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.
Would You Invest in the Hyperloop? - Real Time Insight. Elon Musk is no stranger to game-changing ideas. The visionary was behind PayPal, then one of the first attempts at commercial space travel with SpaceX, as well as CEO of market darling Tesla Motors ( TSLA ) , the surging electric car maker. However, his latest idea could very easily top them all, and revolutionize transportation as we know it, the hyperloop.