Elon Musk Net Worth

Elon Reeve Musk FRS is an entrepreneur and business magnate. He is the founder, CEO and Chief Engineer at SpaceX

What is Elon Musk net worth?

Net Worth: $79.4 Billion
Age: 49
Born: June 28, 1971
Country of Origin: South Africa
Source of Wealth: Entrepreneur/Investor
Last Updated: 2020

As of 2021, Elon Musk’s net worth is estimated at $79.4 billion.

Elon Musk is a South African-born Canadian American business magnate, investor, engineer, and inventor.

Musk has been a part of many successful startups; he’s the founder, CEO, and CTO of SpaceX; CEO of Tesla Inc.; co-chairman of OpenAI; founder and CEO of Neuralink.

Most people will know that Elon’s original success came from founding PayPal, now one of the most commonly used payment gateways on the internet.

Early Life

Musk was born on June 28, 1971, in Pretoria, South Africa. As a child, Musk was so lost in his daydreams about inventions that his parents and doctors ordered a test to check his hearing.

At about the time of his parents’ divorce, when he was 10, Musk developed an interest in computers. He taught himself how to program, and when he was 12 he sold his first software: a game he created called Blastar.

In grade school, Musk was short, introverted and bookish. He was bullied until he was 15 and went through a growth spurt and learned how to defend himself with karate and wrestling.

Family

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Musk’s mother, Maye Musk, is a Canadian model and the oldest woman to star in a Covergirl campaign. When Musk was growing up, she worked five jobs at one point to support her family.

Musk’s father, Errol Musk, is a wealthy South African engineer.

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Musk spent his early childhood with his brother Kimbal and sister Tosca in South Africa. His parents divorced when he was 10.

Education

At age 17, in 1989, Musk moved to Canada to attend Queen’s University and avoid mandatory service in the South African military. Musk obtained his Canadian citizenship that year, in part because he felt it would be easier to obtain American citizenship via that path.

In 1992, Musk left Canada to study business and physics at the University of Pennsylvania. He graduated with an undergraduate degree in economics and stayed for a second bachelor’s degree in physics.

After leaving Penn, Musk headed to Stanford University in California to pursue a PhD in energy physics. However, his move was timed perfectly with the Internet boom, and he dropped out of Stanford after just two days to become a part of it, launching his first company, Zip2 Corporation in 1995. Musk became a U.S. citizen in 2002.

Favorite Elon Musk Quotes

Some people don’t like change, but you need to embrace change if the alternative is disaster.” – Elon Musk

I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.”  Elon Musk

When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk

‘Patience is a virtue, and I’m learning patience. It’s a tough lesson.”– Elon Musk

Success Lessons from Elon Musk

Don’t Be Afraid to Put Yourself in Uncomfortable Situations

Elon has previously explained that after the sale of PayPal; he invested almost all of the money he received into other companies. He took an incredible risk, and could have easily lost all the money he worked so hard to attain in the first place.

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However, Musk had a vision, and that’s why he wasn’t afraid to take the risk. We all know how well it’s paid off for him, considering that 15 years later he’s worth more than 100 times the amount he received from PayPal

Focus On Building Amazing Products

Elon Musk = Amazing products.

PayPal, Tesla, SpaceX, Solar City; they all have the main focus of being the best solution out there to each individual market they target. Hence, they’ve become so successful because said focus has controlled just how good the end product is.

The reality is that if your end product isn’t good enough, nothing else you do will help you achieve the same level of success.

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