Elon Musk, a fifty-year-old entrepreneur and modern-day business mogul, is the wealthiest person alive in the world today with a jaw-dropping net worth of $278 billion. But how did Mr. Musk acquire such wealth? And what are his main business ventures? Carry on reading to learn everything you need to know about the iconic billionaire Elon Musk.
Elon’s Younger Years
Elon Reeve Musk was born in Pretoria, South Africa, on June 28th, 1971, to his Canadian mother and South African father, who was an electromechanical engineer, a pilot, and a sailor. His family was extremely wealthy when he was growing up. His parents ended up divorcing in 1980.
Elon first showed his love for computer technology and video games when he was as young as ten years old and purchased the Commodore VIC-20 home computer. Musk was quite a nerd as a child, and growing up, he managed to teach himself how to do computer programming for video games.
His Student Years
In 1989 moved to Canada, and in 1990 began studying at Queen’s University, Ontario. In 1992, he chose to transfer to the University of Pennsylvania, from which he graduated in 1997 with a BSc in Economics and a BA in Physics.
How He Has Made His Billions
Elon made his first multi-millions as an entrepreneur in 1999 when Compaq acquired Zip2 for a total of $307 million, the company he founded with his younger brother Kimbal Musk in 1995 that provided online city guide software to newspapers. Elon selling his share of Zip2 made him $22 million right away.
Musk has always been fascinated by space and space travel. After making a couple of millions, he decided he would spend his fortune to try and construct affordable rockets. Thus, Musk founded Space Exploration Technologies Corp (SpaceX) in 2002. Today, Musk is the CEO and Chief Engineer of SpaceX. The company’s futuristic headquarters are in Hawthorne, California.
Musk is also notorious for being a leading figure in the car manufacturing industry in 2022, and the Chief Executive of Tesla Inc. Tesla’s innovative plug-in cars have led the way in the field of electric vehicles. Tesla models also boast modern gadgets such as the ‘no-touch’ unlocking service, which allows you to unlock the car remotely using the Tesla app on your smartphone. You can also add a friend as a driver and unlock your Tesla remotely if you have left your bag in the boot of your car and want them to get it. Your friends can even drive your car by being added as an agreed driver on your Tesla app account. Teslas, therefore, make the most of modern technology to make drivers’ lives more convenient. In the third quarter of 2021, Tesla managed to sell more than 241,000 electric cars worldwide.
Elon Musk is renowned across the globe for being quite a bold character, a leader of men, and adopting a ruthless approach when it comes to making cutbacks and firing company employees. Musk is a confident and ambitious businessman who has a tremendous amount of trust in his own judgment and the decisions he makes. For example, in early November 2021, Musk tweeted he would sell 10 percent of his stock if Twitter users approved. Also, in November 2021, Musk decided to sell $1.01 billion of his Tesla shares in order to meet his tax obligations. Like any successful visionary entrepreneur who knows how to conduct business, Musk is a highly intelligent man and an independent thinker.
The Popularity of the Tesla Car Brand in Dubai
Tesla has rapidly become one of the most popular car brands in the UAE and opened its first dealership in Dubai in 2017. As part of the Roads and Transport Authorities’ (RTA) move to reduce the carbon emissions in Dubai by 16% before 2021, the RTA brought in the 125 Tesla Model S and Model X as a fleet of taxis that tourists and residents could use.
Lightning Quick Rocket Trips to Dubai
Since creating SpaceX, Musk has longed to make rapid rocket travel across the globe the norm. Musk has spoken about his ambitions for his aerospace manufacturer of rockets to be able to take passengers from London to Dubai in just 29 minutes.
Elon Musk is true quite a complex man. However, he should be lauded and widely praised for his marvelous contribution to creating a stylish, sustainable, and trendy brand of electric vehicles. For anyone wanting to drive a slick, fast vehicle that is also conscious about their impact on the environment and reducing their carbon footprint, getting a Tesla Car in 2022 is a top choice. Like all courageous entrepreneurs in business, Elon Musk has continually demonstrated down the years that he is able to tread where others haven’t been before.