Elon Musk: Net Worth, Companies, Relationship with Amber Heard, Quotes etc

If you have heard of silicon valley, then you must have heard of Elon Musk. Know about a child destined to be a future billionaire. Elon Musk is a person with an unbeatable spirit.

This is the story of the global business tycoon. And, if you’ve ever wondered about how is it like to be Elon Musk, Then, here’s everything you need to know like his dating history, lifestyle, passion and much more.

Elon Musk
Elon Musk

Elon Musk Short Bio

Originally, Elon Reeve Musk FRS is a world-famous entrepreneur and investor. The South African-born American business tycoon holds the citizenships of South African, Canadian, and the U.S.A. He is the former co-founder of PayPal, the electronic-payment firm. The founder of SpaceX, Tesla, The Boring Company, NEURALINK, and OpenAI.

Early Life

Elon Musk was born on 28 June 1971 in Pretoria, South Africa. Born to South African father Errol Musk and Canadian mother Maye Musk. By profession, his father was an engineer and his mother was a model. Since an early age, he nurtured the entrepreneurial spirit in him and pursued an interest in the computer.

At the age of 12, he built a video game then sold it to a computer magazine. Musk officially became a Canadian citizen in 1988 through his mother. Unwilling to support apartheid which was a compulsory military service, he left South Africa after obtaining the Canadian passport.

On top of that, Musk always sought great economic opportunity offered by America and Canada was a gateway to it.

Education

Initially, Elon Musk joined Queen’s University located in Kingston, Ontario. However, later transferred to the University of Pennsylvania, Philadelphia enrolling in bachelor’s degrees in physics and economics. He graduated in 1995. To pursue higher studies, he attended Stanford University in California at the graduate school in physics.

Running a nightclub at the college house

At the University of Pennsylvania, Musk the future billionaire and Andeo Ressi, his roommate who is an entrepreneur and investor ran a nightclub. Yes, it is true. Musk and his roommate totally converted their college house into a nightclub to pay the rent. Musk always had a knack of making money.

The First Venture “Zip2”

Musk is a rolling stone. Within just two days of enrollment, he left the course. He saw a bigger potential on the internet to change the world than working in physics. With new vision and enthusiasm the same year, Musk founded Zip2. It was maps and business directories providing company to online newspapers.

A few years later in 1999, Zip2 was sold for $307 million to Compaq, the computer manufacturer.

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PayPal and SpaceX

After the first venture soon Elon Musk founded his second one. This time, it was an online financial services company named X.com. Later, X.com changed to PayPal. PayPal is specialized in online money transfer services. In 2002, the company was bought by eBay at the whopping price tag of $1.5 billion.

With two successful company sold Elon Musk was left with only money. It was time to move onto the next one. Musk always believed that for the existence of life, the human has to be a multiplanet species. But to make it possible, the reality was against it. Rocket launchers were the great expense.

Elon Musk Paypal
Elon Musk Paypal

With a new mission, Musk founded SpaceX. it denotes Space Exploration Technologies. With the aim of making more affordable rockets, SpaceX crafted the first rocket Falcon 1, initially launched in 2006. But failed within 33 seconds of taking a flight. SpaceX again failed in the second and the third attempt miserably.

Consecutive three losses almost killed the SpaceX. Now, Elon Musk was left with two option, either, to go for the fourth launch and to lose it all or give up and settle with left over. The chance of success was thin but Musk was confident to make it this time.

Elon Musk SpaceX
Elon Musk SpaceX

The 4th Falcon 1 rocket, launched on September 28, 2008, and it made a successful flight reaching the Earth orbit. SpaceX made a history with achieving Earth orbit with the first liquid fuel rocket. Things changed, by the end of the same year on December 23, NASA offered a 1.6 billion dollar contract for handling the cargo transport for the International Space Station.

SpaceX came up publicly with Reusable Launch System Program. Although, it received success in December 2015. The company is working on to develop a fully reusable rocket that can fly and land on its launch pad. Elon Musk serves as a CEO and chief designer at SpaceX.

Tesla

Musk is also into the automobile industry. One of the major investor of Tesla, an electric cars company founded by Marc Tarpenning and  Martin Eberhard. Tesla came up with Roadster, its first car which travels 394 km/245 miles on a single charge. A sports car with a capacity of traveling 0 to 60 miles/ 97 km in an hour in less than 4 seconds.

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Tesla Offered initial public offering (IPO) raising $226 million. Tesla came with a critically acclaimed new car named Model S sedan in 2011. The new Model X luxury SUV was equally praised hitting the market in 2015.

Elon Musk Tesla
Elon Musk Tesla

The more affordable vehicle, Model 3 has been to production since 2017. However later, as a result of Tesla being publicly traded Musk showed a reservation towards it. In fact, in August 2018 he was seen with a tweet  “secured funding” talking about taking Tesla private. Later the following month, Musk was charged in the case of securities fraud for posting misleading tweets.

In response, Tesla’s board declined the SEC’s proposed settlement after Musk threatened to resign. As soon as the news reached the public the Tesla stock plunged heavily. Under an unfavorable circumstance, Tesla has accepted harsh deals. And Elon Musk is now continuing with Tesla as the chairman, dropping from a CEO position out of his own will.

Probably the Future Project

Elon Musk came up with an idea of replacing high-speed rail system with an estimated cost of $68 billion. It is the Hyperloop, a pneumatic tube with a pod capacity of 28 passengers traveling in the speed of 760 miles/1,220 km an hour. Traveling nearly in the speed of sound. It is said that the pods depart in every 2 minutes on average.

It is also believed the new alternative can accommodate 6 million travelers every year. In spite of, Musk cited he is unable to devote time for the project.

Elon Musk Net Worth

Elon Musk is a business tycoon owning numbers of companies. So far in his entrepreneurial journey, he has an earned himself $22.5 billion as of 2018 according to Forbes.

Elon Musk net worth is $22.5 billion as of 2018 according to Forbes.

Elon Musk and Amber Heard Relationship

The Tesla CEO and the Justice League actress broke up last year summer. The rumor of their dating relationship came to light after being sighted publicly for numbers of times since months. It was after the actress filed a divorce with her husband, Johnny Depp. Similarly was the case with Musk as he filed for a divorce with his wife, Talulah Riley.

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Although, they are not seeing each other now. In one of the interviews of Elon Musk, he heavily shared about his breakup with Amber Heard. He cited,

“I just broke up with my girlfriend,” Musk told him. “I was really in love, and it hurt bad…Well, she broke up with me more than I broke up with her, I think.”

 Quotes

  • “When something is important enough, you do it even if the odds are not in your favor.”
  • “If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.”
  • “There have to be reasons that you get up in the morning and you want to live. Why do you want to live? What’s the point? What inspires you? What do you love about the future? If the future does not include being out there among the stars and being a multi-planet species, I find that incredibly depressing.”
  • “When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.”
  • “Persistence is very important. You should not give up unless you are forced to give up.”
  • “It’s OK to have your eggs in one basket as long as you control what happens to that basket.”
  • “If you go back a few hundred years, what we take for granted today would seem like magic being able to talk to people over long distances, to transmit images, flying, accessing vast amounts of data like an oracle. These are all things that would have been considered magic a few hundred years ago.”
  • “We’re going to make it happen. As God is my bloody witness, I’m hell-bent on making it work.”
  • “The first step is to establish that something is possible; then probability will occur.”
  • “I think it is possible for ordinary people to choose to be extraordinary.”
  • “I could either watch it happen or be a part of it.”

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