Elon Musk Net Worth Graph
Elon Musk Net Worth, Updated 2020 February
Elon Musk net worth graph
According to Forbes, Elon Musk net worth graph continues to increase and reach to $32 Billion in 2020. This is very exciting news because we see Elon Musk doubled his net worth only in 3 years.
Elon Musk is one of the most popular names which we hear very often, during recent years. Because of this, he is named as “Elon Musk richest man“. But this is not true at all.
In fact Elon Musk Net Worth 2019 is around $27 B
You can see in the below graph that in 2017 it was only $ 16 Billion. Elon Musk’s net worth 2019 was near $27 Billion.
Elon Musk net worth over time
In the mind of Elon Musk, very interesting ideas were turning in 2005. In order for humanity to survive, it had to be opened to other planets. However, he was quite uncomfortable with the high costs of rocket launchers. For this reason, he founded SpaceX to make rockets with lower costs and designed the first two rockets Falcon 1 (2006) and Falcon 9 (2010) at much lower costs than their competitors.
The third rocket they prepared, Falcon Heavy, almost doubled the carrying capacity of its biggest competitor, only at a third of its cost. SpaceX also designed a spacecraft called Dragon to supply it to the International Space Station. Musk started working on reusable rockets to reduce the costs of spaceflight and experimented with short flights with the Grasshopper rocket.
Elon Musk travel starts in 1995
From the very beginning, the Elon Musk net worth story starts in 1995.
Elon Musk took the first step into the entrepreneurship world with his brother Kimbal. With the support of their father and the funds provided by angel investors, they founded the software company Zip2 in 1995. However, after a while, some problems started to occur.
Musk wanted to be CEO, but the board of directors opposed it. In 1999, when the dot-com balloon started to reach its peak, the board sold Zip2 to Compaq and Musk made $ 22 million from this sale. In the same year, Elon Musk founded the online banking firm X.com with 10 million dollars of this money.
A year later, he bought another company, Confinity, that offers online financial services. This company had a money transfer service called PayPal. With PayPal becoming the most important function of the company in a short time, X.com focused on this and the company name changed to PayPal.
However, after a while, problems began to arise between Musk and the board of directors, and Musk was removed from his post as chief executive. This process was followed by the sale of PayPal to eBay. Musk made $ 165 million from this sale.
Elon Musk’s net worth over time changed always positively. He came to this level in a short time. When he sold Paypal in 2002, he had nearly $180 M. So, Elon Musk net worth multiplied by 150 times in less than 20 years. Not bad).
Elon Musk’s net worth 2018 was $22 B.