Recently, Elon musk Tesla became the most valuable united states automaker in history reaching the record high market value of eighty 86.5 billion dollars company. That started in 2003 beating out long term companies like Ford and GM by a good 10 to 20 billion is quite a surprise and people are certainly reacting.
Chances are unless you are living under a rock, you have heard Elon musk. When it comes to billionaires who have been in the spotlight he’s the most eclectic billionaire around. And with a net worth of around 29 billion, he is one of the wealthiest people out there.
But could he be wealthier? Could he dethrone Jeff Bezos to become the richest man on the planet?
Could he go as far as to become the world’s first-ever trillionaire?
We are going to take a look at how wealthy Elon could become.
But first we have to look at where he came from?
From journey back to South Africa then Canada then Pennsylvania then, well this guy has been all over the place.
Born in South Africa, Elon musk was pretty much said to be a tech nerd from the get-go. He taught himself to code and sold his first bit of videogame at the age of 12 in middle school.
At high school, he was frequently bullied by people who probably feel pretty stupid about that now as a fellow nerd who got a few shoves back in the heyday.
I have got to say success is the sweetest revenge.
He went to go to college in Canada than in the united states. Where he paid for his rent by turning his college into a speakeasy and charging 5 bucks ahead. Entrepreneurs come in all forms, don’t they?.
After earning his bachelor’s degree in physics and economics, he went on to form a startup, with hins brother called zip2, which was basically an internet Yellowpages with a map included .all the businesses that were around were around before smartphones.
Four years later in 1999 he sold Zip2 for 307 million in Dallas earning Elon musk 22 million bucks on his own. For a 28-year-old, 22 million isn’t too shabby. While a lot of people at that age would take the money and spin it on a yacht and a house in Hollywood hills.
Elon had a quiet a bit more business in mind. He invested the money in Xcom an online banking service that was eventually bought out by PayPal. Elon’s earning from that little journey is 180 million dollars.
So now we know how Elon racked up all that money to form companies he owns today.
But, how much of the companies earning him now and how much will they go on to us. We have seen those cars clogging up the freeway. We have seen Elon’s wacky antics at the helm of the company, like bursting out some pretty memorable moves on stage in shanghai.
With that market value of 86.5 billion, it’s clear that Tesla is doing an Okay. Elon Musk owns approximately 38.6 million shares in Tesla. It’s safe to say he’s doing a little more than a-okay.
But in an announcement in 2018 tesla announced it won’t be paying Elon a dime for the next 10 years. Under a 12 step performance plan unless tesla nearly doubles its value.
If Tesla manages to hit all 12 performance milestones reaching a market value of 650 billion dollars. Elon would own 184 billion dollars worth of tesla stocks. alone him more wealthy than jeff Bezos with just his tesla stock.
But 650 billion dollars is a lot of money. Enough money to give a single person in the united states a 1000 dollars with a couple of billion left to spare.
Is it feasible that tesla could make that much?
Considering the fact that in 2018 tesla’s sales increased by 280% and their services and other revenues increased by 68% in quarter three of 2019.
It looks like their consistently increasing sale are leaning in that direction .but 184 billion I tesla’s stock doesn’t make him a trillionaire.
Luckily for Elon he has got some other companies dabbling their little robot fingers in some other ventures.
SpaceX is one of Elon’s well-known business ventures. They do a lot of work building insane rocket Engines, developing private space flight vehicles. Scaring the entire Los Angeles city with their launches. You know, usual business stuff. As you’d imagine aerospace companies rack up some out-of-the-world money with an estimated value of 33.3 billion dollars.
SpaceX is no different.
However it’s their plan for the future that really manages to set them apart. With the intention to colonize mars, create private affordable space flights and resume American astronauts spaceflight. They have a lot on their plate, but it’s their Starlink program that’s expected to really reel in the dome. stalling is a satellite Initiative intending to provide high-speed internet at low cost across the globe.
Really the only two things you could want from the internet. But how much is it gonna worth? A recent analysis Morgan Stanley expects star links to blast SpaceX value to 120 billion dollars within the next couple of years earning an additional 30-50 dollars annually.
Once all 12000 satellites are up and providing internet to countries, companies and to united states government, it is hard to say how high will the company’s market value will skyrocket and that’s just from the Starlink program alone.
Since Elon owns 54 percent of SpaceX’s stock he is looking to a pretty hefty amount of money going into his net worth.
If they ever switch to public as Elon has stated their planning too. Their market value could drastically increase. So as of now we have a rough estimate of 180 billion and 120 billion with an addition of 30-50 billion in a year.
But if you’re Elon, you can’t just have an aerospace company and a car company. can you? I mean that just be BORING. I hope you can see where I am going with this.
THE BORING COMPANY-
The company that digs tunnels and sells flamethrowers labeled as not a flamethrower for profit. 90% of the equity is owned by Elon musk with another 6% held by SpaceX.
The boring company plans on creating an underground high-speed transportation tunnel that runs along from Los Angeles to Seattle along the freeways. And it is only accessible by tesla’s and other electronic vehicles. While that may not sound profitable the entire system is estimated to earn 5$ for every 1$ spent and with Elon owning 90% equity that’s a lot of profit once the system is approved and is in use.
As if tunnel transportation, aerospace and car and solar isn't enough. Elon is also the owner of the majority of THE NEURAL LINK.
THE NEURAL LINK
A brain-computer interface program. No word has really come out of the company’s profits and they have remained relatively secretive about what they are working on.
But it seems like some sci-fi movie material will be coming from that business soon. Neural link shares its building with an open A.I. another company founded by Elon.
The OPEN A.I
The company is aimed at creating friendly, helpful A.I. in other words an A.I that won’t cause a robot uprising. Microsoft invested 1 billion dollars n open A.I in 2019. so it is safe to say someone else thinks that open A.I is going to profit.
Well there you have it the businesses owned and operated by the Elon Musk. Can you imagine what this poor guy’s email inbox looks like every day? Though its tough to say how much these companies are going to earn Elon.It seems like that the trillion-dollar marks aren’t too far off.
Who knows what the research companies will develop or how much that underground tunnel will really earn him. Time will tell. But certainly, things are looking good for his bank account. What do you think? Will Elon become the worlds first trillionaire? Or will that title remain unclaimed.
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