• News
  • Health
  • Life Hacks
  • Tech
  • Weird World
Menu
  • News
  • Health
  • Life Hacks
  • Tech
  • Weird World

Home / Category:Tech

Elon Musk Added Billions to His Net Worth Overnight! Find Out How He Spends His Vast Fortune

Tech
December 5, 2022

Elon Musk has long been a billionaire. In fact, he was already a hundred millionaire even before turning 30 after he sold his web-software company for a whopping $340 million back in 1999. Decades after, he’s still successfully making strides and making bank until today as proven by the recent leap his net worth saw.

Net Worth Boost

The Malaysian Reserve | Musk has been serving as Tesla’s CEO since taking the reins in 2008

The tech entrepreneur’s fortune reportedly increased by $2.3 billion recently thanks to the rise in share price of the CEO’s automaker company. This increase was in turn attributed to Tesla’s recorded last quarter profits of $386 million. The 48-year-old billionaire now has an estimated net worth of $33.6 billion making him one of the wealthiest people in the world.

Despite this though, Musk has also notably refused to receive his $56,000 minimum yearly salary. What more, he won’t be receiving anything for the next decade or so until the auto company reaches a $100 billion market cap. And while that might still be well into the future, the event will reportedly enable him to claim the title of the richest person in the world.

What Elon Spends On

Wall Street Journal | The mansion sits on a 1.67-acre estate and was bought by the billionaire for $17 million

Musk has been known for his hard-working attitude reportedly even putting in up to 90 hours a week into his endeavors. Fortunately, he has also found the time to enjoy the fruits of his labor. The billionaire particularly spends his fortune on real estate at a certain point amassing a $70 million property portfolio in Los Angeles’ Bel-Air neighborhood. There’s his huge mansion bought in 2012 spanning over 20,000 square feet. The property reportedly has an array of luxury amenities such as a 1,000-bottle wine cellar.

Jaguarcars | Aside from his electric cars, Musk owns a Jaguar E-Type Series 1 Roadster

As a car manufacturer himself, it’s no surprise that Musk also has a love for other expensive cars. His collection includes a variety of impressive vehicles like a Lotus Esprit submarine car, which was even used in a James Bond film. The purchase cost him a whopping $920,000. Meanwhile, he keeps two gas-powered automobiles in his arsenal, one of which is a Ford Model T from the early 20th century.

PrevPrevious Article
Next ArticleNext
More From OneDaily

Four Organizing Hacks That Even Tidying Guru Marie Kondo Will Approve

Taking A Break from Work? Here Are 4 Things You Should Do Before Your Much-Needed Vacation

Brad Pitt’s Hygiene Hack Is So Weirdly Relatable! Here’s What He Does to Clean Himself When He’s Busy

A Few Unusual Ways to Put Those Cranberries to Good Use

You may also like

March 20, 2023

How Tech Companies Are Bringing Their Employees Down To Earth

February 14, 2023

Did You Hear About The Floating Solar Device That Monitors The Sun?

December 10, 2022

Twitter Banned Kanye West After He Posted This STRANGE Tweet

November 13, 2022

FinTech Reaches New Heights: Here Are Top Startups Everyone Should Watch out For

November 10, 2022

Bill Gates is Raising Millions to Bring this One-of-a-Kind Tech Product to Consumers

November 7, 2022

The Aviation Industry Is Gearing Up For AI Tech For Next-Gen Aircraft

November 7, 2022

Mark Zuckerberg Became the Youngest Centibillionaire After Facebook Made THIS Announcement

October 21, 2022

Silicon Valley’s Most Popular Success Story, Mark Zuckerberg Is Now Discouraging Entrepreneurs from Following His Lead

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use
Menu
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use

Copyright © 2020 OneDaily.com