Elon Musk | $ 16.3 Billion
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Elon Musk Net Worth

Naturalized United States
Net Worth $ 16.3 Billion
About Quotes Trivia
Born on: 28th Jun 71 Born in: Naturalized United States Marital status: Divorced Occupation: SpaceX, Tesla, SolarCity and The Boring Company

Elon Musk was born in South Africa to a Canadian mother and South African father. Musk moved to Canada when he was 17 years old to attend Queen’s University and to avoid mandatory service in the South African Army. He has since gone on to become one of the richest and most influential people in the world and is best known for his work in the technology industry. Forbes puts his net worth at $16.3 Billion as of August 2017. He is also currently 21st on the Forbes List of the world’s most powerful people.

During his childhood, Musk developed an interest in computers and taught himself how to program. At the age of 12 he made his first ever software sale of a game called Blaster, setting the tone for a lifetime of entrepreneurship and technology development.

After leaving the University of Pennsylvania with a Bachelor’s degree in Economics and a second degree in Physics, Musk enrolled at Stanford University in California to pursue a PhD in energy physics. However, this was just about the time of the Silicon Valley boom and Musk didn’t stay at Stanford for long dropping out after just two days to become part of it. This lead to him becoming a multi-millionaire in his late 20’s with the sale of his start up Zip2 (an online city guide) to a division of Compaq Computers.

It wasn’t until later on though, that Musk made it really big. After Zip2 he created a website called X.com in 1999, an online financial services/payments company. Following an acquisition in 2000, X.com went on to become what today we know as PayPal and was bought by eBay in 2002 for $1.5 Billion. At the time of the sale Musk controlled 11% of PayPal stock.

Since then the entrepreneurship has continued and Musk is now best known for being the founder and head of two huge technology firms, both of which are aiming to change the way we see transport, Tesla and SpaceX.

SpaceX is a company which launches satellites and rockets and has a NASA contract to transport cargo to the International Space Station. In 2012, SpaceX sent the first ever commercial vehicle to the International Space Station. It is also currently working to send humans to other planets in what Musk sees as a way to spread the risk of the extinction of the human species.

Musk’s other major venture is Tesla Motors, a company dedicated to producing affordable, mass-market, electric cars. In 2008, 5 years after its formation the company unveiled the Roadster, possibly it’s most impressive vehicle. This electric car is capable of going from 0-60mph in 3.7 seconds (a speed that many supercars would be happy with) and can go an impressive 250 miles between battery charges.

In 2010 Tesla Motors, with a stake owned by Daimler and a strategic partnership with Toyota, launched its Initial Public Offering (IPO) which raised $226 million. Another successful product of Tesla was the Model S, an electric sedan capable of going 265 miles between charges which was honoured as car of the year in 2013 by Motor Trend Magazine. By April 2017, Tesla had surpassed General Motors as the most valuable car manufacturer in the United States.

Musk looks set to continue his pattern of entrepreneurship and leading the world to a more environmentally sustainable future. As part of his continuing effort to promote and advance sustainable energy and products he merged his electric car and solar energy companies in a $2.6 billion dollar deal late in 2016. As one company the goal is for Tesla and SolarCity to be able to create fully integrated residential, commercial and grid-scale products to improve the way that energy is generated, stored and consumed.

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