Elon Musk Net Worth 2022 (Forbes) – How Did He Make Money? Exposed!

With an estimated net worth of around $211 billion (as of June 2022), Musk is the richest person in the world, according to the Bloomberg Billionaires Index and the Forbes list of real-time billionaires.

Elon Musk is a South African-born American entrepreneur and businessman who founded X.com (which later became PayPal) in 1999, SpaceX in 2002, and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up Zip2 to a division of Compaq Computers. 

Musk made headlines in May 2012 when SpaceX launched a rocket that would carry the first commercial vehicle to the International Space Station. 

He further expanded his portfolio with the purchase of SolarCity in 2016 and solidified his position as an industry leader by taking on an advisory role in the early days of President Donald Trump’s administration.

In January 2021, Musk reportedly overtook Jeff Bezos as the world’s richest man.

However, Tesla shares have crashed since he made a $44 billion offer to buy Twitter on April 14, 2022. That means Musk’s net worth has dropped by billions of dollars.

Today we’re going to discuss how much money Elon Musk has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Elon Musk. So be sure to read to the end.

Elon Musk Net Worth 2022

Elon Musk has an estimated net worth of $211 Billion as of June 2022. South African entrepreneur Elon Musk is known for founding Tesla Motors and SpaceX, which launched a groundbreaking commercial spacecraft in 2012.

As CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, and chairman of SolarCity, Elon Musk holds the record as the richest person in the world and the richest person in modern history.

Musk is Tesla’s largest shareholder, owning about 17 percent of the company’s stock, for a total of about 175 million shares. Last year, he sold 15 million shares worth more than $16 billion after polling his followers on Twitter. The automaker’s shares plunged 16 percent in the following two days of trading.

In addition, Musk owns about 44% of the aerospace giant SpaceX, which is currently valued at about $100 billion in the private markets. Musk was seeking a 25% increase in value, which would give SpaceX a market value of $125 billion.

During a 2019 court hearing, Musk stated he is actually rather cash-poor and 99% of his wealth comes from Tesla and SpaceX stock. The lawsuit revealed that Musk’s base salary at Tesla is $56,380. In most years, Musk forgoes that salary. 

At the time of the lawsuit, Musk owed Morgan Stanley and Goldman Sachs more than $500 million. About $60 million of his Morgan Stanley debt is in mortgages. He has since sold most of his properties and repaid the mortgage debt.

Musk reportedly burned through all of his cash from previous company sales to launch SpaceX.

To calculate the net worth of Elon Musk, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Elon Musk
Net Worth: $211 Billion
Monthly Salary: $0
Annual Income: $6 Billion+
Source of Wealth: Zip2, PayPal, Tesla, SpaceX

Elon Musk Net Worth Last 5 Years

Net Worth 2022: $211 Billion
Net Worth 2021: $300 Billion
Net Worth 2020: $28 Billion
Net Worth 2019: $20 Billion
Net Worth 2018: $15 Billion

Elon Musk Net Worth History

Elon’s net worth was $28 billion on January 1, 2020. At the end of 2020, his net worth was $170 billion.

On July 10, 2020, Elon’s net worth exceeded $70 billion for the first time. At that point, SpaceX accounted for about $15 billion and Tesla for the remaining $55 billion.

When Elon’s net worth exceeded $80 billion for the first time on July 13, 2020, $15 billion came from SpaceX and $65 billion from Tesla.

Elon’s net worth exceeded $90 billion for the first time in August 2020, due to two major factors. Tesla shares hit an all-time high of $1,900 in mid-August. At that point, the company had a market capitalization of $350 billion. Elon’s 20% stake was worth about $70 billion. The second factor was an increase in SpaceX’s valuation, which was confirmed on August 18, 2020. SpaceX’s private valuation increased from $36 billion to $46 billion after the funding round. Elon’s 48% stake is valued at $46 billion, increasing Elon’s pre-tax net worth by $22 billion.

Elon’s net worth surpassed $100 billion for the first time on Nov. 17, 2020. At that moment, he overtook Mark Zuckerberg to become the third richest person in the world for the first time.

On November 24, 2020, Elon’s net worth exceeded $128 billion for the first time. At that moment, he was the second richest person in the world, overtaking Bill Gates. At that point, he was $54 billion away from Jeff Bezos’ net worth of $184 billion, and his net worth had officially increased by $100 billion since January 1, 2020. 

Elon Musk’s net worth reached $195 billion on January 7, 2021. On that day, Elon Musk became the richest person in the world for the first time, overtaking Jeff Bezos.

Elon Musk ended the week with a net worth of $210 billion after starting the week with $170 billion.

In October 2021, when Tesla’s market capitalization reached $1 trillion and SpaceX was valued at $100 billion, Elon’s net worth was $300 billion.

On Nov. 1, 2021, when Tesla’s market capitalization reached $1.2 trillion, Elon Musk’s net worth was $335 billion.

Elon Musk’s net worth grows every year due to his success in the social media industry. Musk earns over $100,000 annually.

Elon Musk Compensation Plan

Tesla’s board of directors announced a compensation plan for Musk in January 2018 that would eventually be worth $100 billion. Musk was supposed to receive up to $100 billion in stock options over a decade in 12-tranches. 

When Tesla reaches a market capitalization of $100 billion (roughly double the value when the plan was announced), the first chunk of options will be granted. Each time the company’s market cap grew by $50 billion after that, Elon received another of the tranches.

Bloomberg’s annual Pay Index shows that Elon Musk received $6.66 billion in compensation in 2020, more than twelve times the compensation of America’s second highest-paid CEO.

Musk has not yet received his billions in cash. In addition to his salary, he received option awards, allowing him to acquire Tesla shares at a set price.

Bloomberg’s list places Musk at the top for the third year in a row and is an increase in his projected 2019 compensation of $595 million.

Elon Musk Salary

Tesla CEO Elon Musk did not receive a paycheck from the electric car maker in 2020.

Musk’s 2020 salary was zero, according to an update filed Friday with SEC.

In 2019, his salary was $23,760. In 2018, it was $56,380.

“However, he has never accepted his salary,” the company said. “Commencing in May 2019 at Mr. Musk’s request, we eliminated altogether the earning and accrual of this base salary.” 

The stock-based compensation is Musk’s entire compensation package under his 2018 compensation agreement. Based on his ability to drive the company to achieve certain operating metrics, his options vest.

The 10-year agreement includes 16 operating milestones. If Tesla achieves 12 of those milestones and the company’s market capitalization reaches $650 billion, Musk’s shares will vest as scheduled, the company said.

Tesla had reached six of those milestones as of Friday, the company said.

In 2019, Musk paid cash for $30.5 million worth of vested options but didn’t sell any of the shares purchased in that transaction, according to Friday’s documents. No purchase of vested options was listed for 2020. 

Under the 2018 agreement, Musk’s exercise price was $70.01 per share, according to SEC records. Tesla shares ended the week at $716.70 per share.

“Only time I sell Tesla stock is when my stock options are expiring & I have no choice,” Musk said on Twitter in June.

Bloomberg estimated last week that Musk’s total compensation for 2020 will be $6.7 billion, the highest of any US chief executive.

How Did Elon Musk Make His Money?

Elon Musk has an estimated net worth of $211 Billion as of June 2022. His wealth was created by several successful ventures, not by one big success like most other billionaires.

After selling Zip2, he got into online banking and payments with controversial businessman Peter Thiel and founded the company that later became PayPal.

In 2009, his stake in the company was bought by eBay for $180 million.

SpaceX was founded in 2002 with the goal of colonising Mars with affordable rockets.

Although Tesla hadn’t yet produced a real car, he invested $6 million in the company the following year.

Tesla’s first vehicle – the Model S – went into mass production in 2012 after the company signed a $1.6 billion deal with NASA in 2008. Both companies struggled initially, but SpaceX took off in 2008 after a $1.6 billion deal NASA.

SpaceX is now a major partner in NASA missions, while more and more Tesla cars are on the road around the world as people become more environmentally conscious.

Tesla’s share price tripled to more than $1 trillion (£801.7 billion) in 2021 and is now worth around $730 billion (£585.2 billion). Elon Musk’s fortune has thus reached astronomical proportions.

Before he bought Twitter, he owned between 17% and 21% of the company’s shares, which is worth around $150 billion (£120.3 billion).

His Tesla stake was sold for around $8.5 million (£6.8 billion) to fund the acquisition of the platform.

The rest of Mr. Musk’s wealth comes mainly from his 48% stake in SpaceX, a company valued at $100 billion (80.2 billion euros).

In the last five years, Mr. Musk has also founded two other companies.

The Boring Company is digging big holes in the ground, while Neuralink is trying to develop telepathic connections with machines – an innovation that could greatly improve the lives of people suffering from neurological disorders or severe spinal cord injuries.

Now that you know how Elon Musk made his money, let’s take a closer look at the billionaire’s business ventures over the years. 

1. Zip2 Corporation

Musk founded his first company, Zip2 Corporation, in 1995 with his brother Kimbal Musk. Zip2 was an online city guide and was soon providing content for the new New York Times and Chicago Tribune websites. In 1999, a division of Compaq Computer Corporation bought Zip2 for $307 million in cash and $34 million in stock options.

2. PayPal

In 1999, Elon and Kimbal Musk used the money from the sale of Zip2 to create X.com, an online financial servicesand payments company. An acquisition of X.com the following year led to the creation of PayPal as we know it today.

In October 2002, Musk made his first billion when PayPal was acquired by eBay for $1.5 billion in stock. Before the sale, Musk owned 11 percent of PayPal stock.

3. SpaceX

Musk founded his third company, Space Exploration Technologies Corporation, or SpaceX, in 2002 with the intention of building spacecraft for commercial space travel.

By 2008, SpaceX was well established and NASA awarded the company a contract to provide cargo transportation for the International Space Station – with plans to transport astronauts in the future – replacing its own space shuttle missions ( NASA).

Falcon 9 rockets

On May 22, 2012, Musk and SpaceX made history when the company launched its Falcon 9 rocket into space using an unmanned capsule.

The vehicle was sent to the International Space Station with 1,000 pounds of supplies for the astronauts stationed there. This was the first time a private company had sent a spacecraft to the International Space Station. Of the launch, Musk was quoted as saying, “I feel very fortunate. … For us, it’s like we won the Super Bowl.”

In December 2013, a Falcon 9 successfully delivered a satellite into a geosynchronous transfer orbit, a distance at which the satellite locks into an orbit that matches Earth’s rotation.

In February 2015, SpaceX launched another Falcon 9 carrying the Deep Space Climate Observatory (DSCOVR) satellite to monitor extreme emissions from the sun that affect power grids and communications systems on Earth.

In March 2017, SpaceX saw the successful test flight and landing of a Falcon 9 rocket made of reusable parts, a development that opened the door to more affordable spaceflight.

There was a setback in November 2017 when an explosion occurred during a test of the company’s new Block 5 Merlin engine. SpaceX said no one was injured and that the problem would not affect the planned launch of a future generation of Falcon 9 rockets.

In February 2018, the company experienced another milestone with the successful test launch of the powerful Falcon Heavy rocket. Equipped with additional Falcon 9 boosters, the Falcon Heavy was designed to carry huge payloads into orbit and potentially serve as a spacecraft for space missions.

For the test launch, the Falcon Heavy received a payload from Musk’s cherry-red Tesla Roadster, which was equipped with cameras to provide “some epic views” of the vehicle’s planned orbit around the sun.

In July 2018, Space X was pleased to announce the successful landing of a new Block 5 Falcon rocket, which touched down on a drone ship less than 9 minutes after launch.

BFR mission to Mars

In September 2017, Musk presented an updated design plan for his BFR (an acronym for “Big F—ing Rocket” or “Big Falcon Rocket”), a 31-engine behemoth topped by a spacecraft capable of carrying at least 100 people. He revealed that SpaceX plans to launch its first cargo missions to Mars in 2022, as part of its overall goal to colonize the Red Planet.

In March 2018, the entrepreneur told the annual South by Southwest festival in Austin, Texas, that he hopes to have the BFR ready for short flights early next year, giving a knowing wink to his previous problems meeting deadlines.

The following month, it was announced that SpaceX would build a facility at the Port of Los Angeles to build and house the BFR. The port site was an ideal location for SpaceX because the mammoth rocket, once completed, will only be able to be transported by barge or ship.

Starlink Internet Satellites

In late March 2018, SpaceX received permission from the U.S. government to launch a fleet of satellites into low orbit to provide Internet services. The satellite network, called Starlink, would ideally facilitate access to broadband services in rural areas while boosting competition in densely populated markets that are typically dominated by one or two providers.

SpaceX launched the first batch of 60 satellites in May 2019 and followed up with another batch of 60 satellites in November.

While this represented significant progress for the Starlink project, the appearance of these bright orbiters in the night sky, with the potential for thousands more to follow, worried astronomers, who felt that a proliferation of satellites would make it more difficult to explore distant objects in space.

4. Tesla Motors

Musk is co-founder, CEO and product architect at Tesla Motors, a company founded in 2003 that makes affordable mass-market electric cars, battery products and solar roofs. Musk oversees all product development, engineering and design of the company’s products.

Roadster

Five years after its founding, in March 2008, Tesla introduced the Roadster, a sports car capable of accelerating from 0 to 60 mph in 3.7 seconds and traveling nearly 250 miles on a charge of its lithium-ion battery.

With an investment from Daimler and a strategic partnership with Toyota, Tesla Motors went public in June 2010, raising $226 million.

Model S

In August 2008, Tesla announced plans for its Model S, the company’s first electric sedan that would reportedly rival BMW’s 5 Series. In 2012, the Model S finally went into production at a starting price of $58,570. With a range of 265 miles between charges, it was named 2013 Car of the Year by Motor Trend magazine.

In April 2017, Tesla announced that it had surpassed General Motors to become the most valuable U.S. automaker. The news was an obvious boon for Tesla, which planned to ramp up production and launch the Model 3 sedan later in the year.

In September 2019, a Model S set a four-door sedan speed record at Laguna Seca Raceway in Monterey County, California, using a powertrain Musk called “plaid.”

Model 3

The Model 3 was officially unveiled in early 2019 after extensive production delays. The vehicle was initially priced at $35,000, making it much more affordable than the $69,500-plus price tag for the Model S and X electric sedans.

After originally aiming to produce 5,000 new Model 3 cars per week by December 2017, Musk pushed that goal back to March 2018 and then to June with the start of the new year.

The announced delay did not surprise industry experts, who were well aware of the company’s production problems, although some wondered how long investors would have patience with the process. It also did not stop Musk from putting together a radical new compensation package as CEO, in which he is paid in $50 billion increments after reaching milestones of a growing valuation.

In April 2018, when Tesla was expected to miss first-quarter production forecasts, news surfaced that Musk had sidelined the head of engineering to personally oversee efforts in that department. In a Twitter exchange with a reporter, Musk said it was important to “divide and conquer” to meet production targets and that he was “sleeping in the factory again.”

After hinting that the company would restructure its management structure, Musk announced in June that Tesla would lay off 9 percent of its workforce, while retaining its manufacturing division. In an email to employees, Musk explained his decision to eliminate some “duplicative tasks” to cut costs and admitted that it was time to take serious steps toward profit.

The restructuring appeared to be paying off, as it was announced that Tesla had reached its goal of producing 5,000 Model 3 cars per week by the end of June 2018 and delivered an additional 2,000 Model S sedans and Model X SUVs. “We did it!” Musk wrote in a celebratory email to the company. “What an incredible job by an amazing team.”

The following February, Musk announced that the company would finally launch its standard Model 3. Musk also announced that Tesla would handle sales entirely online and offer customers the option to return their car within seven days or 1,000 miles for a full refund.

Semi Truck

In November 2017, Musk made another splash with the unveiling of the new Tesla Semi and Roadster at the company’s design studio. The semi truck, which was expected to begin production in 2019 before being postponed, has a range of 500 miles and features a battery and motors rated for a range of 1 million miles.

Model Y and Roadster

In March 2019, Musk unveiled Tesla’s long-awaited Model Y. The compact crossover, which will begin arriving to customers in March 2020, has a range of 300 miles and acceleration from 0 to 60 mph in 3.5 seconds.

The Roadster, which is also due to be launched in 2020, will be the fastest production car ever made, with a 0 to 60 time of 1.9 seconds.

SolarCity

In August 2016, in Musk’s continued effort to promote and advance sustainable energy and products for a broader consumer base, a $2.6 billion deal was sealed to combine his electric car and solar energy companies. His Tesla Motors Inc. announced the purchase of SolarCity Corp, a company Musk founded in 2006 with the help of his cousins, on an all-stock basis. He is a majority shareholder in both companies.

“Solar and storage are best when combined. As one company, Tesla (storage) and SolarCity (solar) can develop fully integrated products for homes, businesses and the electric grid that improve the way energy is generated, stored and consumed,” reads a statement on Tesla’s website about the acquisition.

5. The Boring Company

In January 2017, Musk founded The Boring Company, a company dedicated to drilling and building tunnels to reduce road traffic. He began by drilling a test tunnel at the SpaceX site in Los Angeles.

In late October of that year, Musk posted the first photo of his company’s progress on his Instagram page. He said the 500-foot tunnel, which would generally run parallel to Interstate 405, would reach two miles in length in about four months.

In May 2019, the company, now known as TBC, was awarded a $48.7 million contract by the Las Vegas Convention and Visitors Authority to build an underground loop system that would allow people to commute around the Las Vegas Convention Center.

Hyperloop

In August 2013, Musk released a concept for a new form of transportation called the “Hyperloop,” an invention that would encourage commuting between major cities while significantly reducing travel time.

The Hyperloop, which ideally would be weatherproof and run on renewable energy, would carry passengers in gondolas through a network of low-pressure tubes at speeds of more than 700 mph. Musk said it could take seven to 10 years for the Hyperloop to be built and operational.

Although he introduced the Hyperloop with claims that it would be safer than a plane or train and cost an estimated $6 billion – about one-tenth the cost of the rail system planned by the state of California – Musk’s concept has drawn skepticism. Still, the entrepreneur has tried to promote the idea’s development.

After he announced a competition for teams to submit their designs for a Hyperloop pod prototype, the first Hyperloop Pod competition was held at the SpaceX facility in January 2017. At Competition No. 3 in 2018, a German student team set a speed record of 284 mph. The following year, the same team increased the record to 287 mph.

High-Speed Train

In late November 2017, after Chicago Mayor Rahm Emanuel asked for proposals to build and operate a high-speed rail line that would take passengers from O’Hare Airport to downtown Chicago in 20 minutes or less, Musk tweeted that he was competing with The Boring Company.

He said the Chicago loop concept would be different from his Hyperloop. The relatively short distance would not require a vacuum to eliminate air friction, he said.

In the summer of 2018, Musk announced he would underwrite the estimated $1 billion cost of building the 17-mile tunnel from the airport to downtown Chicago.

However, in late 2019, he tweeted that TBC would focus on completing the commercial tunnel in Las Vegas before moving on to other projects, suggesting that plans for Chicago would remain in limbo for the immediate future.

Flamethrower

Musk has also reportedly found a market for the Boring Company’s flamethrowers. After announcing in late January 2018 that they would sell for $500 each, he claimed to have sold 10,000 within a day.

6. OpenAI and Neuralink

Musk has taken an interest in artificial intelligence and became co-chair of the nonprofit organization OpenAI. The research company was founded in late 2015 with the stated goal of advancing digital intelligence for the benefit of humanity.

In 2017, it was also reported that Musk was backing a company called Neuralink, which aims to develop devices implanted in the human brain to help people merge with software.

In a July 2019 interview, he detailed the company’s progress and revealed that the devices will consist of a microscopic chip that connects to a smartphone via Bluetooth. 

Recommendation: Make Passive Income Online

Elon Musk’s Twitter Buyout

Elon Musk announced a takeover bid for Twitter after acquiring a 9.1% stake in the company a few days earlier.

The social media giant’s board initially tried to block the takeover, but then changed course and agreed to sell the company to Musk for $44 billion (£35.3 billion) on April 25.

When it became known how Elon Musk would finance his offer, Twitter’s leadership was reportedly under pressure from shareholders to accept the deal.

The deal is now hanging by a thread after Elon Musk said on May 13 that he had put the deal on hold because he feared there were more spammy or fake Twitter accounts than the company had officially disclosed.

It seems that the billionaire wants to take over Twitter to be able to change the free speech policy on the site.

Elon Musk’s Real Estate

Elon once owned $100 million worth of real estate in California alone. He still owns a 100-year-old home in Hillsborough, California, that sits on nearly 50 acres and is 16,000 square feet. In 2017, he bought the home for $23.364 million.

He once owned six homes in the Bel-Air neighborhood of Los Angeles. In 2012, he bought a 20,000-square-foot home for $17 million. The following year, he bought a 7,000-square-foot home for $20 million, and in 2016, he bought a 9,300-square-foot home for $24.25 million. 

Elon Musk stunned the world in 2020 by announcing that he would sell all of his properties, starting with his LA homes. According to his words, he sold every house. Four houses were sold to one buyer at the same time in December 2020.

Elon Musk’s Charity Work

The limitless potential of space exploration and preserving the future of the human race have become the cornerstones of Musk’s abiding interests. To that end, he has established the Musk Foundation, dedicated to space exploration and the discovery of renewable and clean energy sources.

In October 2019, Musk pledged to donate $1 million to the #TeamTrees campaign, whose goal is to plant 20 million trees worldwide by 2020. For the occasion, he even changed his Twitter name to Treelon.

Elon Musk’s Tweet and SEC investigation

On Aug. 7, 2018, Musk dropped a bombshell in a tweet, “Considering taking Tesla private at $420. Funding secured.”

This announcement opened the door for legal action against the company and its founder, as SEC began inquiring whether Musk had indeed secured funding as claimed. Several investors filed lawsuits, believing Musk’s tweet was intended to manipulate stock prices and catch short sellers off guard.

Musk’s tweet initially sent Tesla shares soaring before ending the day up 11 percent. The CEO followed up with a letter on the company’s blog in which he called going private “the best path forward.” He promised to maintain his stake in the company, adding that he would set up a special fund to help all current investors stay on board.

Six days later, Musk tried to clarify his position with a statement in which he pointed to conversations with the managing director of Saudi Arabia’s sovereign wealth fund as the source for his “funding secured” declaration. He later tweeted that he was working on a proposal to take Tesla private with Goldman Sachs and Silver Lake as financial advisors.

The saga took a bizarre turn that day when rapper Azealia Banks wrote on Instagram that as a guest at Musk’s home, she learned he was under the influence of LSD when he sent his headline-grabbing tweet. Banks said she overheard Musk making phone calls to raise the promised funding.

The news quickly turned serious again when it was reported that Tesla’s outside directors had hired two law firms to look into SEC and the CEO’s plans to take the company private.

On Aug. 24, a day after meeting with the board, Musk announced that he had changed course and would not take the company public.

He cited the preference of most board members to keep Tesla public and the difficulty of retaining some of the major shareholders, who were prohibited from investing in a private company, as reasons. Others suggested that Musk was also influenced by the bad optics of an electric car company funded by Saudi Arabia, a country heavily involved in the oil industry.

On September 29, 2018, it was announced that Musk will pay a $20 million fine and resign as Tesla’s CEO for three years as part of a settlement with SEC.

Elon Musk’s Early Life and Education

Elon Musk was born on June 28, 1971, in Pretoria, South Africa. The oldest of three siblings with a prodigious family name, he grew up in the last decades of Apartheid.

His parents were Maye Musk, a British-Canadian model and Errol Musk, a South Africa born British electrical engineer. When they divorced in 1980, Elon stayed mainly with his father in South Africa. A few years later, he began teaching himself computer programming and sold his first video game at the age of 12.

For his undergraduate education he attended the Queen’s University in Kingston, Ontario, in 1990. He eventually transferred to the University of Pennsylvania, earning dual degree in Physics and Economics.

In addition to the bachelor’s degrees, he earned in physics and economics, he also holds an honorary doctorate in Design from the ‘Art Center College of Design’ and an honorary doctorate in Aerospace Engineering from the ‘University of Surrey’.

Elon Musk’s Personal Life and Relationships

Wives and children

Musk has been married twice before. He married Justine Wilson in 2000 and the couple had six children together.

In 2002, their first son died of sudden infant death syndrome (SIDS) at the age of 10 weeks. Musk and Wilson had five other sons together: twins Griffin and Xavier (born in 2004) and triplets Kai, Saxon and Damian (born in 2006).

After a contentious divorce from Wilson, Musk met actress Talulah Riley. The couple married in 2010; they separated in 2012, but remarried in 2013. Their relationship finally ended in divorce in 2016.

Girlfriends

Musk reportedly began dating actress Amber Heard in 2016 after he finalized his divorce with Riley and Heard’s divorce from Johnny Depp. Their busy schedules led the couple to split in August 2017. They got back together in January 2018 and separated again a month later.

In May 2018, Musk began a relationship with musician Grimes (born Claire Boucher). That same month, Grimes announced that she had changed her name to “c,” the symbol for the speed of light, reportedly at Musk’s suggestion. Fans criticized the feminist artist for dating a billionaire whose company has been called a “predator zone” amid allegations of sexual harassment.

The couple spoke about their love for each other in a Wall Street Journal Magazine piece in March 2019. Grimes said, “I love him, he’s great… I mean, he’s a pretty darn interesting person.” For his part, Musk told the Journal, “I love C’s wild, fairy-like artistic creativity and his hyper-intense work ethic.”

Grimes gave birth to her son on May 4, 2020. Musk announced that they named the boy “X Æ A-12.” Later in the month, after it was reported that the state of California would not accept a name with a number, the couple said they would change their son’s name to “X Æ A-Xii.”

Musk and Grimes welcomed their second child, a daughter named Exa Dark Sideræl Musk, in December 2021. The child was carried by a surrogate mother.

Success Lessons From Elon Musk

1. It is never too early to start

Musk was 12 years old when he wrote the code for a computer game and eventually sold it to a company. Just 12 years old! What were most us doing at 12? Building sand castles around our feet and playing ‘daddy and mummy’. What are most of us doing at 26? Wearing our trousers below our buttocks and claiming to the ‘Don’ of our street. It is time to wake up.

Musk had an interest in Computer and leant Computer programming all by himself. What is that thing that you have tremendous love for? It is time to develop that thing and see how you can make a positive impact with it. You are never too young to make an impact.

2. Never rest on laurels

Musk was 28 when he made his first millions. Many young people would have relaxed, and had fun, and waste this wealth, but not Musk, he brainstormed and created another venture.

After the sale of PayPal he became a multimillionaire. Once again, he could have chosen to rest and enjoy himself but he didn’t. Even after creating and taking SpaceX to profitability, he is still working hard and creating more value.

One of the greatest problems that confronts young business individuals is the lack of long term goals. Even when they say they have, they lack constructive, practical plans to bring about such goals.

They bask on the small victories that their business brings to them on a daily basis. Never rest on laurels, if you could attain this stage, then it is evidence that you can even go higher.

Elon Musk Quotes

“I think it is possible for ordinary people to choose to be extraordinary.”

 

“Failure is an option here. If things are not failing, you are not innovating enough.”

If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.

 

Patience is a virtue, and I’m learning patience. It’s a tough lesson.

 

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.

Some people don’t like change, but you need to embrace change if the alternative is disaster.

 

I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.

Really, the only thing that makes sense

is to strive for greater collective enlightenment.

 

When something is important enough,

you do it even if the odds are not in your favor.

 

“You want to be extra rigorous about making the best possible thing you can. Find everything that’s wrong with it and fix it. Seek negative feedback, particularly from friends.”

View our larger collection of Elon Musk quotes.

Related Lists of Celebrities’ Net Worth

Or, browse all celebrities’ net worth.

How To Become Rich Like Elon Musk? My Recommendation For You

Elon Musk did not become rich by luck. To become as rich as Elon Musk, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Elon Musk one day.

Learn more about how to make passive income online here.

Recommendation: Make Passive Income Online

Leave a Comment