Investor and business tycoon Elon Reeve Musk. He founded SpaceX, served as its founder, CEO, was Tesla’s CEO , owned and presided over Twitter, and served as president of the charitable Foundation called as the Musk Foundation. Musk is the second richest person in the world as of March 27, 2023, with an estimated value of roughly $192 billion, mostly derived from his ownership shares in Tesla and SpaceX.
Childhood & Family:
On June 28, 1971, in Pretoria, Elon was born. Musk is descended from British people. Maye Musk, a model and nutritionist is his mother. His father is a half-owner of an emerald mine. He is an engineer, aviator, sailor, advisor and real estate developer. Musk’s younger sister is Tosca and brother is Kimbal. When Musk was younger, his family was affluent. His children were said to share their father’s distaste for apartheid when his father was elected as a member of the anti-apartheid Progressive Party.
Musk decided to spend the most of his time with his father after his parents’ separated in 1980. Musk later came to regret his choice, and he and his father are no longer close. Musk was described by Ashlee Vance as a shy and timid youngster.He became interested in computer applications and video games at a younger age and began to programme using the VIC-20 user manual.
Education:
Musk went to the Pretoria Boys High School, Bryanston High School,before graduating. Aware it’d be simpler to move to the US in this way, Musk sought for a Canadian visa with his Canadian-born father. He studied at the Pretoria University for some period of months while his application was being reviewed.Musk spent a year with a cousin while working various jobs at a farm and a timber mill in Saskatchewan.He started at Ontario’s Queen’s University in 1990.He switched to the Pennsylvania University after two years, where he finished his B.A degree in physics and B.SC degree from the Wharton School in economics.Musk asserts he received the degrees in 1995, but UPenn insists it was 1997. According to reports, he drafted a business plan for an electronic book-scanning service comparable to Google Books and had sizable, ticketed home parties to help pay for school.He was granted admission to Stanford University’s PhD programme in materials science in 1995.Musk, however, made the decision to take advantage of the Internet explosion and left the programme two days after getting admitted. He later applied for a position with the company Netscape, but unfortunately or unfortunately,he never heard back from them.
Initial Business Career:
Musk co-founded the online financial and email transaction business X.com later that year. Over 200,000 people signed up for its services in the first few months of operation. Despite the fact that Musk founded the business, investors thought he lacked experience and before one year, Bill Harris, had taken over.In order to prevent rivalry with Confinity’s PayPal money-transfer service, which was more well-known than X.com’s business, X.com and Confinity merged in 2000.Musk then made a comeback as the combined company’s CEO. A sparked conflict among the staff, ultimately led to the resignation of Confinity’s founder, Peter Thiel. Due to the company’s escalating technology problems and the absence of a consistent business model,In September 2000, the board fired Musk and appointed Thiel in his place. The business became more centered on currency transactions under Thiel, and in 2001 it changed its name to PayPal.
In 2002, eBay paid $1.5 billion in stock to purchase PayPal, and the majority owner, Elon Musk, got $175.8 million of that sum.Musk acquired the X.com name from PayPal in 2017—for its sentimental worth. Musk mentioned that he is willing and planning to create “X- the app” which is an everything app, in 2022.
Tesla:
If there is one word that everyone has become instantly aware of, that is tesla.Co-founder of Tesla ,Musk has been the CEO of any car manufacturer worldwide for the greatest amount of time as of 2019. While still serving as CEO. In 2008, Tesla produced the company’s first electric based working sports automobile/vehicle. It was the first one to serially produce all-electric automobiles/vehicles to employ lithium-ion battery cells, selling for about 2,500 cars. In 2012, Tesla started shipping its four-door Model S sedan. The Model 3,which is a mass-market one of the sedan’s was introduced in the year 2017. The Model 3 was the first electric vehicle to sell a million cars worldwide, becoming the all-time best-selling plug-in electric vehicle in June 2021. 2019 saw the introduction of the Cybertruck. Under Elon, Tesla built a number of Gigafactories, also known as batteries and electric car factories.
Tesla Energy and SolarCity
There are two green vans with the SolarCity emblem.
Vehicles used to install solar panels by SolarCity in 2009
Lyndon and Peter Rive, Musk’s cousins, created SolarCity in 2006 with Musk’s initial idea and financial backing.The second-largest supplier of solar energy sources in the US by 2013 was SolarCity.In 2014, Musk pushed the concept of SolarCity constructing a state-of-the-art manufacturing plant in Buffalo. Estimation is that it would be three times larger in proportion than the country’s largest solar farm.
Twitter:
Early this year, everyone went gaga over the fact that Elon bought twitter due to his banning from the platform for using his freedom of speech.As early as 2017, Musk indicated interest in acquiring Twitter and had earlier criticized the dedication of the site to free expression. Musk began buying Twitter shares in January 2022, and by April he had amassed a 9.2% position, marking him the company’s majority stakeholder. After this was made public, Twitter stock saw its biggest intraday price increase since its IPO in 2013. Musk, though, launched a takeover attempt to purchase 100% of Twitter’s shares at $54.20 per share on April 13 with a $43 billion offer to buy the social media platform.
Networth and wealth:
With a net worth of $185 billion, Musk exceeded Jeff Bezos, the founder of Amazon, to claim the title of the world’s wealthiest individual in January 2021. The following month, Bezos recaptured first place. As Tesla’s stock price soared on September 27, 2021, Forbes declared that Musk was the world’s richest person with a networth of over $200 billion. Musk was named the first billionaire to have a net worth of $300 billion in November 2021.
Read More: Disha Vakani : Height, Weight, Career, Family
According to a report on December 30, 2022, Musk had suffered a loss of sum of $200 billion from worth as a result of falling Tesla stock prices,Musk received recognition from Guinness World Records in January 2023 for suffering the “biggest loss of personal information.”