The third-richest particular person on the earth? As of Sept. 1, 2020, the celebrated title is occupied by Tesla Inc. product architect, engineer, and tech entrepreneur Elon Musk. The controversial determine has seen his internet price greater than quadruple since late 2019, with the worth of his belongings hovering from roughly $20 million to a moderately spectacular $115 billion.
So, what number of corporations does he personal?
These are simply a number of the corporations owned by Elon Musk.
It is simple to see why Elon might have served because the real-life inspiration for Robert Downey Jr.’s portrayal of Tony Stark within the 2008 blockbuster, Iron Man.
The polymath operates with an inspirational mentality, remodeling nearly each venture into unparalleled success. From his earliest entrepreneurial makes an attempt, comparable to Zip2, to his most-known undertakings, like SpaceX, it appears that evidently there’s nothing Elon cannot spin round and switch it into one thing actually distinctive.
Based on Enterprise Insider, Elon’s first-ever entrepreneurial venture concerned remodeling a 10-bedroom frat home into a totally fledged nightclub whereas nonetheless pursuing a level in physics and economics on the College of Pennsylvania. The enterprise turned out to be a success, setting the wunderkind on track to the pursuit of epoch-making tasks.
In 1995, he enrolled in a P.h.D. program on the College of Stanford. He deferred his research after solely two days, having taken up a far higher curiosity within the creation of a searchable enterprise listing — the digital equal of Yellow Pages, to as per Britannica — which allowed customers to entry extra details about the SMEs working of their space.
In the identical 12 months, he, his brother, Kimbal, and Greg Kouri registered the corporate, Zip2.
Because the city legend has it, the forward-thinking trio needed to sleep of their workplace to attenuate prices — however their sacrifices paid off generously. In 1996, Mohr Davidow Ventures invested a whopping $three million within the firm. Across the similar time, Zip2 began to cater to newspapers, buying new purchasers like The New York Instances.
In 1999, the corporate was bought for roughly $300 million.
Utilizing $10 million from the cash acquired by way of Zip2, Elon launched the net banking firm, X.com, in 1999. In March 2000, the corporate merged with Confinity, altering its identify to PayPal.
However the story will get a lot better. In October 2000, Elon bought right into a battle together with his PayPal co-founders over which working system would serve their greatest pursuits. Elon most well-liked Microsoft Home windows, whereas the others wished to stay with Unix, as per Enterprise Insider.
The co-founders instigated a small-ish coup — firing Elon whereas he was on his option to Australia for a much-needed getaway.
“That is the issue with holidays,” he summarized the expertise in an interview with Fortune.
In 2002, Elon based Area Exploration Applied sciences Corp. or SpaceX, the corporate set to make journey to Mars extra accessible. In 2004, he made his first funding in Tesla Inc, and he was appointed as CEO in 2008. He remained within the put up till 2018.
In 2006, he helped discovered SolarCity. In 2016, he launched The Boring Firm, which goals to create a community of underground tunnels catering for high-speed, no-traffic driving. He’s additionally the brains behind corporations like OpenAI and Neuralink.