Entrepreneurs
Elon Musk Net Worth
Net Worth: | $198.5 Billion |
---|---|
Age: | 53 |
Born: | June 28, 1971 |
Gender: | Male |
Height: | 1.88 m (6 ft 2 in) |
Country of Origin: | South Africa |
Source of Wealth: | Entrepreneur/Investor |
Last Updated: | Oct 9, 2024 |
What is Elon Musk’s net worth?
Elon Musk is a South African-born Canadian American business magnate, investor, engineer, and inventor with an estimated net worth of $198.5 Billion
Musk has been involved in many successful startups. He’s the founder, CEO, and CTO of SpaceX, CEO of Tesla Inc., co-chairman of OpenAI, and founder and CEO of Neuralink.
Most people will know that Elon’s original success came from founding PayPal, now one of the most commonly used online payment gateways. According to the Bloomberg Billionaires Index, he is the second world’s richest person.
Quick Facts
- Elon Musk was born on the 28th of June, 1971 in Pretoria, South Africa.
- He learned programming by himself when he was just 12 years old.
- He got his bachelor’s degrees in economics and physics at the University of Pennsylvania.
- He started studying at Stanford University but dropped out just after two days and started a business with his younger brother Kimbal.
- His first co-owned company was Zip2, a web software company aimed at the newspaper industry.
- After he sold Zip2, Musk engaged in the e-mail payment business and founded X.com, which was later merged with Confinity and became a well-known online payment service – PayPal.
- He founded SpaceX (a spacecraft manufacturing company) and Solar City (a solar energy generation systems company).
- In February 2004, after investing $6.5 million, he became the majority shareholder of Tesla (an automotive, artificial intelligence, and clean energy company). He has served as CEO there since 2008.
- At Tesla AI Day 2022, Musk revealed they were working on a humanoid robot.
- Musk announced himself as a “free speech absolutist”, as he is against any censorship.
Early Life
Elon Musk was born in Pretoria, South Africa, on the 28th of June, 1971.
Musk’s family is multicultural – his mother was a model from Canada, and his father was an electromechanical engineer from South Africa.
Musk has two younger siblings, Kimbal (a restaurateur, chef, and entrepreneur who owns The Kitchen Restaurant Group) and Tosca.
At just 10 years old, Elon found his passion for computers.
He taught himself computer programming at 12 years old; and created a video game called Blastar, which he sold to a magazine called PC and Office Technology, for approximately $500.
Career
After dropping out of Stanford University to pursue entrepreneurship, Elon, along with his brother Kimbal, founded Zip2.
Zip2 was a web software company, which developed and marketed an Internet “city guide” for the newspaper publishing industry. The company received contracts with the likes of the Chicago Tribune and The New York Times, and was eventually sold to Compaq for $307 million.
With $22 million now in his pocket from the sale of Zip2, Musk founded X.com, an E-Mail payment company. This later became the notorious PayPal, when X.com merged with Confinity.
PayPal became the biggest online payment transfer company, and was acquired by eBay for $1.5 billion in stock. Musk’s fortune was now $165 million higher.
It was at this time that Elon Musk began to pursue his passion for changing and advancing the world for the better, investing in Tesla, and founding SpaceX and Solar City.
The success of these three companies is growing month by month, and is responsible for Musk’s sudden jump in net worth.
SpaceX is advancing space technology, and strives to reduce the cost of human spaceflight by a factor of 10.
Tesla is focused on solving the fossil fuels crisis in the automobile industry, by developing affordable and stylish electric vehicles that are safer for the planet.
Solar City is the 2nd largest provider of solar power systems in the United States.
Estimated Net worth
In 2024, Elon Musk’s net worth is estimated to be $198.5 Billion.
Elon Musk’s Net Worth Over Time
Net Worth: | $198.5 Billion |
---|---|
Age: | 53 |
Born: | June 28, 1971 |
Gender: | Male |
Height: | 1.88 m (6 ft 2 in) |
Country of Origin: | South Africa |
Source of Wealth: | Entrepreneur/Investor |
Last Updated: | Oct 9, 2024 |
How Does Elon Musk Spend His Money?
Musk’s fortune is impressive, as he was one of the most significant Tesla investors and is now its CEO, as well as the owner of other prospering companies.
He is the second richest person in the world now, so he has lots of possibilities to spend money on whatever he wants.
However, he is not the type of person who would spend his wealth on expensive hobbies or all-inclusive vacations all the time.
He prefers to work at the office or visit his factories. However, at the end of the day, he returns to one of his four mansions in Los Angeles. He has recently bought a fifth property – a $24 million unfinished estate.
As a carmaker, Musk is passionate about vehicles. At an auction in 2013, he bought the Lotus Espirit submarine car used in a James Bond movie for $920,000. Apart from Tesla cars, he has two gas-powered vehicles – a Jaguar E-Type Series 1 Roadster and a Ford Model T.
As the second richest man in the world, he has his own planes as well.
In November 2022, he bought a luxurious private jet with two Rolls-Royce engines, 5 living areas, and 20 windows for $78 million.
Highlights
Here are some of the best highlights of Elon Musk’s career:
- Moved to Silicon Valley (1995)
- Sells Zip2 to Compaq for $307 million (1999)
- Creates X.com, which later becomes PayPal (1999)
- eBay acquires PayPal for $1.5 billion (2002)
- Becomes an American citizen (2002)
- Founds SpaceX9 (2002)
- Becomes CEO of Tesla (2008)
- Tesla Begin Deliveries of the All-Electric Model S (2012)
- The Model X Launch (2015)
- Tesla Merged with SolarCity (2016)
- The Model 3 Arrives (2017)
- The SpaceX Falcon Heavy Rocket Launches (2018)
Frequently Asked Questions
How much is Elon Musk worth?
Elon Musk’s net worth is estimated to be $198.5 Billion.
How old is Elon Musk?
Elon Musk was born on June 28, 1971, and is currently 53 years old.
How tall is Elon Musk?
Elon Musk’s height is 1.88 m, which is equal to 6 ft 2 in.
Did Elon Musk buy Twitter?
Yes, he managed to buy Twitter, completing the deal on the 28th of October, 2022. Musk paid $44 billion to become the owner of Twitter.
Was Musk sued?
Yes, the shareholders sued Musk, Tesla, and Tesla directors for a post on Twitter saying that Musk was thinking about taking Tesla private.
Has been Musk’s fortune ever used to support a charity?
Yes – the most prominent example happened last year when Musk gave $1.9 billion worth of Tesla shares to charity.
The name of the charity that received such impressive support was not revealed.
Summary
Elon Musk is a man who takes risks to increase his wealth.
Even after a huge payout from PayPal, he invested virtually all of that money into SpaceX and Tesla to make his vision a reality.
Elon Musk’s net worth is estimated at $198.5 Billion, and with his current companies being all about the future, this number is surely only going to earn more and more money.
What do you think about Elon Musk’s net worth? Leave a comment below.
Entrepreneurs
Carlos Ghosn Net Worth
What is Carlos Ghosn’s net worth?
Net Worth: | $120 Million |
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Age: | 70 |
Born: | March 9, 1954 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | Brazil |
Source of Wealth: | Entrepreneur |
Last Updated: | Oct 9, 2024 |
Introduction
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million.
Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.
Early Life
Carlos Ghosn was born on the 9th of March, 1954, in Porto Velho, Brazil.
He did his secondary studies in Beirut, Lebanon, at Collège Notre-Dame de Jamhour.
Ghosn graduated from École Polytechnique in engineering in 1978 and his postgraduate studies from the École des Mines de Paris.
Career
After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France.
In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America.
Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to the hyperinflation in Brazil. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989.
Rising Through The Ranks
In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company.
Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999.
While maintaining his previous roles, Ghosn became Nissan’s COO and was named its president in 2000 and CEO in 2001.
Ghosn was able to turn Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division.
In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously.
While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.
Ghosn’s Recent Business Deals
Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman.
In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017.
Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman.
After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto.
However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company.
At Mitsubishi, Ghosn’s goal was to rehab the automaker, though he was removed from his post in 2018 after his arrest over false accounting allegations. After that, Ghosn’s affairs began to fall apart, and by the end of 2019, he was still imprisoned.
In late 2019, he was able to post bail and quickly left Japan for Lebanon, where he continues his legal battles today.
Carlos Ghosn Net Worth
In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million.
Highlights
Here are some of the best highlights of Carlos Ghosn’s career:
- Ghosn is the chairman/CEO of Renault, AvtoVAZ, Nissan, and Mitsubishi Motors
- He was ranked as one of the 50 most famous men in global business and politics (2003)
Summary
Carlos Ghosn is a French-Lebanese-Brazilian businessman known as the “Le cost killer” and “Mr. Fix It”.
Thanks to his turnaround success at Nissan, Carlos gained celebrity status in the business world and was ranked as one of the 50 most famous men in global business and politics in 2003.
What do you think about Carlos Ghosn’s net worth? Leave a comment below.
Entrepreneurs
Rich Barton Net Worth
What is Rich Barton’s net worth?
Net Worth: | $2.1 Billion |
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Age: | 57 |
Born: | June 2, 1967 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Oct 9, 2024 |
Introduction
Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion.
Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover.
Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.
Early Life
Richard Barton was born on the 2nd of June, 1967, and raised in New Canaan, Connecticut.
Barton is the son of a teacher and mechanical engineer.
Barton graduated from Standford University in 1989. He then started working for Alliance Consulting Group and Microsoft in 1991. His forefathers, John Barton and his son Horace, were inducted into the 1999 South Dakota Tennis Hall of Fame.
Career
After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989.
In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project.
In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.
Making Billions
After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion.
Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry.
In December 2004, Zillow was incorporated in Washington and officially launched in February 2006.
The site included a home valuation tool, sales history, and value appreciation information upon launch. The site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic.
By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch.
In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015.
All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.
Maintaining Zillow
Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States.
However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable.
By July 2020, Zillow became one of the first companies to permanently allow employees to work from home. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021.
Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees.
That said, this didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow.
Now one of the richest people in the world, Rich Barton has undoubtedly lived up to his first name, earning billions through his business.
Rich Barton Net Worth
In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion.
How Does Rich Barton Spend His Money?
Rich Barton spends his money on real estate.
Rich Barton’s Home and Other Spendings
Barton owns a home in Seattle, Wahington. Barton Has A $700 million stake in Zillow and plans to turn it into a home-flipping machine.
Highlights
Here are some of the best highlights of Rich Barton’s career:
- Chief executive officer of Zillow Group
- One of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassadors for Continental Entrepreneurship (2012)
Summary
Rich Barton is an American entrepreneur and businessman best known for being the Zillow Group CEO.
He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.
He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship.
What do you think about Rich Barton’s net worth? Leave a comment below.
Entrepreneurs
Russell Simmons Net Worth
What is Russell Simmons’ net worth?
Net Worth: | $340 Million |
---|---|
Age: | 67 |
Born: | October 4, 1957 |
Gender: | Male |
Height: | 1.76 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Oct 9, 2024 |
Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million.
Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront.
Early Life
Russell Simmons was born in Queens, New York, on October 4, 1957.
He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians.
Career
During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.
From Rap To Riches
The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”
In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.
That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.
Simmons’ Vegan Advocacy
Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.
Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.
His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.
Signing Lil Skies And Jack Harlow
Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.
In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.
To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.
Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.
Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.
Estimated Net Worth
Highlights
Here are some of the best highlights of Russell Simmons’ career:
- Co-founded Def Jam (1983)
- Krush Groove (Movie, 1985)
- Launched Clothing Line (1992)
- Sold Phat Farm (2004)
Summary
Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.
What do you think about Russell Simmons’ net worth? Leave a comment below.
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