Elon Musk: All You Need to Know About the Tesla Founder
Elon Musk, the new sensation of the billionaire world, is currently in news for becoming the wealthiest person in the world. The founder of Tesla is a South-African born business magnate who is also an industrial designer and engineer. He overtook the place of Amazon leader Zeff Bezos. The chief executive of Tesla created a revolution in the car industry with his electric car company Tesla Inc. which is also associated with his another venture, SpaceX.
Experiencing Huge Rise Before Falling a Little
Musk fully owns the major portion of Tesla with 21% of its bitcoin cryptocurrency. Over the years Tesla has seen steady growth in its market share and the wealth of Elon Musk reached $185 billion (Report of CNBC). In 2020, he tasted a powerful success in auto production and Tesla became the best car company of that summer. The stock share has risen significantly with more than a 700 profit which gives it an entry into the prestigious S&P index. In 2018 Musk launched his first spacecraft vehicle SpaceX which currently has a value of $46 billion.
In the same year, Mr Musk has seen a downfall with a false Twitter allegation of taking Tesla private. Later he got sued by the US Security Exchange Commission which stepped him down from the chairman position of Tesla. Additionally, he paid $20 billion as compensation for that fraud allegation.
Elon Musk’s Other Ventures
Along with Tesla and SpaceX, he also was the major shareholder of PayPal which is now bought by eBay with a net worth of $1.5 billion in stock. Elon Musk is also the co-partner of ventures like The Boring Company, Neuralink and SolarCity withholding a share of $2 billion.
Just recently, Elon Musk declared himself a techno-king, and his fans seem to can’t have enough of it, making him one of the most influential billionaires of our time and beyond.