Net Worth of Elon Musk and Other Lessor Known Interesting Facts
Updated on 9 September, 2019 at 2:21 pm By Manali Desai
"What is the net worth of Elon Musk" is likely a Google search most of us, especially those looking for some entrepreneurial inspiration, must have done. Anyone who owns a car or dreams of buying one, has heard the name, Elon Musk. Elon Musk is CEO, lead designer and founder of Space X. He is also the co-founder, product architect and CEO of Tesla, Inc. This is besides being founder and CEO of multiple other technology based organizations. For those who may have been living under a rock, these organizations are those working solidly towards development of sustainable and future oriented technologies.
With that many businesses under his cap, it's no wonder that this guy is listed as the 40th-richest person in the world. In monetary terms that translates to his net worth which is estimated at $19.4 billion (1 crore 95 lakhs approximately). So, what are the details of this huge net worth of Elon Musk then? Let's find out!
His current residence was something he bought way back in 2012 as a bachelor. He purchased the 1.67-acre estate for $17 million (1.7 crores rs) . The mansion built on it is 20,248-square-foot in size and has a two-storeyed library, a home theater, a gym and a wine cellar stocked with 1000 bottles from across the world.
Besides his house (land), Elon Musk net worth also includes $70 million (7 crores) worth of residential property in the Bel-Air neighborhood of Los Angeles. The latest (and the fifth one) home purchase in this includes a $24 million (2.4 crores) estate which is as yet, unfinished.
Entrepreneurial value
With being the founder, co-founder, CEO and whatnot of so many organizations, he is bound to own a lot in terms of company valuation as well. Since going public in 2010, Tesla has paid their CEO Elon Musk, a salary between $33,000 and $54,000 annually (24 lakh to 38 lakh rupees). His stock value in Tesla is currently worth $12 billion (1200 crores). Musk's rocket company SpaceX is now valued at more than $20 billion (2000 crores)
Two private jets
In a story covered by Washington Post, it was revealed that Elon Musk net worth also includes ownership of two private jets. One of these is a $70 million (7 crores) Gulfstream G650ER operated by SpaceX. But the details of the other jet is not known.
The Tesla founder, besides being the owner of 5 Tesla cars (Tesla Model Y, Tesla Roadster, Tesla Model 3, Tesla Model X and Tesla Model S) also owns 8 other luxurious as well as vintage cars. These include a McLaren F1, Porsche 111, Audi Q7, Lotus Esprit, Hamann BMW M5, BMW 320i, 1967 Jaguar Series 1 E-type Roadster and Ford Model T.
Apart from these, Elon's yearly income from Tesla and other companies is between $1.8 million to $6 million.
Surely, this makes it clear why he is one of richest and sought after businessmen in the world right now. His visionary idea about setting up human settlements on Mars will definitely ensure his spot on that list.
Do you know more Elon Musk net worth and assets? Let us know in the comments!
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