Elon Musk the richest man in the world
Elon Musk was a successful entrepreneur and considered one of the richest people in the world, whose fortune is estimated at more than $300 billion in 2022. In this article, we will share with you the story of Elon Musk, Iron Man.
Elon musk timeline
The birth of Elon Musk
Elon Musk was born on the 28th of June 1971 in Pretoria, South Africa. Musk spent his childhood in South Africa and at the age of nine got his first personal computer. At the age of 12, he made his first computer game, Blastar, and made $500 for it.
Elon Musk Study
1989, Elon Musk moved to Canada, at the age of 19 he entered a university in Kingston, Ontario. In 1992 he was able to move to the United States. He received a Bachelor of Science in Physics and also a Bachelor of Science in Economics.
The beginning
In 1995, Elon Musk made the most important decision of his life. Together with his brother Kimbal Musk, he founded Zip2. Musk worked very hard, working from early morning until late in the evening. He lived in the same warehouse and bathed in the locker rooms of a local stadium. He amassed savings and kept the company afloat for the first two years of her difficult life.
In 1999, Musk started working on electronic payment systems and wanted to develop them. X.com became his new company. In 2000, X.com merged with his rival company Confinity, creating the first digital wallet. In 2001, X.com was renamed PayPal, and Elon Musk became PayPal's CEO. 2002 eBay buys PayPal for $1.5 billion. Elon Musk received $180 million for his PayPal stake.
- tesla motors
In 2003, Tesla Motors was founded and Elon Musk entered the project in 2004, investing $70 million. After this investment, he became the Chairman of the Board of Directors. Musk co-designed their first electric vehicle, the Tesla Roadster. He reduced the vehicle's weight by using carbon-fiber composite materials in the chassis and developed the battery unit as well. By 2006 Musk was awarded the 2006 Global Green Award for product design Tesla Roadster.
In December 2007 heading the company himself, Ze'ev Drori was appointed CEO and President of Tesla Motors. Elon Musk was a much better CEO and successor to Ze'ev Drori. Drury became Vice Chairman and left the company in December 2008.
Elon Musk's goal was to cut car costs. He cut staff, demanded lower prices from suppliers, closed some offices, and as a result, the Tesla Roadster saw the world in 2008 with a minor - less than $20,000.
Tesla experienced a very big crisis and Musk was on the verge of bankruptcy and at the time he divorced his wife and rescued Tesla Motors, Musk received additional money during a deal in exchange for Dell's acquisition of software development company Everdream for $120 million; He invested his last $20 million in Tesla Motors. Automaker Daimler made a $50 million investment in Tesla and helped save the company.
After this period, Tesla witnessed a very big development in the car market and the manufacture of large types of multiple models, which led to a huge increase in the company's shares.
- SpaceX
In 2002, SpaceX was founded in Hawthorne, California, USA.
Where Elon Musk was obsessed with colonizing Mars, going to planets, and creating life on Mars, 2006-2008, the first three attempts to fly failed. During its fourth attempt, Falcon 1 reached its fourth, and if the fourth launch also fails, SpaceX will never be around.
On April 08, 2016, after four failed attempts, Iron Bull Mask never gave up. SpaceX made history by landing the first stage of its Falcon 9 rocket on an unmanned ship at sea. Here, Elon Musk showed that SpaceX can reuse rockets in the future, which means cost savings for the company.
Musk is working during this period to create life on Mars, which he says can last up to 100 years for the success of the project and the challenge is to reduce the cost of the trip per passenger by more than $200,000 even. Based on the traditional spaceflight model, the cost per passenger is $10 billion.
After the success of these two companies, SpaceX and Tesla, after a very successful deal, Elon creates new projects each time surprising us with a new project and a new idea as he has expanded his investments and now has a net worth of more than $300 billion. He is expected to become the world's first trillionaire.
Musk is a role model and of course, we need some of his quotes:
"You must take the approach that makes you wrong. Your goal is to be as wrong as possible."
"Summarize things with basic facts, and then make use of the logic from there."
"Will this activity lead to a better product? If not, stop those efforts."
"Failure is an option here. If things don't fail, you're not innovating enough."
"I thought if I could live on $1 a day, at least from a food standpoint, it's very easy to earn $30 a month."
“If something is important enough, even if the odds are against you, you should still do it.”
conclusion
The formula for success is an equation that is not easy to obtain, it requires great effort, and it is impossible to succeed the first time, but you will fail, then fail, then fail, and after each failure, you become stronger and more.
And after this failure, it will help us become stronger to overcome any obstacle whatsoever
We hope to help you learn about the life of Iron Man Elon Musk. If you want any stories about any character, write the name of the character and we will try to respond to you through a full article
Thanks for reading ❤
After the success of these two companies, SpaceX and Tesla, after a very successful deal, Elon creates new projects each time surprising us with a new project and a new idea as he has expanded his investments and now has a net worth of more than $300 billion. He is expected to become the world's first trillionaire.
Musk is a role model and of course, we need some of his quotes:
"You must take the approach that makes you wrong. Your goal is to be as wrong as possible."
"Summarize things with basic facts, and then make use of the logic from there."
"Will this activity lead to a better product? If not, stop those efforts."
"Failure is an option here. If things don't fail, you're not innovating enough."
"I thought if I could live on $1 a day, at least from a food standpoint, it's very easy to earn $30 a month."
“If something is important enough, even if the odds are against you, you should still do it.”
conclusion
The formula for success is an equation that is not easy to obtain, it requires great effort, and it is impossible to succeed the first time, but you will fail, then fail, then fail, and after each failure, you become stronger and more.
And after this failure, it will help us become stronger to overcome any obstacle whatsoever
We hope to help you learn about the life of Iron Man Elon Musk. If you want any stories about any character, write the name of the character and we will try to respond to you through a full article
Thanks for reading ❤