History of Elon Musk

Elon Musk History

Forbes’ current world richest man in the world, Elon Musk has been trending in the global world for quite a number of time now. His massive trend erupted when he first emerged as the world’s richest man in 2020, overtaking Amazon’s founder, Jeff Bezos. As a co-founder of Tesla, Inc. Elon Musk is an interesting case to study, having  vast and astounding milestones engraved in his bio. However, for the sake of brevity, and to allow you grasp all there is to know about this business tycoon and magnate, including his major achievements and milestones, this pieces will take you on a short trip to unravel all there is to know about Elon Musk, starting from his early background, to his family background, to his educational experience, and to how he co founded the astounding company, Tesla, Inc.

Elon Musk Early Life

The American entrepreneur, business magnate and South African born, Elon Musk was born on the 28^th June, 19 1971 in Pretoria, South Africa. Elon Musk was faced with a whole lot of childhood challenges every kid undergo while growing up. Growing up with such challenges, Elon Musk was left to witness the trauma of a broken home as his parents filed for divorce when he was 10 years old, and being bullied in school because of his relatively short and small stature.  However, in spite all of this challenges, Elon Musk strive to face life as it appear and fight back. He was enrolled in a wrestling karate lessons to enable him defend himself against his colleagues.

With intense passion for great inventions, growing up as a kid, Elon Musk has always submerged himself into the fantasy of his inventions to the point that people thought he has hearing impairment as he hardly when people call out to him.

Family Background

Born to the family of five, with two siblings, Elon Musk father, with the name Errol Musk is a successful and wealthy engineer from South Africa, and his mother, a Canadian model with the name, Maye Musk.

Elon Musk’s brother name is Kimbal and his sister’s name, Tosca, they family lived together in South Africa until Elon Musk was 10 and their parents had to file for divorce as they both surmise the marriage was not progressing.

Educational Background

Elon Musk’s educational background is an interesting case to study. First, it would be interesting to know that the business tycoon and magnate, Elon Musk has two bachelors degree, one in business with a major in economics and the other, a physics degree.

Elon Musk’s collegiate education was  dated back to late 80s (1989 precisely) when he migrated to Canada at the age of 17 where he attended Queens University. However, Elon Musk’s major aim was to become an American citizen, and thus, with this goal in mind, he applied for Canadian citizenship which allows in to move freely into the United State where he eventually obtained his citizenship in 2002.

He attended Pennsylvania University, and in 1992, he bagged his first degree in Economics, however, instead of returning to Canada immediately, he stayed back for his second degree in Physics, and in few years after, he bagged his second bachelor’s in physics.

Elon Musk proceeded to Stanford University in California to further broaden his knowledge in Physics. However, during his doctorate programme in energy physics, the internet sprout and boomed a great deal and he had to dropped out of the university to purse his ever longing inventive career where he launched Zip2 Corporation, his first ever company in 1995.

Elon Musk’s Companies History

As you may have seen in the above finishing line, Elon Musk professional career didn’t begin with Tesla, Inc. which had technically launched him into becoming an astounding fellow as well as being the world’s richest man. As a matter of fact, Zip2 which happens to be his first company was launched alongside his brother Kimba Musk. Zip2 was initially built as virtual city guide where people can logon to to get directions of every nook and cranny of the cities they intend going. However, in no time the company grew up to be the one of the best content provider companies producing contents and making them available for big industries like the Chicago Tribune, the New York Time, et cetera. Although, the company did not get to display its prowess for long as it was latter bought by Compaq Computer Corporation in 1999 with $307 million and $34 million in cash and dollar respectively.

1999 witnessed another milestone in the history of Elon Musk as it created a platform called X.com a virtual platform that offers financial payment and services for individual customers pay. However, the company also didn’t stayed long as it was changed again due to its expansion and acquisition of Paypal, which has now become one of the best payment platforms with a great market share, contending with the key players in the industry like Payoneer.

In 2002, SpaceX was formed with the main aim to build spacecraft to help travel in the space for commercial purposes. NASA awarded SpaceX with the contract to help the agency with cargo related transmission in the space. However, SpaceX made a cutting edge exploit by launching Falcon 9 rocket into the space.

And as years whirls by,  SpaceX continued to grow, encountering several huddles and trials on the way like normal business would, as well as establishing milestones.

In 2003, Elun Musk co-founded the Tesla, Inc. The company was funded in San Carlos, California, United States with just a mere desire by a group of brilliant engineers to invent something new for the world, and today, Tesla had taken the entire world by surprise by becoming one of the strongest brands in the world. As a matter of fact, according to the Forbes’ Billionaires list 2200, Tesla’ co founder, Elon Monsk is ranked the world’s rishest man with a whopping net-worth of $219 billion, seconded by Jeff Bezos with the net-worth of $171 billion (Mille, 2022).   

In 2008, Tesla launched a brand called the Roadster which technically becomes a ground-breaking invention in the electric power train and battery technology as well as the entire universe’s history. Taking it a shot further, Tesla built, Model S– a premium all-electric sedan. Model S becomes the world’s first fully-electric produced vehicle, and by extension, the vehicle emerged as the best car in its class and category and remains a phenomenal invention in the field in the 21^st century due to its based on its excellent feature in  performance , speed, safety and overall efficiency.

2015 witnessed an expansionary move from Tesla as the company launched the quickest, safest, and most efficient sport car in the history of humanity, with the brand called Model X. The national Highway Traffic Safety Administration ranks the vehicle a 5 star rating after considering its astounding safety feature across all categories.

Similarly, in 2016, in order to make its products and brands more affordable to its ever increasing customer base, Tesla unveiled another amazing product with the brand Model 3. This product is a high-volume but low priced vehicle but its production didn’t begin until 2017.

Taking a giant stride into the another dimension to  hit another target market, and to save cost of fossil fuel with up to $200,000 in a million mile, Model Y was released by Tesla a truck SUV-like vehicle which could contain up to 7 passengers. Model Y judging from its inbuilt feature tends to outperform other related sport cars, and of course the normal traditional car.

Elon Musk Net Worth

If there had been any reason for Elon Musk’s sudden rise of wealth, it is in his ever growing Tesla, Inc. Company which currently has market share of more than $1 trillion tripling in value as of 2021. However, as of today, the company still holds the market share of $730 billion which is still an astounding stand given the entire market value and other competitor’s market share.

In 2021, Elon Musk was ranked second according to USA today, with Jeff Bezos, Amazon founder and CEO topping the first position.  However, as of  this year, 2022, Elon Musk’s net worth rises exponentially, amounting to a whopping $219 billion, and as a result, he is currently the richest man in the world.

Conclusion

Based on the comprehensive background history of the billionaire and business tycoon, Elon Musk, it is quite obvious, that just as everyone, Elon Musk grew up with normal challenges of life people face, however, although we could say he has a soft background compared to some other great men due to his father’s wealth, however, that doesn’t mean to say all of his wealth had erupted from this source, because he as an individual had to fight for his course and against all odds, he was able to succeed. With his passion for sustainability and being an advocate of clean energy, there is no doubt that Elon Musk would keep surprising the world with great and astounding inventions.