Elon Musk is value 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

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

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

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

Regardless of a large web value 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, reviews 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 objectives and the inventory worth rises throughout that point interval, it “might web 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 might doubtlessly overtake Amazon CEO Jeff Bezos because the richest individual on this planet.

TOP NEWS  Tesla bought slammed with virtually $30,000 in fines after California regulators discovered its manufacturing tent riddled with security hazards (TSLA)

A infamous workaholic, Musk does 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 one in all his 4 Los Angeles mansions on the finish of the day.

Scroll by means of to search out out what we learn 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 value $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 baby rising up in South Africa, Musk taught himself to code. By the point he was 12, he offered 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 sequence of exhausting labor jobs, together with shoveling grain, slicing logs, and ultimately cleansing out the boiler room in a lumber mill for $18 an hour — a powerful wage in 1989.

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



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

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



See the remainder of the story at Enterprise Insider

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