elon musk how did he make his money?

Elon Musk, born in South Africa, has been hailed as a talented person by a consultant for his forward thinking and risky business ventures, and has had great success.

Billionaire Tesla and SpaceX founder Elon Musk have struck a deal to acquire social media giant Twitter for $ 44 billion, as he promises to bring "free speech" to the platform.

According to Forbes, Mr Musk is estimated to be worth $ 268.2bn (£ 212bn) as of Tuesday, making him the richest man on earth.

Twitter's acquisitions connect the 50-year-old entrepreneur's growing commercial universe, from electric cars to space travel.

Elon Musk How did he Make his Money?
Elon Musk How did he Make his Money?

Which companies has Elon Musk founded?

Mr elon Musk made his fortune in 1999 when he co-founded the online payment company PayPal. Mr Musk made 180m from the deal, according to Time Magazine, after it was bought by eBay for $ 1.5bn in 2002.

That same year, he founded the SpaceX Company with the mission of colonizing Mars and the Land Rocket on the Red Planet before 2030.

The 100 100 billion company designs and manufactures aerospace technology and partners with NASA on space missions. Currently, Mr. elon Musk owns about 48 percent of the company.

Earlier this month, SpaceX launched its first civilian team for the International Space Station, with three passengers paying $ 55 million for the trip.

In 2003 Mr. elon Musk became the largest shareholder in Tesla after investing more than $ 6 million in the company, which had not yet built a real car.

According to Reuters, the electric car maker is valued at more than t 1trn, Mr Musk owns between 17 and 21 per cent of the company - valued at ਖੇਤਰ 175bn - and is its chief executive.

Mr Elon Musk's latest ventures include a boring company, an underground tunnel business he started in 2017 aimed at building hyperloops, a high-speed land transport system for passengers and freight. The company announced last week that it was valued at $ 5.7 billion.

In 2016, Mr. Musk co-founded Brain-chip startup NeuralLink, which aims to install wireless brain computer chips and manipulate neurological conditions to help correct neurological conditions, including dementia and alzheimer's disease. Includes bone injuries. To add

In July last year, the company said it had raised more than $ 200 million from investors, including Google Ventures.

What is his background?

He was born in 1971 in Pretoria, South Africa to a wealthy family. Her mother was a dietitian and model from Canada while her father was an engineer.

According to Forbes, Mr. Musk learned to code at an early age and sold his first video game, Blastar, for about $ 500.

He immigrated to Canada at the age of 17 to avoid military service for South Africa's apartheid regime and studied at Queen's University in Ontario, where he studied physics and business, before moving to the University of Pennsylvania in 1992.

He enrolled for a PhD in physics at Stanford University in California, but in 1995 with his younger brother Kimball postponed the course to start his first business, an online city guide software company called Zip2.

The pair sold the business for $ 307m in 1999 and Mr Musk received 22m from the deal.

He sold one of his properties to Willie Wonka and The Chocolate Factory actor Jean Wilder to Jordan Walker-Pearlman, the star's 53-year-old nephew.