You might be asking, How did Elon Musk become Rich? The answer is quite simple – he was born in Canada to a Canadian mother and a South African father. Elon studied in South Africa for a brief time, then moved to Canada.
He matriculated at Queens University and then transferred to the University of Pennsylvania to get his bachelor’s degree. Elon’s entrepreneurial skills were quickly realized after working at online business directory Zip2 with his brother Kimbal. The Zip2 sale generated over $22 million for the Musk brothers.
Tesla is one of Musk’s most valuable businesses. Its stock has risen like a rocket in the last several years. Its most recent announcement is that Hertz plans to purchase 100,000 Tesla electric vehicles. The company has made a lot of headlines and is a billionaire. If that’s not enough, Musk also owns a 20 percent stake in Tesla, which is involved in electric vehicles and renewable energy.
Zip2 was one of Musk’s early investments, which he sold to Compaq for $37 million four years later. He then sold PayPal to eBay for $1.5 billion, netting $22 million in the process. Musk then co-founded Tesla and sold his shares to the public at $17 per share in 2010. The company’s stock price later topped $1 trillion. It is now the world’s largest private company and a major tech startup.
Besides SpaceX and Tesla, Elon Musk also founded SolarCity and the Boring Company. The Tesla company later acquired SolarCity to diversify its portfolio. The Boring Company constructs underground transportation systems with zero emissions. He also invested in DeepMind, which was acquired by Google in 2014. NeuraLink is focused on brain-machine interfaces. Aside from SpaceX and Tesla, Musk has many other companies.
So, how did Elon Musk become rich? His net worth is $186.3 billion. The billionaire has worked his way up to the top by putting his ideas in front of young people. By combining education and entrepreneurial skills, he has made it possible for others to follow in his footsteps. In fact, even some of his competitors have been able to copy the technology pioneer. And as long as he continues to innovate and create new products and services, he will be one of the most successful entrepreneurs in history.
Aside from being an entrepreneur and a philanthropist, Elon Musk has also created a social enterprise called CLLCTVE. This company connects creatives to brands. The founder of this company was included in Forbes’ 30 Under 30 list in 2021. His entrepreneurial spirit has helped him to become a billionaire in the span of just a few years. While the company is still a young one, he has already made it to the top of the Forbes 30 Under 30 list.