Charismatic, Brilliant, Dynamic, an exceptional freak of nature, these are the
ingredients to make one heck of a billionaire. We are talking about no other than the star of
the digital era “Elon Musk." Elon Musk has become the new emblem of innovation in the
modern era of technology, having his finger dipped in every recipe he knows how to shape the future.
A programmer, nonetheless, a tech genius and the greatest innovator of the 21st century,
but what made him come all this way is the real question here.
Hello, and welcome to "Smart Sense" where today
we are going to share the journey of our super innovator, investor, and above all,
the tech mogul of the 21st century- ELON MUSK. If you want to know more and be inspired,
then make sure you watch the whole video and hit the subscribe button if you already have not.
Elon Musk has recently took the title of world's richest man, and we have all the details on his
net worth. On Jan. 7, was reported that Musk unseated Amazon founder Jeff Bezos,
who had been the richest man in the world since 2017. According to Celebrity Net Worth,
Musk is currently worth $207 billion. The outlet also noted that he ended 2020 with a net worth of
$170 billion, which means that he gained more than $30 billion in just a matter of days.
Today we will be spreading his life throughout the years of
hard work and never-ending hunger for success. So, don't miss out on any moment, and let's begin.
Early Life:
Hailing from South Africa and later moving to Canada, Elon was born on June 28, 1971.
As his life story goes, He was bullied as a kid and later on became what his
bullies might regret now- An inspiration. Just at the age of 12, Elon had developed
a simple game called “Blastar” for a computer magazine for $500.
His early passion for computer programming had his success written in stone.
By the time he finished his studies, he was ready to pave his way to success.
First Achievement:
With his brother Kimbal, Musk launched ZIP2. With the help of some angel investors,
Musk tried his luck, and ZIP2 got off the ground, and Compaq bought ZIP2 with a
deal worth $341 million in cash and stocks, which made Musk 22 million dollars richer.
PayPal: But this was just the trailer.
The show was yet to begin. Using $10 million from ZIP2 sale,
he invested in his new venture X.com, an online backing company, in 1999.
Within a year, X.com merged with confinity (a financial startup) and formed one giant
named PayPal, to which Musk was now CEO. But as the saying goes, two steps forward,
one step back. Elon was then fired due to some complications between cofounders.
And the company was purchased by eBay in late 2002. While Elon was biggest shareholder,
he bagged $165 million in the sale. But this wasn’t the stop.
All this while, Elon had his eyes on the big game that was about to begin.
Musk was planning out his next big move, including a wild plan to home the neighboring planet. Yes,
that's huge, and far then one could think of at that time.
SpaceX:
In 2002, Musk founded the company known as Space Exploration Technology or famously known
as SpaceX, with $100 million from PayPal sale. His goal will change the future, and he knew it.
He was to pursue a path and build the technology that will make
spaceflight cheaper by a factor of 10. His long-term goal was to make affordable
colonization of mars. But his mad brainpower wasn't limited to travel the stars and
beyond. It was to make energy and life on earth more accessible and efficient.
Tesla Motors:
With the reports claiming that the world will run out of fossil fuels in 50 moe years
and eventually all many other resources for transportation, Elon was the very first
one to implement the idea of electric cars. In 2004, Musk made the first of $70 million
of total investment in Tesla, an electric car company co-founded by Exec Martic Eberhard.
By this time, you must know that Musk is the super investor besides being an innovator.
There was no taming his ideas and thought that fueled his hunger for success.
SolarCity:
Being a longtime supporter of sustainable and efficient technology, Elon
musk took his chance and invested 35 million dollars into
SolarCity. Another smart project which became a subsidiary of Tesla
Inc. And now generates $730 million annually. But it’s not always rainbows and sunshine.
Musk almost went broke between Tesla, Space X, and SolarCity in 2008.
Tesla kept losing money, and Space X was facing trouble launching its Falcon 1 rocket.
With all that seemed, a downfall Musk was living off his personal loans in 2009.
But hard work always bears the best fruit. By June 2010, Tesla held a successful initial
public offering and raised $226 million. To get himself back on track fiscally, he sold his shares
worth about $15 million in the same offering. In the meantime, Nasa had contracted SpaceX
with a $1.5 billion deal to deliver supplies into space, and Tesla had found new investors.
By the end of 2015, SpaceX had made 24 launches with the delivery of
resupplying the international space station. And with the SpaceX Falcon 9 making its very
first successful ocean landing in 2016, the world was ready to see the rise of Elon Musk.
Hyperloop:
With luck blessing his path, Musk had his side plans ready. He invested in Hyperloop,
a super-high-speed train that travels in a vacuum tube, which will theoretically
transport passengers in half the time they used to travel before.
The Boring Company:
And who doesn't love a private tunnel network to reach the destination with no traffic jams?
So, Elon started The Boring Company in 2016, with a mission to dig a network
of tunnels under and around cities for high-speed, no-traffic driving.
Open AI:
Back in 2015, Musk had also co-founded Open AI, a non-profit dedicated to private artificial
intelligence researches, which will develop supercomputing AI technology for its cloud.
Other Companies:
Many of his other companies shows how diverse and fearless he is when it comes
to putting his faith and money in new tech that will undoubtedly shape the future:
NEURALINK: Founded in 2016, Neuralink
develops implantable brain-computer interface gadgets for the treatment of brain diseases.
Elon was not only the co-founder of it but also invested $100 million in the company.
STRIPE: Founded in 2010, Stripe
is a web mobile-based payment processing platform that allows individuals and businesses to accept
online payments. Now Stripe generates revenue of $1.8 billion, giving a tough competition to his
ex-venture PayPal. DEEPMIND:
Not to mention too much for a person scared of AI. Elon indeed is the guy to turn his
fears into commitments and face them while being at it. Elon invested $1.7 million.
Conclusion:
With SpaceX, now valued at nearly $36 billion and Tesla worth at $395 billion,
and his other companies generating revenues in millions and billions as well,
Elon is considered the 7th richest man in the world. All his ventures speak of his excellence
as well. And with many of his step back we believe that sometimes fall is necessary
to get back up and see things differently. He often says this that he doesn't do anything
for money but for solely for his passion for making the impossible happen. And so he did.
That was all about the rise of our tech mogul from a couple of hundred bucks to
billionaires. With his constant support for innovation and zest for up and beyond motive,
Elon Musk is the apple of everyone’s eye. Because of his ardent support for tech prodigies and his
passion for making the future happen now, his name will always remain as the one in a million.
Let us know what you think about his life achievements so far in the comments below.
Make sure you hit the like button and subscribe to our channel. Hit the bell
icon to be notified every time we post. For more videos, stay tuned and goodbye for now.