Elon Musk is price about $23 billion and has by no means taken a paycheck from Tesla — here is how the infamous workaholic and father of 5 makes and spends his fortune

Share with your Friends
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Elon Musk

  • Elon Musk, CEO of Tesla and SpaceX, has a internet price round $23.6 billion.
  • Musk stated in January he won’t obtain any type of fee or compensation till Tesla reaches $100 billion in market cap.
  • A infamous workaholic, Musk would not spend money on lavish holidays or costly hobbies.

Elon Musk could be the world’s richest rocket scientist.

The 47-year-old CEO of Tesla and SpaceX and cofounder of OpenAI has stated he will not be completely happy till we have escaped Earth and colonized Mars. Fortunately, he has the thoughts and the cash to make it occur.

Regardless of a large internet price hovering round $23.6 billion, Musk has by no means taken a paycheck from Tesla, refusing his $56,000 minimal wage yearly.

Again in March, Tesla shareholders authorised a plan awarding Musk $2.6 billion in inventory choices, stories CNBC, which can vest in 12 tranches, or parts, as the corporate hits key milestones over the following decade. The $2.6 billion quantity was March 21 present inventory worth. U.S. Information notes that if Musk meets the targets and the inventory worth rises throughout that point interval, it “may internet him greater than $50 billion.”

In January, Tesla introduced it will pay Musk nothing for the following 10 years — no wage, bonus, or inventory — till the corporate reaches a $100 billion market cap. If and when that occurs, Musk may probably overtake Amazon CEO Jeff Bezos because the richest particular person on the earth.

TOP NEWS  The way to Stop Burn-In on AMOLED Screens and AMOLED Shows

A infamous workaholic, Musk would not spend money on lavish holidays or costly hobbies. As an alternative, the entrepreneur spends most of his time on the workplace or in factories, retreating to considered one of his 4 Los Angeles mansions on the finish of the day.

Scroll via to search out out what we find out about how Musk, a father of 5, amassed his fortune and the way he spends it.

SEE ALSO: Mark Zuckerberg and his college-sweetheart spouse, Priscilla Chan, are price $74 billion — see their homes, automobiles, and travels

DON’T MISS: A have a look at the demanding schedule of Elon Musk, who works in 5-minute slots, skips breakfast, and largely avoids emails

As a toddler rising up in South Africa, Musk taught himself to code. By the point he was 12, he bought the supply code for his first online game for $500.

Supply: MONEY



Simply earlier than his 18th birthday, Musk moved to Canada and labored a collection of onerous labor jobs, together with shoveling grain, chopping logs, and ultimately cleansing out the boiler room in a lumber mill for $18 an hour — a formidable wage in 1989.

Sources: MONEY, Esquire – Elon Musk: Tesla, SpaceX, and the Quest for a Unbelievable Future



Musk obtained a pay lower to $14 an hour when he began a summer time internship alongside his brother, Kimbal, on the Financial institution of Nova Scotia after cold-calling — and impressing — a high govt there.

Sources: MONEY, Esquire – Elon Musk: Tesla, SpaceX, and the Quest for a Unbelievable Future



See the remainder of the story at Enterprise Insider

Share with your Friends
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •