Who Is Elon Musk And Why Is He The Richest Man In The WorldHot Buzz

January 08, 2021 11:07
Who Is Elon Musk And Why Is He The Richest Man In The World

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Elon Musk is a scientist and businessman who developed 3 major companies in the world- Paypal, Tesla Inc. And SpaceX. As of 2021, he beat Jeff Bezos, the founder of Amazon to become the richest man in the world.

Elon Musk was born on 28 June, 1971 in South Africa. At the age of 12, he created a video game and sold it to a computer magazine. Musk attended Queen’s University in Kingston, after which he transferred to the University of Pennsylvania in Philadelphia where he received his bachelor’s degree in economics and physics in 1997. For graduate school he enrolled for physics at Stanford University in California. However, he dropped out two days later from the university to create a change in society- starting with something iconic, the internet.

In 1995, he founded Zip2 which is a company that provides maps and business directories to online newspapers. In 1999, Compag, a computer manufacturer company bought Zip2 for $307 million, later which turned into PayPal, a company which specialized in transferring money online. Later on eBay bought PayPal for $1.5 billion in 2002.

In 2002, he found Space Exploration Technologies, well known as SpaceX, to make affordable and intelligent rockets. The company launched two rockets which were both successful and landed. Falcon 1 was launched in 2006 and Falcon 9 was launched in 2010. The third rocket, Falcon Heavy was launched in 2018 and was designed to carry 117,000 pounds to orbit in space. SpaceX also developed a spacecraft called Dragon which carries supplies to the International Space Station (ISS). Another rocket of this model was developed and it was called Grasshopper. Both are currently functioning rockets for SpaceX.

SpaceX is now valued at $46 billion.

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Elon Musk revolutionized transportation both on Earth and Space. Tesla is one of the only companies in the world with popularly used electric cars which provide luxury, innovation, creativity and are environmentally friendly.

In 2006, Tesla introduced its first car, the Roadster which could travel 394 kilometers on one charge. Over the years, Tesla also introduced Model X, Model S, Model Y and Model E. Tesla also introduced the Cyber Truck which is one of the most innovative cars in the world.

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Elon Musk is also popularly known among celebrities in Hollywood. He customizes feature cars for multiple celebrities including Bill Gates, Jeff Bezos, Kanye West, Kris Jenner etc.

He also made guest appearances on multiple TV shows including Rick and Morty and The Big Bang Theory.

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He is currently focusing more on SpaceX and has appointed responsible individuals along with the other two co-founders Martin Eberhard and Marc Tarpenning who are manning over Tesla at the moment. However, Elon likes to be involved as possible with all his works.

All Elon’s companies are self made and that is what makes him so inspirational. He just does not build something for the sake of it but adds something creative to his innovations which makes them stand out. Not only are his innovations ahead of their time and innovative, but they are all environmental friendly.

Tesla sold its most number of cars in history during the last quarter which is Q4 in December 2020 by selling more then 4,00,000 cars from October to December. This is the most number of cars Tesla has sold in history and is predicted to sell more in 2021 and the coming years. A new Tesla model is also about to drop soon.

A fun fact, Elon Musk did not think Tesla would make it or ever become successful. Now, Tesla is one of the most successful automobile companies in the world, with manufacturing units and charging stations set up in more than 30 countries. Elon Musk also plans on expanding this number and opening more manufacturing units and charging stations in more countries including China, Japan, Germany etc.

Elon Musk currently lives with his girlfriend Grimes who is a producer, singer and songwriter. They have a child together called X AE A-12. He also has five children with his first wife Justine Wilson.

                      (Image source from: independent.co.uk)

Elon Musk beat Jeff Bezos in 2021 by becoming the richest man in the world by generating a total revenue of 11 billion dollars in 2020. Currently, his net worth stands at $177.2 billion.

Elon Musk is an inspiration to all generations and especially those who want to become automobile engineers, rocket scientist or even successful businessmen. His innovation is beyond the world outstanding.

By Meena Atmakuri

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Elon Musk  SpaceX  Tesla  Scientist  net worth  billionaires