Elon Musk Biography, Wife, Kids, Companies and Net Worth

Elon Musk has definitely grown to become a household name and anyone who is familiar with Mr. Musk would know that he has evolved to become a brand through which he has been able to grow his companies.

2021 is the year Elon Musk toppled Jeff Bezos on the Forbes list to become the world’s richest man for the first time ever. His net worth in 2020 peaked at $167 billion and by the 7th of January 2021, he became number 1 with a net worth of $187 billion.

Little do people know that Elon was a co-founder of PayPal but back when he and his brother founded it, it was known as X.com. In 2000, X.com later merged with Confinity before the new company changed its name to PayPal.

Today, he is known for his success in both Tesla and SpaceX but there were times both almost failed. SpaceX’s first three (3) attempts to launch rockets into orbit failed but were successful on the fourth trial while Tesla’s Roadster faced serious issues.

Elon Musk Biography

On June 28th, 1971, Elon Reeve Musk was born and raised in Pretoria, South Africa to a South African father (Errol Musk) and a Canadian mother (Maye Musk). At an early stage, Elon had developed an interest in computers and programming. By the time he was 12 years old, he built his first game known as Space Blaster.

He attended both Bryanston High School & Pretoria Boys High School and during his childhood days, he was an introvert. Musk was also a victim of bullying and was once hospitalized at Sandton, South Africa after he was thrown down a flight of stairs. This was at Bryanston High School which then forced him to move to Pretoria Boys High School. He later proceeded to the University of Pretoria where he studied for five (5) months before he later left for Canada.

In 1990, he was admitted to Queens University in Kingston, Ontario. He later got the golden opportunity to move to the United States of America in 1992 when he got a scholarship to study at the University of Pennsylvania. As a kid, he has always wanted to move to the USA where all the “cool stuff” was happening.

In 1995, he was accepted for a Ph.D. program at Stanford but decided to drop out in his third year and launch an internet-based startup due to the internet boom sweeping the US at that time.

That same year he dropped out from Stanford, he founded his first startup named “Zip5”. He founded it alongside his friends, Kimbal and Greg Khouri while receiving funds from Angel investors. The company provided city guides on the internet and before it became successful Elon was poor as he couldn’t even afford an apartment. In February 1999, Compaq bought Zip5 for $307 million while Musk received $22 million as his own share.

That same year, he co-founded another startup named X.com which later became what is now known as PayPal. Although, it wasn’t named that until 2001. The startup was later acquired by eBay for a whopping $1.5 billion in stock of which Musk received $100 million. This was in 2002.

As far back as 2001, the foundation for his space exploration company had begun. He had tried purchasing used Intercontinental Ballistic Missiles but was rejected the first time and the price for one rocket was too high for him. This led him to use his own funds to start what is now known as SpaceX. The goal back then was to build more affordable rockets.

His company failed in launching their first three (3) rockets but succeeded on their fourth trial which was the Falcon 1 in 2008. Hence, became the first private rocket to leave Earth. Ever since then, the space company has gone on to bigger projects and shatter more records. In May 2020, it was the first private company to send a crew into space and dock them at the International Space Station (ISS).

Tesla wasn’t originally owned by Musk as he only became involved with the auto company in 2004 after leading a Seria A investment round and became Tesla’s Chairman on the board of directors. He had full control of the company in 2008 after one of the original Tesla co-founders, Martin Eberhard was ousted from the company.

Elon Musk has been able to scale the company to greater heights and in 2020 after seeing a rise in the stock prices, Tesla became the most valuable carmaker in the world. Apart from Tesla and SpaceX, Musk still has other projects which include Neuralink and The Boring Company.

Elon Musk Profile

Name

Elon Reeve Musk

Partner

Claire Boucher

Child(ren)

Nevada Alexander Musk (late), Damian Musk, Xavier Musk, Kai Musk, Saxon Musk, and X Æ A-Xii

Businesses Owned

Tesla, Neuralink, The Boring Company, OpenAI, and SpaceX

The year he was born

1971

Nationality

South African/Canadian/American

Net Worth

$151 billion

FAQS About Elon Musk

Here are some of the frequently asked questions (FAQs) regarding one of the world’s most successful men.

Where did Elon Musk get his money?

He made his money from a series of wise investments. It is a known fact how he used most of the funds he got from selling his other companies to start another.

Why Elon Musk is famous?

He is famous for building some of the most successful companies in the world which include PayPal, Telsa, SpaceX, and more.

What is Elon Musk’s IQ?

His IQ, according to multiple sources on the internet is 155.

Is Elon Musk a billionaire?

As of 2021, Elon Musk is a billionaire.

How much does Elon Musk make a day?

He makes $414 million every day

Will Elon Musk be a trillionaire?

It is possible he becomes a trillionaire before 2030.

What religion is Elon Musk?

Elon Musk doesn’t believe in God but only science.

What was Elon Musk’s father’s profession?

His father, Errol Musk is an entrepreneur, engineer, and investor.

Elon Musk Wife

As of May 2021, he is not married but he has been in a relationship with his current girlfriend, Claire Boucher aka Grimes and they have been in a relationship since 2018. They have a kid together named X Æ A-Xii. She is a Canadian professional singer, songwriter, and record producer.

Elon Musk married his first wife, Justine Musk in 2000 before they split in 2008. He then got married to English actress, Talulah Jane Riley in 2010 before they split in 2012. Then he remarried her in 2013 and then they split again 3 years later in 2016.

Elon Musk Kids

He has five kids currently as he lost his first son, Nevada Alexander Musk ten months after he was born to an illness. His children include:

Elon Musk Kids

  • Damian Musk
  • Xavier Musk
  • Kai Musk
  • Saxon Musk
  • X Æ A-Xii

Elon Musk Companies

All of Elon Musk’s companies include:

Elon Musk Companies

SpaceX

Tesla

Neuralink

The Boring Company

OpenAI

Elon Musk Net Worth

As of 2021, Elon Musk estimated net worth stands at $151 billion.