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.
Elon Musk in July 2015 at the Allen & Company Sun Valley Conference in Sun Valley, Idaho. (Getty) Elon Musk is the 45-year-old founder and CEO of Tesla and SpaceX who has built a fortune revolutionizing land and space travel. A self-made multibillionaire, heâs trying to solve what he sees as the biggest problems facing humanity.