Biography of Elon Musk his Origin, Education, Career, Wealth

Elon Musk is a South African and American entrepreneur and engineer, one of the richest people in the world. He was born on June 28, 1971, in Pretoria, South Africa. He lives in Los Angeles, USA.

Date of birth: June 28, 1971

Place of birth: Pretoria, South Africa

Residence: Los Angeles

Country: USA

Occupation: Entrepreneur, engineer

Twitter: Elon @ Twitter

Instagram: Elon @ Instagram

He is the director of the company “Tesla”, which is engaged in the production of electric cars, and he is also the founder, executive, and technical director of “SpaceX”, a private company that deals with the production of spacecraft and space flights.

In addition, Musk founded and participated in the founding of many other world-famous companies, including “The Boring Company” – a tunneling company, “Neuralink” – a neurotechnology company engaged in the development of brain implants, “PayPal” – a company that is developed an online payment system, “OpenAI” – a research laboratory that deals with the development of artificial intelligence.

Origin, childhood, and education

Elon Musk was born on June 28, 1971, in Pretoria, South Africa, as the son of Canadian model and nutritionist Maya Musk and Erol Musk, a South African electromechanical, pilot, and sailor.

His paternal grandmother was British and his maternal grandfather was Canadian. His parents divorced when he was a child, and he lived with his father during that period.

He finished primary and secondary school in Pretoria, and in that period he became interested in computers and programming, so at the age of 12, he managed to sell a computer game that he programmed himself. He named the game “Blastar” and sold it to PC and Office Technology magazine for about $ 500.

After high school, Musk decided to continue his education in the United States. However, he thought that it would be easier to enter America through Canada than through the Republic of South Africa since his maternal grandfather was Canadian.

That is why he applied for Canadian papers and a passport, and while he was waiting for the documentation, he studied at the University of Pretoria for five months in order to avoid going to the army.

At the age of 17, he moved to Canada, where he studied at Queen’s University, and two years later he transferred to the University of Pennsylvania in America.

He graduated in physics and economics and then enrolled in doctoral studies in applied physics and materials science. However, he left these studies after two days to pursue entrepreneurship.

Career

Immediately after leaving his doctoral studies, Musk embarked on business, determined to take advantage of the popularity of the Internet that began in 1995.

That year, together with his younger brother Kimbal and Greg Kouri, he founded the company “Zip2”, which supplied online newspapers with travel guide software, including maps, instructions and yellow pages.

Zip2 collaborated with newspapers such as The New York Times and the Chicago Tribune, and in 1999 the company was sold to Compaq for $ 307 million.

Soon after, Musk co-founded X.com, one of the first companies to provide online banking and online and email payments.

After a year, the company was merged with the online bank “Confinity”, which had its own online payment service – “PayPal”, which was much more popular than the services provided by “X.com”.

In the new company, which was formed by merging the previous two, Musk was the executive director for a short time, and in September 2000, he was replaced by Peter Thiel.

The company was then renamed PayPal and sold to eBay for $ 1.5 billion in 2002, and Musk, as a shareholder, made over $ 100 million from the sale.

SpaceX

Musk founded the company “SpaceX” in 2001, inspired by the plans and mission of the American non-governmental organization “Mars Society” to start growing plants on Mars and to create people on that planet at some point.

The company was founded with the goal of reducing the cost of transport to space, creating its own spacecraft, and participating in the process of colonizing Mars.
“SpaceX” has been working on the production of spacecraft since its inception, but until 2008, none of them were successful in trying to launch. It was only that year that the Falcon 1 spacecraft managed to reach Earth’s orbit.

Two years later, the “Dragon” spacecraft became the first spacecraft of a private company to being successfully launched into orbit and returned to Earth.

In the following years, “SpaceX” continued to work on modern technology spacecraft, and in 2020 it became the first private company to send astronauts into orbit and to the International Space Station.

In addition to spacecraft, Musk began developing Starlink in 2015 as part of SpaceX, a project aimed at providing satellite Internet access. The project is based on a whole constellation of small satellites that are low in Earth’s orbit.

Tesla

The company “Tesla” was founded in 2003 by Martin Eberhard and Marc Tarpenning, and Musk joined the company in 2004 when he invested over six million euros in the company and became the chairman of the board.

The company launched its first car in 2008 – the Roadster, which was a fully electric car that could cover over 300 kilometers on a single charge.

At the end of that year, Musk became the executive director of Tesla and saved the company from ruin, since it was also affected by the world economic crisis. Tesla went public in 2010 when its shares were worth $ 226 million.

Tesla stopped production of the Roadster in 2012 and began production of the Model S, followed by the Model X in 2015 and the Model 3 in 2017. According to data from March 2020, Tesla is the most successful company engaged in the production of electric cars, with over 500,000 cars sold.

Tesla’s shares have grown tremendously since 2010 due to the growing popularity of both the company itself and electric cars so the company’s annual revenue in 2020 amounted to over 30 billion dollars.

Given that Musk owns 21% of the company, Tesla’s popularity and success influenced Mask to become one of the richest people in the world.

Twitter

On April 26, 2022, almost all world media published the news that Elon Musk bought Twitter for 44 billion dollars. It was announced that he reached an agreement with that company, with the promise that he would reduce censorship on the platform.

Shortly afterward, human rights organizations came forward. They mostly expressed concern about the lifting of the restrictions, as this could lead to an increase in hate speech on Twitter.

Musk has previously criticized Twitter’s policy, stating that it must be a platform for freedom of speech. He said that he hoped that his sharpest critics would still remain on this social network “because that is what freedom of speech means”.

A White House spokeswoman also said that President Joe Biden “has long been concerned about the power of large social networks “.

Wealth

At the beginning of 2020, Mask’s net value was 27 billion dollars. Due to Tesla’s great popularity and success, Musk’s fortune grew to $ 150 billion and by the end of 2020, he had overtaken Mark Zuckerberg, the founder of Facebook, and Bill Gates, the founder of Microsoft, so that he became the second richest. man of the world.

In January 2021, Musk briefly became the richest man in the world with a net worth of 185 billion dollars, surpassing the richest man until then, Jeff Bezos, the founder of Amazon. Bezos soon returned to the top of the list, all due to fluctuations in the value of Tesla shares.

Charity work

In 2012, Musk took over the Giving Pledge Foundation, committing to donate most of his wealth to charity, either during his lifetime or in his will. In 2014, he donated a million dollars to a museum dedicated to Nikolin Tesla.

Forbes magazine gave him a grade of 1 in philanthropy in 2020 because he gave less than one percent of his net earnings for humanitarian purposes.

In November 2021, he announced that he was donating 5.7 billion worth of Tesla shares to charity.

He donated $ 15 million to encourage innovation in tackling illiteracy and $ 100 million in awards to improve carbon exploitation technologies.
In 2022, the journalists of the magazine “Fortune” announced that no non-profit organization received money from Mask, despite the fact that in the tax return from November 2021, he stated that he had set aside 5.7 billion worth of shares of “Tesla” for humanitarian purposes.

After the Russian invasion of Ukraine in the spring of 2022, Musk enabled the sending of “Starlink” systems bought by other European countries and private financing to Ukraine for Internet access and communication in the besieged country.

Ukrainian President Volodymyr Zelenskyy personally thanked Mask for his support and announced further talks between the two on projects that should be implemented after the end of the war.

Mask Foundation

Elon Musk is the president of the Musk Foundation, which aims to provide solar energy systems in disaster areas, as well as support research and development. In addition, other scientific and technical educational goals are stated.

Since 2002, the Foundation has provided about 350 contributions. Half of that was intended for scientific research or educational non-profit organizations. She was criticized for the relatively small amount of donated wealth.

Private life

Elon Musk has been married several times, twice to the same woman since they divorced. He has seven children, one of whom died early.

Musk’s first wife was Canadian writer Justine Wilson, whom he married in 2000. With her, he first had a son who died only 10 weeks after birth, and then five children, twins and triplets. They divorced in 2008 and today they share custody of the children.

He was then married to English actress Talulah Riley from 2010 to 2012, and then they remarried and were married until 2016. He was married to American actress Amber Heard for a year, from 2016 to 2017.

She has been in a relationship with her last partner, Canadian musician Claire Boucher, since 2018. On May 4, 2020, the couple had a son, whom they named “X Æ A-12”. However, this name is not legal in California because it contains characters that are not part of the English alphabet, so they changed the name to “X Æ A-Xii”. This name was not acceptable either because it ” does not exist as a letter in the modern English alphabet, so the child was eventually given the name” X AE A-XII “.