Elon Musk’s Net Worth 2024: Visionary Entrepreneur Behind Tesla, SpaceX & More

Elon Musk's Net Worth 2024: Visionary Entrepreneur Behind Tesla, SpaceX & More

Elon Musk, CEO of X (formerly Twitter), Tesla and SpaceX, has an estimated net worth of approximately 19,120 crores USD. He is the world’s richest person. He is a visionary entrepreneur, business magnate, and investor, making him a billionaire and the richest person in the world. He likes to connect with technology, renewable energy, space exploration, and transportation. He used phrases like “move to Mars” or “save humanity”. He is a crazy man who wants to move to Mars.

 

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Who is Elon Musk & His Life?

Elon Musk is our years old, and his real name is “Elon Reeve Musk.” He was born in 1971 and is a businessman, engineer, and investor. It may come as a surprise, but Musk was born in the Republic of South Africa, not the United States. He is best known as the founder of space development company SpaceX, electric car company Tesla, and X.com, the predecessor of PayPal.

Elon Musk’s Childhood Life

Elon Musk was born in South Africa to a mother who was a model and nutritionist from Canada and a father who was a South African engineer. He got his first computer at age ten and trained himself to program; by age twelve, he was selling Blaster, his first piece of commercial software. Speaking about his early years, Musk remarked, “I wasn’t sure what I wanted to do when I was a kid.” As I grew older, I began to consider the idea that creating something new would be interesting. According to Elon Musk, he experienced an “existential crisis” as a young person. Elon Musk is a physics and economics major at the University of Pennsylvania. The goal was to expand the scale and scope of human consciousness by learning how the economy and the earth function. After that, he enrolled in Stanford University’s graduate programme to study high-energy physics, but he left after just two days. The reason is that he decided to dive into the Internet world. By the way, according to the latest 2022 World University Rankings by the UK’s Times Higher Education (THE), the University of Pennsylvania, which Musk entered, is ranked 13th, and Stanford University is ranked 4th. Therefore, both can be said to be some of the most prestigious schools in the world.

Founding of PayPal

After leaving graduate school, Elon Musk ventured into the realm of online commerce, finding success with “PayPal.” PayPal was to become a place that provides all financial services in one place. Additionally, the site would be more user-friendly if financial services that were offered separately were smoothly integrated. When PayPal was purchased by eBay in 2002, Musk received $180 million.

Founding of Tesla

To think about what business to launch after PayPal, Elon Musk asked himself, “What problem is most likely to have the greatest impact on the future of humanity?” My first idea was to start a company that would address energy-related issues. The largest issue that the planet is currently facing is how to secure sustainable energy. Mr Musk was adamant that humanity would face challenges if we were unable to resolve this energy crisis by the end of the century. From this concept, “Tesla Motors” was born. He builds electric cars such as the Tesla Roadster, Model S, Model 3, Model X, and Model Y. Under his vision, Tesla has become one of the most valuable automakers in the world.

Founding of SpaceX

Mr. Musk desired to embark on the venture of “building a company that assists humanity in finding a home beyond Earth.” He claimed to have considered our options if humanity were to coexist on more than one planet in the future. As a result, Musk’s other representative business, SpaceX, was established. Elon Musk founded SpaceX (Space Exploration Technologies Corp.) in 2002. SpaceX has achieved numerous milestones by the development of the Falcon 1, Falcon 9, and Falcon Heavy rockets, as well as the Dragon spacecraft.

Other Ventures

Elon Musk’s also has other ventures like –

  • Neuralink is a neurotechnology company focused on developing brain-computer interfaces.
  • The Boring Company, which aims to revolutionize transportation through underground tunnels
  • SolarCity (now part of Tesla), is a solar energy services company.

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