How Did Elon Musk Get So Rich ?

Elon musk is the richest person in the world. He is even ahead of Jeff Bezos and Bill gates. He is the CEO of Tesla, the electronic car company and the space exploration company SpaceX. Recently Elon musk took over the news when he purchases twitter and become world’s most famous billionaire and renown entrepreneur. According to the statistics he make 432 million USD in a day. Everyone is fascinated by his success and eager to know that what made him so rich and so successful that he is not stopping and stepping down from the title of world’s richest man. Unlike most of the billionaires Elon musk made millions of his wealth through several successful ventures rather then one big success. With the annual net worth of 239.6 Billion USD, Elon musk became the richest person in the world. Let’s take a look on his background first. After getting enrolled in Stanford University, Elon launched the first online navigation device known as Zip2. After selling Zip2 he went into online banking and payment field with controversial businessman peter thiel. He invested the proceedings from this invention in the creation of the online payment system PayPal. His stake in the business netted him 180million USD when he sold it to eBay. Then devoted himself in the designing of his third project and found SpaceX. This is a space exploration technologies company that he founded in 2002 and it is working on making the space travel possible and affordable. SpaceX is launching probes into space and trying to settle humans on planet Mars. In addition to that he become the major funder of the Tesla in 2004 with 6 million USD. Both companies suffered initially but they took off towards success after penning $1.6billion deal with NASA and tesla’s first vehicle known as Model S that went into mass production in 2012. He is declared as the co founder of Tesla and now the holding the positing of CEO of the electrical vehicle company. He made amazing additions in the Tesla designs and expand the product line by introducing energy storage devices, automobile accessories, merchandise and solar power system. Elon musk’s fortune has grown to such astronomical proportions due to tesla share price which has tripled in value to more then 2 trillion USD in last 18 months. SpaceX is now a key partner in NASA missions and you can see Tesla Cars all over the world. After receiving a boost from Tesla share price and net worth Elon Musk founded two new companies Neuralink and boring company. Neruralink is currently working on making a device that can help paralysis patients to use the tech device such as mobile and computer with brain. The biggest source of wealth for Elon musk is Tesla which give a rise to his net wroth to 36Billon USD in a single day due to the spike in is market share to 12.7%. He held 17% to 21% of the company’s shares before he bought twitter. By purchasing social media giant Elon Musk mark his place in the world’s richest people list for future decades now. In Elon Musk success story there is key to his success and that is vision and never give up.