How Elon Musk Reached a $20.8 Billion Net Worth
According to Forbes, Elon Musk’s Net Worth is currently $20.8 billion.
The question is: How did he reach such a high figure?
He is mostly known for being the co-founder, CEO, and product architect of Tesla, Inc.
Yet, the answer to such question is a much longer one. Here is a simple timeline of how he achieved his current status.
February 1999: Sells Zip2 to Compaq for $307 million. Elon earns $22 million from this venture.
July 2002: Earns $165 million when EBay acquires Paypal. He had originally started X.com which became into Paypal.
2002: Founds SpaceX, which later receives $1 billion in funding from Google and Fidelity in 2015.
2004: Turns to Tesla Motors and Solarcity. These companies launch him into billionaire status.
2007: SpaceX wins $1.6 billion contract to bring cargo to the International Space Station.
October 2008: Becomes CEO of Tesla after divorcing his wife. The divorce takes a toll on his finances and Elon claims to have ran out of cash a year later.
He also claims to have been living off loans from his friends.
Jun 29, 2010: Tesla is introduced to the stock market and he earns his fortune back.
June 2012: Tesla begins deliveries of the all-electric Model S. He then appears in Forbes’ richest list with a $2 billion net worth.
Source: Business Insider