Elon Musk Launched His Own AI Startup—Here’s Musk’s Net Worth
Elon Musk recently announced his latest startup, xAI, will be focused on artificial intelligence. According to the company’s website, the goal of xAI is to “understand the true nature of the universe.” The xAI team will be led by Musk and others who have previously worked with OpenAI, DeepMind, Google Research, Microsoft Research, and Tesla.
Musk’s new AI venture is the latest in a list of companies he has founded and leads including Tesla, SpaceX, and The Boring Company.
As of July 2023, Musk is the richest person in the world, with a net worth of $254 billion.Here’s how the Tesla CEO and Twitter owner made his billions.
Tesla is the largest carmaker in the world by market value. The company builds and designs fully electric vehicles (EV) and energy generation and storage systems. Its cars include sedans and compact and mid-size SUVs.
Tesla (TSLA) was founded in 2003 as Tesla Motors by Martin Eberhard and Marc Tarpenning. Musk invested in the company and was a member of the board starting in 2004, and later became CEO in 2008.
Musk was allowed to claim the title of cofounder, thanks to an out-of-court settlement.Tesla went public in an initial public offering (IPO) on June 29, 2010. In 2021, Tesla moved its headquarters from its native Palo Alto, California, to Austin, Texas.
In July 2023, Tesla unveiled its first Cybertruck built in its Texas factory, almost two years behind the original schedule.
Musk has a 13% ownership stake in Tesla, worth $108 billion. In 2022, Tesla’s total revenue was $81.46 billion.
Musk is also the cofounder and CEO of SpaceX, a rocket manufacturing company that counts NASA as one of its clients, and helps resupply the space station.
SpaceX is valued at $137 billion as of January 2023 and
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