Elon Musk Net Worth And Biography
Do you know Elon Musk’s net worth? The second richest man in the world. Let’s talk something small about Elon Musk, the legendary inventor, investor, entrepreneur, and billionaire.
Who Is Elon Musk?
Elon Musk is a South African-born Canadian-American business magnate, engineer, investor, and inventor. He is known as the founder, CEO, and CTO of SpaceX; CEO of Tesla Inc.; Co-founder of OpenAI, founder and CEO of Neuralink. He is also the founder of PayPal, one of the leading online payment gateway.
|Date Of Birth||June 28, 1971|
|Place Of Birth||Pretoria, South Africa|
|Source Of Wealth||Entrepreneur/Investor|
Elon Musk Early Life And Biography
Elon Musk was born in Pretoria, South Africa, on June 28, 1971. His father was an engineer from South Africa, and his mother was a model from Canada.
Elon Musk has two younger siblings called Kimbal and Tosca. At the age of 10, Elon Musk discovered his passion for computers and technology. He started learning computer programing at the age of 12. Elon created a video game called Blaster, which he sold to a magazine called PC and Office Technology for nearly $500.
Elon Musk attended the University of Pretoria at the age of 17 before moving to Canada. He attended Queen’s University and later moved to the University of Pennsylvania, where he graduated with a bachelor’s degree in Economics and physics.
His Entrepreneurship Career
In 1995, Elon Musk moved to California to attend Stanford University but instead dropped out to pursue a business career. After dropping out of Stanford University to pursue entrepreneurship, Elon and his brother Kimbal founded Zip2.
Zip2 was a web software company that developed and marketed an Internet “city guide” for the newspaper publishing industry. The company received deals with the Chicago Tribune and The New York Times and was eventually sold to Compaq for $307 million in 1999.
Elon Musk co-founded an online bank called X.com that year, which later became PayPal when X.com merged with Confinity. PayPal became the most prominent online payment transfer company, and in 2002, the company was acquired by eBay for $1.5 billion in stock.
From this time, Elon Musk decided to pursue his passion for changing and advancing the world through his innovative ideas. In 2004, Elon Musk joined electric vehicle manufacturer Tesla Motor, Inc., now Tesla Inc. He became the chairman and product architect, and in 2008, he became the CEO of the company.
He also helped in founding SpaceX and SolarCity, other successful companies. Elon Musk also co-founded OpenAI, a nonprofit research company that promotes friendly artificial intelligence. And in 2016, he co-founded Neuralink; a neurotechnology company focused on developing brain-computer interfaces.
What Is Elon Musk Net Worth?
As of 2022, Elon Musk net worth stands at 239.3 Billion USD. The success of his companies are growing month by month and is responsible for Musk’s sudden jump in net worth.
Here are some of the best highlights of Elon Musk’s career:
- Moved to Silicon Valley (1995)
- Sells Zip2 to Compaq for $307 million (1999)
- Creates X.com, which later becomes PayPal (1999)
- eBay acquires PayPal for $1.5 billion (2002)
- Becomes an American citizen (2002)
- Founds SpaceX9 (2002)
- Becomes CEO of Tesla (2008)
- Tesla Begin Deliveries of the All-Electric Model S (2012)
- The Model X Launch (2015)
- Tesla Merged with SolarCity (2016)
- The Model 3 Arrives (2017)
- The SpaceX Falcon Heavy Rocket Launches (2018)
Elon Musk is always a risk-taker. He’s not afraid to take a risk that will bring him success. If you look closely at how he became successful, you will see the risks of investing. From PayPal to SpaceX and Tesla, and now Elon Musk’s net worth is 239.3 Billion USD.
All his companies are about what the world needs in the future, which means Elon Musk’s net worth will surely go up.