Elon Musk at No.1 Richest Person, Biography and Net Worth

Elon Musk comes first and tops the list of the richest man in the world with the highest earnings. He is the CEO of the well-known brand “tesla”.

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Introduction:

Elon Musk is one of the greatest and most modern inventors in the world and is responsible for advancements in futuristic technology like space travel and sustainable energy. Throughout his career, he has brought huge scientific breakthroughs. He made his first luck with ‘PayPal’ the internet payment service, invested $100 million in ‘SpaceX’ his space travel company, and started inventing satellites, spacecraft, and launch vehicles for his own company and also for NASA.

His revolutionary ideas and inventions focus on sustainable, space travel, and commercial electrical cars. Musk has won scientific and philanthropic awards and recognitions for his futuristic and visionary ideas and he also provides worldwide solutions for international problems.

Elon Musk
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Elon Musk continues to plan for reaching futuristic goals such as a human colony on Mars.




Elon Musk’s Childhood and Early Life:

Elon Musk is born in Pretoria, South Africa on June 28, 1971. He has three siblings and he is the oldest among them. He grew up in the last decades of Apartheid. He was born to a father Errol Musk who is a British electrical engineer and a mother Maye Musk who is a British Canadian model.

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Elon stayed with his father in South Africa after his parents got divorced in 1980, At the age of 12, he started learning Computer Programming and sold his first video game. He further attended Queen’s University in Kingston, Ontario/ in 1990 for his graduation, and for earning a dual degree in Physics and Economics he got transferred to the University of Pennsylvania.

Elon Musk
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Musk also holds an Honorary Doctorate in Design from the ‘Art Center of Design in addition to his bachelor’s degree in Physics and Economics. He further holds an honorary doctorate in Aerospace Engineering from the ‘University of Surrey ‘.




Elon Musk’s Career:

  • He moved to California to attend Stanford for a Ph.D. in applied physics in 1995 but quit within a few days to pursue his own interests in avenues of technology and entrepreneurship. Later that year, he worked with his brother, Kimbal Musk, to develop the software company ‘Zip2’, which provided services to high-end newspaper clients like ‘The New York Times ‘ and the ‘Chicago Tribune ‘.
  • After the successful sale of Zip2 to Compaq in 1999, Musk went straight into his next venture, an online financial service called ‘X.com’. Shortly after the company acquired a money transfer service called ‘PayPal’, through a merger, they began to focus their efforts exclusively on building this internet payment service. The success of ‘PayPal’ led Musk to sell his stock in the company to ‘eBay’ for $165 million.
  • In 2002, he invested his millions in his third company ‘Space Exploration Technologies’ or just ‘SpaceX’. Within seven years, the company had designed the ‘Falcon’ line of space launch vehicles and the “Dragon” line of multi-purpose spacecraft and was making history with their privately funded innovation. ‘SpaceX’ received contracts from NASA to create a launch craft to deliver cargo to the ‘International Space Station’.
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  • Tesla Motors was founded with the mission of designing and building electric cars. Musk invested in the company and became its chairman in 2004, a year after its inception, taking on an active role in the design of the ‘Roadster’, which won the “Global Green” product award. During the recession when the company was adversely affected, he went on to become the CEO and product architect of the company, a role he holds today.
  • After designing the initial concept for ‘SolarCity’, Musk remains its biggest shareholder. Today, it is the second largest provider of solar energy in the United States, with a focus on combating global warming.
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  • On August 12, 2013, Musk announced revolutionary plans for a high-speed travel technology that, in theory, could replace airplane travel as a faster and cheaper option. His company ‘SpaceX’ is currently working on putting his plans into practice, with the design intended to run entirely on solar energy.
  • He has envisioned a high-speed transportation system known as the Hyperloop. It incorporates reduced-pressure tubes in which pressurized capsules ride on air bearings driven by linear induction motors and air compressors.
  • In July 2017, he announced that the first successful test run of Hyperloop has been done in Nevada. He also said that he has got verbal approval to build a hyperloop from New York City to Washington D.C.[1]
  • In 2022, Twitter announced that Musk would join the company’s board, but Musk decided against that and made a bid for the entire company, at a value of $54.20 a share, for $44 billion. Twitter’s board accepted the deal, which would make him the sole owner of the company. Musk stated that his plans for the company included “enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”[2]




Awards and achievements received by Elon Musk:

  • In 2010, the premier world organization for aerospace records, the ‘Fédération Aéronautique Internationale’ awarded Musk the ‘FAI Gold Space Medal. He shares this highest honor with prominent personalities like Neil Armstrong and John Glenn.
  • He has won multiple awards and recognitions for his many advancements in science, technology, and business alike, and in 2013 was named ‘Fortune’ magazine’s ‘Businessperson of the Year’ for his companies SpaceX’, ‘Tesla Motors’ and ‘SolarCity’
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  • In 2016, he was ranked 21st on the Forbes list of The World’s Most Powerful People. He was ranked 21st wealthiest person in America on the 2017 Forbes 400 list.[1]
  • Elon Musk was awarded the Starmus Festival, Stephen Hawking Medal, for Science Communication in 2019
  • In the year 2020, Musk was ranked No.1 on the Business Person of The Year List by Fortune Magazine.
  • Elon Musk was awarded the Medal of Order of Merit for Defense by the Brazilian government after the launch of the Starlink satellite in the Amazon rainforest on May 20, 2022.




Family and Personal Life of Elon Musk:

  • In 2000, Elon Musk got married for the first time to Justice Wilson who is a Canadian Author. They both had six children together all sons and they also have other five sons through IVF, in 2006 they both got divorced.
Elon Musk with his ex wife
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  • He started dating Talulah Riley an English actress in 2008 and after that, they both got married in 2010 but their marriage didn’t last for a long time so they got separated in 2012. They also got remarried in 2013 but again it didn’t work out so they again filed for divorce in  2014 which got finalized in 2016.
  • In 2016, Elon Musk was in a relationship with Amer Heard an American actress but got separated because of their conflicting schedules.
  • Elon Musk is currently in a relationship with Grimes a Canadian musician.




Elon Musk on Social Media:

Elon Musk is on only one social media platform including Twitter. He likes to socialize with his fans and with people who follow him. He is followed by 94.6 million people.

Elon Musk Twitter

But in his latest tweet, he mentioned that he also has a “cheesy secret Instagram account”.

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Elon Musk Net Worth:

Elon Musk is a South African-born Canadian-American businessman, inventor, and investor. Elon Musk has a net worth of $228.4 billion. Though he wears many hats and is constantly topping his latest project, he is currently best-known for being the CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, and chairman of SolarCity. He holds the record for being the richest person in the world and the richest person in modern history.[3]




Quotes by Elon Musk:

Elon Musk quotes
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Elon Musk quotes
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Elon Musk quotes
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Elon musk Quotes
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