ELON Musk is the eccentric billionaire behind some of the world’s most innovative companies including SpaceX and Tesla. He hit the headlines in 2020 by naming his newborn baby X Æ A-12 before launching USA’s first manned spacecraft into orbit since 2011. What is Elon Musk’s net worth? Self-made billionaire Elon Musk is the richest person on the planet with an estimated personal fortune of $185bn (£136bn). A notorious workaholic, he doesn’t spend his money on lavish vacations or expensive hobbies. Instead, the entrepreneur spends most of his free time at the office or in factories. At the end of the day he heads back to one of several Los Angeles mansions he owns.How did he make his fortune? In 1995 he and his brother Kimbal started software firm Zip2, which created internet city guides for the New York Times and Chicago Tribune. Four years later Elon pocketed $22million when the firm was sold to Compaq. Later in 1999 he founded X.com, one of the world’s first online banks, which merged with PayPal the following year. Musk, who held 11.7 per cent of PayPal shares, scored a huge payday when the firm was bought by eBay for $1.4bn in 2002.He went… Read full this story
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