Millionaire Elon Broke: The Richest Poor Man
June 26th, 2010 - 7:13 pm ICT by GDBy Meena Kar
June 26, (THAINDIAN NEWS) Millionaire Elon Musk is reportedly broke and living off loans. The man behind PayPal and the driving force behind Tesla Motors has said that he has been living off the loans provided by his rich friends because he ran of cash four months ago. The 38 year old reportedly possessed a $200 million fortune that he ran through at the rate $200000 per day.
The rocket scientist who helped designed the e-commerce payment system PayPal and also owns 65 % of Tesla Motors. He is said to be the inspiration behind the character of Tony Stark in the Iron Man movies. He was also in the news for running off with actress Talulah Riley and his wife Justin Musk filed for divorce.
The fantasy novelist has demanded from her rich husband alimony, child support, the house and $6 million cash. She has also demanded a portion of his shares in Tesla Motors and SpaceX, a rocket company. It was this messy divorce that made his financial status public. Talking about her expectations from her soon-to-be-ex husband, Justin Musk said that he is a billionaire who is the father of her five children and very soon going to be the richest man on the planet.
Elon Musk reportedly put in his last $35 million into Tesla which is planning its IPO in two weeks and is expected to raise around $1.4 billion. He, however is not the first billionaire to live off loans. Founder of Oracle Larry Ellison also lives off the loans with most of his wealth in Oracle stocks.
- Elon Musk Asserts That He Is Broke - Jun 23, 2010
- Elon Musk, Paypal Co-founder & Tesla Head is Broke - Jun 23, 2010
- Millionaire Elon Musk Declares That He Is Broke - Jun 26, 2010
- Elon Musk's Situation Resembles That Of A "Broke" - Jun 23, 2010
- Round-trip flights to Mars within a decade - Mar 22, 2012
- PayPal co-founder & Tesla co-owner Elon Musk claims that he is broke - Jun 23, 2010
- SpaceX unveils plans for world's most powerful rocket - Apr 06, 2011
- Paypal Millionaire's Rocket Launch Could Herald A New Epoch For Space Exploration - Jun 06, 2010
- Paypal Millionaire's Rocket Launch Proves To Be Beneficial For NASA - Jun 06, 2010
- James Cameron's Martian dreams - Aug 18, 2010
- US private firm aborts launch to space station - May 19, 2012
- Three Tesla Motors Execs in Palo Alto Plane Crash - Feb 18, 2010
- World's most powerful rocket to blast off in 2013 - Apr 06, 2011
- Toyota Joining Hands With Tesla To Make New Electric Car - May 21, 2010
- Yahoo names new CEO (Lead) - Jan 05, 2012
Tags: alimony child support, billionaire, driving force, elon, fantasy novelist, four months, husband justin, iron man, kar, larry ellison, meena, messy divorce, musk, paypal, poor man, rich friends, richest man on the planet, rocket company, rocket scientist, tesla motors