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Elon Musk became the world’s richest man

Elon Musk became the world’s richest man

Elon Musk, a well-known name in the tech industry and all over the world, and now many of us identify him as the world’s richest man (186 billion), surpassed Jeff Bezos this Friday and gained this position.

It was a little shock because Musk was the 4th richest man at the starting of the covid pandemic, but at the end of the year, he gained tesla stock rose an astonishing 743 percent in 2020 Tesla has surged in value this year and hit a market value of $700bn, and also gained 228% of personal net worth, definitely musk made his quarantine very productive, From having a future vision of electrical car’s, finding water on Mars and developing cheap spaceships he came a long way ahead and that’s why he people identify him as a real Tony stark, So here are some major achievements of Elon Musk, which ultimately lead him to become the richest man. 

JOURNEY AND ACHIEVEMENTS

Born and raised in Pretoria, South Africa,1 Musk exhibited an active entrepreneurial spirit from an early age. He received tremendous support from his engineer father, Musk bought his first computer at age 10 and taught himself how to write programming code. And built a video game called Blastar, which he sold for $500. After attending multiple college, he opted to his entrepreneurial dream’s, In 1995, Musk and his brother made a it company zip2 which was later sold at 340 million, In 2000 musk and some other partners launched X.com later renamed PayPal later sold to e-bay at 1.5 billion, Now Musk has enough money to invest in his future vision’s.

In 2004, Musk joined engineers Martin Eberhard and Marc Tarpenning to help run Tesla Motors, where Musk was integral in designing the first electric car: the Tesla Roadster. After Eberhard was ousted from the firm in 2007, following a series of disagreements, Musk seized management control as CEO and product architect. Under his watch, Tesla has become one of the world’s most popular and coveted car brands, With his space travel company SpaceX, Musk landed several high-profile contracts with NASA and the United States Air Force, to design rockets and conduct military missions. Musk has been vocal about his plans to send an astronaut to Mars by the year 2025 in a collaborative effort with NASA. 

The majority of Musk’s $40.4 billion net worth is tied up in Tesla stock as of June 2020, of which he owns more than 34 million shares. In January 2018, Tesla, which was valued at roughly $11.6 billion, announced a compensation structure in which Musk would not receive an annual salary but would instead earn cash based on the increasing market caps the company hoped to achieve over the next ten years. The deal aims to assure shareholders and customers alike that Musk plans to remain embedded with the company over the long haul. 

But for now, Musk major attention is on space X, His company launched 26 missions in 2020, breaking its previous calendar-year record of 21, which was set in 2018. This year’s launches included SpaceX’s 100th successful space mission overall, as well as the 100th of its workhorse Falcon 9 rocket. But these numbers just tell a tiny story, like two of SpaceX’s launches this year sent astronauts to the International Space Station (ISS) aboard SpaceX Crew Dragon capsules the first orbital crewed missions to lift off from the United States since NASA grounded its space shuttle fleet in 2011, and still musk is working so hard every day for the better future of the world.

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About The Author

Praveen Yadav

19 | Bibliophile and quaint | Full-Time Coder, Occasional Writer | Analytical Journalist at NDTV | Political and Psychological

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