Elon Musk is an American businessman and entrepreneur who is best known as the founder of Tesla, Inc., co-founder of Paypal, and founder of SpaceX.
While he’s best known for Tesla and SpaceX, Elon Musk has helped to create many other companies including SolarCity, Hyperloop, and OpenAI; the latter of which focuses on advancing digital intelligence to benefit humanity as a whole according to their website. But how did he make all this money? How rich is Elon Musk? And what were his first steps on the way to becoming one of the richest people in the world?
Born in South Africa
Elon Reeve Musk (born June 28, 1971) is a business magnate, industrial designer, and engineer. He is the founder, CEO, CTO, and chief designer of SpaceX; early investor, CEO, and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. A centibillionaire, Musk is one of the richest people in the world.
He was born on June 28, 1971, in Pretoria, Transvaal Province (now Gauteng), South Africa, to a Canadian mother and a South African father. His father, Errol Musk (1910–2002), was an electromechanical engineer and his mother is author Maye Musk (née Haldeman; born May 4, 1948). Elon’s grandfather Joshua Haldeman was born in Canada. While growing up, he had an interest in reading and often read science fiction books. At age 10, he developed an interest in computing with the Commodore VIC-20.
During his childhood, he had an interest in reading and often read science fiction books. At age 10, he developed an interest in computing with the Commodore VIC-20. He taught himself computer programming at a young age, and by the age of 12 sold his first commercial software (the game Blastar) to a magazine called PC and Office Technology, which was published by his father. He graduated from Pretoria Boys High School early at age 17.
Studied Computer Science at University
Elon Musk is now the richest man in the world, but how did he get there? He started by studying computer science at university. This gave him the skills he needed to create successful startups like PayPal and Tesla. He also has a knack for making money – his net worth is estimated to be $182 billion! But it’s not all about the money for Musk. He’s also passionate about making a difference in the world, and his work on electric cars and space exploration is proof of that. So how did this self-made billionaire become the richest man in the world? Let’s take a look at his journey.
First, let’s take a look at Elon Musk’s impressive resume. He got his first degree in physics from the University of Pennsylvania but later moved to Stanford to get his Master’s in business and computer science. This led him to Silicon Valley where he co-founded a number of companies including Tesla and PayPal. With those successful ventures under his belt, Musk decided to start SpaceX, which makes reusable rockets that can send satellites into space for far less than NASA could do for.
These ventures have made Elon Musk incredibly rich. In 2012, he was named in Forbes’ List of 400 richest people in America. By 2019, his net worth had hit $20 billion – more than Jeff Bezos and Mark Zuckerberg combined! Now that we know how he became so successful, let’s look at what makes him tick. He’s passionate about making a difference in the world. He wants to save humanity from killer robots and help everyone move to Mars (or at least encourage them to do so).
Moved to Canada
At the age of 17, Elon Musk moved to Canada to attend Queen’s University. He transferred to the University of Pennsylvania two years later. In 1995, he started a Ph.D. in applied physics and materials science at Stanford University but decided to pursue business opportunities instead after two days. So how did this self-made billionaire become the richest man in the world? Let’s take a look at Elon Musk’s net worth in 2022 and how he makes his money.
Elon Musk started his entrepreneurial journey with a video game called Blastar. He was 12 years old at that time and created a company called Zip2, which allowed companies to create city guides for newspapers. For example, if you wanted to put an ad in The New York Times, your ad could go in every issue on every page where that section was published.
In 1995, he started a PhD in applied physics and materials science at Stanford University but decided to pursue business opportunities instead after two days (later, he dropped out of college because of academic dysfunction). He then co-founded Zip2 Corporation which provided digital maps to online newspapers with revenues of $20 million by 1999. Here’s how Elon made his first millions…and billions!
Started an Internet Start-Up
In 1995, at the age of 24, Elon started an internet startup called Zip2 with his brother Kimbal. The company provided online city guides for newspaper publishers. In 1999,Compaq Computer Corporation bought Zip2 for $307 million in cash. He invested $10 million of the money he made from the sale of Zip2 into PayPal and became its largest shareholder. In 2002, PayPal was acquired by eBay for $1.5 billion. At the time of the sale, Musk owned 11 per cent of PayPal. In 2004, he founded SpaceX, an aerospace manufacturer and space transport services company
In 2006, Musk founded Tesla, an electric car company. He serves as CEO and CTO of Tesla. In 2015, Musk co-founded OpenAI, a nonprofit research company that aims to promote friendly artificial intelligence in such domains as digital assistants and robotics. In 2016, he co-founded Neuralink, a neurotechnology startup company that aims to create brain-computer interfaces. As of June 2017, Forbes estimated his wealth at $15.2 billion making him one of The World’s 100 Most Powerful People. Elon has been married twice: first to Justine Wilson from 2000 to 2008 with whom he had six sons; then to Talulah Riley from 2010 until now with whom he has one son; none of them is adopted, children. What does musk do in his spare time?
Elon is an avid fan of video games and has said that they have been his biggest inspiration. He owns several video game-themed Twitter accounts including @iron_elon and frequently retweets gaming news. He also donates to charities and scientific causes through The Elon Foundation, which he founded in 2002. How does Elon help society?
Net Worth Today
As of today, Elon Musk is the richest man in the world with a net worth of 235.8 billion USD. This is according to the Bloomberg Billionaires Index. He is also the founder, CEO and CTO of SpaceX, co-founder of Tesla Motors, and chairman of SolarCity. In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO, CTO, and lead designer. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. In 2006, he helped create SolarCity, a solar energy services company and current Tesla subsidiary.
Elon has been listed among Forbes ‘ 400 wealthiest people in America since 2008. In 2017, he was #204 on the Forbes list of The World’s Most Powerful People. By 2015, his net worth was estimated to be $14 billion by Forbes and at least $12 billion by March 2017. He has said that his investments represent 10% of his overall net worth. His current business interests include space exploration (SpaceX), sustainable energy (SolarCity), transportation (Tesla Motors) and Aesthetics (The Boring Company).
Conclusion
Elon Musk is the founder, CEO and CTO of SpaceX, co-founder of Tesla Motors, and chairman of SolarCity. He has an estimated net worth of $22.8 billion as of March 2021. In 2002, he founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO, CTO, and lead designer. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. In 2006, he helped create SolarCity, a solar energy services company and current Tesla subsidiary. A year later, he became its chairman.
Elon Reeve Musk (born June 28, 1971) is a South African-born Canadian-American business magnate, investor, engineer and inventor. He is the founder, CEO and CTO of SpaceX; co-founder, CEO and product architect of Tesla Motors; co-founder and chairman of SolarCity; co-chairman of OpenAI; founder of Zip2; and co-founder of PayPal. He has an estimated net worth of $21.2 billion in 2021.
Elon Musk attended Waterkloof House Preparatory School and Bryanston High School. At age 17, he moved to Canada when he was accepted into Queen’s University, Kingston, Ontario. After spending two years at Queen’s University, he transferred to the University of Pennsylvania for a bachelor’s degree in physics from Penn’s College of Arts and Sciences, graduating with honours in 1995. He attended Stanford University next on a full scholarship,[where?] earning dual degrees: a Bachelor of Science in economics and a Bachelor of Science in physics.
