Elon Musk is a billionaire entrepreneur.
Elon Musk’s Net Worth: How wealthy is he? & What is Elon Musk’s net worth? Now is the time to find out!
Elon Musk is a Canadian-American business magnate, businessman, engineer, and inventor who was born in South Africa. and he now has a net worth of $300 billion.
Maye Musk, a model and nutritionist, and Errol Musk, an electromechanical engineer, pilot, and sailor, raised him in Pretoria, Transvaal, South Africa. He has two siblings.
He moved to the suburbs of Pretoria with his father after his parents divorced in 1980.
He was a voracious reader as a child, and at the age of 10, he began to demonstrate an interest in computers with the Commodore VIC-20.
He taught himself computer programming when he was 12 years old. Then he sold the source code for Blastar, a BASIC-based video game he created, to PC and Office Technology magazine. He was compensated with about $500 for it.
The game is still available online today in a web version.
He went to the English-speaking Waterkloof House Preparatory School after being educated at private schools.
In 1989, he graduated from Pretoria Boys High School and relocated to Canada.
He became a Canadian citizen shortly after his 18th birthday, thanks to his Canadian-born mother.
He began his undergraduate studies at Queen’s University in Kingston, Ontario, when he was seventeen years old.
He transferred to the University of Pennsylvania two years later, earning a bachelor’s degree in physics from the College of Arts and Sciences and a bachelor’s degree in economics from the Wharton School of Business.
He then continued his studies for another year in order to complete his second bachelor’s degree.
At the age of 24, he travelled to Stanford University in California to pursue a PhD in applied physics and materials science. After two days, he had to quit the program to follow his entrepreneurial ambitions in the field of the Internet.
With his father’s money, he and his brother, Kimbal, founded Zip2, a web software firm, in 1995.
For the newspaper publishing sector, the company created and sold an Internet city guide.
Zip2 was purchased by Compaq in 1999 for $307 million in cash and $34 million in stock options.
Musk received $22 million for his 7% stake in the company. With the money he earned from the sale of Zip2, he co-founded X.com, an online financial services and e-mail payment company, the same year.
A year later, the company merged with Confinity, which offered the PayPal money transfer service. The company’s focus shifted to the PayPal service, and it was renamed PayPal in 2001.
In 2002, eBay paid $1.5 billion in shares for PayPal, of which he received $165 million.
He is now the founder, CEO, and CTO of SpaceX, as well as the co-founder of a Series A investor and the CEO and product architect of Tesla Inc. He’s also the co-founder and CEO of Neuralink, as well as the former co-founder and chairman of SolarCity.
He hopes to alter the world by decreasing global warming through sustainable energy production and consumption through his businesses.
Also, through “making life multiplanetary” and building a human colony on Mars, he hopes to lessen the “danger of human extinction.”
In addition to his core economic interests, he has envisioned the Hyperloop, a high-speed transportation system.