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How Elon Musk became the richest person in the world

Elon Musk has come a long way, and there must have been something driving him from one investment and job to the next.

How Elon Musk became the richest person in the world
Photo credit: Ujwal Sharma

Elon Reeve Musk is the co-founder of Neuralink and OpenAI, as well as the founder, CEO, and Chief Engineer of SpaceX. Musk is also the founder of The Boring Company, as well as an early-stage investor, Tesla’s CEO, and Product Architect. Musk is the founder and CEO of SpaceX, which he founded in 2002 as an aerospace and space company, an aerospace manufacturer, and a space transportation services company. He joined Tesla Motors, Inc., an electric vehicle business, in 2004. He rose to the position of CEO of the corporation. He was a co-founder of SolarCity, a firm that provided solar energy services and was later acquired by Google.

He co-founded Neuralink, a neurotechnology firm that creates brain-computer interfaces, and The Boring Startup, a tunneling firm, in 2016. Musk has proposed the Hyperloop, a futuristic transportation system.

Let’s know about Elon Musk from the past

‘Entrepreneur’ is the only term that comes to mind when describing Elon Musk. Entrepreneurship, according to Musk, is more of a psychological trait characterized by a strong intellectual character and effective management abilities. Elon Musk’s success story depicts him as a creator, manager, and developer of economy-based huge investments, rather than an employee.

His story, on the other hand, portrays a personality with great potential for identifying and evaluating investment opportunities, making him a visionary and innovative businessperson. This study deduces significant behavioral traits of an entrepreneur from Elon Musk’s success story, which helped him become the man he is today.

Musk’s success story also includes a large number of hurdles and a strong desire to overcome them over time to become the world’s, second-richest man. This research focuses solely on Elon Musk, Tesla’s Chief Executive Officer, his history, academic, and professional job experience, as well as how he overcomes obstacles.

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Elon Musk has come a long way, and there must have been something driving him from one investment and job to the next. Musk is an expansionist in the sense that there must be more than one alternative for everything in the world, including the planet itself if mankind and life are to improve. Musk was displeased with the cost of the project, according to Mair (17) Musk was reportedly dissatisfied with the expense of rocket launches, which is why he founded Space X (Space Exploration Technologies) in 2002, according to Mair (17).

Musk is a South African native, and that is where his narrative begins; in 1989, he left South Africa for Queens University in Canada to avoid serving in the South African army. He was also able to gain American citizenship more easily while in Canada, which he did in 2002. His best chance of becoming who he wanted to be was to transfer from Queens University in Ontario to the University of Pennsylvania in Pennsylvania. Most significantly, Musk’s story is built on a solid foundation.

The way towards Success

In 1995, he launched the Zip 2 firm, which was his first successful venture. For American media firms, the new company produced business directories, particularly for online publications, as well as maps. Zip 2 performed admirably, and in 1999, it was purchased for $307 million by Compaq, the then-computer maker, signaling Musk’s need to move on to the next stage of his career. According to Archwell (6), Musk’s and the company’s early years at Zip 2 were difficult for Musk and the company as a whole because of a lack of finance from investors; to save money, the employees were forced to reside on the premises.

The worst part is that the corporation has experienced leadership issues. For example, in 1996, Musk was fired from his position as Chief Executive Officer due to a disagreement about the company’s ideals and standards. However, Archwell (7) observes that Elon Musk’s success story at this point demonstrates that setbacks did not cause him to give up; rather, they honed his resilience, which is what has led to his current position. Musk then went on to start, which later became PayPal and specialized in electronic money transfers. Despite the fact that PayPal is still operational and in good shape, it is a small portion of Elon Musk’s greater success story.

The Roadster, which initially made headlines as a prototype in 2006 and then went on sale in 2008, is the first achievement associated with Musk’s success at Tesla. Musk saw that once the new type of automobile was on the market, the company would be able to analyze and collect data on what needed to be done to transform the transportation system. Although according to Bilbeisi (4), the Roadster did not perform as well as the corporation had hoped, it did help the public understand and embrace the transition; they learned that electric cars were not simply dull and slow cars, but a reliable source of transportation.

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How Elon Musk became the richest person in the world

As a result, in 2009, as PR Mair (6), Musk pushed Tesla to release a new automobile, the Model S, which boosted the company’s fame across the United States and around the world. Tesla was not performing so well in the early years, much as Musk had been criticized and failed in earlier ventures and collaborations. Musk fueled his fortune because he believed in his idea during a time when Tesla was going bankrupt and many sources said the company was on the verge of collapse, so he fueled his wealth because he believed in his mission. Musk aided Tesla’s progress with minimal help from his friends, corporations, or banks.

The Valuable Conclusion

Elon Musk’s tale is inspiring, and despite the difficulties in his business and personal life, he is portrayed as a person who does not give up easily. Based on his ability to handle diverse commercial negotiations, property management, and corporate development, he possesses all of the characteristics of an office and field leader. Elon Musk’s tale cannot be overstated, particularly when it comes to demonstrating how brilliant his intelligence is. This demonstrates that this is a genuine individual with enormous potential if given the resources he needs to transform the world. Musk’s nature is portrayed as relentlessly analytical with strong problem-solving skills, from the first investment to the current firm.

Written By

Yashi Saxena is a News Analyst and Author at Empire Weekly. She was born and brought up in Rampur Uttar Pradesh. She is a graduate and currently pursuing her MBA in finance. Writing her heart down through poems and stories gives her peace and clarity about her thoughts and she believes when she writes more she learns more. Someone who knows her would call her cheerful, emotional, and hard working.

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  1. graliontorile

    March 3, 2022 at 1:19 pm

    Thank you, I have just been looking for information about this subject for ages and yours is the greatest I’ve discovered so far. But, what about the conclusion? Are you sure about the source?

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