Elon Musk is Currently the Richest Man in The World, The world’s most renowned entrepreneur and the CEO of two of the world’s largest companies, SpaceX and Tesla, is set to become the world’s first trillionaire.
Early life
Born on June 28, 1971, to a South African father and a Canadian mother. He started showing keen interest in computers and technology at the tender age of 12 and went ahead to create a video game which he later sold to a computer magazine.
In 1988, Elon Musk left South Africa for Canada due to his unwillingness to support the apartheid and also seek greener pastures, he believed the environment there would be more conducive to exploring more opportunities.
PayPal and Space X
Having enrolled in Queens University in Kingston, Canada which he later transferred to the University of Pennsylvania, Philadelphia, Elon Musk graduated with a bachelor’s degree in physics and economics in 1997.
He later had a short stint at Stanford University in California but couldn’t complete it because his mindset about physics changed and he opted for technology.
Elon came up with his first innovation called Zip2 which aided newspapers with maps and business directories but later sold it to Compaq for $307 million. He later founded an online financial service company called X.com. X.com however merged and the name later changed to PayPal which specialized in money transfer.
Elon Musk become more concerned about humanity surviving on other planets so he went into the production of rockets when he founded Space X to make affordable rockets, to aid astronauts flying to space.
Their first project was falcon 1 launched in 2006, the bigger Falcon 9 was launched in 2010 and the third one falcon heavy launched in 2018. Which sole responsibility was transportation between earth and on the moon and mars.
Space X later developed the Dragon spacecraft which carries supplies to the international space station, It flew a crew of astronauts Doug Hurley and Robert Behnken to the ISS in 2020.
Tesla
As someone who has always had a passion for electronic cars and believed diesel cars will become a thing of the past, he became a product architect for Tesla Motors which later became Tesla.
Elon Musk later rose to the ranks to become a CEO which he helped create Solar city a solar energy service now a subsidiary of Tesla. Today his Tesla company stands tall as one of the most valuable companies with a market cap of nearly $1 trillion.
The company has the most sales of battery electric vehicles and plug-in electric vehicles, capturing 16% of the plug-in electric vehicles market. They are also into the manufacturing of solar panels and solar roof tiles.
Elon Musk Net worth
According to Forbes rating Elon Musk is estimated to be worth $300 billion as of 2021 thanks to his Tesla stock rebounds. His net worth quadrupled in 2020 during the coronavirus era making him the 5th richest man on earth.
In 2021 he tweeted that Tesla’s Model 3 plaid vehicle would be available in China, Tesla stock shot up almost 2% adding $4.6 billion to his worth. His worth now stands at $300.8 billion.
Elon Musk first broke the barrier when rental car giant Hertz announced a massive Tesla order that sent Tesla capitalization soaring past $1 trillion.
