Elon Musk is a successful entrepreneur who has risen to prominence via his roles as CEO of electric vehicle manufacturer Tesla Inc. (TSLA) and private spaceflight business SpaceX. Musk started talking about a deal in April 2022 to make Twitter Inc. (TWTR) a private company. He had co-founded PayPal (PYPL) and invested in a number of early-stage internet startups.

Some have drawn parallels between his life and the lives of other colourful U.S. business tycoons like Steve Jobs, Howard Hughes, and Henry Ford because of his success and unique personality.

In June of 2022, he was reported to have a net worth of $220 billion, making him the wealthiest person on the planet. 

• In 2021, Musk surpassed Amazon.com Inc. (AMZN) founder Jeff Bezos to become the world's richest person for the first time. 
  
  
• Let's take a quick peek at the background of the successful businessman.

Family

Maye Musk, Musk's mother, is the oldest woman to ever appear in a Covergirl commercial campaign. Musk's mother had as many as five jobs when she was a child.

Tosca, Musk's sister, and Kimbal, Musk's brother, lived in South Africa when he was a little boy. When he was 10 years old, his parents split up.

Education 

Musk travelled to Canada in 1989 at age 17 to attend Queen's University and dodge military duty in South Africa.

Musk gained Canadian citizenship in that year, in part because he believed it would be simpler to get American citizenship via that route.

Musk left Canada in 1992 to pursue business and physics studies at the University of Pennsylvania. He earned an undergraduate degree in economics and a second undergraduate degree in physics.

Musk left Penn for Stanford University in California to seek a doctorate in energy physics.

However, his transfer was perfectly timed with the Internet boom, and he dropped out of Stanford after just two days to create his first firm, Zip2 Corporation, in 1995.

In 2002, Musk became a U.S. citizen. Elon Musk has agreed to buy Twitter. Musk is the CEO of Tesla, which makes electric cars, and SpaceX, which makes rockets. 

Musk, who was born and raised in South Africa, lived in Canada before relocating to the United States. 

Musk studied physics at the University of Pennsylvania. He started his career as a tech entrepreneur with early successes like Zip2 and X.com, which became PayPal when they were combined. 

Musk has shown odd behaviour on occasion. He claims to have Asperger's syndrome.

Musk was born to a Canadian mother and a South African father. He showed an early aptitude for computers and business.

He produced a video game at the age of 12 and sold it to a computer magazine. Musk left South Africa in 1988 after getting a Canadian passport. He didn't want to support apartheid by serving in the military, and he wanted the better economic opportunities in the U.S.

Businesses and Companies

Musk attended Queen's University in Kingston, Ontario, from which he moved in 1992 to the University of Pennsylvania in Philadelphia, from where he graduated in 1997 with bachelor's degrees in physics and economics.

He enrolled in physics graduate school at Stanford University in California, but he left after just two days because he believed the Internet had more potential to revolutionise society than physics.

In 1995, he launched Zip2, a startup that delivered online newspapers with maps and business directories.

In 1999, computer maker Compaq acquired Zip2 for $307 million, and Elon Musk subsequently launched X.com, which eventually evolved into PayPal, a corporation specialising in online money transfers.

The online auction site eBay acquired PayPal for $1.5 billion in 2002.

Musk has long believed that mankind must become a multiplanet species in order for life to endure.

However, he was unhappy with the high cost of rocket launchers. In 2002, he established Space Exploration Technologies (SpaceX) in order to produce cheaper rockets.

Its first two rockets, the Falcon 1 (launched in 2006) and the bigger Falcon 9 (launched in 2010), were supposed to be far less expensive than rival rockets.

The Falcon Heavy (first launched in 2018) was meant to lift 117,000 pounds (53,000 kilogrammes) into orbit, roughly twice as much as its main rival, the Boeing Company's Delta IV Heavy, for one-third the price.

SpaceX has revealed the Super Heavy–Starship system as the successor to the Falcon 9 and the Falcon Heavy. The Super Heavy first stage would be able to launch 220,000 kg (100,000 kilogrammes) into low Earth orbit.

The cargo would consist of the Starship, a spaceship meant to provide rapid transit between cities on Earth and to construct bases on the Moon and Mars.

Additionally, SpaceX created the Dragon spacecraft, which transports cargo to the International Space Station (ISS).

The Dragon can transport up to seven people, and in 2020 it carried Doug Hurley and Robert Behnken to the International Space Station.

The first Super Heavy–Starship system test flights began in 2020. Musk was not only SpaceX's CEO but also the primary designer of the Falcon, Dragon, and Starship rockets.

Elon Musk's Wealth

Not only is the guy behind Tesla and SpaceX a technological pioneer, but he is also a problem solver. He is renowned for altering the market for electric cars while also trying to improve space exploration technologies.

Elon Musk is an entrepreneur who has done the impossible, which makes him the most powerful person in the world today.

He began his career in Silicon Valley as a programmer before starting PayPal and Tesla Inc. In 2003, he launched SpaceX and SolarCity with the intention of bettering the planet. He also visited his factories with his saxon musk, as explained at this blog.

In 2016, he became the second individual, behind Amazon's founder Jeff Bezos, to attain a market worth of $20 billion. Bloomberg analysis indicates that at that time, Musk had a net worth of over $19 billion.

Elon Musk's Honors and Recognition

His contributions to the disciplines of business, engineering, and charity have been widely lauded.

Among Elon Musk's most significant accomplishments are:

• Creating a more sustainable future by co-founding SpaceX and Tesla
• Developing one of the first contemporary hyperloops, which promises to link large cities in a manner that is quicker than an aeroplane and safer than driving on surface streets.
• Advancing the advancement of rocket technology with his firm, SpaceX
• In 2006, Musk was a member of the U.S. National Academy of Sciences Aeronautics and Space Engineering Board.
• Inc. magazine gave him the Entrepreneur of the Year award for his work at Tesla and SpaceX in 2007.
• He won the 2007 Index Design Award for his Tesla Roadster design. In 2006, a Global Green Item Configuration Grant was given to the Tesla Roadster's design team. The car was first shown by Mikhail Gorbachev.
• The American Institute of Aeronautics and Astronautics George Low Award for "the most exceptional contribution to the area of space transportation in 2007/2008." Musk was recognised for his design of the Falcon 1, the first covertly developed liquid fuel spacecraft.
• Tesla and SolarCity received a 2008 National Conservation Achievement award from the Public Wildlife Federation. In 2008, the award was also given to author Thomas Friedman, U.S. Rep. Patrick Leahy (D-Vermont), and Gov. Charlie Crist of Florida.
• In 2008/2009, the Von Braun Trophy was awarded by the Public Space Society for "the most significant achievement in space." Prior recipients include Burt Rutan and Steve Squyres.
• In 2010, he was recorded as one of Time's 100 most influential people in the world.