Elon Musk's net worth has reached an astonishing $749 billion, surpassing the combined market capitalization of India's four largest listed companies: Reliance Industries, HDFC Bank, Bharti Airtel, and Tata Consultancy Services.
Recent Developments
The significant increase in Musk's net worth came after a crucial legal victory that restored a massive Tesla compensation package. The Delaware Supreme Court reinstated Tesla stock options worth $139 billion, which were part of Musk's landmark 2018 pay package.
Background
Musk's fortune began to rise early in his career. In 1995, he co-founded Zip2, a software company that helped newspapers take city guides online. The startup was sold to Compaq for $307 million just four years later. He then launched X.com, an online payments firm, which later merged with Cofinity, the parent of PayPal. In 2002, eBay acquired PayPal for $1.5 billion, cementing Musk's place among Silicon Valley's most influential entrepreneurs.
Notable Ventures
- Founded SpaceX in 2002, which has become a central pillar of his wealth
- Joined Tesla as an early investor in 2004 and took over as CEO in 2008
- Launched Neuralink and founded The Boring Company in 2016
- Acquired Twitter (later rebranded as X) for $44 billion in 2022
Musk's net worth now exceeds that of Google co-founder Larry Page, the world's second-richest person, by nearly $500 billion. Remember, this is a perspective on current events, not a prediction. Always do your own research before making any investment decisions.