Elon Reeve Musk is a South African-born entrepreneur and business magnate who has made a name for himself as the CEO of SpaceX and Tesla, Inc. He is also the founder of Neuralink, a neurotechnology company, and the founder and CEO of The Boring Company, a tunnel construction company.
Musk was born in 1971 in Pretoria, South Africa, and showed an early aptitude for science and technology. He taught himself computer programming at the age of 12, and by the time he was 17, he had sold his first computer program, a space-themed video game called Blastar, for $500.
Musk moved to Canada in 1988 to attend Queen’s University, and later transferred to the University of Pennsylvania where he received dual bachelor’s degrees in economics and physics. After graduating, he moved to Silicon Valley to pursue a career in tech.
In 1995, Musk co-founded web software company Zip2 with his brother Kimbal. The company was later sold to Compaq for $307 million in 1999. Musk then founded X.com, an online banking company, which later became PayPal and was sold to eBay for $1.5 billion in 2002.
In 2002, Musk founded SpaceX, a company focused on developing reusable rockets and reducing the cost of space travel. In 2008, SpaceX became the first privately-funded company to send a spacecraft to the International Space Station. Today, SpaceX is one of the leading
Elon Musk’s net worth is constantly changing, as it is largely based on the value of his various businesses and investments. As of January 2021, his net worth was estimated to be around $74.2 billion according to Forbes. This makes him one of the wealthiest people in the world.
Musk’s wealth is largely derived from his ownership stakes in SpaceX and Tesla, Inc. Both companies have seen tremendous growth in recent years, with SpaceX becoming a leading provider of commercial space launch services and Tesla becoming one of the world’s most valuable automakers. Musk also has a significant personal investment portfolio, including holdings in companies such as Neuralink and The Boring Company.
It’s important to note that Musk’s net worth is not fixed, and can fluctuate based on the performance of his businesses and the stock market. Despite his impressive wealth, Musk is known for his modest lifestyle and has said that he does not plan to retire, instead choosing to focus on his work and projects.
