Billionaire entrepreneur Elon Musk and Canadian singer Grimes, 32, have today welcomed their first child together.
The Tesla co-founder, 48, shared a picture of himself holding the baby boy.
Asked what they were going to call the baby, he responded: “X Æ A-12 Musk.”
The baby is Musk’s sixth child, but luckily his fortune will easily be able to support them all – despite never taking a pay check from Tesla.
As the CEO and Chairman of Tesla, founder of SpaceX and co-founder of PayPal, he is still one of the richest people in the world.
Here we take a closer look at Musk’s net worth.
Elon Musk net worth
Elon Musk net worth examined as Tesla and SpaceX CEO welcomes sixth child (Image: REUTERS)
Elon Musk has an estimated net worth of $38.7 billion (£31.1 billion), according to Forbes.
However, his net worth fluctuates based on the stock price of the companies he runs.
This usually goes up and down as a result of controversies and accomplishments.
For example, he recently posted a series of bizarre tweets that saw $13billion (£10.4billion) wiped off Tesla’s share price, but it jumped back a couple of days later.
Elon Musk and his baby boy though it is not known what he is called (Image: Twitter / Elon Musk)
Musk is at the time of writing (May 5, 2020) number 23 on Forbes Real-Time Billionaire List.
He famously refuses his $56,000 (£45,000) minimum salary from Tesla every year.
In January 2018 Tesla announced it would not pay the co-founder anything for the next 10 years – that means salary, bonuses and stock.
Musk won’t take a pay check until the company reached $100 billion (£81 billion) market cap.
Elon Musk is the CEO of SpaceX and Tesla (Image: REUTERS)
The South-Africa-born billionaire is one of the most talked-about people in the world.
His company SpaceX sent the world’s most powerful rocket into space and prepaid a mini submarine which was designed to rescue a Thai football team stuck in a cave.
Musk earned his first billion when he sold PayPal in 2002.
Half of the tech mogul’s wealth comes from Tesla, and the shares he has in the company.
The company was valued at $33.3 billion (£27 billion) in June 2019.
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As well as Tesla and SpaceX, Musk also helms The Boris Company, which he founded in 2016 to develop and construct an underground tunnel in Los Angeles.
Despite being a multibillionaire, he says he enjoys inexpensive hobbies like listening to music, playing video games and reading books.
He explained that at the end of the day he likes to “hang out with kids, see friends, normal stuff”.
“Sometimes I go crazy on Twitter. But usually it’s work more,” he added.
Source: Celebrities - dailystar.co.uk
