, as the return on investment (ROI) of Tesla between July 2016 and July 2020 stands at 519, 73%, at least five times higher than that of its most immediate competitors.
Among the few investments he makes outside the financial field, it is worth highlighting his real estate portfolio. The value of the four properties that he owns in Bel Air exceeds 55 million euros. And, within the whims that is given, its fleet of cars shines with jewels as exotic as the submarine Lotus Esprit from the James Bond movie The Spy Who Loved Me valued at approximately 780,000 euros.
