How does Elon Musk make his money? Net worth 2022 in a nutshell

How does Elon Musk make his money? Net worth 2022 in a nutshell

Elon Musk, the CEO of SpaceX and Tesla, is the richest person in the world.

After eBay acquired PayPal for $1.5 billion in 2002, Musk used his personal wealth to fund his new ventures: Tesla and SpaceX.

Most of Elon Musk’s wealth comes from Tesla, noting that he's the major shareholder in the company with a 24% stake.

He owns a 48% stake in SpaceX, which is valued at $46 billion.

The Boring company was valued at $5.7 billion in its latest funding round in April 2022 after it raised $675 million.

Elon Musk’s estimated net worth is $254 billion in 2022.

In April 2022, Musk disclosed a 9 percent stake in social media company Twitter.

Musk and Twitter are in the middle of a clash for the takeover of the company in a $44 billion deal.