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Elon Musk

June 22nd, 2010 at 12:27 pm

is broke? Say it ain't so! But maybe I should start from the beginning.

Text is According to this article and Link is http://finance.yahoo.com/news/Elon-Musk-PayPal-Pioneer-Is-nytimes-3147541066.html?x=0
According to this article, Elon Musk is a rocket scientist who helped design the Falcon 9 rocket booster, helped create Solar City, a solar power company, a co-founder of PayPal, and last but not least, is also a founder of Tesla Motors.

In short, he's the suave James Bond of the geek world. Better yet, Jon Favreau supposedly modeled Tony Stark (from the movies Iron Man) after Elon. Once upon a time, he was a walking giant with as much as $200 million dollars to his name, and he isn't even 40 years old yet.

Today, he is supposedly penniless.

So, what went wrong? I'm not entirely sure, but according to his divorce records, he is living off of loans from his wealthy friends, and... get this... is still spending as much as $200,000 a month on living expenses, including a private jet that he's still flying!

So, that last part may have had something to do with it. Big Grin

Fortunately for him I guess, Tesla Motors is about to go public, so it may bring in much needed money for him. Still, regardless of what the future holds, it seems like another cautionary tale of being mindful of what you keep, and not just what you make (or your stake is worth).

4 Responses to “Elon Musk”

  1. phenomenal woman Says:

    Yikes! Quite huge expenses he is still spending while on loans and etc.

  2. Ima saver Says:

    Very interesting! I have always know that it is not what you make that counts, it is what you KEEP!!

  3. Shiela Says:

    It could be that he is hiding his money from his ex.

  4. Tabs Says:

    Ooh, that's a good point!

    The article does state that she's fighting to get a percentage of his companies. Considering that he is the one who cheated on her, and she is the one watching over the kids, I hope she gets it!

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