NEW YORK, NY – A former millionaire proves that money can disappear before you know it!
Elon Musk was the envy of many men across the globe. He had the perfect combination of intelligence and money. Musk is a rocket scientist, having helped design the Falcon 9 booster used by NASA. He also had a hand in creating Solar City, a leader in solar power and the Tesla, the electric car that made electric cars sexy. Musk was sitting pretty on countless millions thanks to his genius, but the entrepreneur – former that is – reports that he is dead broke at the moment.
“About four months ago, I ran out of cash,” Musk admitted in a divorce court filing that was widely circulated among the West Coast digital elite.
Perhaps his biggest claim to fame was that he made a fortune as a co-founder of PayPal, the e-commerce payments system. Not too long ago, Musk had more than $200 million in cash and he’s only 38.
Musk’s financial situation is becoming public thanks to a messy divorce that is in the process of being finalized. The rocket scientist ran off with an actress, Talulah Riley and his wife, fantasy novelist Justin Musk, wants the house, alimony, child support and $6 million cash. She also wants a cut of Tesla Motors and a piece of Musk’s stock in his rocket company, SpaceX.
Love can’t be bought but that sure is a steep price to pay. Let’s hope that he at least has love with his newfound actress.
“Is that what I deserve?” Musk wrote on his wife’s blog in a post titled “Golddigging.” “I don’t know. Who exactly deserves that kind of wealth? Based on our life and history together, is that reasonable?” i think so.”
Like any good entrepreneur, Musk is just going through a cycle. Business men of Musk’s size go through a roller coaster ride of wealth and “poverty.” Thanks to Musk’s incredible assets, his bank account could find itself stocked in just a matter of weeks.
In two weeks, Tesla is scheduled to hold an initial public offering of stock that is expected to value the company at about $1.4 billion. Musk may be broke, but as he told the NY Times; “My assets are huge.”