Elon Musk may be the world ’s full-bodied rocket scientist .
The 47 - twelvemonth - quondam CEO of Tesla and SpaceX and cofounder of OpenAI has said hewon’t be glad until we ’ve escape Earth and colonized Mars . fortuitously , he has the psyche and the money to make it encounter .
Despite a massive final worth hoveringaround $ 23.6 billion , Musk has never taken a paycheck from Tesla , refusing his $ 56,000 minimal pay every yr .
Back in March , Tesla shareholder approved a plan grant Musk $ 2.6 billion in stock options , reports CNBC , which will robe in 12 tranche , or portions , as the company hits key milestone over the next X . The $ 2.6 billion amount was March 21 current stock value . U.S. News notesthat if Musk meets the goal and the stock note value uprise during that meter period , it " could net him more than $ 50 billion . "
In January , Tesla announced it wouldpay Musk nothingfor the next 10 age — no wage , bonus , or stock — until the troupe reach a $ 100 billion market cap . If and when that happens , Musk could potentially overtake Amazon CEOJeff Bezosas the rich somebody in the world .
Anotorious workaholic , Musk does n’t spend cash on lavish vacation or expensive Falco subbuteo . Instead , the entrepreneur spends most of his time at the office or in factories , retreating to one of his four Los Angeles sign of the zodiac at the end of the twenty-four hours .
Scroll through to find out what we have intercourse about how Musk , a father of five , amassed his fortune and how he spends it .
As a baby growing up in South Africa , Musk taught himself to code . By the time he was 12 , he sold the generator code for his first picture plot for $ 500 .
Source : MONEY
Just before his eighteenth birthday , Musk moved to Canada and worked a series of hard labor job , including shoveling grain , cutting logs , and eventually cleaning out the kettle room in a lumber mill for $ 18 an hour — an telling wage in 1989 .
Sources : MONEY , Esquire - Elon Musk : Tesla , SpaceX , and the Quest for a Fantastic futurity
Musk got a salary trend to $ 14 an hour when he started a summertime internship alongside his comrade , Kimbal , at the Bank of Nova Scotia after cold - calling — and ingrain — a top administrator there .
After he go far for his newcomer year at Queens University in 1990 , Musk quickly cull up a side hustle selling calculator parts and full PC to other pupil . " I could build up something to suit their motive like a tricked - out gaming machine or a unsubdivided watchword central processing unit that be less than what they could get in a store , " Musk said .
Within two years , Musk transferred to the University of Pennsylvania on a partial scholarship . To cover the rest of his tutelage , Musk and a sidekick would sour their house into a speakeasy on the weekend , charging $ 5 at the door . " I was paying my own fashion through college and could make an entire calendar month ’s rent in one night , " Musk say .
Musk graduated with a bachelor ’s degree in natural philosophy and an political economy degree from the Wharton School and moved to Stanford to pursue his PhD. He left the program within day to found an internet startup with his blood brother . They started Zip2 , a urban center guidebook software for newspapers , with $ 28,000 in seed money from their father .
Four eld later , in 1999 , they sell Zip2 for $ 307 million , earning Musk $ 22 million . He invested more than one-half of his earnings to cofound X.com , an on-line banking table service . The society speedily conflate with its rival and became PayPal with Musk as the majority shareholder . In 2002 , eBay bought PayPal and Musk walked forth with $ 180 million .
Musk sour his attention to his new space exploration company , SpaceX , after provide PayPal . A few old age subsequently he cofounded electrical - railcar maker , Tesla , and then SolarCity , a solar power system of rules supplier . The success of these companies finally launched him into the billion - dollar bill club — but not before he run stone-broke .
Source : VentureBeat
In belated 2008 , Musk divorce his first wife and it shoot a bell on his finances . A twelvemonth later , Musk said he " ran out of cash " and had been inhabit off loans from Quaker while hear to keep his companies afloat . But when Tesla debuted on the stock marketplace in 2010 , Musk ’s portion sky rocket . By 2012 , he appeared on Forbes ' richest lean for the first time with a final Charles Frederick Worth of $ 2 billion .
source : VentureBeat , Forbes , TechCrunch
More than five long time later on Musk has amassed a $ 20.4 billion lot — and he ’s not shy when it add up to expend it .
author : Bloomberg
The chief operating officer owns more than $ 70 million worth of residential property in the Bel - Air neighbourhood of Los Angeles . His fifth and latest home purchase : a $ 24 million as - of - yet unfinished landed estate .
Source : The Real Deal , Variety
Musk initiated his Bel - Air buying fling in previous 2012 , when the then - knight bachelor buy a 1.67 - acre estate for $ 17 million . The 20,248 - square - foot manse has a two - chronicle library , a dwelling field , a gymnasium , and 1,000 - bottle wine root cellar .
Source : Variety
As the loss leader of one of the leading machine - makers , it ’s no surprise Musk has an affinity for cars . Back in 2013 , he pay $ 920,000 at an auction for the Lotus Esprit submarine car used in a James Bond movie . In increase to driving Teslas , he owns two gas - powered cars : a Ford Model T and a Jaguar E - Type Series 1 Roadster .
Source : MONEY , CNBC
Despite having funds to spare , Musk is n’t a lover of lavish vacations — or any vacation for that subject . In 2015 , he tell he ’d only claim two calendar week off since founding SpaceX about 12 eld earlier .
reference : Inc. ,Quartz
Elon Musk tell The New York Times in August 2018 that he has use up to work 120 hours a workweek . " There were time when I did n’t leave the factory for three or four days — days when I did n’t go outside , " he told the Times . " This has really come at the disbursal of take care my shaver . And meet friends . "
Source : The New York Times
Musk has five untested children . consort to a 2014 tweet , Musk say he takes the shaver on an annual bivouacking slip . " I ’m a pretty honest pa , " Musk said . " I have the kids for slightly more than half the week and spend a sightly bit of sentence with them . I also take them with me when I go out of town . "
source : Twitter , Elon Musk : Tesla , SpaceX , and the Quest for a Fantastic Future
In 2012 , Musk signed the Giving Pledge vow to donate the bulk of his wealth during his life . Though he ’s already in the business of improving our environs and the future during his day line of work , Musk has made sizable contribution to causes he care about , include a $ 10 million gift to the Future of Life Institute to modulate artificial intelligence agency .
Sources : Twitter , Business Insider
At the end of the day , the multi - billionaire enjoys cheap hobbies like hear to music , playing video games , and reading ledger . " Hang out with nipper , see friend , normal material , " he said . " Sometimes go crazy on Twitter . But usually it ’s work more . "
author : Quartz
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