Elon Musk Biography, Net Worth, Success Story, Family

Elon Reeve Musk is a business magnate who transformed Tesla, Inc. into a major motor, battery and solar panel company and who founded SpaceX with a vision to colonize planet Mars. According to forbes.com, his net worth is $194.1 billion as of February 15, 2023, making him the second richest in the world.

Elon Musk
Elon Musk (Credit: Business Insider)

Personal Information
Complete Name –> Elon Reeve Musk
Birth Date –> June 28, 1971 (Age 51)
Birth Place –> Pretoria, Transvaal, South Africa
College –> University of Pennsylvania
Degree –> physics, Economics

Wives –> Justine Wilson ​(married 2000; divorced 2008)​, Talulah Riley ​(married 2010; divorced 2012, married 2013; divorced 2016)
Children –> 10


Elon Musk 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 Musk 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 Musk 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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