Elon Musk is a famous businessman, an investor as well as an inventor. Elon is often called one of the richest and most well-known entrepreneurs in the industry. He was born in Africa, although he considers himself to be a Canadian-American by his ancestry. He was born on June 28th in 1971.
Elon Musk is quite a rich man given that his net worth is estimated to be about 13.2 billion.
Elon Musk Net Worth 13.2 billion
Elon is best known as the chief executive officer and CTO of such internationally known companies as SpaceX, Tesla Motors and SolarCity. Musk’s career began when he first started programming at the very young age of 10. He created his own software product and made a sale. It was his first program, or better yet, a game called Blaster. When he was 18, Elon Musk moved to Queen’s University campus in Canada to study. Three years later he dropped out of university and chose a different degree instead. He opted for business and physics. He got his degree at the University of Pennsylvania, not in business and physics as he originally intended, but in economics while he continued to studying a bachelor’s program in physics in order to obtain a PhD in energy physics later in life.
Unfortunately he didn’t finish this degree, instead Elon launched his first company called Zip2. It was bought from him by Compaq Computer for $307 million. Compaq Computer also paid him a little over $34 million in stock options. The same year Elon also founded yet another company called X.com, which specializes in financial services as well as in payments. The famous X.com later became what is now known as PayPal, which was bought by eBay in 2002 for roughly $1.5 billion in stock options.
The third company that Elon Musk founded was the already mentioned SpaceX which is short for Space Exploration Technologies Corporation. It was founded in 2002. Elon had the intention to build a spacecraft purely for commercial reasons – that is to travel in space. NASA has signed the contract with Musk’s SpaceX in 2008. The contract states that NASA plans to transport cargo to the International Space Station.
By 2003 Must had founded Tesla Motors which aims to produce and sell affordable electric vehicles that are meant not only for the mass-market, but there is also a new concept that Elon developed in 2013 for a brand new type of transportation. The concept is called Hyperloop and it is intended for traveling faster than 700 miles per hour in tubes between cities, and is already being tested.
All professional success aside, Elon Musk is currently divorced. Given that Elon’s personal life is not that successful, one can definitely admire his success as a great entrepreneur. It is no wonder Elon Musk has accumulated such great wealth of $11.7 billion.
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