ELON MUSK NET WORTH | ELON MUSK BIOGRAPHY | ELON MUSK EDUCATION

 Where on one side, 2020 wasn't a decent year for the whole world, there was one one who earned over $150 billion dollars during this one year.

Elon Musk who became the world’s richest man on 7Th January, 2021.

At the start of 2020, his net worth was $27 billion which made him the world’s 35th richest person. But in one year, his net worth increased to approx $190 billion and what's interesting is that he failed to even do anything special this year. He did special...he does special once a year. he's quite hard working man. But I mean that he failed to do anything extra or different in 2020 that he didn't liquidate 2019, 2018, 2017 or 2016. Had he not done anything the least bit this year, even then the probabilities of him becoming as rich as he has become were quite high.

How did it become possible?

What is the key behind his success?

Let’s get to understand the story of Elon Musk .

Think about it- once you are a billionaire, then how does one earn your money? It isn’t that you simply do some work and you get a salary reciprocally and you retain saving that salary in your checking account until it becomes billions of dollars. this is often next to impossible because one billion is such a giant amount that earning money through normal ways specified you earn one billion is next to impossible.

What happens in most cases is that billionaires are owners of some valuable company they're the owner of such an organization which has great value in the world. as an example, Mark Zuckerberg is that the owner of Facebook, Jeff Bezos is that the owner of Amazon, Gates is that the owner of Microsoft. Similarly, Elon Musk is that the owner of Tesla which may be a company that manufactures electric cars. The wealth of of these people is interlinked with their companies. after all it's to such an extent that these people can both earn and lose billions of dollars during a day, depending upon the present value of their company within the share market. If their company’s share price climbs up then they become rich instantly. If the share price of their company falls then they'll lose billions of dollars instantly.

Something similar happened with Tesla.

In 2020, Tesla’s stock price increased 720% in a very year and this can be the most reason for Elon Musk becoming the World’s richest man. What is surprising that Elon Musk didn't found Tesla! Tesla was founded in 2003 by two people named Martin and Mark. Elon Musk joined this company in 2004 by investing $30 million. Only after 2008, Elon Musk became Tesla’s CEO. In 2009, this company was inquiring financial problems therefore he decided to list the corporate within the securities market in order that the general public is in a position to speculate and also the company is in a position to recover. In 2010, this company was listed within the exchange. It had its Initial Public Offering (IPO). And at that point when it happened, the value of 1 share of TESLA was $17.

On 14th January, 2021*, the value of its one share was $854. Today, the market capitalisation of this company has surpassed $800 billion because of which this has become the fifth most useful company within the world after Apple, Microsoft, Amazon and Alphabet. Alphabet is that the company that owns Google.

Elon Musk owns 20% stake in Tesla and this is often how his wealth has increased such a lot. Before talking more about this, let’s get to understand Elon Musk’s personal story.

He was born in 1971 in African country. His mother was American and his father was South African. It's said that from a really young age he started using computers. At the age of 10, he was given his first computer and he learnt to code himself. At the age of 12, he coded a game which he sold for $500 dollars. So this was his first earning which he earned at the age of 12. In 1989, he went to Canada then studied in Pennsylvania University within the USA. He believes three things that have influenced him the foremost were internet, renewable energy and spaceflight. In 1995, you'll say that he got his first break. He founded an organization called Zip2 together with his brother which was basically a phonebook very like phone book. And this company was sold off at quite an high price. After that, he founded a financial service company named X.com which merged with another company in 2000 to create PayPal.

In 2001, Elon Musk became the CEO and Chairman of Paypal after which it had been acquired by Ebay for $1.5 billion. So, at this time of your time, Elon Musk had already become a billionaire. After this, he focused on his passions. He invested quite $100 million for founding an organization named SpaceX. the most objective of the corporate is to send humans to Mars and to ascertain a colony there. In 2020, SpaceX became the primary private company which had sent an individual to Space.

By 2025, SpaceX plans to send the primary soul to Mars.

Let’s see how successful this seems to be. But thanks to such big plans, ideas and vision, Elon Musk is usually called reality Tony Stark. He has highlighted the very fact time and again that you just don’t need a university degree if you wish to form an honest career. He tweeted, “You still don’t need a university degree to figure for Elon Musk.” Elon Musk doesn’t value a degree much but rather he values exceptional ability. If someone can show that he can work efficiently, then this person is more valuable to him as compared to someone who can only show his degree. plenty is to be told from Elon Musk’s story of how you'll succeed only on the idea of passion, skill and labor. If you've got knowledge and skills then you don’t even need a degree.

For a billionaire, his wealth is related to a corporation in such the way that when the share price goes up and down then the online worth of the billionaire also will go up and down and also the money is commonly stuck therein company itself. To be ready to withdraw and access that cash always is kind of difficult sometimes. the worth of shares of a corporation increases when there's higher demand for it within the market. If the general public thinks that this company are going to be successful then they invest in this company leading to rise in its share price. Normally, this happens when the long run potential of the corporate looks good.

What is happening within the future?

Many developed countries want to cut back the quantity of petrol and diesel vehicles so on reduce pollution and carbon emissions. More and more countries want to modify to electric cars. Tesla is one in all the foremost popular automobile brands so people can see that within the coming 10 years, Tesla can become quite popular. Their cars are sold worldwide which is why people are investing in it. Although, some feel that Tesla is overvalued. We agree that it's an honest company and its future looks good but such a lot of people have invested such a lot of their money is sort of an excessive amount of.

J P Morgan has said in December 2020, “Tesla’s shares are in our view and by virtually every conventional metric, not only overvalued but dramatically so.”

In May 2020, Elon Musk has said himself that the share price of Tesla is kind of an excessive amount of. He also warned his employees to not hope an excessive amount of because the share price can settle furthermore. But on the opposite hand, some people believe that the share price of Tesla can rise more within the coming years. A billionaire investor says that Tesla’s stock can increase 3 times more. If this happens, if Tesla’s stock price increases 5 times, As of now, the online worth of Elon Musk is around 200 billion dollars then Elon Musk’s net worth which is currently around $200 billion will reach $1000 billion dollars. It means he can become the world’s first trillionaire.

Till now, we've got heard about millionaires and billionaires, he can become a trillionaire. plenty of individuals believe that this is often definitely possible if Tesla’s stock rises most then Elon Musk will become a trillionaire. what's interesting here that Elon Musk calls himself cash-poor i.e he doesn’t have much cash. If he wants to spend most money then he wouldn't have this money to spend. He says that he doesn’t draw even one penny as salary for being the CEO of Tesla and keeps quite less cash with himself. after all 99% of his wealth of $190 billion is stuck within the shares of those two companies. one amongst which is Tesla and another is SpaceX. Now, if he wants to require out most of this money from these companies and keep it to himself, then this won’t be possible because he would should sell his shares for this.

If Elon Musk sells the shares of Tesla himself then what would be within the news? How would people react?

Other people would feel that he doesn’t believe his own company, therefore the share price would crash drastically and every one this money that's there would cease to exist. you're the world’s richest person but when it's said that you just have $190 billion then it's not in your pocket. you will not be ready to spend it. what's interesting is that Elon Musk isn't too attached with money! He says that he's not curious about materialistic things like buying a non-public jet or island with such a lot money. He looks at money as less of a medium of exchange and store useful but as a way to an end. He looks at it sort of a financial tool which is sort of useful to attain one’s goal. For this very reason, when the news broke out that Elon Musk has become the richest man within the world then he tweeted, “Strange!” After which he wrote, “Well back to figure...”

In another tweet, he had written, “About half my money is meant to assist problems on Earth.” 1/2 his money are going to be wont to solve the issues of the world and therefore the rest half are used for the continuation of life for all the species. just in case the world ceases to exist, some asteroid hits Earth and destroys it specified happened at the time of dinosaurs then a colony may be established on Mars and therefore the species living on Earth may be saved.

This is the interesting story of Elon Musk.

Today, he's not the richest person anymore because as I told you share price fluctuates most that it minified a touch bit and Jeff Bezos crossed him over again.

Elon Musk incorporates a wealth of $179 billion while Jeff Bezos is at $182 billion.