Elon Musk is a famous entrepreneur. This article talks about his path to success.
Elon Musk has been the talk of the town for several years now. Despite the difficulties, his extraordinary achievement has left many people in awe. He is known for founding SpaceX while also managing the operations of his other company, Tesla Motors. His amazing performance in the field has led to comparisons with Bill Gates, Steve Jobs, and others.
Elon Musk’s success was well-drafted by himself despite his difficult childhood. However, his relentless work ethic played a major role in Elon Musk’s success story. In this article, we take a look at Elon Musk’s early life, education, and career timeline
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Elon Musk’s Early Life
Elon Musk was born on June 28, 1971. He was born in one of the three capitals of South Africa, Pretoria. He is the eldest of three siblings. Elon Musk’s father Errol Musk is a successful engineer and his mother Maye Musk was a model and nutritionist. His brother, Kimball Musk, is an environmentalist and venture capitalist. Elon’s sister, Tosca Musk, is an award-winning director and producer.
Elon started school about a year ago. He attended Waterkloof House Preparatory School. He then graduated from Pretoria Boys High School. Elon Musk’s parents divorced when he was 10 years old. Elon Musk was an intellectually good student in school and had a tough time. He has very few friends from the Afrikaner culture. As Elon faced many adversities growing up, he grew up to be a firm believer that adversity is necessary to shape a person.
Elon Musk was bullied during his time at Waterkloof House and Pretoria Boys High. He said, “They managed to trick me into ambushing my best friend to attack me. And, it hurts.” Elon added, “For some reason, they decided it was me, and they’re going to go after me all the time. That’s what made it hard for me growing up. For years, there was absolutely no rest. At school. The gangs that tried to beat me chased me away, and then I come here and it’s going to continue to be terrible.”
Elon’s educational journey
After finishing high school, Elon Musk went on to pursue his interest in physics and economics. He spent two years at Queen’s University in Canada. After these two years, he transferred to the University of Pennsylvania. He went on to pursue two majors at this university. Pursuing a dual degree can usually require a lot of work, leaving no room for other activities, and he made sure to make time for activities outside of his university studies. Elon and his fellow classmate bought a 10-bedroom fraternity house that they used as a makeshift nightclub.
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Elon Musk holds a Bachelor of Science in Physics and a Bachelor of Arts in Economics from the Wharton School in Pennsylvania. These two degrees helped Elon build his career. He strongly believes that physics is an ideal framework for his thinking as it helps to explore and understand fundamental truths. It also helped him brainstorm some business ideas and gauge the success of his ideas.
Later, when Musk was 24, he moved to California to pursue his Ph.D. in Applied Physics from Stanford University. While he was starting his Ph.D. Very exciting and future oriented program, he left this program in 2 days. The Internet boom in Silicon Valley was the factor that made him leave. An entrepreneur by nature, he began developing great ideas that revolved around the birth of the Internet.
Personal life of Elon Musk
Musk’s first marriage was to Canadian writer Justin Wilson in 2000, and after divorcing Justin in 2008, he married English actress Taulah Riley in 2010. He remarried Riley in 2013 and the marriage lasted until 2016. Kasturi first had twin boys and then triplets. His first son, Nevada, died of sudden infant death syndrome when he was a 10-week-old baby. Musk is also reportedly dating actress Amber Heard. In 2018, he began dating Canadian musician Grimes, who later announced that she was pregnant with child X Æ A-12. The Tesla founder is a father of seven children, with baby X Æ A-12 being the youngest at 19 months.
A business for business
Elon Musk dipped his toes into several ventures and led them to success. Here is a timeline of his journey with business and entrepreneurship.
In 1995, Elon Musk and his younger brother Kimbal Musk started a company called Zip2. Zip2 licensed city guide software for newspapers. In 1999, Compaq’s AltaVista acquired Zip2 for $340 million. This was a great exit for Elon Musk as this purchase led to the creation of X.com.
Elon Musk co-founded X.com with Harris Fricker, Ed Ho and Christopher Payne. The company was an online bank that later merged with Confinity Inc. This merger led to the launch of another great company.
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The X.com-Confinity Inc merger created PayPal. PayPal is one of the most popular platforms for making online payments. During his time at PayPal, he pitched his idea of the operating system to CTO, Max Lechin. Musk was later fired from the company as CEO. Later, PayPal was bought by eBay for $1.5 billion.
After Elon was fired from PayPal, he went on to bring his vision of the future of electric cars to life. He went on to raise funds for Tesla and launched the company in 2003. The main objective behind Tesla Motors was to change the automobile industry from combustible energy to clean and green energy.
The Tesla Roadster, the first electric car, was finally launched. In 2007, Eberhard, a co-founder of Tesla Motors, was fired from the company due to several disagreements with Elon Musk. Musk later took over the company’s management as CEO and product architect.
While managing Tesla’s operations, Elon Musk simultaneously launched Space X. He won high-profile contracts with the US Air Force and NASA to design rockets. He also undertook projects to conduct military operations. Musk plans to send an astronaut to Mark by 2025 with the help of NASA.
Elon Musk’s success has been an inspiration to many entrepreneurs and businessmen. Elon Musk’s success story consists of several challenges. However, Elon always found a way to bring about a successful outcome and fulfill his vision for the company he launched.
Is it profitable to enter the business field?
The success of a business depends only on the nature of the business and the demand for the product or service that the business provides.
Does Elon Musk have a Ph.D.?
Elon Musk started as a Ph.D. in applied physics at Stanford University but dropped out of the program.
What was Elon Musk’s first company?
Elon Musk founded Zip2 in 1995 with his younger brother.
What is the net worth of Elon Musk?
Elon Musk’s net worth is USD 16,520 crore.
Where did Elon Musk graduate?
Elon Musk graduated from the University of Pennsylvania with a degree in Physics and Economics.