The fabulous life of Elon Musk

July 5, 2018 – 07:16 pm

That isn't to say education wasn't important for Musk: he earned Bachelors degrees in both business and physics from the University of Pennsylvania before venturing into the world of startups.When it comes to imagining life as a billionaire, most people think of the things that such money would let them buy — yachts, mansions, and cool cars.

Elon Musk isn’t like most people.

Only 14 years after making his first millions, Elon Musk is one of the most influential businessmen alive today. He’s involved with more industries than your average person has hobbies.

Rather than use the wealth he’s attained for leisure, Musk has repeatedly shown that he would prefer to spend his money on turning his passion projects into companies that change the world.

That isn’t to say education wasn’t important for Musk: he earned Bachelors degrees in both business and physics from the University of Pennsylvania before venturing into the world of startups.

Reuters

He made his first millions when in 1999 when Compaq bought Zip2, a company Musk founded with his brother, in a deal that earned him a cool $22 million.

REUTERS/Noah Berger

He made his first millions when in 1999 when Compaq bought Zip2, a company Musk founded with his brother, in a deal that earned him a cool million.While his career was ramping up, Musk in 2000 married Justine Musk. The couple went on to have five kids: a set of twins and a set of triplets, all of whom are boys. (Musk is now twice divorced; a second marriage from 2010 to 2012 also fell apart.)

AP

From there, Elon’s successes started compounding on themselves. A year after selling his first company, his second startup bought what came to be known as PayPal. Only two years later, he sold PayPal (of which he had an 11.7% stake) to eBay for $1.5 billion.

Reuters/Stephen Lam

Before the sale of PayPal was complete, he founded one of the two companies that has made Musk so famous over the last few years: SpaceX.

Before the sale of PayPal was complete, he founded one of the two companies that has made Musk so famous over the last few years: SpaceX.REUTERS/BRET Hartman

In 2004, he joined the other: Tesla Motors. After leading an early investment round, he was brought in as Chairman of the Board of Directors.

REUTERS/Rebecca Cook

In 2006, Musk’s cousin Lyndon Rive founded SolarCity based on a concept initially created by Elon himself. Musk became Chairman and the largest shareholder of SolarCity, which has gone on to become the single largest provider of solar power in the United States.

The NASDAQ OMX Group, Inc.

2006 was also the year Tesla went mainstream, with its Roadster winning Time Magazine’s Invention of the Year award in the Transportation category.

In 2004, he joined the other: Tesla Motors. After leading an early investment round, he was brought in as Chairman of the Board of Directors. In 2006, Musk's cousin Lyndon Rive founded SolarCity based on a concept initially created by Elon himself. Musk became Chairman and the largest shareholder of SolarCity, which has gone on to become the single largest provider of solar power in the United States. 2006 was also the year Tesla went mainstream, with its Roadster winning Time Magazine's Invention of the Year award in the Transportation category. In 2008, Musk had two major successes: Tesla's Roadster went into full production and SpaceX was awarded a $1.6 billion contract to make flights to the International Space Station for NASA.

Source: business.financialpost.com

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