How Elon Musk Makes And Spends His $20.1 Billion

Elon Musk has a net worth of close to $20 billion. As CEO of Tesla and SpaceX, Musk is an influential entrepreneur in the world of tech. Here’s how he makes and spends his fortune.

Join BI Prime for $1/month for 3 months here:

How Serena Williams And Alexis Ohanian Spend Their Millions

How Rihanna Makes And Spends Her $600 Million

How Beyoncé And Jay-Z Make And Spend Their $1.26 Billion


#ElonMusk #Billions #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.

Visit us at:
BI on Facebook:
BI on Instagram:
BI on Twitter:
BI on Amazon Prime:

How Elon Musk Makes and Spends His $20.1 Billion

What Tesla Fans Should Know About The New Roadster

In late 2017, Elon Musk revealed to the world the prototype for Tesla’s next-generation Roadster. Musk claims it will be the fastest production car ever developed. Manufacturing for the supercar is scheduled to begin in 2020. Business Insider’s Tesla reporters are here to explain the most important things to know about the automaker’s upcoming second-generation Roadster.

For more, check out:

What It’s Like To Drive A Microcar

Why Tesla’s Model X Was The First SUV To Receive A Perfect Crash Test Rating

How A Jeep Wrangler Is Made


#Tesla #Roadster #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Subscribe to our channel and visit us at:
BI on Facebook:
BI on Instagram:
BI on Twitter:


What Tesla Fans Should Know About The New Roadster

Musk to Build Futuristic Shuttle in Chicago

A company founded by Tesla CEO Elon Musk plans to build a high-speed underground transportation system that could whisk passengers from downtown Chicago to O’Hare International Airport in minutes. (June 14)

Find all the latest clips from major sporting events including football, tennis, golf, the Olympics and many more.

Raw: ‘Starman’ Orbits Earth In Musk’s Tesla

SpaceX CEO Elon Musk’s Tesla Roadster is orbiting the earth, with a mannequin named “Starman” in the driver’s seat. The Falcon Heavy rocket, powered by 27 engines and three boosters, lifted Musk’s Tesla Roadster into orbit on Tuesday. (Feb. 7)

Subscribe for more Breaking News:
Get updates and more Breaking News here:

The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats.
AP’s commitment to independent, comprehensive journalism has deep roots. Founded in 1846, AP has covered all the major news events of the past 165 years, providing high-quality, informed reporting of everything from wars and elections to championship games and royal weddings. AP is the largest and most trusted source of independent news and information.
Today, AP employs the latest technology to collect and distribute content – we have daily uploads covering the latest and breaking news in the world of politics, sport and entertainment. Join us in a conversation about world events, the newsgathering process or whatever aspect of the news universe you find interesting or important. Subscribe:

How Elon Musk, CEO Of Tesla And SpaceX, Makes And Spends His Money

Elon Musk may be the world’s richest rocket scientist. With a fortune hovering around $20 billion, the 46-year-old CEO of Tesla and SpaceX and co-founder of OpenAI has said he won’t be happy until we’ve escaped Earth and colonized Mars.

A notorious workaholic, Musk doesn’t spend cash on lavish vacations or expensive hobbies. Instead, the entrepreneur spends most of his time at the office or in factories, retreating to one of his four Los Angeles mansions at the end of the day. Watch to find out what we know about how Musk, a father of five, amassed his fortune and how he spends it. Following is a transcript of the video.

He’s been an entrepreneur since an early age. In college, he sold computer parts and would turn his house into a speakeasy on the weekends. After college, he and his brother founded Zip2, their version of an online yellow pages. In 1999, they sold the company and Elon made $22 million. He used that money to co-found, an online banking service. merged with a rival and became PayPal. eBay bought Paypal in 2002 and Musk made $180 million from the deal. He then went on to found SpaceX, Tesla, and Solar City. In 2009, Musk “ran out of cash” after divorcing his first wife. He lived off of loans while trying to keep his companies afloat.

That changed when Tesla IPO’ed in 2010. By 2012, Musk was a billionaire. He famously doesn’t spend much on luxurious items, but he owns $70 million worth of homes in Los Angeles. He bought one of them for $17 million. It features a two-story library, home theater, gym, and wine cellar. Musk paid $920,000 for a submarine car used in the James Bond movie “The Spy Who Loved Me.” He’s also signed Bill Gates and Warren Buffett’s “Giving Pledge,” meaning most of his fortune will be left to charity.


Follow BI Video on Twitter:
Follow BI on Facebook:
Read more:


Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

Tesla Makes Big Promises It Probably Can’t Keep With New Semi-Truck (HBO)

On Thursday, Tesla CEO Elon Musk unveiled the company’s highly anticipated all electric semi-trucks. Musk said his company’s trucks will be cheaper to own and maintain than traditional diesel trucks, and because they’re powered by a lithium ion fuel cell, will have zero emissions. Wal-Mart has already said it plans to test 15 of Tesla’s semi-trucks, a small portion of the company’s 6,000 truck fleet.

That wasn’t the only thing Musk showed off during Thursday’s event at the SpaceX headquarters in Hawthorne, California. Right as the event was about to end, Musk surprised the crowd by unveiling the second generation of Tesla’s roadster sports car. Musk says the Roadster, which he promised will be unveiled in 2020, will be the fastest production car ever made and will cost $250,000.

Subscribe to VICE News here:

Check out VICE News for more:

Follow VICE News here:
More videos from the VICE network: