Elon Musk Net Worth in Indian Rupees: Elon Musk is an American entrepreneur of South African origin and co-founder of SpaceX, Tesla, Neuralink, Twitter, The Boring Company, and now recently the trending revolutionary AI ChatGPT.
Moreover, he was one of the co-founders of PayPal and later he left PayPal to start SpaceX, which mainly makes spacecraft manufacturers, launchers, and satellite communication corporations.
In this post, I would like to share complete knowledge about Elon Musk, the SpaceX star, and inventor of reusable rockets, and we have covered many interesting points about his journey, biography, charity and real-time billionaires list, sources of income, etc.
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Elon Musk Net Worth Net Worth 2023
| Name | Elon Musk |
| Net Worth | $180.4 Billion |
| Net Worth in Indian Rupees | ₹18+ Lakh Crores |
| Salary | ₹4-6 Crore INR |
| Annual Income | $10+ Billion |
| Occupation | Entrepreneur |
| Nick Name | Elon |
| Nationality | American |
last updated on 09:15 AM, 13,03,2023
As of 2023, Elon Musk’s net worth is $180.4 billion, In Indian Rupee terms ₹18 lakh crores, this net worth is the sum total of all sources of income and total assets he owns.
Elon Musk owns a percentage of the revenue and profits of large-scale companies such as SpaceX, Tesla, and others, whose financial growth increases by 30% annually.
Elon Musk has more than 10 sources of income from the businesses he owns and he is always keen to invest in startups and already established businesses.
Annual Growth in Net worth
| Year | Net worth Growth |
| 2023 | $180.4 billion |
| 2022 | $219 billion |
| 2021 | $151 billion |
| 2020 | $140 billion |
| 2019 | $22.3 billion |
| 2018 | $19.9 billion |
| 2017 | $13.9 billion |
A net worth of $13.9 billion in the year ending 2017
SpaceX, owned by Elon Musk, received its first contract from NASA in 2008 after inventing recycling technology for rockets, and the contract agreement between NASA and SpaceX is $1.6 billion for SpaceX for twelve Cargo Dragons and $1.9 billion for Orbital Sciences for eight Cygnus aircraft. , includes the 2016 distributions.
And after successfully launching and completing this deal at the year-end of 2017, the net worth of Elon mask reached $13.9 billion and the overall growth of that year is 22%.
A net worth of $19.9 billion in the year ending 2018
In 2018, Elon Musk’s Tesla stake goes up and down and Elon Musk’s 1 net worth at the end of 2018 is reported to be around $19.9 billion.
During this period Elon Musk faced several controversies due to his tweets regarding Tesla.
A net worth of $22.3 billion in the year ending 2019
In 2019, you can see a growth of only 8% in his overall net worth from all sources of earnings, as he works on several projects and new startups and the total net worth at the end of the year is around $22.3 billion.
A net worth of $140 billion in the year ending 2020
According to CNBC, “Musk added $140 billion to his net worth in 2020, bringing the total to $167 billion as of Monday, according to Bloomberg. That’s good enough to move Musk up a few dozen spots on the list of billionaires. He passed Bill Gates for second place.”
As of early 2020, Musk’s net worth was around $30 billion (still a very healthy number). But Tesla’s extraordinary year boosted that number, as the electric vehicle maker’s stock has exploded more than 650% since the start of the year, thanks to Tesla setting new sales records and reporting its fifth straight profitable quarter.
On December 1, 2020, Musk was awarded the Axel Springer Prize, ranking Musk No.1 among entrepreneurs. The 2020 Year List from Fortune Magazine.
A net worth of $151 billion in the year ending 2021
Time magazine has named Elon Musk as its “Person of the Year 2021,” and while he’s spending a good amount during the Covid pandemic, the boost in company assets means Musk should become more active philanthropically.
Private foundations in the US must spend 5% of their assets each year on charitable causes. In 2021, Musk sent nearly $160 million to nonprofits in the calendar year he donated from his organization, and his net worth was reported to be about $151 billion at the end of the year.
A net worth of $219 billion in the year ending 2022
Forbes reports that Elon Musk donated $1.9 billion worth of Tesla stock to charities last year, and he acquired Twitter for $44 billion, with a year-end net worth of $219 billion.
Sources: Forbes
Elon Musk Biography & Early life:
Elon Musk was born in Pretoria, South Africa, on June 28, 1971. Errol Musk, his father, is a South African electromechanical engineer, and Maye Musk, his mother, is a Canadian model and dietitian. Kimbal and Tosca are Elon’s younger siblings.
Elon illustrated an early aptitude for computers and entrepreneurship. At the age of 12, he created Blastar, a video game that he sold to a computer magazine for $500. Musk’s early interest in computing continued into his adolescence when he founded Zip2, a web software company that was eventually sold to Compaq for nearly $300 million.
Musk left South Africa in 1988, after obtaining a Canadian passport, because he was unwilling to support racism through compulsory military service and sought greater economic opportunities in the United States. Musk attended the University of Pennsylvania and majored in physics and economics. During this period, he co-founded Zip2 with his brother Kimbal.
Musk went on to found several successful companies after selling Zip2, including PayPal, SpaceX, Tesla, and SolarCity. With a net worth of more than $200 billion, Musk has become one of the world’s most successful and influential entrepreneurs.
Despite his incredible success, Musk has faced his share of setbacks, including several failed rocket launches and production delays at Tesla. Nevertheless, he remains a visionary leader who continues to push the boundaries of what is possible in fields such as space travel, electric cars, and sustainable energy.
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His Popular Business startups and others
Spacex:
SpaceX, founded on March 14, 2002, by Space Exploration Technologies Corporation, is an American spacecraft manufacturer, launcher, and satellite communications corporation headquartered in Hawthorne, California.
Elon Musk and Tom Mueller are the co-founders of this SpaceX, and Elon Musk is the sole CEO of this SpaceX since 2002, moreover, it is worth about $100 billion.
SpaceX works prominently with several space research organizations and in 2008 received its first contract worth $1.6 billion from NASA.
Tesla:
Tesla was founded on June 1, 2003, and is another invention of Elon Musk, who has been the CEO of this business since 2008, and the founders of Tesla are Elon Musk, Martin Eberhard, JB Straubel, Mark Tarpening, and Ian Wright.
Furthermore, Tesla is an American multinational automotive and clean energy company, and it mainly manufactures electric cars and battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services.
Talking about the valuation of this company, according to GoBankingRates.com it is valued at $104.24 billion and its share price on 13th March 2023 was $173.44.
The Boring Company
The Boring Company was founded in 2016 by Elon Musk, who is known for working with Tesla, SpaceX, and other ventures. The company aims to reduce traffic congestion in cities by building underground transport tunnels.
The Boring Company’s main project is to create the Loop, a high-speed transit system that includes tunnels for electric vehicles to travel at high speeds. The Loop allows faster and more efficient transportation between different parts of the city without adding to the already heavy congestion on the roads.
The Boring Company, in addition to the Loop, has worked on other tunnel projects, such as the Las Vegas Convention Center Loop, a transit system designed to move people quickly around the convention center, And its valuation is around $5.7 billion,
Neuralink
Founded in 2016, Neuralink is an American neurotechnology company based in Fremont that develops implantable brain-computer interfaces that help disabled patients move and communicate again and restore vision.
Charity work
Business magnate Elon Musk has always been at the forefront of running a successful business or spending on donations and charity, let’s know how much he spends annually on donations and charity from his pocket.
- Tesla chief executive Elon Musk donated shares worth around $1.95bn (£1.6bn) in his electric car maker last year [2022].
- The $5.7 billion in Tesla shares Elon Musk donated to an unnamed organization in late 2021 went into his own charitable arm, immediately becoming one of the largest foundations in the US,” according to Fortune.com.
The Musk Foundation is a non-profit organization founded in 2002 by Elon Musk and his brothers for various – renewable energy research and advocacy, human space exploration research and advocacy, children’s research, science and engineering education, and safe artificial intelligence development for the benefit of humanity.
Unknown Facts About Elon Musk
- He invented a game called “Blasted” at the age of 12 and sold it to a magazine for $500.
- His first startup was Zip2, and he later sold that company for $307 million.
- After Elon Musk completed his Bachelor of Arts degree in Physics, Science, and Economics, he invented recycling technology for rockets.
- Musk dropped out of Stanford after just two days.
Awards and honors received by Elon Musk
- Time magazine has named Elon Musk as its “Person of the Year 2021”.
- Inc. for work at Tesla and SpaceX. Magazine’s 2007 Entrepreneur of the Year Award.
- In May 2017, Musk was awarded the Oslo Business for Peace Prize.
- Musk has been ranked No.1 in Fortune Magazine’s 2020 Entrepreneur of the Year list.
- The Financial Times named Musk the 2021 Person of the Year for his contribution to accelerating the world’s auto industry toward EVs.
Popularity on Social Media
Elon Musk has good responses from social media users of different platforms among them Elon Musk is mostly active on Twitter and people respond well to Elon’s tweets, And Elon Musk is second on the list of most followed Twitter accounts with 131.2 million followers.
FAQ’s
1]. Why is Elon Musk so famous?
Elon Kasturi was one of the most successful businessmen globally and he takes risky decisions and an extraordinary business that he has achieved for 2 decades he wants to deliver people to Mars.
2]. Did Elon Musk create PayPal?
Elon Musk co-founded the electronic payments firm PayPal and left PayPal after he received his stake.
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