Elon Musk Bio, Family, Career, & Net Worth
Who is Elon Musk?
The founder of Tesla Motors and SpaceX, Elon Musk, is responsible for launching a landmark commercial spacecraft in 2012. X.com (later PayPal), SpaceX, and Tesla Motors were founded by him in 1999, 2002, and 2003, respectively. Musk became a multimillionaire when he sold Zip2 to Compaq Computers in his late 20s.
SpaceX made headlines in May 2012 when it launched the first commercial vehicle to the International Space Station. In 2016, he boosted his portfolio with the purchase of SolarCity, and he took on an advisory role during the early years of President Donald Trump’s administration to cement his position as an industry leader.
|Full Name||Elon Reeves Musk|
|Date of Birth||June 28, 1971|
|Nationality||American, South African, Canadian|
In Pretoria, South Africa, Musk was born on June 28, 1971. During his childhood, Musk was so consumed with dreaming about inventions that his parents and doctors ordered a hearing test. Pretoria, South Africa, was the birthplace of Musk on June 28, 1971. Musk’s parents and doctors ordered a hearing test when he was a child due to his daydreams of inventions.
Musk developed an interest in computers when he was ten years old, around the time of his parent’s divorce. At age 12, he wrote his first game, Blastar, which he sold. He taught himself how to program. Musk was short, bookish, and introverted in grade school. A growth spurt and karate and wrestling helped him defend himself after he was bullied until he was 15.
His mother, Maye Musk, is a Canadian model and the oldest person to appear in a Covergirl campaign. As Musk grew up, she worked five jobs to support her family. Musk’s father is a wealthy South African engineer named Errol Musk. He spent his early childhood in South Africa with his brother Kimbal and sister Tosca. He was ten years old when his parents divorced.
After moving to Canada in 1989, Musk attended Queen’s University instead of enlisting in military service. Due to his belief that it would be easier to obtain American citizenship via this path, Musk obtained Canadian citizenship that year.
As a result of his studies at the University of Pennsylvania, Musk left Canada in 1992 to study business and physics. After graduating with an undergraduate degree in economics, he stayed for a second bachelor’s degree in physics.
Musk earned his Ph.D. in energy physics at Stanford University after leaving Penn. Nonetheless, he dropped out of Stanford after only two days to become a part of the Internet boom, launching Zip2 Corporation in 1995. In 2002, Musk became a citizen of the United States.
After college, Musk co-founded a software company called Zip2, which provided online news and information to newspapers. In 1999, the company was acquired by Compaq for nearly $300 million. Musk used the proceeds from the sale to co-found X.com, an online payment company that eventually became PayPal. In 2002, eBay acquired PayPal for $1.5 billion.
Since then, Musk has focused on several ambitious projects. He founded SpaceX in 2002 to reduce space transportation costs and enable Mars’s colonization. The company has developed a series of successful rockets and spacecraft, including the Falcon 1, Falcon 9, and Falcon Heavy, and has won contracts from NASA and other organizations to launch payloads into space.
Musk has also developed electric vehicles through his company Tesla, Inc. He founded the company in 2003 and has served as CEO since 2008. Tesla has released several electric vehicles, including the Roadster, Model S, Model X, and Model 3, and has disrupted the automotive industry with its innovative designs and technology.
In addition to his work with SpaceX and Tesla, Musk has co-founded Neuralink, a company developing implantable brain–machine interfaces, and The Boring Company, which is working on tunneling and transportation technology. He has also been involved in several other ventures and has made significant contributions to the field of renewable energy.
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- In addition to his work as an entrepreneur and business magnate, Musk has also been involved in several philanthropic and charitable endeavors. He has donated millions of dollars to various causes, including education and scientific research, and has supported several organizations working to address global challenges such as climate change and the COVID-19 pandemic.
- Musk is known for his outspoken personality and has often been in the public eye for his controversial statements and actions. He has faced criticism for his management style and tendency to make bold predictions and set ambitious goals and legal challenges related to his business practices.
- Despite these controversies, Musk has also earned a reputation as a visionary and a leader in the tech industry. He has been recognized with numerous awards and honors, including being named one of Time magazine’s 100 Most Influential People in 2013 and 2014 and being awarded the Pardee Prize for Exemplary Contributions to the Advancement of Global Human Freedom in 2019.
- In addition to his professional accomplishments, Musk has also been active in politics and public policy. He has expressed his views on various issues, including the need for action on climate change, the importance of investing in renewable energy, and the potential dangers of artificial intelligence. He has supported several political candidates and initiatives and has been involved in efforts to influence public policy on issues such as space exploration and energy policy.
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Networth of Elon Musk:
Fictional Networth calculated by subtracting the net worth of 2021 from the 2022 net worth:
Net Worth 2022: $ 251 billion (Forbes)
Net Worth 2021: $ 151 billion (Forbes)
According to Forbes, Elon Musk was the first person worth more than $300 billion in November 2021. $306.4 billion was Musk’s fortune at the time of his death.
Tesla billionaire Elon Musk is again the second-richest person on the planet after his fortune fell by nearly $14 billion in one day after a brief stint as the world’s wealthiest person. As Tesla shares fell by nearly 8% on Monday, Musk’s net worth dropped by $13.5 billion to $176.2 billion. In Forbes’ estimations, Musk has again fallen to second place after briefly overtaking Jeff Bezos as the world’s richest person last Friday. He is about $6 billion behind Amazon’s $182.1 billion net worth.
Including Thursday’s gains in Tesla shares, Musk’s net worth in January 2021 was more than $188.5 billion, $1.5 billion more than Bezos’.
Elon Musk, the maverick founder of the electric car company, has made the most money this year, with a fortune of $103 billion.
BusinessInsider Mar 2020: Musk has a $39.5 billion fortune, despite never taking a paycheck from Tesla. Every year, the CEO refuses to accept his minimum salary of $56,000. Tesla announced in January 2018 that Musk would not receive a salary, bonuses, or stock until the company reached a $100 billion market cap. If and when that happens, Musk could become the world’s richest person, surpassing Jeff Bezos.