Elon's maternal ancestry is from Canada, while his paternal ancestry is from South Africa. Despite having obtained US citizenship in 2002, he is not an American.
Elon Musk’s mother, Maye Musk, is a model and nutritionist who was born in Saskatchewan, Canada, and reared in South Africa. His father, Errol Musk, is a half-owner of a diamond mine in Zambia, close to Lake Tanganyika. He is a South African electromechanical engineer, pilot, sailor, consultant, and real estate developer.
Elon Musk was born in Pretoria, one among South Africa's three major cities. It houses all of the embassies around the world in South Africa, in addition to the executive arm of government. Bloemfontein serves as the judicial capital, while Cape Town serves as the legislative capital.
Prior to relocating to Canada at the age of 17, where he later attained citizenship via his mother, he went to the University of Pretoria. He enrolled at Queen's University two years later and subsequently went to the University of Pennsylvania, where he earned bachelor's degrees in both economics and physics.
He traveled to California in 1995 to enroll at Stanford University, but he changed his mind and chose to focus on a career in business rather. He and his brother Kimbal co-founded the online software company Zip2.
Why is Elon Musk so famous?
The billionaire is of Canadian and South African descent, was born in South Africa, and is the father of 10 kids. His stake in the privately owned corporation SpaceX is valued at almost $40.3 billion, according to data gathered by Bloomberg. The American Securities and Trade Commission does not have any special favors for Elon Musk's habit of tweeting things that can move the market and pique interest in his organizations.
In March, Bitcoin, Ether, and Dogecoin all witnessed a temporary increase in value after he announced that he held the digital currencies and had no intention of boosting them. In response, Bitcoin, which had already fallen as much as 2.9% before Mr. Musk's statement, reversed its loses prior to actually dropping once again. While Ether gained up to 2.3% until recovering some of its profits, Dogecoin increased by 3.8%.
Tesla's shares fell as much as 4.5% at the New York Stock Exchange after plunging nearly 7% in prior trade in November when Musk asked his 80 million Twitter followers if he should liquidate 10% of his holdings in the electric vehicle company. A decisive majority (58%) of the 3.5 million Twitter users that took part in the poll selected "yes."
Elon Musk made his first million dollars in the 1990s when he sold his first business, Zip2, for $300 million. Following that, he launched X.com, an online payment system that eventually became PayPal. He sold X.com to eBay in 2002 for $1.5 billion.
Did Elon Musk ever go missing?
Despite his propensity for regular posting, Musk is not absent; rather, he has merely taken a sabbatical from using social media. Musk was talking about how horribly the Twitter transaction was going just before he took a hiatus from social media. As followers quickly searched for their beloved inventor, one user claimed to have spotted Musk at the Texas-based Tesla Gigafactory, where she said he appeared to be acting normally.
Musk didn't appear to be upset about the situation of his most recent business arrangement; instead, he appeared to be concentrating on his job. People who are knowledgeable with business thought that Musk was just too busy to update his social media accounts due to the conclusion of the year, which is a very hectic period for Tesla as they try their hardest to meet the essential shipping and sales statistics that their CEO anticipates.
Another rocket was being launched at the same time by Space Exploration Technologies Corporation, which is owned by Elon. This was also the billionaire's 51st birthday amid all that professional turbulence. Elon Musk has already put himself through a tremendous amount of labor by being so involved in many of his businesses, so it's amazing that he ever finds time to make social media posts.
It is reasonable that Musk, a man driven by efficiency, would momentarily eliminate the portion of his day that produces the least. Despite his continuing commercial spat with Twitter, Musk has subsequently returned to social media. Nothing, not even a terrible business agreement, can stop Musk from expressing his views.
Is Elon Musk still working on the Hyperloop?
Even though the Boring Company venture has already been moving slowly forward, Elon Musk is still working diligently on the Hyperloop. Musk originally revealed his concept for the Hyperloop in 2013, after becoming frustrated while trapped in traffic and publishing it on Twitter. In the beginning, the Hyperloop was envisioned as a high-speed rail system that would traverse the whole state of California.
The Hyperloop is envisioned as a system of tiny passenger pods that would be blasted through with a 13-foot wide enclosed metal tube to simulate a vacuum, rather than the conventional single locomotive. Musk has predicted that the Hyperloop will be able to carry its passengers at speeds of about 760 miles per hour since it won't encounter the same degree of friction as conventional bullet trains do.
This implies that it would take a traveler around 35 minutes to get from Los Angeles to San Francisco. Elon Musk views the Hyperloop as a "open source" endeavor akin to the Linux operating system.
Musk isn't the only person to suggest the concept for the Hyperloop; the inventor George Medhurst came up with the idea to use air as a form of locomotion in 1799, and Isambard Kingdom Brunel, who designed the first transatlantic steamship with propellers, came up with the concept for the rail system on his own in 1844. Similar to how Musk borrowed concepts from luminaries of the past, several businesses have adopted Musk's notion, including Virgin Hyperloop.
When Virgin Hyperloop finally gave one of their workers a trip on their test track in 2020, they were able to provide a public presentation of their Hyperloop technology. On a smaller track, the Boring Company was the first business to test their Hyperloop in 2016.
FAQs
Q. What is the networth of Elon Musk?
A. According to Forbes, Musk made $253 billion in 2022, that also calculates out to approximately $650 million per day.
Q. Did Elon make any money during the pandemic?
A. In March 2020, Elon Musk was valued more than $24 billion. Despite this, he increased his net worth by 793% throughout the epidemic as a result of Tesla's stock spike in prices.
Q. Was Elon born rich?
A. Elon Musk's father, Errol Musk, is said to be worth $2 million. Errol's fortune stemmed from his work as a developer of residential properties. He also had a number of mines. So, in essence, Elon Musk was raised wealthy. Though, it didn’t stay like this forever and he had his fair share of financial downfalls.
