I must first admit that I did not know who Elon Musk was. I had seen him on the ‘Secret Lives of the Super Rich‘ TV show. This is why I searched for him on Amazon Kindle Unlimited. Elon Musk is South African born with a Canadian background. He is a smart and stubborn individual. Doesn’t particularly like to follow orders. The book describes a situation where he was punished. He secretly left his house during the punishment and walked for 4 hours to attend a party. He taught himself computer programming at the young age of 12. Elon Musk created a game using BASIC and sold it to a computer magazine for $500.
Elon Musk attended UPenn and obtained his undergraduate degree in Physics and Economics. He started his Physics PhD program at Stanford University but left after 2 days to become an entrepreneur. In 1995, His brother Kimbal and Elon would start an internet city guide called Zip2. Compaq would acquire the company for $341 million. This would make Elon Musk $22 million. At that point most people would by a nice home and work out their retirement. Not Elon Musk. In 1999, he poured $10 million into X.com to be a co-founder. The company worked with financial services and e-payments. They would merge with a company that created Paypal. The company was renamed Paypal and sold to Ebay in 2002 for a mere $1.5 billion. This would make Elon Musk $165 million. At this point, I would believe at least 99% of people with this amount of wealth wold consider retirement.
Elon Musk, was hungry to pursue another dream that he had. He believed that we could bring crops with us in a certain form to another planet. He would want to start creating this crop on the other planet, to bring us closer to living outside of Earth. He believed that the current way Space Rockets were created was inefficient. He wanted to change the supply chain integration of creating the rockets to get a better price. He would throw $100 million of his own money into SpaceX.
In 2004, Elon Musk would make a large investment into Tesla Motors. He would be Chairman of the Board and would not be involved in Day-to-Day operations. During the financial Crisis of 2008, he took a CEO role and would become the chief architect. In addition to creating great electric cars, they also sell electric powertrain systems to other major automobile manufacturers.
What sets Elon Musk apart from other wealthy powerhouses is his desire to help society in his actual work. Bill Gates, does it through a separate Bill and Melinda Gates foundation. But Elon Musk is open to people using his Tesla patents in Good Faith to speed up the process of creating electrical vehicles. I don’t believe Bill Gates had ever opened up Microsoft patents in Good Faith. Another venture he is in is SolarCity. This company provides Solar Power. Elon Musk’s main goal is to combat global warming. He is actually working on providing California very cheap options to upgrade their homes to Solar Power to show his concern for global warming.
If you watch ‘Secret Lives of the Super Rich’, Elon Musk does have some expensive toys. But he also has enough money to do the right thing even if it impacts profit negatively. Read Elon Musk: Renaissance Man by Nathanial Oliver if you want a succinct Elon Musk biography.