Elon musk biography, net worth, earnings, assets, companies owned. In 2017 sci- ilec was a tech entrepreneur and engineer who is the co-founder of rocket company SpaceX. He has a net worth of $19.2 billion as of January 2018 and is the 271st richest person in the world according to Forbes magazine. Musk co-founded Tesla in 2003 with Martin Eberhard and Marc Tarpenning after selling his registration rights for PayPal to eBay for $180 million dollars.
He was the CEO of Tesla until stepping down in June 2008 and remaining as Chairman of the board. The history of Tesla begins in 2003 when Elon musk, who had previously sold his PDF technology to PayPal for $180 million, met with Martin Eberhard and Marc Tarpenning to discuss creating an electric vehicle company. Musk referred to the idea of building an electric car as “the Silicon Valley approach” in reference to how Silicon Valley’s venture capital firms invest and are “more interested in corporate technology than it is about pursuing a hybrid IPO” according to a 2008 TED talk Musk gave titled The Secret To Success.
Eberhard recalled Musk’s initial impression of a small, sporty car: “I was pitching him, and he was essentially bored. I said, ‘It’s just small.’ He said, ‘There’s just not going to be a market for a small, sporty car.’ And I said … ‘What about if it was an electric sports car?’ Then he said something very interesting: ‘Well, it would still be too expensive. There’d be no point in buying it if it was of the same price as a regular sports car.'” Eberhard went on to explain that Musk had calculated the vehicle would cost $30k and the battery pack alone would cost $15k. After a month’s discussion, Musk was ultimately convinced that electric cars would eventually become mainstream and decided to start Tesla.
As of January 2008, Musk owns around 14% of Tesla’s total stock. Tesla is based in Fremont, California and specializes in making sport utility vehicles and affordable luxury sedans with electric powertrains. By the end of 2007, Musk began setting up the first factory for his hundreds of car dealerships, which began production in December 2007. The company publicly unveiled the first model of its line at the 2008 North American International Auto Show (NAIAS) in Detroit.
Tesla’s initial launch model, the Roadster, was powered by a rear-mounted electric motor and had a range of 300 mi (483 km). The car was sold for US$109,000 (or about £75K with exchange rates at the time). Two updated versions of the Roadster were sold for $109,000 each. All three models come standard with built in all wheel drive and Tesla claims six-figure performance. In 2009 Tesla unveiled the Model S. It is a four-door all-electric luxury sedan, with a starting price of $62,400.
The Model S’s battery pack provides a range of more than 200 miles (320 km), and the car can accelerate from 0 to 60 mph (97 km/h) in 4.2 seconds and has an estimated top speed of 130 mph (209 km/h). Equivalent to an M3 performance car, the Model S has received stellar reviews from automotive journalists for its handling and design. In 2014, Tesla announced that its new products would include both electric vehicles and energy storage systems such as Powerwalls and stationary storage batteries.
Another thing to note is that this is just one billionaire’s net worth. There are plenty of other billionaires who have been pulling in billions of dollars and the top 1% own 98% of the world’s wealth. It’s not hard to imagine all the money in the world if you think about it. If you took every dollar in the world and put them into one pile, there wouldn’t be enough to cover all the stacks on top of it. The richest 1% control half of that money, or about $540 trillion, which is about $3 million per person. If you took all the billionaires’ money, there would be enough to make a stack that would stretch from Earth to Pluto 40 times over . That’s a hell of a lot of moolah.
The above is an edited version of a post I wrote back in 2010 on Billionaires. In case it’s been awhile since you read it, here’s a refresher: The richest 1% own more than half of the world’s wealth while they make up less than 1% of the world’s population. As of 2010, there were 3,500 billionaires on the planet with a collective net worth over $6 trillion. That same year only 7 million people in the US had health insurance. The average US household is $13,000 in debt.
The number of Americans in poverty have been rising steadily since the 1970s. In 2010 the US incarceration rate was 751 per 100,000 people. Today it’s over 800 per 100,000.
What a lot of people don’t realize is that money isn’t everything. It can buy you pretty much anything you want but it can’t buy you happiness nor can it make you a better person nor does having money automatically mean that someone has more talent or skill than someone else just because they may be more successful .
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