Nikola Tesla's Net Worth as of 2024
$1,000

Nikola Tesla was born on the 10th July 1856, in Smiljan, Austrian Empire of Serbian American descent, and was a physicist, inventor and electronic engineer. Tesla is recognized as one of the most important scientists of the 19th century and early 20th century, having invented the alternating current motor, which sparked the spread of AC power to ordinary consumers. He passed away in 1943.

How much was the net worth of Nikola Tesla? It has been estimated by authoritative sources that the outright size of his wealth was as much as $1,000, converted to the present day.

Nikola Tesla Net Worth $1,000

To begin with, he was born in the small town of Smiljan in the Lika region of the Austrian Empire (now in Croatia). Nikola was educated at Karlovac Gymnasium, and then graduated from the Technical University Graz. He became an American citizen in 1891. He stood behind the world’s first AC (the modern alternating current electric supply system) that he proclaimed in a speech at an American university in 1888.

Concerning Tesla’s career, at first he worked for Thomas Edison in the department of the repair and development of various machines. It is said that in 1885 Tesla offered to make Edison’s generators more efficient, to which Edison suggested $50,000 for Tesla. However, after Tesla had spent two months on improving the generators, Edison claimed that he had played a joke on him. This made Tesla furious, and although Edison offered almost twice the salary, Tesla resigned the same day. Afterwards, they went their separate ways and became bitter rivals.

It should be noted that Tesla developed an induction motor, and the modern alternating current electric supply system, and he has also experimented with X-rays. In 1900, Tesla began construction of a laboratory, Wardenclyffe Tower, but the stock market in USA cracked that year and Tesla’s main sponsor, John Pierpont Morgan could no longer support him, which halted construction of Wardenclyffe Tower. In 1903, Wardenclyffe Tower was finished, though not completely, and in 1917 it had to be closed and demolished. Furthermore, Tesla made many other inventions particularly involved with electricity. One of Tesla’s greatest inventions was the radio, however, he received credit for it only after his death. Most sites still claim that Italian Guglielmo Marconi was the inventor of the radio, but when he launched his invention in 1895, it was based on the attempt that Tesla had made two years previously. Marconi denied, however, that he had any knowledge of Tesla’s experiments, so he managed to appear as the inventor of radio. In 1943, a few months after Tesla’s death, the Supreme Court of USA announced that it was Tesla who was the actual inventor of the radio.

It is worth saying that the unit of magnetic field strength measurement is named after Tesla. The vehicle company Tesla Motors, producing electric cars and based in California, is also named after him. The IEEE Nikola Tesla Award is also named for him, and is a reward for contribution to the utilization or generation of electric power.

Finally, in the personal life of the inventor, he was never married. Nikola Tesla passed away because of coronary thrombosis at the age of 86 in January 1943, in New York City, USA.