Entreprenuers

All about Elon Musk, His Early life Education, Accomplishments, Kids & Family, Net Worth, Salary, Income

0
All about Elon Musk, his Kids & Family, Net Worth, Salary, Income

 

The world has seen many great entrepreneurs come and go. While some have achieved massive success, others have only made it to the headlines for their failures. The case is not different with Elon Musk, or as his fans know him, The Real Iron Man. Definitely, some of you are thinking about this iron man that:

WHO IS ELON MUSK?

Elon Reeve Musk is the co-founder and CEO of Tesla (electric car manufacturer) and SpaceX (rocket manufacturer).  He also co-founded the electronic payment firm PayPal.

  • Elon Musk, the magnetic personality CEO and co-founder of electric vehicle manufacturer Tesla and the rocket manufacturer SpaceX.
  • Growing up within South Africa, Musk spent some time in Canada before finally relocating back to the U.S.
  • In the University of Pennsylvania in physics, Musk started getting his feet firm as a tech entrepreneur and had early successes such as Zip2 as well as X.com.
  • He was the driving force behind the formation of PayPal, the company that later became PayPal.
  • Musk has been known to behave in bizarre manners from time to time and has been identified as having Asperger’s syndrome.

His introduction is not ended here, Elon’s brilliance throughout his journey continuously materialize into full-fledged success stories, making him a Real Hero for the rest of the world.

Elon Musk Early Life

He was born on June 28th, 1971 in Pretoria, South Africa. Musk was born to a South African father and a Canadian mother. His father was an engineer and his mother a nutritionist. The name itself comes from the movie ‘Elon’, which he watched just before being born according to what he himself claims.

Elon Musk Innovations In Early Life

He displayed an early talent for computers and entrepreneurship. At 8 years old, he sold the code of a video game that he created to a magazine for $500 dollars (what would be $8500 today). This is the first indicator of his clever and innovative mind. At around 12 years old, he had developed an arcade video game named “Blaster” and even sold it to a computer magazine for $500 dollars again at just 15 years old.

Elon Musk Education

In 1988, upon obtaining the Canadian passport 1988 Musk quit South Africa due to his inability to be a part of the apartheid regime through the military’s compulsory service. Musk’s journey didn’t end there. He was able to continue his studies at Queen’s University in Canada between 1992 and 1995. Musk was a student at Queen’s University in Kingston, Ontario and, in 1992, Musk transferred to the University of Pennsylvania, Philadelphia, and graduated with Bachelor’s Degrees in Physics as well as economics at the age of 1997. Musk enrolled in graduate studies in the field of physics at Stanford University in California, but he left after just two days due to the fact that he believed that the Internet was more likely to transform society than his working in physics.

After his stint at college, Musk decided that instead of studying for a Ph.D., he would rather try out some entrepreneurial ventures, which resulted in him co-founding Zip2 Corporation in 1995 with his brother Kimbal Musk. The company provided online content publishing software for news organizations, allowing them to easily build websites without needing web designers or programmers. In 1999, AltaVista (now a Yahoo company) bought Zip2 for $307 million dollars and Elon Musk’s share of the money was $22 million dollars.

Elon Musk Inventions

He then took his talents to the next level and founded X.com in 1999, which later became PayPal. The idea for an online payment service was ahead of its time and it received lots of criticism from banks who thought that such a service would be impossible to create because it flies in the face of their business model. However, PayPal went on to become one of the most successful internet ventures in history with a net worth of $1.5 billion dollars. It was acquired by eBay back in 2002 for $1.5 billion but Elon Musk had made $180 million dollars from the sale. A year later, eBay then decided that PayPal had outgrown its parent company and spun off into a separate company, which is now one of the most successful financial services companies in existence.

Elon Musk Major Contributions

Musk was also the one to fund two other multi-million-dollar startups; SpaceX and Tesla Motors.

SpaceX

SpaceX develops, manufactures and launches rockets that are advanced and spacecraft with the aim that space travel is affordable for all. SpaceX Company has launched a number of rockets into orbit, and Musk hopes to get the first humans to Mars by 2025.

Tesla Motors

Tesla Motors designs manufacture and sells electric vehicles with components for power trains. Their first vehicle”Tesla Roadster” was a contender for the fastest production vehicles in the world when it was released the year 2008 (the only production vehicle that is faster is the one produced by Tesla Motors itself).

Tesla Motors has also developed an innovative business model that involves providing cars straight to customers without the need of third-party dealerships that is the norm in the automotive business. This added to Elon Musk’s net worth of which is already over $1 billion at the moment.

SolarCity

Elon Musk continued to be successful by launching SolarCity Another solar energy company that hopes to make solar energy affordable for all through the leasing program they offer. These companies are all publically traded on stock exchanges and have market capitalizations of more than $50 billion dollars.

 Neuralink

In the year 2016, Musk co-founded Neuralink an innovative startup company in the field of Neurotechnology. This company’s aim is to bring together humans’ brains with AI. Neuralink’s mission is to design devices that are integrated into the human brain in order to facilitate the merging of brain and machines. They will also be able to integrate with the most current advances in artificial intelligence so that they remain up-to-date. These improvements can boost memory or enable the devices to interact with programs more efficiently.

In a live demonstration held in the month of August in 2020 Musk spoke of one of the first devices they developed as “a Fitbit inside your skull” which could be able to cure blindness, deafness, and paralysis as well as other ailments.

The Boring Company-Hyperloop

Musk ultimately thought of trying to merge all three of his businesses to create a futuristic vision referred to in the form of “The Hyperloop”. It’s a system of transportation with a huge low-pressure tube that magnetically levitated capsules travel at very high speeds. Musk’s vision would be to link cities using Hyperloops and eliminate the necessity of air transportation. It is also an environmentally-friendly mode of transport as it utilizes solar panels to power the system.

But, Musk is no longer an employee of any of his businesses and instead is the three companies’ primary investors. Musk is still the chairman of all three businesses, which is possibly a better job since it allows him to exercise complete control over any future decisions. Elon Musk has stated in numerous interviews that he’ll never ever stop until humanity has become an all-planet organism.

Elon Musk and his wife, Elon

Elon had two marriages and has become the parent of 5 children. As you can observe, Elon Musk’s net worth is the direct result of his extraordinary determination and love for science and technology that will ensure Elon Musk’s legacy is a constant even after his death.

Elon Musk Net Worth

Elon Musk was a graduate of Queenstown High School in 1990 then he proceeded to earn a BS qualification from the Department of Physics at the University of Pennsylvania, an MS degree in Energy Engineering from Stanford University as well as a Ph.D. diploma with a focus on Applied Physics from Stanford University in addition. Elon Musk has stated repeatedly that it was at college that he felt the most at ease, being surrounded by the most brilliant minds in the nation. Elon Musk is currently worth approximately $196.3 billion USD(according to Forbes).

Elon Musk Relationship

“I had a terrible upbringing,” Elon says. ” It would have been easy for me to become very depressed or very bitter, but I never have been.”

Elon Musk had always dreamed of traveling into America after watching numerous films on Silicon Valley and reading about the many stories of success that started on this side of the globe. Elon lived with his brother during his time at The University of Pennsylvania. Elon is able to spend most of his moments with five of his sons when they’re not working at three multi-billion-dollar businesses. Elon loves playing video games on an enormous scale, in addition to being a father. Elon Musk’s girlfriend of the moment is a well-known British actress Talulah Riley.

Elon Musk Brief History

Elon Musk: A Brief History Elon Musk Elon Reeve Musk (born 28 June 1971) is a South African-born Canadian American business magnate and investor. Elon was born in Pretoria, Transvaal, South Africa and is married to Maye Musk who is a model and dietician, both born in Regina, Saskatchewan, Canada as well as Errol Musk who is a South African electromechanical engineer, pilot, and sailor. His mother is a citizen of CANADA and South AFRICA Elon has an older half-brother, Kimbal (from the marriage that his father had with his first wife) as well as an older brother named Tosca Musk. Elon Musk made a fortune in his 20s, when the startup company, Zip2, to a subsidiary belonging to Compaq Computers. Elon Musk founded X.com which is an internet-based financial service and e-mail payments company. On March 28, 2000, X.com was acquired by Confinity and changed its name later to PayPal. Elon quit the company after it was acquired by his next venture, SpaceX, which was supported by NASA to ensure that Elon could work on space-related technology such as rocket boosters the Falcon 1 launch vehicle; which would eventually result in more ambitious goals like the colonization of Mars. Elon Musk co-founded SolarCity, who is his chairman and the largest provider for solar-powered systems across the United States. Elon Musk founded Tesla, Inc. in 2003 to develop electric vehicles.

 

 

Books on Elon Musk

Many writers have written books on the life, accomplishment, and imaginations of Elon musk. Some books names are as follows:

  • Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future

by Ashlee Vance

  • Power Play: Tesla, Elon Musk, and the Bet of the Century

by Tim Higgins

  • Elon Musk: A Biography of Billionaire Entrepreneur Elon Musk

by Robert Hanson

  • Elon Musk: A Mission to Save the World

by Anna Crowley Redding

  • Liftoff: Elon Musk and the Desperate Early Days That Launched SpaceX

by Eric Berger

  • Rocket Man: Elon Musk In His Own Words (In Their Own Words)

by Jessica Easto