Elon Musk: What are the organizations founded by the richest man in the world?

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Elon Musk is not only the controversial multimillionaire who faces a lawsuit against Twitter after refusing to fulfill the purchase contract for 44 billion dollars but is also the richest man in the world with a fortune of 300 billion dollars.

Musk’s wealth is also worth far more than the combined fortunes of former Microsoft CEO Bill Gates at $136 billion and Steve Ballmer at $100 billion, as well as Google co-founders Larry Page at $120 billion. dollars and Sergey Brin 115 billion dollars.

And to give you an idea of ​​the magnitude of the wealth of the former partner of the singer Grimes, his wealth is only about 35 billion dollars less than the gross domestic product of his native South Africa, whose GDP is 335 billion dollars, according to the World Bank. Musk’s net worth exceeds the GDPs of Colombia, Finland, Pakistan, Chile and Portugal. But how did the South African tycoon get this fortune?

How did Elon Musk start his fortune?

Elon Musk is known worldwide for being the owner of the Tesla electric car brand; however, this is just one of the many companies the tycoon owns.

Musk’s first company was in 1995 when he co-founded Zip2 Corp., a company that develops online city guides. Company he sold for $307 million to co-found X.com, an online banking and financial services company; which merged with Confinity, and was renamed PayPal in 2001.

In June 2002, Musk sold his Paypal company to Ebay in a $1.5 billion deal and Musk pocketed $165 million.

By 2004, Musk breaks into the big leagues when he joins Tesla as chairman of the board and oversees the initial round of investment funding. And, in 2008, he becomes CEO and Product Architect of Tesla.

What are Musk’s big companies?

Tesla

Tesla is a company founded in 2003 and led by Elon Musk since 2004. This company designs, manufactures and sells electric cars, components for the propulsion of electric vehicles, solar roofs, photovoltaic solar installations and domestic batteries. In addition, it is preparing to commercialize the first humanoid robot called Optimus, which will start production in 2023.

SpaceX

It is an aerospace manufacturing and space transportation services company based in Hawthorne, California. It was founded in 2002 by Elon Musk with the aim of reducing the costs of traveling to space to facilitate the colonization of Mars.

Neralink

Neuralink is a nanobiotechnology company founded by Musk that aims to integrate the human brain with artificial intelligence. The company was founded in 2016.

star link

It is a project of the company SpaceX for the creation of a constellation of internet satellites with the aim of providing a broadband internet service, low latency and global coverage at low cost. So far it has launched 2,600 Starlink satellites, of which some 2,350 are still in orbit and approximately 2,320 are operational.

Open AI

It is a company that was founded in 2015 and works on non-profit artificial intelligence research that aims to promote and develop friendly artificial intelligence, in such a way that it benefits humanity as a whole.

The Boring Company

The Boring Company is an excavation and infrastructure company founded by Elon Musk at the end of 2016. One of its main tasks is to build Las Vegas Loop underground tunnels.

These are just some of the companies that are part of the estate that the 51-year-old businessman who was also about to become the owner of Twitter owns to inherit to his children. So far, the tycoon is known to have nine children; five children he had with his first ex-wife Justine Wilson (2000 to 2008); two with Canadian singer Grimes (2018 to 2022) and two newly discovered twins he had with Shivon Zilis, director of operations and special projects at Neuralink. Can you imagine how he will distribute his fortune?

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Elon Musk: What are the organizations founded by the richest man in the world?