Elon Musk is a South African-conceived American business person and money manager who established X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. Musk turned into a multimillionaire in his late 20s when he sold his new business, Zip2, to a division of Compaq Computers.

Musk stood out as truly newsworthy in May 2012, when SpaceX sent off a rocket that would send the principal business vehicle to the International Space Station. He reinforced his portfolio with the acquisition of SolarCity in 2016 and solidified his remaining as a head of industry by taking on a warning job in the beginning of President Donald Trump's organization.

In January 2021, Musk supposedly outperformed Jeff Bezos as the richest man on the planet.

Early Life

Musk was brought into the world on June 28, 1971, in Pretoria, South Africa. As a kid, Musk was so lost in his fantasies about developments that his folks and specialists requested a test to really look at his hearing.

Zip2 Corporation

Musk sent off his most memorable organization, Zip2 Corporation, in 1995 with his sibling, Kimbal Musk. A web-based city guide, Zip2 was before long giving substance to the new sites of both The New York Times and the Chicago Tribune. In 1999, a division of Compaq Computer Corporation purchased Zip2 for $307 million in real money and $34 million in investment opportunities.

PayPal

In 1999, Elon and Kimbal Musk utilized the cash from their offer of Zip2 to establish X.com, a web-based monetary administrations/installments organization. A X.com obtaining the next year prompted the formation of PayPal as it is known today.

In October 2002, Musk procured his initial billion when PayPal was obtained by eBay for $1.5 billion in stock. Before the deal, Musk claimed 11% of PayPal stock.

SpaceX

Musk established his third organization, Space Exploration Technologies Corporation, or SpaceX, in 2002 fully intent on building rocket for business space travel. By 2008, SpaceX was deeply grounded, and NASA granted the organization the agreement to deal with freight transport for the International Space Station — with plans for space explorer transport from now on — in a transition to supplant NASA's own space transport missions.

Tesla Motors

Musk is the prime supporter, CEO and item planner at Tesla Motors, an organization shaped in 2003 that is devoted to creating reasonable, mass-market electric vehicles as well as battery items and sunlight based rooftops. Musk manages all item improvement, designing and plan of the organization's items.

SolarCity

In August 2016, in Musk's proceeding with work to advance and progress supportable energy and items for a more extensive purchaser base, a $2.6 billion dollar bargain was set to consolidate his electric vehicle and sun powered energy organizations. His Tesla Motors Inc. declared an all-stock arrangement acquisition of SolarCity Corp., an organization Musk had assisted his cousins with beginning in 2006. He is a greater part investor in every substance.

"Sun oriented and capacity are at their best when they're joined. As one organization, Tesla (stockpiling) and SolarCity (sun oriented) can make completely coordinated private, business and framework scale items that further develop how energy is created, put away and consumed," read a proclamation on Tesla's site about the arrangement.

Twitter