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Who is Elon Musk ?
Elon Reeve Musk is a businessman, investor, and entrepreneur. Elon who is co-founder of Neuralink and OpenAI and the founder, CEO, and chief engineer of SpaceX. Elon is also an early-stage investor, CEO, and product architect of Tesla, Inc., Elon who is the founder of The Boring Company, and an early-stage investor, CEO, and product architect of Tesla, Inc. Musk is the richest man on earth, according to both the Bloomberg Billionaires Index and Forbes’ list of real-time billionaires, with an estimated net worth of around the US $ 273 billion as of April 2022.
Musk was born in Pretoria, South Africa on 28 June 1971, to a Canadian mother who was a dietitian and a fashion model and a white South African father who was an engineer. He attended Pretoria University before coming to Canada at 17 to avoid military service. He took admission in Queen’s University, Ontario in 1992
He began his studies at Queen’s University before transferring to the University of Pennsylvania, where he received a bachelor’s degree in economics and physics two years later. In 1995, Elon came to California to attend Stanford University but decided to pursue his professional career by co-founding Zip2 with his brother Kimball.
Musk created SpaceX in 2002, which is an aircraft manufacturer and space transportation services company, and served as its CEO and chief engineer. In 2004, He joined Tesla Motors, Inc., an electric vehicle manufacturer. Elon became the company’s CEO after joining as Chairman and Product Architect in 2008. He was alos a founding member of SolarCity, a solar energy service firm that was eventually bought in 2006. Tesla and Tesla were transformed into energy.
In 2015 he co-founded OpenAI, a nonprofit research organization dedicated to friendly artificial intelligence. He co-founded Neuralink in 2016, and a neurotechnology firm focused on developing brain-computer interfaces, and The Boring Company, a tunnel construction firm. He has proposed a high-speed vector train transit system known as the hyperloop.
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More information about Rajkot Updates News Elon Musk Pay 11 Billion in Taxes in 2022
This year Elon Musk going to pay huge tax, possibly the highest tax in US history. Elon musk confirmed it by Twitter . You can see it in below image.
Elon Musk Taxes by Year
Obviously, Elon is one of the highest individual taxpayers over the year. Most especially, the Tesla CEO has surprised all by paying the 11 billion dollars taxes for a single year in 2021.
However, between 2014 and 2018, Elon Must paid $455 million in taxes out of his $1.5 billion net income, which saw his net worth increase by $13.9 billion within these years. And on paper, Forbes recorded that Elon Musk is worth $244 billion, making him the richest person on earth.
Meanwhile, Musk decided to wait till 2022 before paying the 11 billion dollars tax in 2021, but this would mean that he will be paying higher-tax rates under the Democrats’ Build Back Better bill.
Elon Buys Twitter
A few months after Elon twetted that he’d pay his $11 billion taxes, the Tesla and SpaceX chief bought Twitter, a microblog. Let’s add it to our Rajkot updates news Elon Musk pay 11 billion in taxes, and he was able to secure the deal.
Elon divided Twitter into sections to make it convenient for him. Even his net worth is estimated to worth between $240 to $250 billion, Elon beckoned on a group of investors such as Larry Ellison, a tech magnate, Qatar state investment fund, and Binance, a cryptocurrency exchange company, to raise a further $7.1 billion in funding for the Twitter bailout.
His finance package for Twitter included $21 billion in cash, $12.5 billion of marginal loans secured against his $17.21% stake in Tesla, and $13 billion in loans from a consortium of banks. This idea affected his Tesla share dropped from $13 billion to $6.25 billion because of his round of equity finance.
Elon Musk Net Worth
Elon Musk is worth a staggering $240.1 billion, setting him at the top of the richest living soul in 2022. He agreed to pay $16 million to his divorced wife, and it’s recorded as one of the most expensive divorces of all time, with Elon still paying $170,000 for legal divorce fees even though he took the custodian of their kids.