J.B. Straubel Net Worth [The Only Other Billionaire Tesla Co-Founder]

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Net Worth:$1.3 billion
Profession/Career:Engineer, Entrepreneur
College:Stanford University
Major/Degree:BS in Energy Systems Engineering, MS in Energy Engineering
Full Name:Jeffrey Brian Straubel
Date of Birth (Age):December 20, 1975 (46 years old)
Place of Birth:Des Moines, Iowa
Height:6 ft 0 in

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Net Worth of J.B. Straubel

J.B. Straubel’s net worth is estimated to be roughly $1.3 billion in 2022.

The majority of J.B. Straubel’s net worth can be attributed to his shares in Tesla Motors. He served as CTO to Tesla up until 2019, when he left to found Redwood Materials, a battery recycling startup. It’s been reported that at Tesla IPO, he had roughly 367,000 shares. However, unlike the other three original co-founders of Tesla (Martin Eberhard, Marc Tarpenning, Ian Wright), he did not sell the majority of his holdings. Since IPO, his shares have increased, either through further purchases, compensation, and/or stock splits. He has sold some shares along the way to lock in profits as well. At its peak, his total shares were potentially worth around $1.3 billion.

As of 2022, he still owns over 4.1 million shares of Tesla which themselves equate to over $700 million of his overall net worth. Other contributors to his overall net worth include shares that he potentially sold at Tesla’s peak valuation, and any profits and/or salary he’s made, if any, from Redwood Materials since its inception.

How much does J.B. Straubel earn in a year?

J.B. Straubel is estimated to earn roughly $50 million a year.

It’s hard to pinpoint just how much J.B. Straubel makes on a yearly basis, as most of his earnings have come in enormous spurts at a time. If we assume $1 billion in assets invested with a conservative 5% rate of return per year, he will make roughly $50 million a year in earnings. He is currently serving as CEO of his company Redwood Materials, and we can safely assume that any salary he makes from it pales in comparison to any earnings he is making from his $1 billion or so invested in stocks, bonds, and other investment products.

Did J.B. Straubel grow up rich or poor?

It’s not clear whether J.B. Straubel grew up rich or poor. In fact, not much is known about his parents or family either. All we know is that he grew up in Des Moines, Iowa, and likely grew up in a middle-class family with a reasonably comfortable upbringing financially. He has never mentioned growing up in poverty nor has he ever mentioned any other sort of significant struggles he has had along the way to success. For all we know, he was always highly-driven and the path to success for him was relatively straightforward.

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