Elon Musk, CEO of Tesla and SpaceX, has a net worth around $21.5 billion.
Musk has never received a paycheck from Tesla, refusing his $56,000 minimum salary every year.
He now says he will not receive any form of payment or compensation until Tesla reaches $100 billion in market cap.
Elon Musk may be the world’s richest rocket scientist.
The 46-year-old CEO of Tesla and SpaceX and cofounder of OpenAI has said he won’t be happy until we’ve escaped Earth and colonized Mars. Luckily, he has the mind and the money to make it happen.
Despite a massive net worth hovering around $21.5 billion, Musk has never taken a paycheck from Tesla, refusing his $56,000 minimum salary every year.
On Tuesday, Tesla announced it would pay Musk nothing for the next 10 years — no salary, bonus, or stock — until the company reaches a $100 million market cap. If and when that happens, Musk could potentially overtake Amazon CEO Jeff Bezos as the richest person in the world.
A notorious workaholic, Musk doesn’t spend cash on lavish vacations or expensive hobbies. Instead, the entrepreneur spends most of his time at the office or in …read more
Source:: Businessinsider – Technology