Who is Elon Musk and what is his net worth? All you need to know about Tesla CEO’s business, assets, lifestyle

Tesla and SpaceX boss Elon Musk has been making headlines almost daily since he became the overseer of the Trump administration's Department of Government Efficiency (DOGE).

The richest man in the world, Musk has emerged as one of the most influential people in the world, both due to his closeness with US President Doland Trump and his ownership of social media platform X.

With rumours about his 13th child gathering steam, let’s take a look at who Elon Musk is.

Who is Elon Musk?

The billionaire was born in South Africa to Errol and Maya Musk. He has claimed he had a difficult childhood, though his father has refuted his version of events. Musk showed an early talent for technology and entrepreneurship, and developed his first computer game when he was just 12 years old, the BBC reported.

Musk was a student at the University of Pennsylvania, where he pursued economics and physics. He later studied physics at Stanford University, but dropped out to start his own ventures.

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Over the years, Musk has been involved in a range of sectors from satellite services (SpaceX) to electric vehicles (Tesla). He has also made his foray into Artificial Intelligence (AI) with xAI. The third iteration of the chatbot, Grok 3, is set to release on February 17.

What is Elon Musk’s net worth?

According to the Bloomberg Billionaires Index, Musk holds the top spot with a net worth of $398 billion. Meta head Mark Zuckerberg is a distant second with a net worth of $259 billion.

Elon Musk top assets

His companies include SpaceX, Tesla and X. SpaceX is the reason for much of Musk’s net worth. The billionaire owns more than 13 percent of Tesla’s shares and has profited from its jump in value over the past few years.

In 2022, Musk bought Twitter and renamed it as X. The entrepreneur plans to make the platform an “everything app" that provides a range of services.

Elon Musk personal life and lifestyle

Musk is a workaholic by his own admission. A Business Insider report claims that after purchasing X, he would crash on a couch in the company headquarters from time to time. The Tesla head has claimed he spends most of his time running his companies.

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The SpaceX owner has 12 children with his different partners. Conservative author and influencer Ashley St Clair recently claimed that she gave birth to Musk’s 13th kid.

FAQs

1. What is Elon Musk's net worth?
He is valued at $398 billion.


2. What are Elon Musk's famous ventures?
He is the owner of Tesla, SpaceX and X, among others.