Home BIOGRAPHY Elon Musk Biography and Net Worth 2021

Elon Musk Biography and Net Worth 2021

Elon Musk Biography and Net Worth
Elon Musk

Elon Reeve Musk (born June 28, 1971) is an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. A centibillionaire, Musk is one of the richest people in the world.

Musk was born to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada aged 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received bachelor’s degrees in economics and physics.

He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding the web software company Zip2 with brother Kimbal. The startup was acquired by Compaq for $307 million in 1999. Musk co-founded online bank X.com that same year, which merged with Confinity in 2000 to form PayPal. The company was bought by eBay in 2002 for $1.5 billion.

NameElon Musk
Net Worth (2021)$167.3  Billion
Net Worth In Indian Rupees11.22 Lakh Crore INR
ProfessionBusinessmen (CEO of SpaceX)
Monthly Income And Salary$200 Million +
yearly Income$2400 Million +
Born:28 June 1971
Age:49 Years
Place:Pretoria, South Africa
Citizenship:South Africa (1971–present); Canada (1971–present); United States (2002–present)
Spouse:Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–2008)
Children:X Æ A-Xii, Nevada Alexander Musk, Griffin Musk, Kai Musk, Damian Musk, Saxon Musk, Xavier Musk
Social AccountsTwitterInstagram
Partner:Grimes (2018–)
Last UpdatedJune 2021

Early life

Musk was born to a South African father and a Canadian mother. He displayed an early talent for computers and entrepreneurship. At age 12 he created a video game and sold it to a computer magazine. In 1988, after obtaining a Canadian passport, Musk left South Africa because he was unwilling to support apartheid through compulsory military service and because he sought the greater economic opportunities available in the United States.

Elon Musk Assets and Business career

PayPal

Musk attended Queen’s University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where he received bachelor’s degrees in physicsand economics in 1997. He enrolled in graduate school in physics at Stanford University in California, but he left after only two days because he felt that the Internet had much more potential to change society than work in physics. In 1995 he founded Zip2, a company that provided maps and business directories to online newspapers. In 1999 Zip2 was bought by the computer manufacturer Compaq for $307 million, and Musk then founded an online financial services company, X.com, which later became PayPal, which specialized in transferring money online. The online auction eBay bought PayPal in 2002 for $1.5 billion.

SpaceX

Musk was long convinced that for life to survive, humanity has to become a multiplanet species. However, he was dissatisfied with the great expense of rocket launchers. In 2002 he founded Space Exploration Technologies (SpaceX) to make more affordable rockets. Its first two rockets were the Falcon 1 (first launched in 2006) and the larger Falcon 9 (first launched in 2010), which were designed to cost much less than competing rockets. A third rocket, the 

Falcon Heavy (first launched in 2018), was designed to carry 117,000 pounds (53,000 kg) to orbit, nearly twice as much as its largest competitor, the Boeing Company’s Delta IV Heavy, for one-third the cost. SpaceX has announced the successor to the Falcon 9 and the Falcon Heavy: the Super Heavy–Starship system. The Super Heavy first stage would be capable of lifting 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft designed for providing fast transportation between cities on Earth and building bases on the Moon and Mars.

SpaceX also developed the Dragon spacecraft, which carries supplies to the International Space Station (ISS). Dragon can carry as many as seven astronauts, and it had a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk sought to reduce the expense of spaceflight by developing a fully reusable rocket that could lift off and return to the pad it launched from. Beginning in 2012, SpaceX’s Grasshopper rocket made several short flights to test such technology. In addition to being CEO of SpaceX, Musk was also chief designer in building the Falcon rockets, Dragon, and Grasshopper.

Tesla

Musk had long been interested in the possibilities of electric cars, and in 2004 he became one of the major funders of Tesla Motors (later renamed Tesla), an electric car company founded by entrepreneurs Martin Eberhard and Marc Tarpenning. In 2006 Tesla introduced its first car, the Roadster, which could travel 245 miles (394 km) on a single charge. Unlike most previous electric vehicles, which Musk thought were stodgy and uninteresting, it was a sports car that could go from 0 to 60 miles (97 km) per hour in less than four seconds. In 2010 the company’s initial public offering raised about $226 million. Two years later Tesla introduced the Model S sedan, which was acclaimed by automotive critics for its performance and design. The company won further praise for its Model X luxury SUV, which went on the market in 2015. The Model 3, a less-expensive vehicle, went into production in 2017.

Musk expressed reservations about Tesla being publicly traded, and in August 2018 he made a series of tweets about taking the company private, noting that he had “secured funding.” The following month the U.S. Securities and Exchange Commission (SEC) sued Musk for securities fraud, alleging that the tweets were “false and misleading.” Shortly thereafter Tesla’s board rejected the SEC’s proposed settlement, reportedly because Musk had threatened to resign. However, the news sent Tesla stock plummeting, and a harsher deal was ultimately accepted. Its terms included Musk stepping down as chairman for three years, though he was allowed to continue as CEO.

Dissatisfied with the projected cost ($68 billion) of a high-speed rail system in California, Musk in 2013 proposed an alternate faster system, the Hyperloop, a pneumatic tube in which a pod carrying 28 passengers would travel the 350 miles (560 km) between Los Angeles and San Francisco in 35 minutes at a top speed of 760 miles (1,220 km) per hour, nearly the speed of sound. Musk claimed that the Hyperloop would cost only $6 billion and that, with the pods departing every two minutes on average, the system could accommodate the six million people who travel that route every year. However, he stated that, between running SpaceX and Tesla, he could not devote time to the Hyperloop’s development.

Elon Musk Net worth

Elon Musk Networth is 167.3 billion USD

Elon Musk is working to revolutionize transportation both on Earth, through electric car maker Tesla — and in space, via rocket producer SpaceX.

He owns 21% of Tesla but has pledged more than half his stake as collateral for loans; Forbes has discounted his stake to take the loans into account.

He stepped down as chairman in 2018, after making alleged “false statements” about a plan to take Tesla private, triggering an SEC probe.

SpaceX, Musk’s rocket company, is now valued at $74 billion after its latest funding round in February 2021.

He grew up in South Africa, then immigrated to Canada at age 17. He landed in the U.S. as a transfer student to the University of Pennsylvania.

How Elon Musk Got $126 Billion Richer In A Year

Tesla’s CEO Elon Musk had a great 2020. He got more than $126 billion dollars richer over the year mostly thanks to Tesla’s stock growth.

Frequently Asked Questions

When was Elon Musk Born?

Elon Musk was Born on June 28, 1971

How did Elon Musk become famous?

Elon Musk Cofounded the electronic Payment Firm PayPal and founded the Spacecraft company SpaceX. He became chief Executive officer of the Electronic-car maker Tesla.

Where did Elon Musk go to collage?

Elon Musk went to Queen’s University in Kingston, Ontorio, Canada and then Transferred to the University of Pennsyvania in Philadelphia.

What Did Elon Musk Accomplish?

Elon Mush Founded SpaceX, a Company that makes Rockets and Spacecraft. He Became the chief executive officer and major founder of Tesla, which makes electric Cars.

Where did Elon Musk get his Money

Just after Leaving Stamford in 1995, Elon musk and his brother Kimbal founded Zip2 Corporation. The company provided city Guild and Directory software to newspapers. In 1999 the Company was sold to compaq computer corporation for over $3000 milion (€216 Million). At the age 27, Elon Musk become a self-made Millionaire.

Elon Musk Net worth 2021

Elon musk Net worth in 2021 is $167.3B

Elon Musk companies

1. Paypal
2. Tesla
2. SpaceX
4. Neuralink
5. Zip2
6. SolarCity
7. OpenAI
8. The Boring Company

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