Elon Musk is one of the world’s most successful entrepreneurs and a self-made billionaire. After entering the billionaire club in 2012, he has rocketed to the top of the list and is now one of the wealthiest people in the world. His wealth is mainly based on his shareholdings in the electric car firm Tesla, of which he is the CEO.
Musk was born in South Africa in 1971 to a wealthy family. His father was an engineer and his mother a nutritionist and model. He was raised in Pretoria, South Africa, and attended private schools. He moved to Canada at the age of 17 and eventually made his way to the United States.
Despite his privileged upbringing, Musk was not born a billionaire. He had to work hard to achieve his success. He studied economics and physics at the University of Pennsylvania and then went on to pursue a PhD in energy physics at Stanford University. He dropped out of the program after two days, however, and instead focused on launching his first company, Zip2, which provided online city guides.
Musk then went on to launch several other companies, including X.com, which eventually became PayPal. He sold PayPal to eBay in 2002 for $1.5 billion, which gave him a substantial amount of money to invest in other ventures. He then went on to found SpaceX, a space exploration company, and Tesla, an electric car company.
Musk’s investments in Tesla have been particularly lucrative. Tesla’s stock has skyrocketed in recent years, and Musk’s stake in the company is now worth more than $30 billion. This has made him one of the wealthiest people in the world.
So, while Elon Musk was born into a wealthy family, he was not a born billionaire. He achieved his success through hard work, dedication, and a series of savvy investments. His success is a testament to the power of ambition and determination.