Aerospace Engineer, Engineer, Entrepreneur, Investor, Designer, Businessperson, Inventor, Film Producer
What is Elon Musk’s Net Worth?
Elon Musk is a South African-born Canadian-American businessman, inventor and investor. Elon Musk has a net worth of $192 billion. Though he wears many hats and is constantly topping his latest project, he is currently best-known for being as the CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors and chairman of SolarCity. He is also one of the wealthiest people on the planet.
As of this writing Elon Musk owns roughly 20% of Tesla’s outstanding shares and 48% of the privately-held SpaceX. He also controls roughly $50 billion worth of unrealized gains on vested options earned from an extremely ambitious and generous pay package negotiated in 2018.
Net Worth History
On January 1, 2020, Elon’s net worth was $28 billion. He ended 2020 with a net worth of $170 billion.
Elon’s net worth topped $70 billion for the first time on July 10, 2020. At that point roughly $15 billion was attributable to the privately-held SpaceX and the remaining $55 billion was from Tesla.
On July 13, 2020 when Elon’s net worth hit $80 billion for the first time, $15 billion came from SpaceX and $65 billion came from Tesla.
In August 2020 two important factors pushed Elon’s net worth above $90 billion for the first time. First, in mid-August Tesla shares hit an all-time high of $1,900. At that level the company’s total market cap was $350 billion. Elon’s 20% stake was worth $70 billion. The second factor was an increased valuation of SpaceX which was officially confirmed on August 18, 2020. The fundraising round increased SpaceX’s private valuation to $46 billion, up from $36 billion. At a valuation of $46 billion, Elon’s 48% stake adds $22 billion in pre-tax wealth to Elon’s net worth.
On November 17, 2020 Elon’s net worth topped $100 billion for the first time. At that point he surpassed Mark Zuckerberg to become the third-richest person on the planet for the first time.
On November 24, 2020 Elon’s net worth topped $128 billion for the first time. At that point he surpassed Bill Gates to become to the second-richest person in the world for the first time. On that day he was $54 billion away from Jeff Bezos’ $184 billion net worth and his net worth had officially increased $100 billion since January 1, 2020.
On January 7, 2021 Elon’s net worth hit $195 billion. On this day Elon eclipsed Jeff Bezos as the richest person in the world for the first time.
On January 8, 2021 Elon ended the week with a net worth of $210 billion after starting the week worth $170 billion.
Elon takes no salary as CEO of Tesla. He instead has a highly unusual and potentially extremely lucrative bonus plan tied to the company’s market cap milestones. When the plan was forged, Tesla was worth around $50 billion. If and when Tesla reached a market cap of $100 billion – and held that value for six months, Elon would be given a bonus of just under $600 million. There are 12 total milestones based on $50 billion market cap increases. If Elon hits every single milestone (there is no time restriction), he has the ability to earn $100 billion in bonuses.
Elon Musk was born June 28, 1971 in Pretoria, South Africa. Musk bought his first computer at the age of 10 and taught himself how to program. When he was 12 he made his first software sale—a game he created called Blaster. At age 17, in 1989, he moved to Canada to attend Queen’s University, but left in 1992 to study business and physics at the University of Pennsylvania. Musk graduated with an undergraduate degree in economics and continued on to earn a second bachelor’s degree in physics then pursued a PhD in energy physics. He dropped out of Stanford University, however, to become a part of the internet boom.
Musk’s first company, Zip2 Corporation, was an online city guide. In 1999 a division of Compaq Computer bought Zip2 for $307 million in cash and $34 million in stock options. Also in 1999, Musk co-founded X.com, an online financial services/payments company. An X.com acquisition the following year led to the creation of PayPal, as it is known today, and in 2002 PayPal was acquired by eBay for $1.5 billion in stock.
Musk founded his third company, Space Exploration Technologies Corporation (SpaceX), in 2002 with the intention of building spacecraft for commercial space travel. By 2008, SpaceX was well-established and NASA awarded the company the contract to handle cargo transport for the International Space Station—with plans for astronaut transport in the future.
Next was Tesla Motors, an automobile company dedicated to producing affordable, mass-market electric cars. Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning. Elon along with Ian Wright and J.B. Straubel were the company’s first employees and retroactively named co-founders.
With a stake in the company taken by Daimler and a strategic partnership with Toyota, Tesla Motors launched its initial public offering in June 2010, raising $226 million. In 2012, Musk and SpaceX made history when the company launched its Falcon 9 rocket into space with an unmanned capsule. In 2013, he released a concept for a new form of transportation called the Hyperloop, intended for travel at speeds greater than 700 mph to commute between major cities. As opposed to railroads, the Hyperloop would use tubes for transportation. Musk says the Hyperloop could take from 7 to 10 years to be built, tested and ready for use.
Elon Musk Net Worth Details
As of this writing, Elon Musk owns 48% of rocket maker SpaceX and 20% of Tesla. He also owns 57 million vested Tesla options.
He has reportedly pledged 11 million shares as collateral against his personal obligations which, according to documents filed as part of a defamation lawsuit, includes around $500 million in personal debt and bank loans.
In a 2019 legal deposition, Musk explained that he actually is somewhat cash-poor and that 99% of his personal wealth is attributable to shares in Tesla and SpaceX. The lawsuit also revealed that Musk’s base salary at Tesla is $56,380. He declines the salary in most years. Musk has $500 million worth of debt, $209 million of worth is owed to Morgan Stanley. At least $60 million of his Morgan Stanley debt is home mortgage-related. Roughly $213 million worth of his debt is owed to Goldman Sachs.
Nearly 50% of his Tesla shares are pledged as collateral to Goldman and Morgan Stanley. He reportedly burned through all of his liquid cash from previous business sales to launch SpaceX.
Tesla Compensation Plan
In January 2018, the Tesla board unveiled a compensation plan for Musk that could potentially be worth $100 billion. The plan calls for Musk to receive up to $100 billion in stock options over a decade in 12-tranches. The first chunk of options are granted once Tesla hits a market cap of $100 billion (roughly double the value when the plan was announced). From that point on, Elon gets another of the tranches every time the company increases in market cap by $50 billion.
Long story short, if Elon managed to grow Tesla’s market cap to $650 billion, he would earn out the full $100 billion.
If he does not achieve any of the 12 tranches, he gets zero compensation. In other words, because Elon declines his base salary, he receives no compensation at all until he hits $100 billion market cap, the first milestone.
Elon has been married three times, twice to the same woman – actress Talulah Riley. He was married to Canadian author Justine Wilson from 2000 to 2008. They share five sons. He has also been romantically involved with actress Amber Heard and Canadian musician Grimes. In May 2020, Grimes and Elon welcomed a baby boy named X Æ A-Xii.
Real Estate Holdings
Elon previously owned $100 million worth of real estate in California alone. In the Northern California town of Hillsborough he continues to own a 100-year-old, 16,000 square-foot villa that sits on nearly 50-acres. He bought this house for $23.364 million in 2017.
In Southern California he at one time owned six homes in the Los Angeles neighborhood of Bel-Air. His Bel-Air footprint included a 20,000 square-foot house that he bought for $17 million in 2012, a 7,000 square-foot house he bought for $20 million in 2015 and a 9,300 square-foot house he purchased in 2016 for $24.25 million. In 2020 Elon stunned the world by announcing his intention to sell all of his worldly possessions, starting with his LA homes. True to his word, he proceeded to sell off each home. He sold four homes at once to one buyer in December 2020.
All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we (Estherblog.com) work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
Thompson is best known for her appearances on the TV shows ‘Falcon Crest,’ ‘24’ and ‘Babylon 5’. She is also known for her voice work on several films and TV shows.
Following graduation from high school, she moved to New York to pursue a career in modeling. Her unique voice and brilliant acting skills have inspired many young talents in the show business.
As of 2021, Andrea Thompsons’ net worth s estimated to be roughly $3 million.
Andrea Thompson was born on the 22nd of May, 1959, in Ohio.
In 2001, she joined CNN as an evening anchor for ‘Headline News.’ After leaving CNN, she went to work for Court TV, contributing to the shows Forensic Files’ and ‘NYPD Blue,’ as well as the documentary ‘The System.’
Thompson grew up with three siblings. In 1987, she married David Guc, who she divorced in 1990. She had a son in 1992. She went to marry actor Jerry Doyle in 1995. They divorced in 1997.
Thompson began her career as a voiceover artist. Her debut film role was in the movie ‘Wall Street’ in 1987. In 1989, she was cast on the soap opera ‘Flacon Crest.’ In 1991, she played Nurse Helen Caldwell in the movie ‘Delirious.
She was cast on the science fiction television series ‘Babylon 5’ ss telepath Talia Winters in 1993. Thompson left the series at the end of its second season.
Thompson joined the cast of ‘JAG’ as Commander Alison Krennick. She was among many actors who left the show when it was canceled by NC. She then went to play on four seasons of the crime drama ‘NYPD Blue,’ leaving in April 2000 to pursue a career in journalism.
Thompson started her journalism career in 1999. During this time, she also took a writing seminar with KGO-TVäs feature reporter Wayne Freedman. She started her work with CBS affiliate KRQE in Albuquerque. Thompson joined CNN Headline News as an evening anchor in 2001.
Nude pictures and videoclips of Thompson were taken from her 1980s-era movies also began circulating on the Internet, causing some embarrassment for CNN.
After she left CNN, she went to work for Court TV, introducing episodes of NYPD Blue and Forensic Files, as well as narrating the documentary series ‘The System.’
As of 2021, Andrea Thompson’s net worth is estimated to be roughly $3 million.
Here are some of the best highlights of Andrea Thompson’s career:
Nightmare Weekend (Movie, 1986)
Wall Street (Movie, 1987)
Delirious (Movie, 1991)
A Gun, a Car, a Blonde (Movie, 1997)
Favorite Quotes from Andrea Thompson
“They’re both two different types; apples and oranges. The presence you have on stage is very different than what exists on television and film. Being on stage is very expensive. You have lots of room to roam around[.] Theres a mark, and you can’t move away from it.”– Andrea Thompson
“You know it was about paying the bills. There are series you stay on, and there are series you leave. It depended on how much producers were willing to pay me; it was certainly a mixed bag, but I always worked. I was very fortunate and was glad to not have to work an actual day job.”– Andrea Thompson
“The best role I was blessed with was NYPD Blue. The production quality and writing- it broke so many boundaries. It really made a huge change in the industry. It was gritty and groundbreaking. Steven Bochco knew how to hire the best and trust the best. He was very hands-on; he was on the set quite a lot and there to observe, let them do their job.
“Well, when you’re younger and have kids, you don’t want something thats making you travel around the world. Certainly i could’ve done so, but there was so much stability. There were lots of movies I auditioned for that would’ve shot in LA or Vancouver.” – Andrea Thompson
“The latter film was such a cool experience. Tom Epstein.. shot it all in 17 days. Everything was on film and taped together. Tom has a long track record… worked a lot with buddy Billy Bob Thornton. His other friend Robert Duvall also visited the set a lot, he was a tango lover.”– Andrea Thompson
3 Life Lessons from Andrea Thompson
Now that you know all about Andrea Thompson’s net worth and how she achieved success; let’s take a look at some of the lessons we can learn from her:
Acting is a sense of wonder and magic and mystery for me and when life takes me on a new journey.
It’s only a house when it’s filled with people you love. A family is the purest form of love and acceptance. No one knows you better than your family does.
3. Move Forward
When life takes us on a new journey, we simply need to remember the smile we had on our face when we moved forward.
Andrea Thompson is an American actress who is best known for starring in the TV series ‘Falcon Crest,’ ‘Babylon 5,’ ‘JAG,’ ’24,’ and ‘NYPD Blue.’
She appeared in the movies ‘Manhattan Gigolo’ and ‘Nightmare Weekend’ in 1986. From 1994 to 1995, he starred as Talia Winters on the series Babylon 5.’
She has been nominated for Screen Actors Guild Awards for Outstanding Performance by an Ensemble in a Drama Series for NYPD Blue in 1998, 1999, and 2000.
As of 2021, Andrea Thompson’s net worth is estimated to be roughly $3 million.
What do you think about Andrea Thompson’s net worth? Leave a comment below.