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Elon Musk
CEO, Tesla
$190.2B
Elon Musk, a prolific entrepreneur, has cofounded several influential
companies, including Tesla, SpaceX, and the Boring Company.
Musk's ownership in Tesla amounts to approximately 12%, excluding
options, although he has pledged over half of his shares as collateral for
personal loans reaching up to $3.5 billion.
A Delaware judge invalidated Musk's 2018 option deal, which would have
granted him an additional 9% of Tesla. Forbes has discounted the options by 50%
pending Musk's appeal.
SpaceX, established in 2002, soared in value to nearly $180 billion
following a tender offer of up to $750 million in December 2023, marking a
fivefold increase in four years.
Musk acquired Twitter in 2022 for $44 billion, subsequently expressing
intent to retract from the deal. He presently holds an estimated 74% stake in
the company, now rebranded as X.
Forbes estimates that Musk's ownership in X has depreciated by nearly 70%
from its acquisition value, based on investor Fidelity's assessment of the
company as of December 2023.
In 1995, Musk, accompanied by his younger brother Kimbal, founded Zip2, a web software company assisting newspapers in developing online city guides.
Compaq Computer Corp. acquired Zip2 in 1999 for $341 million. Musk
utilized the proceeds to establish X.com, a fintech venture ahead of its time.
X.com merged with Confinity, a money transfer firm, forming PayPal.
Despite being ousted as PayPal's CEO by Peter Thiel before its acquisition by
eBay for $1.5 billion, Musk benefited from the sale due to his 11.7% stake in
PayPal.
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