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Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa's administrative capital. [ 2 ] [ 3 ] He is of British and Pennsylvania Dutch ancestry. [ 4 ] [ 5 ] His mother, Maye ( née Haldeman ), is a model and dietitian born in Saskatchewan , Canada, and raised in South Africa.
In March 1999, [15] Musk co-founded X.com, an online financial services and e-mail payment company with $12 million of the money he made from the Compaq acquisition. [16] X.com was one of the first online banks that was federally insured, and over 200,000 customers joined in its initial months of operation.
Businessman and political activist Elon Musk is a focal point of extensive press coverage, with public attitudes towards him fluctuating at various points throughout his career. Although his ventures have been highly influential within their separate industries starting in the 2000s, Musk only became a public figure in the early 2010s.
Musk has defended his wealth by saying he is accumulating resources for humanity's outward expansion to space. [12] At the start of 2020, Elon Musk had a net worth of $27 billion. [13] By the end of the year his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock. [14]
Elon Musk is an authorized biography of American business magnate and SpaceX/Tesla CEO Elon Musk.The book was written by Walter Isaacson, a former executive at CNN, TIME and the Aspen Institute who had previously written best-selling biographies of Benjamin Franklin, Albert Einstein, Steve Jobs and Leonardo da Vinci.
The Musk family is a prominent family with roots in South Africa, Canada, England, and the United States, whose most famous member is billionaire Elon Musk.It also includes his parents Maye Musk, a model and author, and Errol Musk, a mine-owner, businessman and politician; siblings Kimbal Musk and Tosca Musk, and cousin Lyndon Rive.
According to Musk, the company's goal is to enhance tunneling speed enough such that establishing a tunnel network is financially feasible. [11] [12] Elon Musk speaking at the inauguration of the test tunnel in Hawthorne, California, December 2018. In early 2018, the Boring Company was spun out from SpaceX and into a separate corporate entity. [13]
In March 1999, Musk co-founded X.com, an online financial services and e-mail payment company, with US$10 million from the sale of Zip2. One year later, the company merged with Confinity, which had a money-transfer service called PayPal.In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock, of which Musk received US$165 million.