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.
Together, Muskâs stakes in SolarCity and SpaceX are worth $1 billion. Musk made his first fortune as a cofounder of PayPal, the online payments system that was sold to eBay for $1.5 billion in 2002. Among his other PayPal cofounders: Peter Thiel, who later became the first significant angel investor in Facebook and is also a member of the Forbes Billionaires List.