Biography

ELON MUSK – Biography, Age, Family, Net-worth & Businesses

ELON MUSK – Biography, Age, Family, Net-worth & Businesses

ELON MUSK – Biography, Age, Family, Net-worth & Businesses

WHO IS ELON MUSK?

Unarguably the richest man on earth according to FORBES. Elon musk Is an entrepreneur from South Africa, Canada, and the United States. SpaceX, Tesla, and Zip2 are just a few of the businesses he has founded. He was also one of the driving forces behind PayPal’s success. CEO and CDO of SpaceX, Tesla, and SolarCity CEO and product architect of Tesla (electric vehicles), and chair SolarCity

BIOGRAPHY

Elon Musk was born on June 28th, 1971 in Pretoria, South Africa. Because of his South African heritage, Musk is also the son of an electromechanical engineer and Canadian model (Maye Musk) (Errol Musk). In 1980, Musk’s parents split, and he moved in with his father.

He first learned about the Commodore VIC-20 when he was ten years old. Two years after learning how to program, he sold a video game he had written in BASIC. BASIC is an imperative programming language that was originally designed to assist novice programmers learn rapidly. Blastar was the name of the game, and he immediately sold it for $500 to PC and Office Technology magazine.

ALSO, READ VAST Announces Kelly Reed As The New CEO

INVEST IN IRAs, SECURE YOUR FUTURE

Musk was a student at Waterkloof House Preparatory School, a private preparatory school, as a child. In June of 1989, he graduated from Pretoria Boys High School and relocated to Canada. Through his Canadian mother, he became a Canadian citizen.

At Queen’s University in Kingston, Ontario in 1989, Elon Musk was admitted to study computer science and engineering. For his undergraduate studies, Musk transferred to Penn in 1992 after spending two years at Queen’s, where he got two degrees from the Penn College of Arts and Sciences and the Wharton School, where he majored in physics and economics, respectively. For another year, Musk persisted in his quest to find a second man to call his own.

WIKI – BIO DATA 
Real Name Elon Reeve Musk
Profession CO-Founder & CEO, Tech-Inventions, Manufacturing
Famous For World’s Richest Man, ,PayPal, SpaceX, Zip2, X.Com, Musk Foundation, Tesla Motors
Twitter Click Here
Physical Status
Age 50 Years June 28, 1971
Height
  • In centimeters- 188 cm
  • |In Feet Inches-6 ft 2 in
Weight
  • In Kilograms- 85 kg
  • In Pounds- 187 lbs
Eye Colour Grey
Hair Colour Light brown
Shoe Size 10 US
Personal Information
Date of Birth 22 August  1982
Caste/Religion Christianity
Birth Place  Pretoria, South Africa
Zodiac sign Cancer
Nationality Canadian, South African, American
School Name dropped-out of a Ph.D. program at Stanford University to launch his first company, Zip2 Corporation.
College Name
Qualifications Entrepreneur
Family Profile
Father Name Errol Musk (Electromechanical engineer, Pilot)
Mother Name Maye Musk (Model)
Siblings Tosca Musk (Younger Sister), Kimbal Musk (Younger Brother)
Children X Æ A-Xii, Nevada Alexander Musk, Damian Musk, Saxon Musk, Kai Musk, Griffin Musk and Xavier Musk (Sons)
Relationships/Affairs
  • Justine Wilson – Author (2000-2008)
  • Talulah Riley – Actress (2008-2016)
  • Amber Heard – Actress (2016-2017)
  • Grimes – Musician (2018-Present)
Career
Source Of Income SpaceX, Tesla Inc., The Boring Company
Appeared In Iron Man 2 (2010)
Net Worth, Salary $256 billion
Hobbies Reading, Innovation, Travel , Technology,

 

CAREER 

In 1995, he traveled to California to seek a PhD in applied physics at Stanford University, but he dropped out after only a few days to follow his own interests in technology and entrepreneurship. He now lives in Silicon Valley. His brother Kimbal Musk helped him start Zip2, a software company that served prestigious newspapers including “The New York Times” and the “Chicago Tribune” later that year.

After successfully selling Zip2 to Compaq in 1999, Musk moved on to his next business, an online financial service called ‘X.com.’. After acquiring a money transfer business called ‘PayPal’ through a merger, the corporation decided to focus solely on developing this internet payment service. Musk sold his shares in ‘PayPal’ to ‘eBay’ for $165 million as a result of the company’s success.

ELON MUSK – Biography, Age, Family, Net-worth & Businesses

‘Space Exploration Technologies,’ or simply ‘SpaceX,’ was his third venture into which he put his millions in 2002. It took the business only seven years to design and develop the Falcon and Dragon lines of space launch vehicles and multi-purpose spacecraft, respectively, and they were making history with their privately funded innovations. As a result of contracts from NASA, SpaceX has developed a launch vehicle capable of delivering cargo to the ISS.

ALSO, READ Canadian & US Officials Reveal A Bilateral Flooding Initiative To Tackle Nooksack River Flood

With the goal of creating electric vehicles, Tesla Motors was established in California in 2003. In 2004, a year after the firm was founded, Musk invested in it and was elected chairman. He played a key part in the development of the ‘Roadster,’ which won the ‘Global Green’ product award. Even though his company was struck hard by the recession, he rose to the role of CEO and product architect, which he still occupies today.

Musk is the company’s largest stakeholder because he created the original concept for ‘SolarCity’. Due to its dedication to preventing global warming, it has grown to become one of the country’s leading producers of solar energy.

ELON MUSK – Biography, Age, Family, Net-worth & Businesses

A speedier and cheaper alternative to air travel was unveiled by Elon Musk on August 12th, 2013 when he disclosed innovative plans for a high-speed transportation system. A solar-powered spacecraft powered only by Tesla’s own ‘SpaceX’ corporation is currently being developed by Elon Musk.

The Hyperloop, as he calls it, is his concept for a super-fast mode of transportation. It utilizes linear induction motors and air compressors to power reduced-pressure tubes that house pressurized capsules.
He announced in July 2017 that the first successful Hyperloop test had been performed in Nevada. According to him, the New York-to-Washington D.C. hyperloop has received verbal clearance.

FAMILY, MARRIAGE AND PERSONAL LIFE

As of this writing, Elon Musk has had four marriages to the same woman. In 2000, he married Justine Wilson, a Canadian author. They had a total of six children, all of which were boys. Nevada Alexander Musk, their first child, died at the young age of 10 weeks. The couple went on to have five more kids via IVF, the first two of whom were twins in 2004 and then triplets in 2006. In 2008, Justine Wilson and Elon Musk divorced.

He started dating Talulah Riley, an English actress, in 2008, and they married in 2010. Their marriage ended in divorce in 2012.

When Elon Musk wedded in 2013, his second wife Talulah Riley filed for divorce from him in 2014, and the divorce was finally finalized in 2016.

Musk and Amber Heard were briefly together in 2016, but their busy schedules led to their breakup.

Musk is presently seeing Grimes, a Canadian singer-songwriter.
At Musk Entertainment, Elon Musk’s sister Tosca serves as the company’s CEO and has produced multiple films.

CHILDREN

Elon Musk’s schedule is jam-packed. He has six children to take care of on top of his companies.
During the year 2020, Musk and Grimes had a baby boy. With Justine Wilson, his ex-wife of five years, he had four other children before that. Childbirth was a fatal accident for his first son with Justine. Nevada Alexander Musk had just turned ten weeks old when he was born.

Most of his offspring have been left in the shadows of mystery. Many people disagreed about the last child’s name. A-Xii was the name given to the child by X and Grimes. Musk disclosed the pronunciation of the name in a podcast with Joe Rogan: X-Ash-A-Twelve.

ELON MUSK INVESTMENTS & BUSINESSES TILL DATE

1. Zip2

Zip2, an internet startup that Musk and his brother Kimbal co-founded in 1995, was the brainchild of Elon Musk and Kimbal Musk. They were able to do so thanks to a group of investors.

The company created an online city guide for newspapers as one of its products. The New York Times, Wall Street Journal, and the Chicago Tribune were all contacted by Elon Musk. Elon sought to become CEO of Zip2 during his time there, but the company’s board of directors did not support him. When Compaq paid 307 million dollars for Zip2, 7 percent went to Musk, which totaled 22 million dollars, making him the sole owner of Zip2.

2. PayPal and X.com

Entrepreneur Elon Musk launched the X.com website in March of that year to facilitate online money transactions. He put down a ten-million-dollar down payment on it.

Confinity, a company with its own payment network called PayPal, acquired the business a year after it was acquired by Confinity. In 2001, the amalgamated firm continued to operate under the PayPal brand name, focusing on the services it previously offered.

An early ad gave new users money if they joined up for PayPal. PayPal was purchased by eBay in October 2002 for $1.25 billion, making it the largest acquisition in eBay’s history. Musk received a share of that money totaling 165 million dollars. PayPal’s top stakeholder before the takeover was Tesla CEO Elon Musk, who owned 11.7 percent of the company’s stock.
Stay on top of the latest approaches, models, and hypotheses with Toolshero! GET INVOLVED!

3. SpaceX

In 2001 Musk came up with the notion ‘Mars Oasis’; a project to have a tiny, experimental greenhouse with food crops land on Mars to promote public interest in space travel and setting up an international space station. Old ICBMs with reusable rockets were purchased in Moscow in October 2001 by Elon Musk, Jim Cantrell, and Adeo Ressi.

NPO Lavochkin and Kosmotras were among the companies that welcomed Tesla CEO Elon Musk to Russia. In spite of this, one of the Russian creators of the rocket allegedly spat at him. On YouTube, a video of Tesla CEO Elon Musk saying that he claimed he was looking for a rocket, but that they could keep the nuke is making the rounds.

Kosmotras representatives later invited Musk and his crew back for a follow-up meeting, during which the rocket was later sold to the company for $8 million. Rather than accept the offer, Musk chose to form his own firm that would make affordable rockets. In 2002, he founded SpaceX with $100,000 of his own money (Space Exploration Technologies Corp.) In 2021, he will still be the CEO and Chief Engineer of the company.

4. Tesla

In 2004, Elon Musk became chairman and product architect of Tesla Motors Inc. He was named CEO of the corporation in 2008 and has held the position ever since. Tesla produced its first electric vehicle, the Tesla Roadster, in 2008. Later, he would launch one of the first replicas into orbit. In the beginning, electric cars were just the beginning of a whole new line of automobiles.

Musk had the bright notion one day to include SEXY in his Tesla holdings. He came up with the following model names: S, 3, X, and Y. (S3XY). Because Ford had trademarked the Model E name, he was unable to use it to refer to the second model in the series.

5. SPACE-X Rockets

In 2006, Musk’s SpaceX company successfully launched the first Falcon 1 rocket. NASA awarded the business a contract despite the rocket’s failure to reach space (Commercial Orbital Transportation Services).

Musk was in such distress and had nightmares because of SpaceX’s repeated failures that he experienced medical symptoms and awoke screaming.
Musk launched and orbited the Falcon 1 rocket in 2008 with great success. As a result, SpaceX became the first commercial firm to accomplish this feat.

New contracts were signed by the space agency in the same year for a total of twelve Falcon 9 and Dragon missions to the International Space Station, named the Commercial Resupply Services contract (ISS).

The year 2012 marked the tipping point. A first for commercial spaceflight, SpaceX’s Dragon capsule has docked with the International Space Station (ISS). Reusable rockets and capsules were still a priority for the organization. Successful touchdown of the Falcon Heavy’s first stage. Later launches even managed to land the rocket on a self-propelled ship off the coast.

6. Boring Company

Elon Musk keeps coming up with great ideas. He founded The Boring Company in 2006 with the goal of alleviating congested city streets by the construction of a tunnel network beneath them. During the first several months of 2017, SpaceX began construction on a test trench. The tunnel beneath the Las Vegas Convention Center will be finished in 2021. The tunnel system has now been approved by local government agencies.

Spaceballs-inspired flamethrowers were manufactured and sold by Musk’s company in 2018.

7. Tesla Roadster (Spacecraft)

Elon Musk launched his Tesla Roadster in 2018 with the Falcon Heavy rocket he built. Alien visitors to the vehicle in the future will see a message on the cockpit display: don’t panic!

The Starship was announced by SpaceX in 2017. Next, SpaceX outlined their plans for a 2023 lunar mission. With their first manned mission in 2020, they will be the first commercial enterprise to launch a human into orbit.

Satellites from Elon Musk’s Starlink network

In 2015, SpaceX began working on the Starlink satellites, which were launched into low Earth orbit in 2016. It would take roughly ten years and cost $10 billion to launch the entire constellation of satellites into space.

Many astronomers have criticized SpaceX’s plan to build a constellation of satellites that they think will put people at risk in space. In response to criticism, Musk strongly claims that the satellites’ influence is zero.

8. Cryptocurrency (Dodge Coin)

Elon Musk is bullish on crypto currencies in general, and Dogecoin in particular. Tesla and SpaceX founder Elon Musk has talked about the “people’s coin” on Twitter multiple times. He says in a statement that he supports Dogecoin because many people around him have bought it. In his opinion, it’s the crypto currency of the common population.

Musk admits to investing in cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin in the past.

NET WORTH

Tesla and SpaceX, two of Elon Musk’s most valuable companies, account for the lion’s share of his fortune. With an estimated net worth of $278 billion on December 8, 2021, he became the world’s richest person. On the list of the world’s richest people, Musk surpasses Amazon founder Jeff Bezos and billionaires Bill Gates and Larry Page.

Elon Musk was named Time magazine’s Person of the Year for 2021. As of 2022 March, when this was published he is estimated to worth $256 billion


AllInsuranceHUB is a blog for everyone who seeks an informative, educative, and knowledged based online insurance and investment community. We share Biographies, Top-notch investment tips, finance news, insurance policy details and much more. You can read and share thoughts, ideas, and opinions on the finance market and get real-time updates from around the globe.

IBEH C. JOE

Financial analyst, Entrepreneur, Blogger and Business model

Leave a Reply

Back to top button
%d bloggers like this: