BusinessHow Elon Musk Became the Richest Person in the...

How Elon Musk Became the Richest Person in the World


Elon Musk is popularly known as the man behind Tesla, SpaceX, and now, the richest man in the world. But how did Elon Musk became the richest person in the world and how did he do it?

Musk was able to overtake Amazon’s Jeff Bezos position as the richest man in the world since 2017, which seemed to be impossible. The fight for the sit as the richest man was very close. Musk had a net worth of more than $185 billion, while Jeff Bezos had a net worth of, more or less, $183 billion at the time of writing.

Now that Elon Musk holds the title of the most successful person on the planet, many wonder how he reached it and the story behind his journey. Elon Musk was born in South Africa, and he started his business at an early age. When he was 12 years old, Musk sold his first product, a video game, that he coded himself and managed to earn $500 after selling it to a PC publication.

As the internet develops, Elon Musk, together with his brother Kimbal, produced Zip2 that creates city guides available for online newspapers. And in 1999, 5 years after, Compaq purchased the software, and Musk made $300 million. In the same year, Musk uses the money and co-founded online bank In 2000, bank merged with Confinity to form PayPal and was later bought by eBay in 2002 for $1.5 billion.

With all the money Musk has, in 2003, he decided to fund a car company incorporated by Martin Eberhard and Marc Tarpenning and become the chairperson of the company since most of the fund was from him. In 2008, Elon Musk became the CEO after Eberhard’s departure. Short story short, Elon musk now runs tesla and his current project SpaceX.

There was no secret in Elon Musk’s success aside from his smart decisions, determination, and skills. He becomes the richest man in the world because he is willing to embrace huge levels of risk no matter what the consequence is because he is a man with a plan.

Latest news

5 Tips for Pursuing a Career in Data Science

A career in data science is a popular endeavour for budding technology experts. When pursuing this path, there are...

Filmmaker To Watch: Roosevelt Merisier

FNO Productions LLC's founder, Roosevelt Merisier, has been producing, directing, and writing movies for about five years. He began...

Point Blank Life: The Best Handgun for Home Defense!

Thanks to the “castle doctrine”, individuals that live in the United States have been given the right to use...

How to Find Legit Online Betting Sites

Choosing the ideal betting site can be a tough decision; looking up the Internet, you find numerous sites offering...

Why Using the Right Online Pharmacy is Safer Than You Think

The popularity of online pharmacies has caused a shift in consumer behavior and how they purchase prescription medication. With...

Frequently Asked Questions About Online Pharmacies

No less than 35,000 pharmacies are available online, and not all of them comply with the laws and standards...

Must read

Do the latest GPT-3 tools spell doom for copywriters?

Content writing has become more important as a way...

You might also likeRELATED
Recommended to you