Mutual company. 1  A corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company. 2  A company structure in which the company's owners are also its clients. 3  A company owned by its customers rather than by a separate group of stockholders.
Elon Musk has an estimated net worth of $13.2 billion, making him the 87th richest person in the world, according to Forbes' real-time ranking on June 15. Microsoft founder Bill Gates currently reigns as the wealthiest person on this planet, with a net worth of $79.1 billion.
Renewable energy wouldn't just be an afterthought on your home. Elon Musk's fondness for ambitious, out-of-left-field ideas isn't restricted to electric cars or rockets. During SolarCity's latest earnings call, the entrepreneur revealed that his energy-focused company is developing a solar roof -- not a roof with solar panels on it, a roof made out of solar cells. As Musk explains, people install millions of new roofs every year.