If Elon Musk Is Not Your Billionaire Goals, Think Again: SpaceX, Tesla, PayPal -- Billionaire Unveiled

First Posted: Nov 30, 2016 02:55 AM EST

Elon Musk is famous for his company SpaceX -- not only that but he is also the CEO of a lot of companies such as Tesla Motors and Hyperloop. The main reason of these ideas is humanity.

Elon Musk is the founder, CTO and CEO of SpaceX, product architect and CEO of Tesla Motors. Chairman and co-founder of SolarCity, co-chairman of Opan Al, co-founder of Zip2 and founder of X.com and was later merged with PayPal. His net worth as of October 2016 is $11.5 billion, according to WBNews.

Also, Elon Musk is responsible (as he envisioned it) for the high-speed transportation system called the Hyperloop and proposed an electric jet. As follows, here are some of his companies backgrounds.

The Zip2 is his first company that was created by him and his brother Kimbal. The starting figure of this company that came from his dad is $28,000. The company started in 1995.

As for the SpaceX, the company manufactures aerospace and transport services. It was founded in 2002 by Elon Musk for the goal of colonizing Mars. It was the first privately funded company to successfully launch, orbit and retrieve a spacecraft.

The SpaceX also plans to launch another 4,425 satellite network in space. If achieved, it was previously reported that it will cater high-speed Internet service globally.

Tesla is co-founded by Elon Musk. It is an American car and energy company. Tesla is also responsible for the first electric sports car that was produced in 2008. Worldwide, 164,000 electric cars have already been sold, as of September 2016.

He said that the main goal of his companies orbits around his vision to change humanity and the world. Also, Elon Musk aims to reduce global warming and decrease the risk of human extinction by colonizing the planet Mars, according to The Sun.

Meanwhile, the Hyperloop is a high-speed transportation system. It is a pressurized capsule that rides on an air cushion driven by air compressors and motors. A route was already outlined where the system will be built between the San Francisco Bay and Greater Los Angeles area. A deal also has been talked about to set up a connection between Dubai and Abu Dhabi, though he would not pursue this project.

However, it is safe to say that the net worth of Elon Musk will increase. After all, his achievements and innovations have been said. As of June 2016, he is the 83rd wealthiest man in the world.