did you know that Elon Musk makes approximately $656 per second that's according to coin codex and it can add up to over $54 million in just one day his net worth is around $200 billion that honestly seems unfathomable it surpasses the economic output of more than 150 countries so where did this Tech Prodigy turned right-wing darling get all of his money and how does he burn his billions I'm Joy Marie McKenzie Business Insider editor-in chief of our lifestyle division Elon musk's road to riches began in 1995 when he and his brother launched a website that provided City Guides to newspapers it was called zip2 and in 1999 they sold it for over $300 million so at just 27 years old musk made over $20 million from that one deal alone he then co-founded an online banking site called x. com which later became PayPal eBay bought PayPal for $1. 5 billion dollar in 2002 and musk's Fortune just skyrocketed in the same year he co-founded SpaceX what is it with this guy and the letter X but his plans for SpaceX were to colonize Mars by 2050 his biggest Venture was still ahead though in 2004 mus took $6.
5 million and invested it into a company you might know called called Tesla he eventually became the CEO and the company's Mission as you probably already know is making electric cars a new way of life that move cemented his fate as one of the world's richest people a significant amount of musk's net worth today is tied to Tesla but he doesn't get his paychecks from the company instead he gets shares and stock options so far he has a Tesla stake worth just a cool $127 billion his net worth is around $200 billion that includes his stakes in space xx and his Tesla Holdings and musk's enormous wealth is still growing even though his Investments are not always profitable a big one is SpaceX musk invested $100 million to create the company back in 2002 and soon it was his second most profitable Venture it eventually amounted to about 20% of his wealth but the company has had its ups and downs after multiple rocket launch failures BX nearly folded in 2008 that was until NASA saved the day or at least the company with a $1. 6 billion contract to help deliver cargo to the International Space Station these days SpaceX is worth $180 billion with a B making him $70 billion richer and I have to mention the AP named boring company because it really hasn't done anything the goal is to build underground tunnels where people can TR travel in their own autonomous vehicles at speeds of up to 150 mph honestly it sounds like a normal Texas Freeway still must started it in 2016 with over $100 million so far though no one is blasting through tunnels like the Subterranean Speed Racer but this is Elon Musk we're talking about so I wouldn't count him out just yet next up is neuralink mus dropped $100 million on this idea back in 2016 the ultimate goal is implanting a brain chip in a human being that can interact with external devices and a 29-year-old quadriplegic has tried it out he says the brain chip is not perfect but it has changed his life rounding out Elon musk's big business ventures with what really feels like a truly impulsive purchase that he may regret later is X you and I still know it is Twitter though the tech Mogul snapped up Twitter for a mere $44 billion in 2022 and of course quickly changed the name to X now was this a good investment by pure number standards no absolutely not since it's purchase and the name change the company has lost about half of its value but musk has got so much money he can afford to buy the platform and defeat what he calls the woke mine virus so what has musk actually purchased with all of his riches despite this 2020 tweet declaring to rid himself of all possessions musk still has a place to rest his head over the years he's owned owned seven properties just in California alone spending more than $100 million on his home sweet homes this one in B California is a 20,000 squ foot home complete with a two-story library that honestly sounds like a dream since that tweet musk has sold seven of his California homes for nearly $130 million but his current residence is a bit of a mystery musk said he left California in 2020 to protest against the state's high taxes and Regulatory practices his current residence is in bokach chica Texas the price tag though a lovely $50,000 so maybe he is on a path to becoming possession free a very very slow path musk has spent his millions on Jets and cars he spent nearly a million dollars on the Lotus espre submarine car used by the one and only James Bond and the spy who loved me and he recently purchased this golf stream valued at $78 million jet setting at this level it's not cheap operating expenses alone can rack up to $3.
