Elon Reeve Musk FRS (brought into the world June 28,1971) is an innovator, stakeholder, and business tycoon. He is the pioneer, CEO, and Chief Engineer at SpaceX; early-stage stockholder, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. With an total net worth from around US $273 billion as of April 2022, Musk is the richest and most powerful man on earth this is according to the Bloomberg Billionaires Index and the Forbes real-time billionaires roster.
Childhood and family
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa. His mom is Maye Musk (née Haldeman), a model and dietitian born in Saskatchewan, Canada, however raised in South Africa. His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and belongings developer who was as soon as a half proprietor of a Zambian emerald mine near Lake Tanganyika. Musk has a younger brother, Kimbal (born 1972), and a younger sister, Tosca (born 1974). His maternal grandfather, Joshua Haldeman, was an adventurous American-born Canadian who took his own circle of relatives on record-breaking trips in a single-engine Bellanca airplane to Africa and Australia; and Musk has British and Pennsylvania Dutch ancestry. When Musk was a child, his adenoids were eliminated due to the fact doctors suspected that he was deaf, but his mother later decided that he become thinking “in another world.” The family was very wealthy in Elon’s youth; Errol Musk once said, “We had so much money at times we couldn’t even close our safe”. After his parents divorced in 1980, Musk mostly lived with his father in Pretoria and elsewhere, a desire he made two years after the divorce and finally regretted. Musk has become estranged from his father, whom he describes as “a terrible human being… Almost each evil thing you can probably think of, he has done.” He has a half-sister and a half-brother on his father’s side. Elon attended an Anglican Sunday school in his youth.
Education
Aware that it’d be easier to go into the USA from Canada, Musk implemented for a Canadian passport through his Canadian-born mother.While awaiting the documentation, he attended the University of Pretoria for five months; this allowed him to avoid mandatory service in the South African military. Musk arrived in Canada in June 1989, and lived with a second-cousin in Saskatchewan for a year, working odd jobs at a farm and lumber-mill. In 1990, he entered Queen’s University in Kingston, Ontario. Two years later, he transferred to the University of Pennsylvania, where he graduated in 1995 with a Bachelor of Arts degree in physics and a Bachelor of Science degree in economics. In 1994, Musk held two internships in Silicon Valley during the summer: at energy storage startup Pinnacle Research Institute, which researched electrolytic ultracapacitors for energy storage, and at the Palo Alto-based startup Rocket Science Games. In 1995, he was accepted to a Doctor of Philosophy (Ph.D.) program in materials science at Stanford University in California. Musk attempted to get a job at Netscape but never received a response to his inquirie. He dropped out of Stanford after two days, deciding instead to join the Internet boom and launch an Internet startup.
Business career
Zip2
X.com and PayPal
SpaceX
Tesla
SEC lawsuit
SolarCity and Tesla Energy
Neuralink
The Boring Company
Managerial style and treatment of employees
Other activities
Hyperloop
OpenAI
Tham Luang cave rescue and defamation case
2018 Joe Rogan podcast appearance
Music ventures
Donations and non-profits
Wealth
Musk managed to make $165 million when PayPal has been did sell to eBay in 2002. He was first outlined on the Forbes Billionaires List in 2012, with a net worth of $2 billion. At the start of 2020, Musk had a net worth of $27 billion. By the year’s completion his net worth must have expanded by $150 billion, driven primarily by his responsibility from around 20% of Tesla shares. During this, Musk’s net worth often was high volatility. For illustration, it lowered $16.3 billion in September, the largest single-day plummet in the heritage of the Bloomberg Billionaires Index. In November of that same year, Musk cleared Facebook co-founder Mark Zuckerberg to be the next third-richest person on earth; a week eventually he carried Microsoft co-founder Bill Gates to be the next second-richest. In January 2021, Musk, with a net worth of $185 billion, topped Amazon creator Jeff Bezos to be the richest on the planet. Bezos recovered the top location the following month. On September 27,2021, Forbes proclaimed that Musk had a net worth of over $200 billion, but was the richest man on the planet, after Tesla shares rocketed. In November 2021, Musk became the first individual with a net worth over $300 billion.
Around three-quarters of Musk’s wealth emanates from Tesla. Musk somehow doesn’t receive a salary from Tesla; he concurred in 2018 to a payment structure with the committee that combines his self profits to Tesla’s asset value and profits. The new agreement decreed that Musk sole expects to receive the reimbursement if Tesla began to reach damn sure valuations. It was the greatest of this kind new agreement always done between a CEO and directors. In the first compensation, given in May 2020, he had always been prepared to obtain 1.69 million TSLA stocks (about 1% of the corporation) at below-market price is the price, which had been worth about $800 million. Musk paid $455 million in tax rates on $1.52 billion of profit between 2014 and 2018. According to ProPublica, Musk required to pay no federal tax in 2018. His 2021 payroll tax seemed to be expected at $12 billion premised on his seller of $14 billion worth of Tesla shares.
Musk has multiple times explained himself as “cash poor”, and already has “professed to have little interest in the material trappings of wealth”. In 2012, Musk approved The Giving Pledge and, in May 2020, committed to “sell almost all physical possessions. In 2021, Musk supported his wealth by speaking he is “accumulating resources to help make life multiplanetary [and] extend the light of consciousness to the stars”. In the early 2000s, Musk used to be [elaboration usually required] a private drone operator, his fave jet therefore being the L-39 Albatros, though he decided to terminate initiating by 2008. He uses a private aircraft operated by SpaceX and acquired a second aircraft in August 2020. The jet’s hard use coal power — it flew over 150,000 miles in 2018 — has drawn criticism.