Elon Musk, a controversial yet genius figure, made history with his top notch companies. Tesla, SpaceX and the Boring Company made him one of the richest men in the world. Besides that, Elon is also a key figure in the crypto world, being known as the Dodge Father. But..how did he end up here? Was his family a part of his success or he is a self made billionaire? Let’s find out in the following paragraphs.
How did he succeed?
Some people are successful by gambling on great websites like Betway while others are borned to rule and create huge companies. Elon Musk is one of them, but his beginnings weren’t as favorable as you may have thought. At one point he was close to losing all of his money, but God had different plans with him.
He got his education at the University of Pennsylvania in physics and he became an entrepreneur with his first companies called X.com and Zip2. Not to mention that he is also the cofounder of PayPal. In 2021, his network will reach 150 billion dollars but the title of the richest man alive it’s still kept by Jeff Bezos with a fortune of 190 billion dollars.
Apart from these small details, Elon couldn’t reach out at this point without working a lot, sacrificing and sometimes risking everything to develop stable companies.
Contributions that increased his fortune
The first contribution that helped him build his fortune, although he had a financial background due to his parents, was the first game he coded. After making it, he sold it for no more than 500 USD and that was just the beginning. Later he and his brother, Kimbal coded some maps/ city guides and sold them 2 years later for a whopping 300 million dollars.
Elon wasn’t the type to stop or take a break after he sold something for a hundred million dollars so he decided to create X.com, a bank that later led him to shape PayPal. This turned his millions into a billion and a half dollars. Everything he touched turned out into gold… After his success, he opened up his next company, SpaceX in 2001. His mission was to make Mars the next Earth and even better. For that, he needed a great partnership. And..who couldn’t be better than NASA?
The last important contribution is Tesla. In 2003 the owners, Martin Eberhard and Marc Tarpenning were looking for some investors and Elon was more than interested to give a shot for Tesla. In 2008 he took control over Tesla and that led him to earn billions later.
The most important reason why Elon Musk became number one
Elon Musk became number one due to all his hard work, tears, and professionalism he put in every project he owned. When he sees an opportunity he takes it and uses it to its maximum potential. He is not the type that lets other people tell him what to do.
His intuition, intellect, and years of experience are the main reasons why he has so much success nowadays. His passion for his companies can move mountains!
What’s next for the richest man in the world?
It’s hard to predict the future for the second richest man in the world but we think that Elon Musk will be brilliant in the crypto world. He offers so much trust that a meme coin like Doge turns out to make millionaires in the next few years.
One thing that we know for sure is that Tesla hasn’t achieved its full market potential yet. It is because the world demands significant measures to protect the environment, and electric carsseem like a promising solution.2021 seems like Tesla’s year of big sales.Tesla understands the increasing user demands. So, the GigaFactory will enable Tesla to produce at least one million units annually. It seems like Elon Musk has great plans for his automobile company that will maintain his position as the innovative king of the industry.
A single tweet from him can change the course of the crypto and trading world. In the future he may opt to create or level up some of his existing companies or make his own coin. Who knows?!
Conclusion
Elon Musk is one of the richest men in the world and he certainly upgraded and created valuable companies like no other entrepreneur. He may surpass Jeff Bezos’s 190 billion fortune, Jeff Bezos, anytime and be the richest man alive. Until then, he will come with more plans, more cars, more SpaceX projects, and more determination.
