[Latest] Elon Musk Net Worth 2024: Salary, Net Worth in Rupees (INR), Income

Who is Elon Musk?

Elon Musk is a South African-born American business magnate, investor, engineer and inventor. Musk is the CEO and co-founder of SpaceX, CEO and product architect of Tesla Inc., and chairman of Neuralink. He is also the co-founder and former chairman of SolarCity, co-founder of Zip2 and founder of The Boring Company.

Elon Musk is currently recognized as the world’s richest man, with a net worth of $290 billion, according to the Bloomberg Billionaires Index. The $26.5 billion increase follows Donald Trump’s recent victory in the U.S. presidential election, causing a sharp rise in Tesla’s stock price, up 14.75%.

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Musk’s wealth mainly comes from his shares in Tesla and SpaceX. Tesla is an electric car maker aiming to accelerate the world’s transition to sustainable energy, while SpaceX was founded with the goals of lowering the cost of space transportation and colonizing Mars.

Elon Musk remains one of the most influential figures in technology today, shaping the industry with his innovative approach and bold ideas.

For more information, read Elon Musk’s biography.

Elon Musk
net worth:	$198 billion
salary:	US$2.4 billion (approximately)
Monthly income:	$200 million (approximately)
Date of birth:	June 28, 1971
age:	52 years old
high:	1.80M (5’11”)
Country of Citizenship:	United States, Canada and South Africa

Elon Musk’s early career

Musk’s career began in 1995 when he and his brother Kimbal founded Zip2, a company that provided online content publishing software for news organizations. In 1999, the company was acquired by Compaq for nearly $300 million. After selling Zip2, Musk co-founded the online payments company X.com, which later became PayPal and was acquired by eBay in 2002 for $1.5 billion.

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Musk’s foray into the automotive industry began in 2004, when he became a majority owner of Tesla Motors, which designs and manufactures electric vehicles, energy storage systems and solar panels. Under Musk’s leadership, Tesla has become a leader in the electric vehicle market and has released a number of successful models, including the Tesla Roadster, Model S, Model X and Model 3.

In 2006, Musk co-founded SolarCity, a company that provides solar panel installation and energy management services. In 2016, SolarCity was acquired by Tesla for $2.6 billion.

Musk is also the CEO and co-founder of SpaceX, which designs and builds advanced rockets and spacecraft. SpaceX has made headlines for its successful launches, including the first privately funded liquid-fuel rocket to reach the International Space Station, and its plans to colonize Mars. In addition to his work in the automotive and aerospace industries, Musk is chairman of Neuralink, a company developing implantable brain-computer interfaces.

Elon Musk Net Worth 2024

Musk’s net worth has grown significantly over the years due to the success of his companies and his holdings. As of 2024, Elon Musk’s current net worth is estimated to be over Rs. 2,407 Crores INR.

In other words, Elon Musk’s net worth (in billions) is approximately $290 billion.

Elon Musk’s salary and earnings

According to Forbes, Elon Musk is the second richest person in the world after Louis Vuitton owner Bernard Arnault. Thanks to his investments in space exploration, electric vehicles and renewable energy, Musk’s total net worth reaches $290 billion.

Elon Musk Net Worth Current Updates

• Musk’s net worth peaked at $340 billion in November 2021.
• Elon Musk, whose current net worth is estimated at $173 billion, has lost a staggering $200 billion.
• According to Bloomberg, Musk is the first billionaire in history to lose $200 billion.
• Musk’s biggest source of income is Tesla (TSLA), whose stock price fell 65% in 2022. Tesla’s stock price and Musk’s personal wealth did not benefit from his $44 billion acquisition of Twitter.
• Musk, Tesla’s largest shareholder, has sold $23 billion worth of stock since making his interest in Twitter public in April.
• Musk was once the richest man in the world, with an astonishing net worth that almost no one could match. However, at the end of 2022, his title of “Earth’s Richest Man” was replaced by Bernard Arnault, chairman and CEO of LVMH Group. Since then, Musk has remained at No. 2 on the billionaire list.
• Recently, according to Forbes, the stock price of Tesla, the eccentric billionaire’s car company, rose 4.6% to $235 on June 8, rising for the tenth consecutive day.
• The gains helped Elon Musk regain his status as the world’s richest man. According to Forbes, Musk’s current net worth is $220.2 billion, $4.2 billion more than Bernard Arnault.
• However, after the close, Arnault came out on top, once again pushing Musk into second place.
• On July 20, as Tesla’s stock price plummeted, Musk’s wealth dropped by $20.3 billion.
• In February 2024, Jeff Bezos replaced Elon Musk and became the world’s richest man.

Elon Musk Homes and Real Estate

The eccentric billionaire has publicly committed to being “homeless” and currently lives in a modest $50,000 estate in Boca Chica, Texas, despite having unlimited access to some of the world’s best villas and mansions.

I am selling almost all my physical possessions. Won’t own any house. — Elon Musk (@elonmusk) May 1, 2020

What cars does Elon Musk own?

Billionaire Elon Musk owns many luxury and vintage cars. Below is a list of all the cars he owned.

Elon Musk car collection	price
1978 BMW 320i	$1,400
1967 Jaguar E-Type	$40,000
1997 McLaren F1	$815,000
2006 Harman BMW M5	$103,500
2008 Tesla Roadster	$98,950 USD
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1976 Lotus Esprit “Wet Nellie”	$920,000
2012 Porsche 911 Turbo	$154710
1920 Ford Model T	$850
Tesla Model X	$94,990 USD
Tesla Model 3 Performance	$58,990
2019 Tesla Model S Performance	$20,000
Tesla Cybertruck	$69,900

Does Elon Musk have philanthropy?

Elon Musk chairs the Musk Foundation, whose stated goals are to promote research, development and lobbying, as well as aid science and engineering education programs. Nearly half of the foundation’s $25 million in direct donations to nonprofits between 2002 and 2018 went to Musk’s OpenAI, which was then a nonprofit. Since 2002, the foundation has made more than 350 donations.

In 2021, the billionaire donated $55 million to the then-St. Jude Children’s Research Hospital in Memphis, and later donated $54 million to the X Prize Foundation.

Some interesting facts and quotes about Elon Musk

Interesting facts:

• At age 12, Elon Musk created a video game and sold it to a magazine. PC and Office Technology magazine purchased the space combat game “Blastar” for $500.
• Musk also worked at a video game startup rocket science.
• Elon Musk owns a custom James Bond car, Wet Nellie. The Wet Nellie featured in the movie “The Spydermen” is a purpose-built Lotus Espirit submersible car.
• The billionaire appeared in the animated sitcom “The Simpsons” in the episode “Musk Falls to Earth.”

quotation marks:

• “If you get up in the morning and think the future is going to be better, then today is a bright day. Otherwise, it’s not.”
• “There must be a reason why you get up in the morning and want to live. Why do you want to live? What is the meaning of living? What inspires you? What are your passions for the future? If the future does not include going out as an interplanetary species, Being among the stars, I find it incredibly frustrating.”
• “Perseverance is important and you shouldn’t give up unless you are forced to.”
• “The first step is to determine that something is possible; then the probability will occur.”
• “I think it’s possible for ordinary people to choose to become extraordinary.”

Musk has faced controversy and criticism over the years, including his management style, public statements and involvement in various lawsuits. However, his innovative ideas and ambitious plans for the future have made him a controversial but influential figure not only in the tech industry but around the world.

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Category: Optical Illusion