May 24, 2022

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How Elon Musk became the richest man in the world? stages

You are big on armor. You removed that thing?“.”Genius, billionaire, playboy, philanthropistPart of thePlayboyThis conversation between Captain America and Tony Stark appeared on Avengers subordinate 2012 Fits perfectly with the picture Elon Musk Built by himself in recent years. born in 1971 In Pretoria, South Africa, the world’s richest man interpreted a philosophy disruptive innovationTo enter the beginning of a new market and establish itself quickly with products that are clearly better than the competition. to me Forbes Her legacy has come 273.6 billion dollar. And now his portfolio can grow even later Twitter buy.

To understand the proportions of this wealth, try this calculation. If you were born in 3500 a. c. And every day I give you 10 thousand dollarsLive so far and don’t spend one dollarnow you won’t even have to 10 percent From all the heritage of Musk. On the other hand, if you prefer another standard, consider that Elon Musk alone can guarantee Italy at least six financial maneuvers (counting the years without disasters). Despite this, Musk is not known for having private islands and multi-million dollar homes. exactly the contrary. In the June 2021 He said his main house was a prefab worthy 50 thousand dollars in Boca Chica, Texas. Accommodation has been chosen to be closer to the area where SpaceX is testing its rockets.

First Millions with Zip2

Elon Musk in the early 90’s

The Paperonian equivalent of Numero Uno is a company called Zip2. In the 1995 Elon Musk started his Ph.D. in applied physics and materials science at Stanford University, California. Two days after starting his Ph.D., Musk decided to quit his studies to found a software company with his brother Kimball. The company had to provide newspapers with guides to publish on the web in some US cities. Newspapers are interested and a contract also arrives with The New York Times. The two brothers decided to sell the company and Musk for his stake in 7 percent He managed to bring his first courses home $22 million.

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Sell ​​PayPal to eBay

After this debut in the world of entrepreneurship, Musk started the project that would allow him to enter the first division big technology. With money from the sale of Zip2, he founded PayPal, an online payment system located in 2002 Bought by eBay for $1.5 billion. With this acquisition the legend of PayPal Mafia will begin. All the 14 Entrepreneurs Those involved in this project subsequently helped found the companies that marked Silicon Valley’s history. From PayPal money, companies like LinkedIn, YouTube, Yelp and Palantir Technologies were born. In the 2007 PayPal Mafia has also been enshrined by an article he published luck who filmed all these entrepreneurs pretending to be gangsters. Musk did not participate in the filming.

The photo was published in “Fortune” magazine, which honors Paypal Mafia

Crown Jewels: Tesla and SpaceX

In the years after Paypal, Musk built all his fortune. In the 2002 was established SpaceX In the 2004 entered into Tesla. SpaceX now boasts decades of billions of dollars With the US government – a major funder of Musk’s work – and some notable records, such as being the first private company to bring astronauts to the International Space Station. But Musk’s long-term goal for this company is more ambitious. As told in the documentary Netflix On the mission Innovation 4The real project is to reach Mars and allow the human race to become multi-planetary, in order to ensure its survival even if the terrestrial ecosystem is destroyed.

With short-term goals, Tesla has become a case study across financial cycles. Your stock value increased by less than 50 dollars In the September 2020 to more 1200 dollars In the November 2021. On Twitter you can still find users who, to prove their ability to analyze the financial market, write in their bio that they have been Tesla investors ever since. 2020. Moving on to more concrete moves, the electric car company just opened a Giga plant in Texas. According to Musk, the foundation is big three times The area occupied by the Pentagon.

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Self-proclaimed TecnoKing

Sure enough, paying little taxes was good for his fortune. According to the site ProPublica, between 2014 and 2018 for $14 billion in asset growth, Musk had paid just 455 million in taxes, even zero in 2018. At the same time, the visionary entrepreneur worked a lot on his public image. with him 81 million followers On Twitter, his ability to command attention is unquestionable. Let’s round up some of Musk’s work in recent years in no particular order: he called one of his sons a sports formula, sent a Tesla into space, declared himself TecnoKing, enabled a fun-bred cryptocurrency for Tesla payments, smoked during podcasts, and at one point seemed Convinced that the pyramids were built by extraterrestrials. In all of this, he did not forget to remember Jeff Bezos To be ahead of him in the ranking of billionaires, as happened inOctober 2021 When I tweeted a founder silver medal Amazon. In the March 2022 Musk also participated in supporting the Ukrainian resistance, providing Kyiv with everything needed technology needed To access the Internet thanks to the Starlink satellite network.

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