Elon Musk money: What to buy?
Elon Musk, the illustrious 58-year-old visionary entrepreneur, you may already know, has proven himself to be one of the world’s wealthiest individuals. He’s the founder, CEO and CTO of SpaceX, co-founder of Tesla motors and many other successful companies. Musk continues to revolutionize the technology space and is a darling of tech investors around the globe. But what can you buy with his money?
It’s worth noting that Elon has donated nearly $1 billion in his lifetime so far. He’s broken records donating $250 million to charities in 2018. What’s more, this money has been used to improve global access to educational resources and reduce regional climate change. The man clearly has a heart of gold.
However, as of March 2021, Elon still has an estimated net worth of around $170 billion and that does come with a certain degree of purchasing power. If you had your hands on the same kind of money, what could you buy?
Naturally, there are all the luxurious things that money can buy, such as private jets and yachts, cars, and exotic vacations. But Musk has famously pointed out that material things often only bring short-term satisfaction. Rather, he sates that some of the best investments one might make with such a sum of money would be in real estate or stocks as well as tech companies, or even traditional businesses.
But even if you were to take a purely leisure-oriented approach, you could buy some of the world’s most exquisite items such as art and jewelry. For instance, Neil Armstrong’s renowned 1969 moon speed, bought by none other than Musk himself for $3.2 million. If the proceeds of a massive beer and pretzels night are more your style, you could splash out around $1 billion (or $150,000 each) on lifetime tickets to the Ballon D’Or. Talk about an epic party.
You could also opt to give this money away – in the form of a scholarship program, as Musk did in 2018. He founded the Ad Astra Scholarship, a program that grants full scholarships to high school juniors and seniors to pursue college studies in space-related disciplines. In addition to this, it’s standard practice for billionaires to give away a portion of their wealth in the form of charitable donations.
Why not create your own Elon Musk-style mini-empire by joining the entrepreneurial elite. One day, you could be the founder of the next Microsoft, Google or Facebook. The same money could also be used to launch non-profit initiatives or grassroots movements aimed at promoting access to quality education and healthcare worldwide.
Buy a Sports Franchise
How about a sports franchise? Remember, Elon Musk owns one of the premier soccer teams in the world, the Los Angeles Football club, so if you have his money, you could buy anything from women’s pro-basketball to soccer. You could even invest in e-sports and become the owner of an online gaming club. The possibilities here are virtually limitless.
You might also consider investing in cryptocurrency. Not only is this one of the most popular investment strategies today, but it has potential to make considerable returns in the long run. And since cryptocurrencies are decentralized digital currencies, they are not subject to the same regulations that traditional currencies are subject to.
You could also use Musk’s money to invest in one of his own companies. Tesla is currently a major player in the automotive industry. The company has been going from strength to strength and is poised to become the leader in electric vehicles in the coming years. Or, invest in a company whose goals align with Elon’s. SpaceX for example, a space exploration company that aims to make space travel accessible for all.
With Elon Musk’s money, you could also buy land and work on humanitarian projects. You could use the money to feed the hungry or build wells to provide clean drinking water to people in need. Furthermore, investing in green initiatives such as wind farms or solar companies could help make the world a better place.
Fund Research
Elon Musk’s money can also help fund research. You can use it to support research efforts that could benefit the public. Investing the money into scientific research or towards medical discoveries can give you amazing returns in the long run.
Musk is always open to innovation, so with his money, you could also invest in alternative energies and green initiatives. These types of investments have the potential to yield great returns for not just the finances, but for the environment as well.
Investing in the future of humanity is one of the most important ways to put Elon Musk’s money to use. Investing in artificial intelligence and nanotechnology could reap huge dividends in the form of valuable resources and safer, healthier living conditions.
What about space exploration?
Elon Musk has always been a firm believer in space exploration and has worked hard to make this a reality. Even before he became a billionaire, he wanted to build rockets and launch himself into space. Now that he has the funds, he has become one of the most visible activists in space exploration and has made incredible progress with his space exploration research.
His ultimate goal is to send thousands of people to Mars and colonize the planet. Musk’s money can be used to accelerate this process, perhaps by funding research into the development of faster and more efficient space travel or sponsoring extended missions to Mars. These projects could ultimately benefit the entire world and help us go where no one has ever gone before.
What about philanthropy?
If a more altruistic route better suits your style, using Elon Musk’s money for philanthropy is a great option. Musk has made a name for himself by giving to various charities and causes, from supporting clean energy to providing educational resources in disadvantaged areas.
You could direct his funds to supporting the less privileged members of society or provide resources to start-ups and entrepreneurs in developing countries. With his money, you could also fund initiatives that promote positive gender and racial diversity. By investing in these projects, you can help build a better world and make a real difference to how our future looks.
Invest in yourself
Of course, you could always use Musk’s money to invest in yourself. Investing in yourself means taking the time to focus on personal growth and development. It can be anything from enrolling in a course to perfect your skills or creating a business plan to realize your dreams. The number of options available to you is virtually endless, so it’s only up to you to decide what you want to do with this money.
No matter what you choose, it’s important to think carefully about how you use Elon Musk’s money. Whether you use it to build a business empire or change the world, the possibilities are endless. If you invest it wisely, it could go a long way to achieving your goals.
