Elon Musk in 2023: What you should know about the richest person in the world
Elon Musk rose to fame by founding some of the most innovative technology companies in the world today, including electric vehicle maker Tesla and space exploration company SpaceX. According to Bloomberg, Musk is now considered the richest person in the world, largely thanks to his approximately 13 percent stake in Tesla, which was worth $107 billion in July 2023.
But Musk's business practices are unconventional and sometimes controversial. In 2022, he agreed to acquire social media company Twitter in a $44 billion deal before later attempting to exit the deal. He ultimately agreed to complete the deal on its original terms before a trial was scheduled to begin in Delaware.
Here's what else you should know about Musk, including how he got started and his biggest investments today.
Important facts about Elon Musk
His estimated net worth was $232 billion as of July 2023, making him the richest person in the world, according to Bloomberg. He is almost $30 billion ahead of the man in second place, LVMH Moet Hennessy and Louis Vuitton CEO Bernard Arnault.
Head of five companies: Tesla, SpaceX, Twitter, Neuralink and The Boring Company.Born in Pretoria, South Africa, he bought his first computer at the age of 10.
Graduated from the University of Pennsylvania with degrees in physics and economics.
In 2012, Musk joined Warren Buffett's Giving Pledge, which encourages billionaires to donate the majority of their wealth to charity.
Co-founder of the online payment system PayPal, which was sold to eBay for $1.5 billion in 2002.
Helped found The Boring Company, a tunneling company that aims to relieve urban congestion and enable high-speed travel over long distances.
CEO of Neuralink, which works to develop interfaces that enable the human brain to connect with computers.
In 2018, he agreed to settle securities fraud charges against him by the Securities and Exchange Commission (SEC) after tweeting that he could take Tesla private for $420 per share and that financing was secured, for which, according to the SEC, “a reasonable basis was lacking.” Fact."
In April 2022, the company announced a 9 percent stake in Twitter before agreeing to acquire the entire company in a $44 billion deal later that month. He later attempted to exit the deal before changing his position and completing the deal on its original terms.
Elon Musk's top investments
Elon Musk has been involved in several leading technology companies, some of which were among the largest companies in the United States.
