What is Elon Musk’s net worth? How much money does Tesla founder have?

The rocket launch yesterday marked the very first time the same rocket left the planet and returned for more missions twice. 

Who is Elon Musk?

Elon Musk is South African born Canadian-American who is the founder of various tech companies such as Tesla Motors and SpaceX.

Born in 1971, the tech entrepreneur grew up in the South African capital Pretoria but he moved to Canada just before turning 18. 

The child prodigy showed an interest in computers from the age of 10 and just two years later taught himself computer programming languages.

His first ever creation was a video game called Blaster which he sold for $500 dollars at the age of just 12.

How much is Elon Musk worth?

Elon Musk had a net worth of $20.5 billion as of September 2017, according to the Forbes real time net worth tracker. 

Forbes said: “Tesla Motors, his auto manufacturer, is bringing fully-electric vehicles to the mass market. Its Model 3 car retails for a starting price of $35,000.

“SpaceX, Musk’s rocket company, is now valued at more than $20 billion.

“Musk was a cofounder of Paypal; he scored a huge payday when the business was acquired by eBay for $1.4 billion in 2002.” 

The magazine’s latest list of billionaires ranks him as the 80th richest person in the world. 

Where does his wealth com from?

Elon Musk came from a well-off background but his current astronomical wealth was entirely self-made.

In 1999 he made his first fortune when he co-founded X.com, which later merged with and rebranded with PayPal in 2001.

In 2002 Ebay bought out Paypal for $1.5 billion (£1.2 billion) with Mr Musk receiving $165 million (£132 million) from the deal.

In the same year the entrepreneur founded SpaceX, a pioneering company in the field of rocketry and travel.

Mr Musk has always dreamed of sending humans to Mars and he is working on plans to one day colonise the red planet.  

Since its creation, the company has made great progress in building reusable rockets which are capable of returning and landing on Earth.

In 2003 Tesla Motors was founded on the premise that one day all cars will have electric motors. The company was worth $33.5 billion as of May 2016, Forbes said.  

MARK ZUCKERBERG NET WORTH