Founder of SpaceX, Twitter, and Tesla, Elon Reeve Musk is a business magnate and angel investor. He is the president of the Musk Foundation and is also the CEO of Tesla, Inc.
Tesla
Founder of the electric car company Tesla, Elon Musk is one of the most influential people on the internet. He has founded many ventures and has amassed a large amount of wealth.
He grew up in Pretoria, South Africa, but moved to Canada when he was 17. He studied physics and business at the University of Pennsylvania. He dropped out of school after two days and went on to pursue his career in the technology industry.
In 2004, Musk became a majority shareholder in Tesla. He also purchased shares in Neuralink, a venture that seeks to integrate artificial intelligence with the human brain. He partnered with Max Levchin, Peter Thiel, and Jared Birchall. He also inherited a share of PayPal, which was acquired by eBay for $1.5 billion in 2002.
SpaceX
Founded by Elon Musk, SpaceX is a space exploration company that develops rockets, spacecraft, and launch services for NASA and other government agencies. It is also developing a spacecraft for long-distance travel to other planets.
Elon Musk received a bachelor’s degree in physics from the University of Pennsylvania. He then transferred to Queen’s University, in Kingston, Ontario, to study business. He briefly enrolled in a PhD program at Stanford University, but decided against it. He left for Canada when he was seventeen to avoid conscription into the South African Armed Forces.
During his senior year of college, Elon launched a venture with his brother Kimbal. The venture, Zip2, was an online city guide. It was purchased by Compaq Computer in 1999 for $34 million in stock options.
When eBay bought PayPal for $1.5 billion in 2002, Elon Musk gained an 11.7% stake in the company. He was rewarded with $180 million.
Stripe
Founded in 2009 by brothers Patrick and John Collison, Stripe is a payment processing company. The company enables online payments for thousands of global companies. It has a dedicated business unit serving the enterprise segment. The company processes in-app and credit card payments on sites like Duolingo, Atlantic, and DoorDash.
The company has expanded internationally to 46 countries. Its chief financial officer said that she was “struck” by the capital efficiency of the business when she joined. The company has 100 million daily transactions. It charges a variable 2.9% of each transaction.
Stripe is expected to go public in the coming year. Elon Musk has invested $2 million in the startup. He is believed to have a controlling stake. It’s a huge payday, if it goes through.
In addition to Stripe, Elon Musk has invested in other startups. He has been involved in the foundations of PayPal, the online payment processing company. He has also invested in the Tesla motor vehicle.
Almost six months after Elon Musk’s Twitter buyout deal, his fortune has fallen from $332 billion to $204 billion. This is a significant decrease for the world’s richest man.
Before acquiring Twitter, Elon Musk was known for his inventions and philanthropy. He is the CEO of Tesla, chairman of SpaceX, and founder of Neuralink. He also holds a number of other executive roles in several other companies.
One of Elon Musk’s most notable achievements is his creation of the hyperloop, a high-speed vacuum train transportation system. Another is his proposed “everything” app.
After his Twitter purchase, Musk has proposed a variety of changes to the social media platform. Among them are introducing a subscription service called Twitter Blue, which costs $7.99 a month. He has also been in the news recently for posting crude jokes and conspiracy theories about Paul Pelosi.
Family
Despite his wealth, he is known to be very private. He manages most of his assets through a family company called Excession, LLC.
Elon Musk is a genius entrepreneur who has recently become the richest man in the world. His estimated net worth is over $280 billion. He is the founder of Twitter, the world’s most popular social media platform, and the owner of an online bank. He also co-founded the web software company Zip2 in 1995 with his brother, Kimbal.
Elon is an engineer and entrepreneur who has founded several successful companies, including X.com, Zip2, and SolarCity. He is also the founder of the Musk Foundation, which provides solar-power energy systems to disaster-prone areas. The Musk family is of Dutch and English heritage.
Elon grew up in South Africa and studied at a Jewish school because of his better education. He transferred to the University of Pennsylvania after graduating. At the age of 10, he learned computer programming. His first video game was sold to a magazine for $500. He later obtained a pilot’s license. His first son, Nevada Alexander, died at 10 weeks. He later converted to Orthodox beit din.