In this article, we’ll discuss some of the main ways that Musk has built his incredible fortune. Elon Musk has ten children from three different relationships and has never taken a Tesla paycheck. You can also learn about his other accomplishments, including the creation of the Musk Foundation and his role as a mentor.
The CEO of Tesla, Elon Musk, has made headlines this year for announcing a 10-year payment plan. The plan calls for Musk to not take a paycheck for the next ten years but give him a bunch of stock options instead. In exchange, he’ll get payouts only after the company achieves certain milestones. At the time, Tesla was valued at $59 billion. Musk’s comments have been criticized for being too nebulous and a little hypocritical, but the company’s success has been impressive.
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The ‘zero-pay’ plan is a bold move, and it may be a way to make more money. Elon Musk’s total compensation package, as of 2014, would be enough to purchase half a Tesla Model S. While he may not take his full compensation package, he’s earned the stock award from his 2012 compensation plan. At this time, Musk’s salary is between $33,000 and $54,000 a year.
Elon Musk has had several relationships and has 10 kids. In addition to having twins, Musk is the father of nine children from three different women. However, his private life has also been very strange. According to court documents, he has a son from his first relationship with Shivon Zilis, who died at the birth of sudden infant death syndrome. In addition to twins, Musk is also a father to two other children in his third relationship.
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The eldest child, Vivian, was born in 2006, and the couple divorced in the year 2008. According to a Business Insider op-ed published in October 2010, Musk paid Justine Wilson $20,000 per month for her kids’ needs, living expenses, and nanny salaries. He also pulled the children from a private school and enrolled them in an Ad Astra private school.
Since the founding of the Musk Foundation, Musk has donated $257 million to non-profit organizations. Grants have increased over the years, and in 2018 they surpassed the required 5% of assets for a nonprofit. To avoid penalties, a nonprofit organization must disburse 5% of its assets each year. Elon Musk’s Foundation makes contributions to over 200 nonprofit organizations. Most of its money has gone toward healthcare, education, and community service. In recent years, Elon Musk has donated to space, robotics, and environmental causes.
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The billionaire and CEO of SpaceX, and Tesla, Elon is a man of many talents. He has sat on the boards of several organizations. He also sits on the Stanford University Engineering Advisory Council. His experiences as a young man helped inspire Tony Stark in the “Iron Man” movies. In 1999, he co-founded X.com, which eventually merged with Confinity, a software company focused on creating new technologies. Read More