The Success Story of Elon Musk

On this day, June 28 in the year 1971, the man who envisions to colonize planet Mars and change the world and humanity was born in Pretoria, South Africa. His name is Elon Reeve Musk, the founder of SpaceX and the CEO of Tesla Motors. According to forbes.com, his net worth is $41.1 billion as of June 28, 2020, making him the 31st richest in the world.

Elon Musk
Elon Musk (Credit: Business Insider)

Elon is the son of a South African engineer and a Canadian model. He has two other siblings. He lived and studied in South Africa before he moved to Canada when he was 17. At 12, he already learned computer programming, having written a code for a video game. He studied at Queen’s University in Ontario, Canada for two years before he transferred to the University of Pennsylvania in the United States where he finished a degree in physics and economics. He enrolled at Princeton University for his PhD but did not pursue it.

Together with his brother, Elon started in 1995 a web company called Zip2 which developed and marketed city guide software. He became a multimillionaire before he reached 30 when this company was acquired by Compaq in 1999. He then formed another startup which would soon become Paypal.com, an online payment platform. When eBay.com purchased Paypal in 2002, he received $165 million.

In 2002, Elon set up Space Exploration Technologies (SpaceX) with a vision to establish a Mars colony by 2040. In 2004, he invested in the newly created Tesla Motors, a producer of electric vehicles. In 2006, he provided funds for the establishment of SolarCity which was co-founded by his cousins Lyndon and Peter Rive. This company is now a major supplier of solar power systems in the US. Tesla broke ground on the so-called Gigafactory in June 2014 outside Sparks, Nevada. Today, the Gigafactory produces Model 3 electric motors and battery packs, in addition to Tesla’s energy storage products, Powerwall and Powerpack. In January, 2020, the company opened its China electric vehicle factory.

Elon is married three times and divorced three times. He has five sons with his first wife Justine, all through in vitro fertilization.

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