Grimes sues Elon Musk - what is the Tesla founder's net worth?
Tesla founder Elon Musk is being sued by his former partner Canadian singer Grimes over their three children, X, Exa Dark Siderael, and Tau Techno Mechanicus.
Singer Grimes, real name Claire Boucher, is suing Tesla founder Elon Musk over their three children. The Canadian performer has filed a "petition to establish parental relationship".
The filing was made on September 29 in California. Page Six reports that the filings have been sealed, although the docket for the case is public.
It's not the only suit Musk is facing. He is also facing a defamation lawsuit after falsely claiming a man was a neo-Nazi on X. It's even been claimed actor Johnny Depp could sue Musk by the Tesla Founder's own father, Errol.
What is Elon Musk’s net worth?
Forbes Magazine states that Mr Musk has a net worth of $252.2bn, making him the richest person in the world. French LMVH owner Bernard Arnault and his family are ranked second by Forbes, with a net worth of $184.6bn.
Jeff Bezos, the founder of Amazon, is ranked as the third wealthiest person alive today with an estimated fortune of $150.6bn.
READ MORE: Elon Musk’s dad opens up about taking future Tesla CEO to sex party when he was nine
Elon Musk's staggering fortune can be attributed to the success of two of his companies, Tesla and SpaceX. As the world's most valuable electric car manufacturer, Tesla surpassed the $1 trillion mark in value this year. While Musk owns 21 percent of the company, he has pledged more than half of his stake as collateral for loans. Interestingly, he does not receive a cash salary or bonus from anywhere but instead relies on stock compensation.
SpaceX, on the other hand, has an estimated value of $74 billion following a recent funding round and a lucrative commercial contract with NASA. These achievements have contributed significantly to Musk's wealth.
In addition to Tesla and SpaceX, Musk has ventured into other business endeavors. Neuralink, for instance, focuses on developing technology that connects the human brain to computers. The Boring Company, another venture, specializes in building tunnels for intra-city transit systems.
Born in South Africa, Musk later moved to Canada at the age of 17 before settling in the United States. His entrepreneurial journey began with his education at the University of Pennsylvania and has since propelled him to become one of the richest individuals in the world.
Elon Musk's rise to the top of the wealth rankings is a testament to his visionary leadership and the groundbreaking innovations brought forth by Tesla and SpaceX. With his relentless pursuit of technological advancements, Musk continues to shape industries and inspire future generations.
