Spend Elon Musk Money? How Would You Spend Billions?
Could you spend Elon Musk's money if you had it? And what would you spend it on?
For some, well, not all; it's no news that Elon is known for making bold investments in various industries, like automobiles, crypto, space exploration, etc.
Considering how wealthy he has been over the last decades, this is no surprise - earning a massive amount of money off his investments and being the world's richest man with well over $200 billion in net worth.
Elon holds a significant interest in three important companies; Tesla, SpaceX, and Twitter. The business magnate spent a whopping $2.89 billion purchasing a 9.2% stake in Twitter, which, in turn, made him the company's largest shareholder.
Elon is known for bold purchases and wise investments, and Twitter shares surged about 27% right after the purchase.
Elon Musk's Best Investments To Date
Over time, Musk has invested in Tesla, PayPal, SpaceX, and DeepMind Technologies, which became successful companies.
Even though he wasn't a founding member of Tesla, he was among those who led an early round of financing the company back in 2004. And in 2008, he became the CEO of the company. Today Tesla is a significant EV manufacturer and the largest EV company by sales and market share. PayPal
Musk founded X.com with others and that ended up being PayPal in 2001. When the owners sold PayPal to eBay in 2002, Musk, who with an 11.7% stake was the company's largest shareholder, received more than $150 million.
In 2002, Elon founded SpaceX with a mission to innovate on space technology and a primary aim of taking humans to Mars. Pretty lofty goals, right? Since its inception, Elon has helped the company take on significant space projects; in 2021, NASA awarded SpaceX a contract to haul astronauts to the lunar orbit of the moon's surface in its Starship vehicles.
How Would You Spend Elon Musk Money
Considering how wealthy Elon is, being the richest man on Earth, you must have thought: 'How would I spend Elon Musk's money?'. Here are some ideas:
Buy Bitcoin in Large Amounts
If you're keen on investing like Elon or just looking for ways to spend your money reasonably, you can purchase and hold Bitcoin in large amounts. Yes, it's a wise decision; in the past and present times, famous business magnates have evangelized the importance of owning Bitcoin.
Why? Because it might just be the next big thing in finance, if it isn't already.
Start or Invest in a Company You Love
Everyone is passionate about something. If that's you, then spending money on starting a company of your liking isn't such a bad idea. It's easier said than done, but what are the odds of losing if you try? You get to do what you love and start something you're passionate about that could lead to something big.
Suppose you have well over a billion dollars. In that case, you can invest in companies, companies that you love their products oh so much, and, more so, companies that have the potential to innovate or change an industry constantly over time.
Do you love Apple products or Tesla cars? Investing in Tesla and Apple is a perfect way to spend your money wisely without worrying over significant losses.
Author: Gerry Enoma
Gerry Enoma writes articles about crypto, blockchain finance, technology, and video games. His articles have been read by millions of readers on the internet. Having written for sites like Lifehack.org, Brightside.me, etc. Aside from being a writer, he's also a game designer.