Do you want some motivation? Are you interested in a few tricks to raise your business? So you are at the right place where you will get all information about the trillionaire of the world, Elon Musk.
Additionally, you can also get to know a glance at his personal life and controversies.
Elon is famous as a South African entrepreneur who founded Tesla Motors and SpaceX, which launched a landmark commercial spacecraft in 2012.
American entrepreneur who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch vehicles and spacecraft with NASA.
He was also one of the first considerable investors and the chief executive officer of the electric car manufacturer Tesla.
“Constantly think about how you could be doing things better. Keep questioning yourself.”
Personal Status
| Name | Elon Reeve Musk |
| D.O.B | June 28, 1971 |
| Place of birth | Pretoria, South Africa |
| Age | 51 |
| Zodiac sign | Cancer |
| Height | 6 ft 2 |
| Weight | 82 kg |
| Marital status | Divorced |
| Profession | Aerospace Engineer, Entrepreneur, Investor, and Inventor. |
| Net Worth | $181 Billion |
| Children | 9 children |
Who is Elon Musk?
Entrepreneur Musk has gotten eminence as the chief executive (CEO) of electric autos maker Tesla Inc and CEO of SpaceX worldwide. Musk is also the co-founder of PayPal and also made a negotiations deal to take Twitter Inc. private.
Through his triumph and personal style, he compares colorful tycoons such as Steve Jobs, Howard Hughes, and Henry Ford. With an estimated withdrawal of $220 billion, he became the richest person in the world till June 2022. Elon is the first one who achieved the peculiarity surpassed Amazon founder Jeff Bezos in 2021.
Childhood & Family Background
Musk is the son of Maye Musk, who is a Canadian model, and Errol is a prosperous South African engineer. In childhood, he was too lost in his daydreams about invention, and his parents were concerned about him. Thus, the doctor recommended testing his hearing aid.
At 10, his parents separated, but he is interested in computers. After his parent’s separation, Musk lived first and foremost with his father. Afterward, he would give the name his father, “a terrible human being… almost every evil thing you could possibly think of, he has done.”
Musk’s mother, the oldest woman to star in a Cover girl campaign, worked five jobs at a time to support her family when Elon was growing. When Musk was growing up, she worked five jobs at one point to support her family. Musk spent his early upbringing with his brother Kimbal and sister Tosca in South Africa.
At an early age, he learned how to program and made a video game, Blaster, -a video game in the style of Space Invaders. At the age of 12, he sold the code of the game to a P.C. Magazine for $500.
Musk was quite an intellectual and shy person in grade school. Even he was harassed by his mate till the age of 15. Then he learned how to defend himself through karate and wrestling and underwent a growth surge.
Elon Musk Education
In 1989, at 17, Musk left South Africa and shifted to Canada to enroll in Queen’s University, evading obligatory service in the South African military.
The same year, he got his Canadian citizenship because of his mother’s citizenship. He thought it was the best way to obtain American citizenship.
In 1992, he moved to America to attend the University of Pennsylvania to study major subjects- business and physics.
He graduated in economics and continued to earn a second bachelor’s degree in physics. With a colleague, he bought a 10-bedroom union house, which they used as an ad hoc nightclub.
To pursue an education career, in the summer of 1995, Musk moved to Silicon Valley and attended Stanford University in California to do a Ph.D. in energy physics.
Though, his time was perfect for the Internet Boom, so he dropped out of Stanford after two days to become part of it. In 2002, he got U.S. citizenship.
Owner of the Ventures & Inventions
From the making of Video games to the founder of Zip2 to the owner of SpaceX and CEO of Tesla to the inventor of the Falcon 9 rocket, Elon has risen step by step through his business skills along with his fondness for technology. Let’s see his ownership and inventions for the world.
Zip2 Corporation
In 1995, he introduced his first company name Zip2 Corporation, an internet business directory with maps, with his brother Kimbal Musk. In 1999, Zip2 was bought by Compaq Computer Corp. for $341 million in cash and $34 million in stock options.
PayPal
In 1999, Elon and Kimbal Musk used the money to acquire X.com, an online payment service. That company X.com merged with a money transfer firm, Confinity, and the company was renamed PayPal.
In October 2002, Musk received his primary billion when eBay acquired PayPal for $1.5 billion in stock. Before the sale, Musk owned 11 percent of PayPal stock.
Tesla
Musk was always interested in electric cars venture; even an initial investor in 2004 ultimately contributed about $6.3 million to start the joint venture with engineer Martin Eberhard. The company will later know as Tesla Motors.
In 2007, Eberhard was ejected due to a series of disagreements, and the temporary CEO was hired till Must took control as CEO and product architect. Under his companionship, Tesla becomes the most valuable global automaker and best-known brand.
Elon Musk- Founder of SpaceX
In 2002, Musk founded another corporation, Space Exploration Technologies Corporation or Spac X, to make commercial space travel.
SpaceX has made a prestigious treaty with NASA and U.S. Air Force to perform military missions and manufacture rockets. Till 2008, SpaceX had merged amazingly.
So, NASA awarded the company the contract to handle cargo transport for the International Space Station—with plans for astronaut transport in the future—in a move to replace NASA’s own space shuttle missions.
Musk has been very choral about sharing his aspiration to work with NASA on a mutual mission to set up an astronaut to Mars by 2025.
Musk unveiled that he wants a 9.2% stake in Twitter in April 2022. Twitter responded and offered a seat on the board, which he accepted after seeing better days later. After that, Musk sent a “bear hug” letter to Twitter’s board, offering to acquire the company at $54.20 per share.
By disheartening Musk from adding a larger stake, Twitter’s board took a bitter pill. Eventually, they accepted his demand with the offer of $46.5 billion in committed financing for the deal in a securities filing.
Some other ventures include
- Falcon 9 Rockets
- BFR Mission to Mars
- Starlink Internet Satellites
- Tesla Motors
- Roadster
- Model S
- Model 3
- Semi Truck
- Model Y and Roadster
- SolarCity
- The Boring Company
Elon Musk-Remarkable Inventions
- Hyperloop
- A.I. and Neuralink
- High-Speed Train
- Flamethrower
Net worth
Musk has withdrawals of $181 billion. However, he owns many ventures and continuously goes up with the latest projects.
He holds the record for being the richest person in the world and the richest person in modern history.
In October 2021, Tesla’s market ceiling busted $1 trillion for the first time. That same month SpaceX raised money at a $100 billion valuation. At this point, Elon’s net worth teetered around $300 billion for the first time.
Real States
Formerly, Musk owned a $100 million net worth of real estate in California. In 2017 he bought a 100-year-old 16,000-square-foot villa for $23.64 million.
In Southern California, he once owned six homes in the Los Angeles neighborhood of Bel-Air. His Bel-Air footprint included a 20,000-square-foot house that he bought for $17 million in 2012, a 7,000-square-foot house he bought for $20 million in 2015, and a 9,300-square-foot house he purchased in 2016 for $24.25 million.
In 2020 Elon staggered the world by announcing his aim to vend all of his worldly belongings, starting with his L.A. homes.
By keeping his word, he continued to vend off each home. He sold four homes at once to one purchaser in December 2020.
Elon Musk-Generous Work
The perpetuations of the future of the human race and the ceaseless potential of space exploration have turned out to be the keystone of Musk’s enduring interests.
So, he has established the Musk Foundation, which is devoted to space exploration and the innovation of renewable and unsoiled energy sources.
In October 2019, Musk undertook to contribute $1 million to the #TeamTrees campaign, which intends to plant 20 million trees worldwide by 2020. He also changed his Twitter name to Treelon for the event.
Personal Life
In 2000, Musk wed Justin Wilson, and the duo had six children twins Griffin and Xavier (born in 2004) and triplets Kai, Saxon, and Damian (born in 2006). However, their first child died in 2002 due to Sudden Infant Death Syndrome.
Elon tied the knot in 2010 with Talulah Riley after the controversial divorce from Wilson. In 2012, Riley and Musk split their ways and again married in 2013. Finally, in 2016, they ended their relationship in divorce.
After two years, Musk started dating musician Grimes. In the same month, she replaced her name’s first letter with “c,” the symbol for the speed of light, to encourage Musk.
However, fans criticized her for dating a billionaire who is known as predator zone” among accusations of sexual harassment.
In 2020, they welcomed their first child named the boy “X Æ A-12.” But on the claim of California State, the couple changed the son’s name to “X Æ A-Xii.”
In December 2021, Musk and Grimes welcomed their second child via a surrogate, a daughter named Exa Dark Sideræl Musk.
Musk’s Tweet and SEC Investigation
On August 7, 2018, Musk shocked his followers with a tweet: “Am considering taking Tesla private at $420. Funding secured.”
The announcement opened the door for legal action against the company and its founder, as the SEC began inquiring whether Musk had indeed secured the funding as claimed.
Several investors filed lawsuits because Musk was looking to manipulate stock prices and ambush short sellers with his tweet.
Musk consequently settled a U.S. Securities and Exchange Commission (SEC) complaint claiming he deliberately deceived investors with the tweet by paying a $20 million fine along with the same penalty for Tesla and agreeing to let Tesla’s lawyers approve tweets with material, corporate information before posting.
Musk’s tweet initially sent Tesla stock pointing before it closed the day up 11 percent. The CEO followed up with a letter on the company blog, calling the move to go private “the best path forward.” He promised to retain his stake in the company and to create a special fund to help all current investors remain on board.
Six days later, Musk sought to clarify his position with a statement in which he pointed to discussions with the managing director of the Saudi Arabian sovereign wealth fund as the source of his “funding secured” declaration.
He later tweeted that he was working on a proposal to take Tesla private with Goldman Sachs and Silver Lake as financial advisers.
In March 2022, Musk filed a court motion to remove the permission verdict trunk from that case. In April 2022, during a live TED Talk, Musk called the SEC regulators on the case “bastards.”