Elon Musk: An Influential Person & Richest Person on Earth

Born on 28TH June 1971, Elon Reeve Musk is the founder, CEO, CTO, and chief designer of space x. As of September 2020, his net worth estimating to be US$ 93.3 billion, making him the 5th richest person in the world. Musk was born in South Africa, and he didn’t have much of a good childhood as he had a rough family and was also bullied in school.

However, he was a voracious reader and also Elon taught himself computer programming at an early age that had helped him to sell his first program by the age of 12. He then created a space game called “Blaster” and sold it for 500$. Later he left home at the age of 17 to avoid serving the South African military. He decided to live in the USA, believing that it is where great things are possible.

Not happy with only two under graduation degrees, he moved to California to pursue a Ph.D. in applied physics and material sciences at Stanford University. However, he quit it after two days of joining the institute to pursue a business career. Elon and his brother borrowed 28000$ from their father and launched a software company in 1995 called Zip 2. The internet was beginning to expand hugely, and the newspapers were trying to figure out how they could make the news media best use.

The Elon company developed online city guides for newspaper publishers. Very soon, Zip 2 had won contracts with the industry’s major players, including “The New York Times” and “the Chicago tribune,” but things were not very smooth at Zip2. Elon wanted to be the CEO of the company, but the board stood firm against the move. Four years later, they sold the company to Compaq for 307 million dollars, along with 34 million dollars in stock options.

In the sale, Elon received 7% valuing up to 22 million dollars. Later that same year, he cofounded XCOM, an online banking company using 10million dollars from the sale of Zip2. A year after that the DOT-COM bubble fully popped and a preponderance of tech companies closing their virtual doors X.com acquired another online financial services firm and its money transfer service called PayPal, it quickly became clear that PayPal was one of the most important elements of the company. X.com focused on the service and renamed itself as PayPal in 2001.

It soon became the online payment system of choice, with a few thousand users multiplying to more than 1 million users in just a few months. But again, members of the board started to trouble Elon, those battles were followed by a sale this time -ebay.com. At the time of the sale, 1 in 4 eBay transactions was completed using PayPal. This sale was enormous by internet company standards in 2002. Post this, Elon received 165million dollars for his 11.7% stake in PayPal.

1 4But even before the PayPal sale had closed, Elon had begun to dream up a miniature experiment by starting a company that would build affordable rockets using vertical integration and a modular software engineering approach. Those ideas culminated in the launch of space x in 2002, and this was perhaps his greatest vision, which was yet to yield technology that takes us to another planet.

Same on account of SpaceX, toward the starting it was a disappointment, they attempted to dispatch their first rocket however neglected to arrive at the circle multiple times, for each disappointment it costs a huge number of dollars. In the event that there had another disappointment, Elon Musk may lose all his cash around then. Yet, on their fourth endeavor the undertaking got succeeded, around then they got it from NASA and from hereafter there is no turning around. They are the main privately owned business to send a rocket to International Space Station. Elon Musk trained himself Rocket Science, as he encouraged himself programming at 12 years old, for him, it’s only a Rocket Science.

He never surrenders. Once in a meeting, he said “My attitude is that of a samurai. I would prefer to submit seppuku than fail. “Japanese samurais won’t let their adversaries murder them on the off chance that they can’t win a fight they will execute themselves with their sharp edge. This “never surrender mentality” brought him limitless achievement. That as well as he is a diligent employee, He works 80-100 hours per week. This 46-year-old Business Magnet is the incomplete motivation for the film character “Iron Man” played by Robert Downey Jr. He is a person with speech issues, he falters a ton while he is talking, yet the group generally chuckles and sit tight for him to talk. In case you’re fruitful, individuals will overlook your deficiencies.

Being funded the project alone coming close to 100m dollars, Elon spent a majority of his net worth during that time. In 2006 NASA gave space x a contract to develop the Falcon 9 launch maker, which had followed up again with another 1.6 b dollars contract in 2008. However, beyond headlines and profits, Elon sees physics as filling a vital link. He brought the same public idealism to the brand that gave Elon Musk a rise to fame “Tesla Motors”. Initially, Elon came in as a lead investor. He took an active role in the company; managing the Tesla Roadster design and investing on a carbon-fibre body, he continued to invest in the following years and later on took over as the CEO of Tesla Motors in 2008. The company’s first car Tesla Roadster sold 2500 vehicles in 31 countries, later to address the production side of the energy equation Elon came up with the idea for solar setup which his cousins Linden and Peter co-founded in 2006.

From the outset, it is a disappointment, vehicles are very estimated, TV shows like Top Gear carried a ton of antagonism to the brand however Elon Musk retaliates. He took exactness care and took some strong choices like terminating a portion of the representatives and even its prime supporter and by effectively taking an interest in that organization’s development and dynamic he made the organization a vehicle monster. Indeed, even our Prime Minister Narendra Modi likewise visited his manufacturing plant. Presently they are fabricating Tesla Roadster 2.0 which is the world’s quickest vehicle ever. presently in the event that anybody heard “electric vehicle” odds are they are considering Tesla generally like it has no resistance. Tesla is presently governing the electric vehicle market consistently.

2 4The company designs and finances solar panels; it also constructs electric car charging stations in collaboration with Tesla Motors. So far, solar city has more than 15000 employees. Elon has promised to build a solar city factory in New York that would be three times the size of the largest solar planet in the United States. The company has now grown to become the second largest provider of solar power systems in the U.S and Elon is still the largest stake holder in the company, Elon is someone who has always been farsighted and has always supported futuristic ideas. In 2030 he released a proposal for a hypothetical machine that would carry passengers from Los Angeles to San Francisco in 35 minutes or less. He calls it the Hyperloop, and he estimates that it would cost 6billion dollars to build this machine.

Elon faced the worst crisis of his career when all three companies started collapsing; those had to be closed down. Elon had to lay off 1/3 of his staff and close Tesla’s branch in Detroit. Later solar city began staggering, and the bank that bagged their leases pulled out of the deal, Elon Musk wasn’t afraid of his life, but only a week’s worth of cash was in the bank. There was only a little time to resolve.

Elon never thought it was possible to have a nervous breakdown. Forced into only one direction to keep his empire afloat, Elon decided to raise 4 million dollars out of his own pocket to keep the company going and keep the dream alive. But after six years of perseverance funding and advancing his own company, he tasted success, as the fourth launch through space x was humongous, and since then, there has been no stopping to Elon musk.

Today most of Elon’s innovative ideas and visions have become true, his learning curves from failures and flaws to visions and amazing goals for the future. Elon never limits himself to do less because traveling to the moon or mars to changing the way we drive and operate a car. Elon musk has continually strived hard to pursue his goals.

To change humanity and live up to the expectations he set for himself and taking risks and self-confidence. Even then, years of effort seem to a loss at the moment. He believes that his success will still prevail. “You should take the approach that you are wrong. You should work toward being less wrong.” One of his principle, from his journey we should all start to take criticisms to excel in life.

Also Read: Surprising & Amazing Facts About North Korea

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