November 24, 2016 – 01:36 pm

Elon Musk - Justin Sullivan/Getty ImagesTesla Motors CEO Elon Musk look on as California governor Arnold Schwarzenegger speaks during a news conference at Tesla Motors headquarters in Palo Alto, California. Justin Sullivan/Getty Images

Elon Musk Is Best Known for:

Elon Musk is best known for being the co-founder of PayPal, a money-transfer service for Web consumers, for founding Space Exploration Technologies or SpaceX, the first private company to launch a rocket into space, and for founding Tesla Motors, which builds electric cars."

Quotes from Elon Musk:

  • "It is where great things are possible" [Musk on moving to the USA]

Elon Musk Background & Education:

Elon Musk was born in South Africa, in 1971. His father was an engineer and his mother a nutritionist. An avid fan of computers, by the age of twelve Musk had written the code for his own video game, a space game called Blastar, which the preteen sold for a profit.

Elon Musk attended Queen's University in Kingston, Ontario, Canada, and transferred to the University of Pennsylvania, where he earned two bachelor's degrees, economics and physics. He was admitted to Stanford University in California, with the intention of earning a PhD in energy physics, however, Musk's life was about to change dramatically.

First Company - Zip2 Corporation:

In 1995, at the age of twenty-four, Elon Musk dropped out of Stanford University after just two days of classes to start his first company called Zip2 Corporation. Zip2 Corporation was an online city guide that provided content for the new online versions of the New York Times and the Chicago Tribune newspapers.

In 1999, the Compaq Computer Corporation bought Zip2 for $307 million. Out of that amount. Elon Musk's share was $22 million. Musk had become a millionaire at the age of twenty-eight. That same year Musk started his next company.

Online Banking:

In 1999, Elon Musk started X.com with $10 million dollars from the sale of Zip2. X.com was an online bank, and Elon Musk is credited with inventing a method of securely transferring money using a recipient's e-mail address.


Source: inventors.about.com

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