Elon Musk Net Worth in 2021
Elon Musk was born on 28 June 1971 in Pretoria (South Africa). His mother was a Canadian model and his father, an engineer from South Africa, were his parents. Tosca and Kimbal are Musk’s younger siblings.
Elon discovered his love for computers at the age of 10 At 12 years old, Elon learned computer programming and developed Blastar, a videogame that he sold to PC and Office Technology for $500.
Аgе, Неіght, аnd Wеіght
Веіng bоrn оn 28 Јunе 1971, Еlоn Мuѕk іѕ 50 уеаrѕ оld аѕ оf tоdау’ѕ dаtе 31ѕt Аuguѕt 2021. Ніѕ hеіght іѕ 1.88 m tаll, аnd hіѕ wеіght іѕ 82 kg.
|Born:||June 28, 1971|
|Country of Origin:||South Africa|
|Source of Wealth:||Entrepreneur/Investor|
Elon and his brother Kimbal founded Zip2 after he dropped out of Stanford University in order to pursue entrepreneurship.
Zip2 was a web-based software company that developed and sold an Internet “city guide” to the newspaper publishing industry. The company was awarded contracts by The New York Times and the Chicago Tribune and eventually was sold to Compaq at $307 million.
Musk, who now has $22 million in his pocket after the sale of Zip2, founded X.com as an E-Mail payment firm. This became the famous PayPal when X.com merged its operations with Confinity.
PayPal was the largest online payment transfer company. eBay bought it for $1.5 billion in stock. Musk was now worth $165 million.
It was at this time that Elon Musk began to pursue his passion of changing and advancing the world for the better, investing in Tesla was the founder of SpaceX and Solar City.
Musk’s sudden rise in net worth is due to the success of these three companies.
SpaceX advances space technology and strives for a reduction in the cost of human spaceflight.
Tesla’s goal is to solve the automotive industry’s fossil fuel crisis by creating stylish and affordable electric vehicles.
Solar City is the 2nd largest solar power system provider in the United States.
Elon Musk’s net worth was estimated at $79.4 billion in 2020.
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These are some of the greatest moments in Elon Musk’s life:
- In 1995, he moved to Silicon Valley.
- Compaq sells Zip2 for $307 million (1999).
- Creates X.com later became PayPal (1999).
- eBay buys PayPal for $1.5 Billion (2002)
- Becomes an American citizen
- SpaceX9 Founds (2002)
- Tesla CEO (2008)
- Tesla Starts Deliveries of the All-Electric Model S (2012)
- Launch of the Model X (2015)
- Tesla and SolarCity merge (2016)
- The Model 3 arrives (2017)
- SpaceX Falcon Heavy Rocket Launches (2018)
Favourite Elon Musk Quotes
“Some people dislike change. But, you must embrace it if the alternative to disaster is possible.”– Elon Musk
“I believe it is very important to have an ongoing feedback loop where you are constantly thinking about how you can improve on what you’ve done. This is my number one piece of advice. Always think about what you can do better, and ask yourself questions.– Elon Musk
“If you believe something is important enough, you will do it regardless of the odds.” – Elon Musk
Patience is a virtue and I am learning patience. It’s a hard lesson.– Elon Musk
Three Success Lessons From Elon Musk
These are three success lessons that we can all learn from Elon Musk.
1. Do not be afraid to put yourself in uncomfortable situations
Elon explained previously that he put almost all the money he received after PayPal was sold into other businesses. He took a huge risk and could easily have lost all of the money he had worked so hard for.
Musk was a visionary, and he didn’t hesitate to take the chance. It’s clear that it paid off, as Musk is now worth over 100 times what he received via PayPal 15 years ago.
“My PayPal acquisition net proceeds were $180 million. $100 million went to SpaceX, $70m to Tesla and $10m to Sol.ar City. “I had to borrow money to rent.” – Elon Musk
2. Focus On Building Amazing Products
Elon Musk = Incredible Products
PayPal, Tesla and SpaceX are all focused on being the best solution for each market they serve. Because of this focus, their success has been controlled by how great the final product is.
Realistically, if your final product is not good enough, then nothing else will make you as successful.
3. Follow the End Vision
Musk is changing the world. He uses space and automobile technology to revolutionize the world. Musk wants to make a difference and is doing so.
This was his vision, his goal, and he devoted all his energy to it when he had the funds. Your vision should be the only one you follow.
Elon Musk is known for taking risks. He invested almost all of the money he received from PayPal into SpaceX and Tesla to realize his dream.
Musk’s net worth is $140.4 billion. With his current companies all about the future, it is only going to increase.