Elon Musk's success story and Elon Musk's family Elon Musk (born June 28, 1971) is an entrepreneur and investor. He is the founder, CEO, and Chief Engineer of SpaceX; angel investor, CEO, and product engineer of Tesla, Inc.; Founder of Boring Company; and co-founder of Neuralink and OpenAI.
Elon Musk's success story and Elon Musk's family
Musk was born in Pretoria, South Africa, where he grew up. He briefly attended the University of Pretoria before moving to Canada at the age of 17, gaining citizenship through his Canadian-born mother.
Two years later, he entered Queens University and transferred to the University of Pennsylvania, where he received a bachelor's degree in economics and physics.
He moved to California in 1995 to attend Stanford University but decided to pursue a business career, co-founding the web software company zip 2 with his brother Kimball.
Compaq acquired the startup for dollar307 million in 1999. In the same year, Musk co-founded an online bank X.com, which merged with Confinity in 2000 to form PayPal. eBay bought PayPal in 2002, for dollar1.5 billion.
In 2002, Musk founded SpaceX, an aerospace manufacturing company, and the space transportation services company, for which he holds the position of CEO and chief engineer. In 2004, he was an early investor in the electric car manufacturer Tesla Motors. (Now Tesla, Inc.).
He became chairman and product engineer, eventually taking over as CEO in 2008. In 2006, he helped create Solar City, a solar energy company that was later acquired by Tesla and became Tesla Energy.
In 2015, he co-founded OpenAI, a non-profit research company that promotes friendly artificial intelligence. In 2016, he co-founded Neuralink, a neurotechnology company focused on the development of brain-computer interfaces, and founded boring a tunneling company.
He agreed to buy the important US social networking service Twitter in 2022, for a dollar44 billion, but later stated that he would terminate the deal; he is currently embroiled in a legal battle with Twitter that intends to complete the deal.
Musk has proposed a hyperloop high-speed transport system Vautrin and is the head of the Musk Foundation, which donates to scientific research and education.
Elon Musk's family
Elon Musk was born on June 28, 1971, in Pretoria, one of the apartheid capitals of South Africa. His mother is Mae mask (n Ermi Haldeman), a model and nutritionist who was born in Saskatchewan, Canada, but grew up in South Africa.
His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and real estate developer who was a half-owner of a Zambian emerald mine near Lake Tanganyika.
Musk has a younger brother, Kimball (born 1972), and a younger sister, Tosca (born 1974). His maternal grandfather, Joshua Haldeman, was an American-born adventurer.
A Canadian who took his family on record-breaking trips in a single-engine Bellanca plane to Africa and Australia. Musk has Dutch-British and Pennsylvania origins. He was baptized in the Anglican Church.
Musk's family was wealthy during his youth. His father was elected to the Pretoria City Council as a representative of the anti-apartheid Progressive Party, where Musk's children reportedly share their father's hatred of apartheid.
After his parents divorced in 1980, Musk mostly lived with his father, a choice he made two years after the divorce and later regretted. Musk became estranged from his father. He has a half-sister and half-brother.
As a child, Musk's adenoids were removed because doctors suspected that he was deaf, but later his mother decided that he was thinking only" in another world".At the age of 10, Musk developed an interest in computing and video games and got into the Commodore Vik-20.
He learned computer programming using a manual, and at the age of 12, he sold the code of a basic video game he created called Blastar to PC and office technology magazine for about 5 500.
In his autobiography, Ashley Vance described Elon as an awkward and introverted child. He attended Waterkloof House Preparatory School and Bryanston High School before graduating from Pretoria Boys ' High School.
Elon Musk's wife
In 2008, Riley began dating Elon Musk; they married in 2010 at Dornoch Cathedral in Scotland. In January 2012, Musk ended his four-year relationship with Riley and sought a divorce in March 2012.
In July 2013, Musk and Riley got married again. In a 60 Minutes interview in 2014, the couple stated that they had reconciled and were living together again, along with Musk's five remaining children from his first marriage to writer Justin Musk.
On December 31, 2014, Musk filed for divorce for the second time; however, the procedure was withdrawn. After living separately for six months, Riley filed for a second divorce in Los Angeles Superior Court on March 21, 2016. The divorce was finalized in October 2016.
list of Elon musk companies
Elon Musk's Tesla Solar City
Elon Musk CEO of Solar City six years ago bought Tesla SolarCity, the largest installer of residential solar panels in the United States. SolarCity was founded by Tesla CEO Elon Musk's cousins, and Musk sat on the boards of both companies. Angry shareholders filed a lawsuit in 2017, arguing that the acquisition was a rescue for SolarCity.April 29, 2022.
Elon Musk's net worth
Musk made 1 175.8 million when PayPal was sold to eBay in 2002. He was first included in the Forbes list of billionaires in 2012, with a net worth of dollar2 billion.
At the beginning of 2020, Musk's net worth was dollar27 billion. By the end of the year, his net worth had increased by dollar150 billion, largely driven by his ownership of about 20% of Tesla shares.
During this, Musk's net worth was often volatile. For example, the dollar16.3 billion fell in September, the largest single-day decline in the history of the Bloomberg Billionaires Index.
In November of that year, Musk passed Facebook co-founder Mark Zuckerberg to become the third richest person in the world; a week later passed Microsoft co-founder Bill Gates to become the second richest person.
In January 2021, Musk, with a net worth of dollar185 billion, surpassed Amazon founder Jeff Bezos to become the richest person in the world.
Bezos regained first place the following month. On September 27, 2021, Forbes announced that Musk has a net worth of more than dollar200 billion, and he was the richest person in the world after the rise in Tesla shares. In November 2021, Musk became the first person with a net worth of more than dollar300 billion.
About three-quarters of Musk's fortune is derived from Tesla. Musk does not receive a salary from Tesla; in 2018 he agreed to a compensation plan with the board of directors that linked his earnings to Tesla's valuation and revenue.
The deal stipulated that Musk would receive compensation only if Tesla reached certain market values. It was the largest such deal ever made between a CEO and a board of directors.
In the first prize, given in May 2020, he was eligible to buy 1.69 million Tesla shares (about 1% of the company) at below-market prices, which amounted to about 8 800 million.
Musk paid 4 455 million in taxes on dollar1.52 billion in income between 2014 and 2018. According to ProPublica, Musk paid no federal income taxes in 2018. He claimed that his 2021 tax bill was estimated at dollar12 billion based on his 14 billion sales of Tesla shares.
In 2003, Musk said that his favorite plane he owns is the El-39 Albatross. He uses a private jet owned by SpaceX and received a second plane in August 2020. The aircraft's heavy use of fossil fuels-it flew more than 150,000 miles in 2018—has received criticism.
Musk has repeatedly described himself as "poor in cash", and"declared that he does not care much about the material decorations of wealth". In May 2020, he undertook to sell almost all material property. In 2021, Musk defended his fortune by saying that he is collecting resources for the external expansion of mankind into space.