Elon Musk was a South African-born American entrepreneur and entrepreneur who started X.com (later PayPal) in 1999, SpaceX in 2002 and Tesla Motors in 2003. The company, Zip2, Compaq Computer Division. In May 2012, Musk made headlines when SpaceX launched the first commercial vehicle to launch a rocket to the International Space Station. He strengthened his portfolio with his acquisition of the solar sector in 2016. He confirmed his position as an industry leader, playing an advisory role in the early days of President Donald Trump's administration. Initial life Musk was born on June 28, 1971, in Pretoria, South Africa. As a child, Musk became so lost in his daydreams of inventions that his parents and doctors ordered a test to test his hearing. When his parents divorced, at the age of 10, Musk became interested in computers. He taught himself how to program, and when he was 12, he sold his first software.
The 49-year-old entrepreneur's net worth rose from $ 7.2 billion to $ 127.9 billion, further boosting Tesla's share price. Most of the people in the Bloomberg Billionaires Index, a ranking of the 500 richest people in the world, have added $ 100.3 billion to his net worth this year. In January, he finished 35th. The electric vehicle maker has largely contributed to the rise in his fortune, with Tesla shares still having a market value of $ 500 billion after a further rally on Tuesday. About three-quarters of his net worth is made up of Tesla shares, which are more than four times as valuable as his shares in the Space Exploration Technology Corporation or SpaceX.
This marks only the second time in the eight-year history of the index, which is ranked below Gates No. 2, the co-founder of Microsoft Corporation. In 2017, he held the top spot for many years before being attacked by Jeff Bezos, the founder of Amazon.com. Gates has a net worth of $ 127.7 billion. He has donated more than $ 27 billion to his name base since 2006.
With Monday's move, Musk occasionally removes a verbal spy partner at Gates, mocking Tesla's millionaire on Twitter for having "no clue" about electric trucks. They both traded barber through Kovid-19. Gates' charity, a leading organization that supports vaccine research, has expressed concern about Musk's revelations about scepticism about epidemiology and embracing certain conspiracy theories.
The year was a lucrative one for the richest people in the world. Despite epidemics and widespread layoffs that have affected the world's working class and the poor unequally, members of the Bloomberg Index collectively accounted for 23%, or $ 1.3 trillion.
Those in the electric vehicle industry have become special beneficiaries. Zheng Yugun, president and vice president of contemporary Amperex Technology, China's largest electric car battery maker, said the combined wealth of Huang Shilin has increased by $ 18.8 billion year-on-year.
Companies owned by Elon Musk
- Zip 2 Corporation
Musk started his first company, Zip2 Corporation, in 1995 with his brother Kimball Musk. Zip2, an online city guide, will soon be providing content for new sites in the New York Times and the Chicago Tribune. In 1999, a division of Compaq Computer Corporation bought Zip2 for $ 307 million for $ 34 million and shares for $ 34 million.
- PayPal
In 1999, Elon and Kimble Musk used the proceeds from the sale of Zip2 to find X.com, an online financial services/payment company. The acquisition of X.com the following year led to the creation of PayPal. In October 2002, Musk earned his first billion dollars by acquiring $ 1.5 billion worth of shares in PayPal eBay. Before the sale, Musk owned 11 per cent of PayPal shares.
- SpaceX
Musk founded his third company, SpaceX Technology Corporation (SpaceX) in 2002, intending to build spacecraft for commercial space travel. By 2008, (SpaceX) was well established, and NASA awarded the company the contract to transport cargo to the International Space Station with plans for future space transport, replacing space shuttle operations.
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