Elon Musk: net worth, life, quotes and advice 🆙

Let's discover heritage, life, career, quotes and advice from Elon Musk, the visionary entrepreneur behind Tesla, SpaceX, SolarCity and The Boring Company

Elon Musk's Equity and General:

Full name:	Elon Reeve Musk
Net Assets:	$ 31,2 billion
Age:	48
Date of Birth:	June 28 1971
Country of origin:	South Africa
Richness' fountain:	Entrepreneur / Investor
Last update:	2020

Elon Musk is a tycoon, investor, engineer and inventor of South African origin, with Canadian and naturalized US citizenship.

Musk has been a part of many successful startups; he is the founder and executive of SpaceX, Tesla, Neuralink and co-chairman of OpenAI.

Most people will know that Elon Musk's original success stems from the founding of PayPal, now one of the most widely used payment gateways on the internet.

Elon Musk's net worth is estimated at $31,2 million in 2020.

Youth

Elon Musk was born in Pretoria, South Africa on June 28, 1971. His mother was a Canadian model and his father a South African engineer. Elon has two younger siblings, Kimbal and Tosca.

At just 10 years old, Elon discovered his passion for computers. At age 12 he taught himself to program and created a video game called Blastar, which he sold to a magazine called PC & Office Technology for about $500.

The race

After dropping out of Stanford University to pursue entrepreneurship, Elon Musk along with his brother Kimbal founded Zip2.

Zip2 was a web software company that developed and marketed an "internet guide" aimed at the publishing industry. The company received contracts from the Chicago Tribune and the New York Times and was eventually sold to Compaq for $307 million.

With $22 million in his pocket from the sale of Zip2, Musk founded X.com, an email payment company. This later became PayPal's note, when X.com merged with Confinity.

PayPal became the largest online payment company and was acquired by eBay for $1,5 million. Musk was now 165 million richer.

From that moment on, Elon Musk began to pursue his goal of changing and improving the world, investing in Tesla, founding SpaceX and Solar City.

The success of these three companies is growing month by month and is responsible for the sudden increase in Elon Musk's net worth.

SpaceX is advancing aerospace technology, aiming to reduce the cost of flying to space for humans by at least 10 times.

Tesla is focused on solving the fossil fuel crisis in the automotive industry by developing modern and affordable electric vehicles.

Solar City is the second largest provider of solar power plants in the United States.

Highlights:

Here are some of the highlights of Elon Musk's career:

1995: Moves to Silicon Valley
1999: sells Zip2 to Compaq for 307 million
1999 – Creates X.com which later becomes PayPal
2002: eBay buys PayPal for $1.5 million
2002 – Becomes a US citizen.
2002: fonda SpaceX
2008: Becomes CEO of Tesla
2012: Tesla puts the Model S into production

Elon Musk: the best quotes

"The most precious thing you can do is make a mistake: you will not learn anything by being perfect."

Elon Musk

“I think it's very important to be in a feedback loop, where you're constantly thinking about what you've done and how you could do better. I think that's the best advice I can give someone: constantly think about what you could do better, ask yourself."

Elon Musk

"Some people don't like change, but change needs to be embraced if the alternative is disaster."

Elon Musk

"When something is important enough, you try it even if the odds are not in your favor."

Elon Musk

“Patience is a virtue and I am learning it now. It's a hard lesson to learn."

Elon Musk

"Better to be late with a good product than to be early with a bad one."

Elon Musk

Successful lessons from Elon Musk

Now that you know all about Elon Musk's net worth and how he achieved success, here are 3 lessons we can all learn from the visionary Silicon Valley entrepreneur:

1. Don't be afraid to find yourself in awkward situations

Elon has stated on several occasions in the past that after the sale of PayPal he invested almost all the money received in other companies. He took an incredible risk and could easily have lost all the money he earned after enormous efforts.

However, Musk had a certain vision of the future and so he was not afraid to take risks. We all know his decision paid off, considering that 15 years later his net worth is more than 100 times the amount he received from the PayPal sale.

“I received $180 million from the PayPal sale. I invested 100 million in SpaceX, 70 million in Tesla and 10 million in Solar City. I had to borrow money to pay the rent. "
- Elon Musk

2. Focus on creating amazing products

Elon Musk = Amazing products.

PayPal, Tesla, SpaceX, Solar City; They all aspire to become the best solution in each of the markets they target. Its success comes from focusing on delivering an unprecedented end product.

The hard truth is that if your final product is not good enough, all efforts to achieve success will be in vain.

3. Pursue your ultimate goal

Elon Musk is changing the world; with aerospace and automotive innovation he is slowly revolutionizing reality as we know it. This is his goal and little by little this is making a difference.

This is his vision, his purpose, and ever since he obtained the necessary funds, he has been using all his energy to achieve it. You should always follow your own vision and never anyone else's.

Conclusions

Elon Musk is a man who takes risks. Even after the huge profits he made from the sale of PayPal, he has poured virtually all of that money into companies like SpaceX and Tesla to make his vision a reality.

Elon Musk's net worth is currently estimated at $31,2 billion, and with his current futuristic and cutting-edge companies, this number is sure to grow.

What do you think of Elon Musk's net worth and his success? Leave a comment below.