Elon Musk was born in South Africa, but his family moved to Canada when he was 17 years old. At the age of 24, Elon earned his first millions with a company called Zip2, which he sold for more than $300 million to Compaq. He received an undergraduate degree in Economics from Queen’s University in Ontario.
In January 2019, Forbes estimated that Elon Musk is worth $19.5 billion as of January 2019 with a net worth up from his previous net worth of $18.8 billion. He has had an impressive growth in wealth over the last 10 years with a rise from $1.6 billion to $19.5 billion and this is largely due to his work in the tech industry which Forbes said accounts for 70% of his wealth.
Elon Musk is an entrepreneur, engineer, inventor and investor. He has a net worth of $20.5 billion as the founder of the SpaceX and Tesla Motors companies.
What is Elon Musk’s Net Worth?
As of May 2020, Elon Musk’s net worth is an estimated $36.5 billion. This makes him one of the richest people in the world. But what is the source of his wealth?
Musk made his fortune primarily through his investments in technology companies. He co-founded PayPal and Tesla Motors, and also served as the CEO of SpaceX. In addition, Musk has made several successful real estate investments.
Musk’s educational background is in physics and economics. He received bachelor’s degrees from the University of Pennsylvania in 1997.
How did he make his money?
Elon Musk is an entrepreneur and business magnate who co-founded PayPal and Tesla Motors. He also founded SpaceX, and is now working on developing the Hyperloop. Musk has an estimated net worth of $13.9 billion as of 2016.
Musk was born in South Africa, and moved to Canada aged 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding web software company Zip2 with his brother Kimbal. The start-up was acquired by Compaq for $307 million in 1999.
Musk co-founded PayPal that same year, and served as the company’s chairman and CEO until it was acquired by eBay in 2002 for $1.5 billion. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. In 2006, he helped create SpaceX, an aerospace manufacturer and space transport services company, of which he is now CTO and lead designer.
Elon Musk’s Education and Career Background
Elon Musk is one of the most accomplished entrepreneurs and inventors of our time. He is the founder, CEO, and CTO of SpaceX, co-founder of Tesla Motors, and chairman of SolarCity. He also has a background in physics and economics, which he put to use in developing his companies.
Musk was born in South Africa in 1971. He showed an early interest in computers and programming, and when he was 12, he created a video game called Blastar. He went on to attend Queen’s University in Canada before transferring to the University of Pennsylvania, where he received dual bachelor’s degrees in economics and physics.
After college, Musk moved to California to pursue a career in technology. He started out working for an internet startup called Zip2, which he sold to Compaq for $307 million in 1999. He then co-founded PayPal with Peter Thiel and Max Levchin, which was sold to eBay for $1.5 billion in 2002.
In 2002, Musk founded SpaceX with the goal of reducing space transportation costs and enabling the colonization of Mars. The company has since become a leading provider of launch services for government and commercial customers.
In 2004, Musk co-founded Tesla
Interesting Facts about Elon Musk
Elon Reeve Musk FRS (/ĖiĖlÉn/ EE-lon; born June 28, 1971) is a business magnate, industrial designer, and engineer. He is the founder, CEO, CTO, and chief designer of SpaceX; early investor, CEO, and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. A centibillionaire, Musk is one of the richest people in the world.
Musk was born to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada aged 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding web software company Zip2 with his brother Kimbal. The start-up was acquired by Compaq for $307 million in 1999. Musk co-founded online bank X.com that same year, which merged with Confinity in 2000
