With a personal net worth of over $270 billion, Elon Musk is the richest man on the planet. Musk owns a 17 percent stake in Tesla, which is valued at more than $140 billion. He’s also the founder of notable companies such as SpaceX, Neuralink, and The Boring Company. The Boring Company is worth more than $5 billion, SpaceX is worth over $100 billion, and Neuralink is worth $1 billion. Musk was named the world’s richest person in early 2021 and has retained the status ever since.
Over the years, he made significant investments in many companies. These are the top ten investments in Elon Musk’s portfolio.
10. OpenAI
OpenAI is a research institute dedicated to artificial intelligence (AI). The company is based in San Francisco and is seen as a competitor to Google’s parent Alphabet’s DeepMind AI effort.
OpenAI also won a $1 billion donation from Microsoft, the world’s largest software company. Musk resigned from the board of directors in 2018 after serving since its inception, but he continues to function as an advisor to the company.
Musk noted potential conflicts of interest while announcing his resignation, citing the fact that OpenAI and Tesla were both working on AI efforts. Elon Musk has publicly chastised Microsoft’s OpenAI acquisition, claiming in a September 2020 tweet that OpenAI had been “captured” by the company.
9. Dogecoin
Dogecoin is a cryptocurrency that began as a joke but has since grown in popularity as celebrities such as Elon Musk have endorsed it on social media. Musk has purchased a great stake in this cryptocurrency but he has not disclosed any specific details.
In recent months, Dogecoin has risen in sync with a number of tweets from Musk. Musk tweeted about the challenges with coins like Bitcoin and Ethereum in July 2021, speculating that a Dogecoin upgrade targeted at addressing these issues, such as cutting transaction times and prices, would offer the currency an advantage over other coins.
Musk referred to the coin as a “hustle” during his appearance on Saturday Night Live.
8. Bitcoin
Apart from Dogecoin, Musk has stated on several occasions that he owns Bitcoin, the world’s most popular cryptocurrency.
This is one of the country’s largest institutional holdings of the coin. Musk did not sell any of his Bitcoin holdings despite a significant decline in the coin’s price at the end of last year, according to regulatory papers provided by the EV maker to US authorities.
Musk stated that he was dedicated to investing in cryptocurrencies in general, but that owning Bitcoin had specific dangers.
7. SolarCity
In 2016, Musk agreed to buy SolarCity, a solar energy company, in an all-stock deal worth $2.6 billion. Tesla’s board of directors was persuaded by Musk for this deal.
Musk has denied any impropriety in the SolarCity deal, while Tesla Inc. shareholders claim that the agreement unfairly benefited Musk and his close relatives.
SolarCity was created by Lyndon Rive and Peter Rive, who are Musk’s cousins. At the time of the transaction, Musk was the company’s chairman of the board.
6. The Boring Company
The Boring Company is a company that plans to develop a network of subterranean tunnels to alleviate traffic congestion. Pflugerville is the company’s headquarters. It just announced a $675 million Series C fundraising round, valuing the company at nearly $5.5 billion.
On April 21, Musk mentioned it in a tweet, saying that the company was looking to hire “great individuals” and increase boring machine manufacturing. He went on to say that the company wants to construct “thousands of kilometers of tunnels.” Hedge funds are keeping a close eye on The Boring Company as a possible growth opportunity.
5. Neuralink
Elon Musk created Neuralink, a neurotechnology startup, in 2016. The company’s goal is to create brain-machine interfaces that can be implanted in humans. The New York Times published a feature on the company in July 2019 that stated Musk had invested over $100 million in the company.
Google’s parent firm, Alphabet, also took part in the fundraising round.
Musk claims that Neuralink’s devices would one day not only help wirelessly transfer brain signals, but will also aid in the treatment of neurological diseases such as Alzheimer’s, dementia, and spinal cord injuries.
He tweeted that the company’s initial product would allow disabled individuals to play with their smartphones faster than people who operate them with their thumbs.
4. SpaceX
Elon Musk created SpaceX in 2002 with the goal of revolutionizing space technology and bringing humanity to Mars. In this sense, the company has already reached a number of significant milestones. Last year, the company was awarded a $3 billion NASA contract.
The corporation had fetched a $74 billion valuation at a $419 per share price just a few months previously, in February 2021. It has since raised more than $1.2 billion in a fundraising round. Musk is yet to remark anything on taking the company public.
3. Twitter
Elon Musk spent more than $2.6 billion on Twitter since the end of January, according to recent securities filings, giving him a stake of over 9% in the company. But he did not stop there as he purchased the whole of Twitter in a $43 Billion all-cash deal.
In a memo sent over to Twitter Chairman Bret Taylor, and also part of the filing, Musk said that “free speech is a societal imperative for a functioning democracy” and Twitter had the potential to be the “the platform for free speech around the globe”.
In their Q4 2021 investor letter, ClearBridge Investments addressed Twitter. The following is what the fund says in its letter:
“Weakness among our holdings in the communication services sector was the other detractor to performance. Twitter, Inc. (NYSE: TWTR) shares sold off following weaker than expected third-quarter results, but under new leadership, we see the potential for improved execution and performance as live events and entertainment return to pre-pandemic levels.”
2. Tesla Inc.
Tesla Inc. is one of the world’s most rapidly rising companies. Musk was not a founding member of the company, but he was one of the first investors to invest in it in 2004. In 2008, Musk was promoted from a member of the company’s board of directors to CEO. Tesla went public two years later at a $17 per share initial public offering.
Right now the valuation of Tesla is around $1 trillion Dollars. Elon musk has a 17% stake in the company. most of Musk’s wealth comes from his holding in Tesla.
1. PayPal Holdings
PayPal is a company that specializes in digital payments. Musk was one of the company’s original co-founders. Musk co-founded X.com in 1999, which later merged with Confinity and became PayPal in 2001. PayPal was purchased by eBay for $1.5 billion in 2002.
PayPal Holdings Inc. is no longer linked with Musk. He invested in Tesla, SpaceX, and SolarCity with the money from the PayPal takeover.
According to Musk, the money he received from the sale of PayPal is the basis of most of his businesses today.
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