| Capital: | € 13 billion |
|---|---|
| Age: | 48 |
| Born: | June 28, 1971 |
| Country of origin: | South Africa |
| Source of wealth: | Entrepreneurs |
| Last updated: | 2020 |
Short introduction
Elon Reeve Musk is a Canadian-American entrepreneur and investor. Through his participation in some of the most famous innovative companies over the past few decades, he gained well-known throughout the world outside entrepreneurship and was part of the 21st-century pop culture. Following this article looks closer to visionary.
Early life
Elon Musk was born in Pretoria, South Africa, where he also spent childhood and travelers. Together with his two younger siblings, he mostly lived with the Father after the separation of parents. After graduating from high school, he filed a Canadian passport with his brother and emigrated to North America at the age of 16. On the one hand, he wanted to avoid traveling military service in South Africa, which was marked by Apartheid, and on the other hand, he could study at the university there. After completing a bachelor’s degree in economics and physics from the University of Pennsylvania, he was accepted at Ph.D. The program at Stanford University is famous in California. But he turned it off after only two days with the intention of starting an internet company.
Career
At an early age, Elon Musk shows interest in technology. He was involved in programming languages when he was ten years old, and when he was twelve years old, he sold the first self-developed video game (“Blaster”) for $ 500 to a computer magazine.
Elon Musk established its main company itself in 1995. The ZIP2 company offers content for media companies and was founded by businessmen and brothers according to their own accounts with only 2000 US dollars in the capital. Only four years later, Compaq computer manufacturers bought ZU2 for $ 307 million. This is the highest takeover of internet companies to date and income-enabled income to implement further business ideas. In 1999 he founded X.com, an online payment system, which the following year became the most important system of this type: Paypal. When the company was sold to eBay for $ 1.5 billion in 2002, Musk, the largest shareholder, was held 11.5% of the company.
The company’s further found in the following years no longer focused primarily on the new development of products previously non-existent, but more on the possibility of making products previously very expensive because of its complexity, for example, suitable for mass and cheaper.
The first foundation aimed at this is SpaceX and Tesla. Space Company, led by Musk, has succeeded in becoming a leading commercial provider in the world launching Rocket in 2002. Because of the reuse of individual rocket elements, SpaceX also managed to minimize costs per flight per space. Tesla’s company, where Musk has been operating since 2004, is one of the most innovative in the world in the field of electromobility and has set the goal of accelerating the transition to sustainable mobility.
Since 2006, Elon Musk has established four other companies dedicated to the development of artificial intelligence and its network with humans (Openai & Neurinkink), the development of solar power systems (SolarCity), and hyperloop transportation connections (boring companies).
Career spotlight.
– Co-founder of zip2 – 1995
– Co-Founder and CEO of X.com and Paypal – 1999
– CEO and CTO from SpaceX – 2002
– CEO and designer TESLA products – 2004
– Chair of SolarCity – 2006
Famous quotes
– “Patience is the virtue that I still learn. This is a difficult lesson.”
– “I am interested in things that have an impact on the future of the world. The amazing new technology you see and wonder if it really happened.”
– “I think ordinary people can choose to be extraordinary.”
– “People must always try to fulfill their desires. It makes us happier than others.”
Success tips
It is important for Elon Musk that people have the courage to implement their vision. Only philosophy about how an idea must be realized inadequate. He once said:
“If there is something important enough for you, you do it, even if the opportunity opens you.”
In this context, entrepreneurs also show that failure here is the possibility that should not be ignored:
“Failure is a choice. If certain things don’t fail, you are not innovative enough.”
However, the possibility of success is significantly higher if you succeed in making your team enthusiastic about the idea at the same level. The aim is that people don’t just do their work because they are paid, but because employees like to do it and you try to achieve a common goal. Or to put it in the words Elon Musk:
“People work better when they know what they do and why. It’s important for people to hope to come work in the morning and they enjoy working.”
Net Worth 2020
As of 2020, his estimated net worth is around $140 billion
