Skip to main content

Facts about Elon Musk: The World's Richest Person

A business tycoon, investor, and philanthropist, Elon Musk is ranked as 2022 world's richest person with a net worth of $219 billion as per the Forbes' annual World Billionaires list.

Who is this billionaire who is interested in buying one of the largest social media networks in the world? That is, Twitter? And the man who wants to make it possible to get man back on the moon again, and someday on Mars, and offer a chance in a lifetime of touring space?

Elon Musk - The Summit 2013

Elon Musk - The Summit 2013

Early Years of Elon Musk

Elon Reeve Musk, commonly known as Elon Musk, was born to a Canadian mother and white South African father, in Pretoria, South Africa, on June 28, 1971.

He attended Waterkloof House Preparatory School, Bryanston High school, and Pretoria Boys High School.

His parents divorced when he was 10 years-old. It's during this time Elon gained an interest in computer and videos games. He taught himself computer programming, using a manual, and at the age of 12, sold his first software, a computer game called Balastar, to PC and Office Technology magazine for approximately $500.

At the age of 17 (June 1989), Elon moved to Canada. He stayed with a cousin for 1 year doing odd jobs at a farm and lumber-mill.

He enrolled at Queen's University, Kingston, Ontario, Canada, in 1990, and two years later, transferred to the University of Pennsylvania, Philadelphia, Pennsylvania, U.S.A. He graduated from the university, in 1994, with a Bachelor of Arts degree in Economics and Physics.

In 1995, he enrolled for a postgraduate degree at Stanford University, California, USA, but two later he abandoned his course to venture into the Internet business.

Internet Businesses Owned by Elon Musk

a) Zip2

Founded in Palo Alto, California, in 1995, as a Global Link Information Network, Zip2, a web software company, provided online presence services to local businesses. Nearly-similar to Yellow pages telephone directory, Zip2 offered business directory services complemented with a map to guide an individual in locating a local business.

Later, they expanded their services to newspapers by aiding them in designing online city guides.

Founded by Elon Musk, his brother, Kimbal, and Greg Kouri, the startup was bought by Compaq in 1999 for $307 million.


Was an online payments company founded in March 1997 by Elon Musk, Ed Ho, Harris Cricket, and Christopher Payne.

In March 2000, merged with Confinity Inc., a software company. The company was founded in December 1998 by Max Levchin, Luke Nosek and Peter Thiel. It was initially a Palm Pilot payments and cryptography company.

In late 1999, Confinity launched PayPal, an online payment system. When the two companies merged, was preferred but was later changed to PayPal.

In 2012, eBay bought PayPal for $1.5 billion. In July 2015, PayPal was spun off, and thereby attained the status of an independent company.

c) SpaceX

An aerospace company founded by Elon Musk, in 2002, Space Exploration Technologies Corporation is an aerospace company dealing with designing, manufacturing, and launching advanced rockets and spacecraft.

Scroll to Continue

It provides transportational services to people wanting to pay a visit to International Space Station (ISS), including delivering cargo and NASA crews to the space station.

Elon has a far-wide ambition for the company: build larger rockets called spaceships that'll be capable of transporting astronauts to moon, and in the distant future, Mars, and bring them safely back to earth. "Some spaceships will be designed for Mars and Moon exploration, space tourism and fast transportation around Earth. Others will be created for transporting large payloads, both for the Artemis missions to the moon and eventual Mars exploration," states What Is.

The private spaceflight company has achieved several milestones. As a private company, it's succeeded in returning a spacecraft from low-Earth orbit, its Dragon spacecraft became the first commercial spacecraft to deliver cargo to and from the International Space Station, and the first private company to take humans to ISS.

d) Tesla Inc.

Was founded on July 1, 2003, by Elon Musk, Jeffrey B. Straubel, Martin Eberhard, and Marc Tarpenning.

Headquartered at Palo Alto, California, Tesla Inc. is involved in designing, developing, manufacturing, and sale of electric vehicles, energy generation and storage systems.

e) The Boring Company

An infrastructure and tunnel construction company, The Boring Company was formed as a subsidiary of SpaceX in 2016 by Elon Musk. However, the company gained an indepedent status in 2018.

The company is involved in building underground transportation networks. Its mission is to "solve traffic, enable rapid point-to-point transportation and transform cities."

Why does Elon prefer tunnel transportation as opposed to surface transportation in building more road networks? It's stated on the company's website that to "solve the problem of soul-destroying traffic, roads must go 3D which means either flying cars or runnels are needed. Unlike flying cars, tunnels are weatherproof, out of sight, and wing fall on your head."

"Tunnels," they state, "minimize usage of valuable surface land and so not conflict with existing transpiration systems. A large network of tunnels can alleviate congestion in any city; no matter how large a city grows, more levels of tunnels can be added." Simply, "It is much simpler to extend a tunnel-based system than a surface-based system."

Furthermore, tunnels enable hyperloop networks which "unlock high-speed regional transportation surpassing other alternatives . Hypeelock enables access to individualized, point-to-point high-speed transportation."

What is loop, you might ask. Also referred to as 'Teslas in Tunnels,' they describe loop as "an all-electric, zero-emissions, high-speed underground public transportation system in which passengers are transported to their destination with no intermediate stops."

Elon Musk Introduces New Company, Neuralink, Which Plans To Merge Human Brains With Computers

Elon Musk Introduces New Company, Neuralink, Which Plans To Merge Human Brains With Computers

Headquartered in San Francisco, California, U.S., Neuralink is neural interface technology founded by Elon Musk, Ben Rapoport, Paul Merolla, Max Hodak, Dungjin Seo, Tim Gardner, Venessa Tolose, Philip Saves, and Tim Hanson, in 2016.

The company is working on an implantable device that'll be embedded in a person's brain and enable an individual to control a computer or mobile device wherever they go.

Elon Musk's Quotes

  1. When something is important enough, you do it even if the odds are not in your favour.
  2. When I was in college, I wanted to be involved in things that would change the world.
  3. Patience is a virtue, and I'm learning patience. It is a tough lesson.
  4. You must be willing to lose it all, but be willing to keep going into the future.
  5. Life is too short for long-term grudge.
  6. Starting a business is not for everyone. Starting a business, I would say, number one us have a high pain threshold.
  7. People should pursue what they are passionate about. That will make them happier than pretty much anything else.
  8. You must be willing to lose it all, but be willing to keep going into the future.
  9. You have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable.
  10. Failure is a good option. If you are not failing, you are not trying hard enough.

© 2022 Alianess Benny Njuguna

Related Articles