Elon Musk has made his fortune through a combination of entrepreneurship, innovation, and strategic investments. Here are some of the key ways in which he has made money:
Founding and building successful companies: Elon Musk has founded several successful companies, including Tesla, SpaceX, Neuralink, and The Boring Company. These companies have disrupted industries and created new markets, which has resulted in significant revenue and profits for Musk.
Investing in successful companies: Musk has also made strategic investments in successful companies like PayPal, Zip2, and SolarCity. These investments have yielded high returns and helped Musk build his fortune.
Selling companies: Musk has also made money by selling companies he has founded. For example, he sold Zip2 for over $300 million and PayPal for over $1 billion.
Taking advantage of stock options: As a founder and CEO of several companies, Musk has been able to take advantage of stock options and performance-based compensation. This has allowed him to benefit from the growth and success of his companies.
Real estate investments: Musk has also made money through real estate investments. He has owned several properties in California, including a $50 million mansion in Bel Air.
Overall, Elon Musk’s success can be attributed to his entrepreneurial spirit, innovative mindset, and strategic investments.