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Nikola Tesla Net Worth

Inventor · More Stars

Nikola Tesla
Photo: Napoleon Sarony · Wikimedia Commons · Public domain
Net Worth

No published estimate found. StarWorth reports figures only when a named publication has published one — this profile will be updated when a sourced estimate appears.

Last updated 28 October 2026

Quick facts

Born1856

ProfessionInventor

NationalityAustrian Empire

CategoryMore Stars

Background and career

Nikola Tesla (10 July 1856 – 7 January 1943) was a Serbian-American engineer, futurist, and inventor. He is known for his contributions to the design of the modern alternating current (AC) electricity supply system. Born and raised in the Austro-Hungarian Empire, Tesla first studied engineering and physics in the 1870s without receiving a degree. He then gained practical experience in the early 1880s working in telephony and at Continental Edison in the new electric power industry. In 1884, he migrated to the United States, where he became a naturalized citizen. He worked for a short time at the Edison Machine Works in New York City before he struck out on his own. With the help of partners to finance and market his ideas, Tesla set up laboratories and companies in New York to develop a range of electrical and mechanical devices. His AC induction motor and related polyphase AC patents, licensed by Westinghouse Electric in 1888, earned him a considerable amount of money and became the cornerstone of the polyphase system, which Westinghouse marketed. Tesla conducted a range of experiments with mechanical oscillators/generators, electrical discharge tubes, and early X-ray imaging among other things, in an attempt to develop inventions he could patent and market. He built a wirelessly controlled boat, one of the first wirelessly controlled vehicles ever produced. Tesla became well known as an inventor and demonstrated his achievements to celebrities and wealthy patrons at his lab. He was noted for his showmanship at public lectures. Throughout the 1890s, Tesla pursued his ideas for wireless lighting and worldwide wireless electric power distribution in his high-voltage, high-frequency power experiments in New York and Colorado Springs. In 1893, he made pronouncements on the possibility of wireless communication with his devices. Tesla tried to put these ideas to practical use in his unfinished Wardenclyffe Tower project, an intercontinental wireless communication and power transmitter, but ran out of funding before he could complete it. After Wardenclyffe, Tesla experimented with a series of inventions in the 1910s and 1920s with varying degrees of success. Having spent most of his money, Tesla lived in a series of New York hotels, leaving behind unpaid bills. He died in New York City in January 1943. Tesla's work fell into relative obscurity following his death, until 1960, when the General Conference on Weights and Measures named the International System of Units (SI) measurement of magnetic flux density the tesla in his honor. There has been a resurgence in popular interest in Tesla since the 1990s. In 2013, Time magazine named him one of the 100 most significant figures of all time.

Tesla was born into a family of ethnic Serbs on 10 July 1856 in Smiljan, then part of the Military Frontier of the Austrian Empire and now part of Croatia. His father, Milutin Tesla (1819–1879), was a priest of the Eastern Orthodox Church. His father's brother Josif was a lecturer at a military academy who wrote several textbooks on mathematics. Tesla's mother, Georgina "Đuka" Mandić (1822–1892), whose father was also an Eastern Orthodox priest, had a talent for making home craft tools and mechanical appliances and the ability to memorize Serbian epic poems. Đuka had never received a formal education. Tesla credited his eidetic memory and creative abilities to his mother's genetics and influence. Tesla was the fourth of five children. In 1861, Tesla attended primary school in Smiljan where he studied German, arithmetic, and religion. In 1862, the Tesla family moved to the nearby town of Gospić, where Tesla's father worked as parish priest. Nikola completed primary school, followed by middle school. Later in his patent applications, before he obtained American citizenship, Tesla would identify himself as "of Smiljan, Lika, border country of Austria-Hungary".

In 1870, Tesla moved to Karlovac to attend high school at the Higher Real Gymnasium where the classes were held in German. Tesla later wrote that he became interested in his physics professor's demonstrations of electricity. The "mysterious phenomena" made him want "to know more of this wonderful force". He was able to perform integral calculus in his head, prompting his teachers to believe that he was cheating. He studied three years at the gymnasium, graduating in 1873 at the age of 17. After graduating, Tesla returned to Smiljan but soon contracted cholera, was bedridden for nine months and was near death several times. In a moment of despair, Tesla's father (who had originally wanted him to enter the priesthood), promised to send him to the best engineering school if he recovered from the illness. Tesla later said that he had read Mark Twain's earlier works while recovering from his illness.

The next year, Tesla evaded conscription into the Austro-Hungarian Army in Smiljan by running away to Tomingaj, a village in the southeast of Lika, near Gračac. There he explored the mountains wearing hunter's garb. Tesla said that this contact with nature made him stronger, both physically and mentally. He enrolled at the Imperial-Royal Technical College in Graz in 1875 on a Military Frontier scholarship. Tesla passed nine exams (nearly twice as many as required) and received a letter of commendation from the dean of the technical faculty to his father, which stated, "Your son is a star of first rank." At Graz, Tesla was fascinated by the lectures on electricity presented by professor Jakob Pöschl. But by his third year, he was failing in school and never graduated, leaving Graz in December 1878. One biographer suggests Tesla was not studying and may have been expelled for gambling and womanizing.

Tesla's family did not hear from him after he left school. There was a rumor among his classmates that he had drowned in the nearby river Mur, but in January one of them ran into Tesla in the town of Maribor and reported that encounter to Tesla's family. It turned out Tesla had been working there as a draftsman for 60 florins per month. In March 1879, Milutin finally located his son and tried to convince him to return home and take up his education in Prague. Tesla returned to Gospić later that month when he was deported for not having a residence permit. Tesla's father died the next month, on 17 April 1879, at the age of 60 after an unspecified illness. In January 1880, two of Tesla's uncles paid for him to leave Gospić for Prague, where he was to study. He arrived too late to enroll at Charles-Ferdinand University; he had never studied Greek, a required subject; and he was illiterate in Czech, another required subject. He attended lectures in philosophy at the university as an auditor, but he did not receive grades for the courses. Tesla moved to Budapest, Hungary, in 1881 to work under Tivadar Puskás at a telegraph company, the Budapest Telephone Exchange. Upon arrival, Tesla realized that the company, then under construction, was not functional, so he worked as a draftsman in the Central Telegraph Office instead. Within a few months, the Budapest Telephone Exchange became functional, and Tesla was allocated the chief electrician position. Tesla later described how he made many improvements to the Central Station equipment including an improved telephone repeater or amplifier.

In 1882, Tivadar Puskás got Tesla another job in Paris with the Continental Edison Company. Tesla began working in what was then a brand new industry, installing indoor incandescent lighting citywide in large scale electric power utility. The company had several subdivisions and Tesla worked at the Société Electrique Edison, the division in the Ivry-sur-Seine suburb of Paris, in charge of installing the lighting system. There he gained a great deal of practical experience in electrical engineering. Management took notice of his advanced knowledge in engineering and physics, and soon had him designing and building improved versions of generating dynamos and motors.

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