How did elon musk make his initial money

Below are some of the most resourceful ways in which he made money before becoming a famous billionaire. It was a space-themed game called Blastarwhere the objective was to destroy an alien ship filled with weapons of mass destruction. Musk had been interested in computers from an early age, and taught himself programming starting at 9-years-old. After leaving South Africa inMusk spent time working a series of odd jobs around Canada. After a visit to the unemployment office, he inquired about the job with the best wage, which turned out to be a gig cleaning the boiler room of a lumber slon. After reuniting with his brother Kimbal in Canada, the two determined brothers researched businesspeople that they wanted to meet and took turns making cold calls to ask if they could have lunch.

As a child growing up in South Africa, Musk taught himself to code. By the time he was 12, he sold the source code for his first video game for $500.

Like many famous innovators such as Steve Jobs, Elon achieved his success by demanding only excellence from his colleagues and relentlessly pursuing his vision. Elon Musk is a tech entrepreneur, investor, and engineer. He is the CEO of both Tesla , a company that builds all-electrics vehicles, scalable clean energy generation and storage products, and SpaceX , a company that designs, manufactures, and launches advanced rockets and spacecrafts. He is a father to five children all boys, one set of twins and one set of triplets and currently lives in Los Angeles, CA. He is known for being a tenacious visionary and aggressively pursuing the creation of innovative products that set new standards and surpass consumer expectations. The consensus from employees at lower and at executive levels is that the environment at Tesla is extraordinarily tense and demanding. Musk is not a man that adheres to the traditional hour work week. He is known to be a notorious workaholic—obsessively chipping away at problems until this are solved. In a year workspan he only took 15 days off total. He does not find pleasure in taking exotic luxurious vacations or pursuing side hobbies. Instead, he pours all of his waking time and energy into building his companies. In August of , during high demand periods, Elon has admitted to working upwards of hours a week and has also confessed to not leaving the Tesla Gigafactory for three or four days at a time during production sprints. In order to ensure maximum productivity, he avoids getting stuck responding to emails, maximizes his efficiency by working in 5-minute sprints, and avoids taking personal phone calls during work hours. He even eats his lunch in five minutes. The hard work has paid off, SpaceX and Tesla are valuated in the billions. One involved Elon smoking weed on the Joe Rogan Experience podcast.

Who Is Elon Musk?

He transferred to the University of Pennsylvania two years later, where he received a Bachelor’s degree in economics from the Wharton School and a Bachelor’s degree in physics from the College of Arts and Sciences. He began a Ph. Musk then founded X. In May , Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and lead designer. He joined Tesla, Inc. In , he inspired the creation of SolarCity , a solar energy services company now a subsidiary of Tesla. In , Musk co-founded OpenAI, a nonprofit research company that aims to promote friendly artificial intelligence.

Quick Facts

Amid an often difficult childhood, Musk developed a relentless work ethic he is known to work as many as 80 to hours per week and a tenacious single-minded vision. On September 7, Musk appeared to be smoking marijuana while interviewing for a podcast. This was just another addition to the string of bad news for the company, including a shareholder lawsuit against Musk and the company for his infamous tweet on August 7. The company later decided against the move. We look at the early life and education of the man behind a string of companies that have disrupted multiple industries. His father was an engineer and his mother was a model and nutritionist. He is the oldest of three children in an ambitious family. His brother Kimbal Musk is currently a venture capitalist and environmentalist. His sister Tosca Musk is an award-winning producer and director. After his parents divorced when he was nine, Musk lived mostly with his father. He read voraciously and was also an avid fan of comics. Self-described as a bookworm and something of a smart aleck, he was bullied in school and withdrew to his books at the expense of his social life. In one telling incident at that time, Musk, along with his brother, planned to open a video game arcade near their school.

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The Tesla CEO’s on-again, off-again girlfriend, Canadian singer Grimes, elln a nude photo on Instagram hinting that she’s pregnant, even implying that she is «knocked up» in the comments of another now-deleted post.

A notorious workaholicMusk is a father jis. The entrepreneur has previously said that he spends most of his free time at the office or in factories, retreating to one of several Los Angeles mansions he owns at the end of the day with his five other children.

A representative for Musk did not immediately respond to Business Insider’s request for comment on the speculation that the couple is expecting.

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Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options. Tanza Loudenback and Taylor Nicole Rogers. As a child growing up in South Africa, Musk taught himself to code. After he arrived for his freshman year at Queens University inMusk quickly picked up a side hustle selling computer parts and full PCs to other students.

Within two years, Musk transferred to the University of Pennsylvania on a partial scholarship. Musk graduated with a bachelor’s degree in physics and an economics degree from the Wharton School and moved to Stanford to pursue his PhD. He left the program within days to found an internet startup with his brother. He invested more than half of his earnings to cofound X.

The company quickly merged with its rival and became PayPal, with Musk as the majority shareholder. Musk turned his attention to his new space exploration company, SpaceX, after leaving PayPal. A few years later he cofounded electric-car maker, Tesla, and then SolarCity, a solar power systems provider. The success of these companies eventually launched him into the billion-dollar club — but not before he went broke. In lateMusk divorced his first wife and it took a toll on umsk finances.

A year later, Musk said he «ran out of cash» and had been living off loans from friends while trying to keep his companies afloat. But when Tesla debuted on the stock market inMusk’s fortune sky rocketed. Musk initiated his Bel-Air buying spree in latewhen the then-bachelor purchased a 1.

The 20,square-foot mansion has a two-story library, a home theater, a hiw, and 1,bottle wine cellar. As the leader of one of the preeminent auto-makers, it’s no surprise Musk has an affinity for cars. Despite having funds to spare, Musk isn’t a fan of lavish vacations — or any vacations for that gis.

Inhe said he’d only taken two weeks off since founding SpaceX about 12 years earlier. Musk has five children. In a tweet, Musk said he takes the kids on an annual camping trip.

I also take them with me when I go out of town. And seeing friends. Musk said on an earnings call in that he doesn’t have a desk at the Tesla factory: «I always move my muk to wherever — I don’t really have a desk actually — I move myself to wherever the biggest problem is in Tesla. I really believe that one should lead from the front lines, muskk that’s why I’m.

Musk admitted to spending «many late nights» at Tesla’s Nevada Gigafactory re-writing software during a production sprint for the Model 3. For a story published in AugustBusiness Insider reporters spoke with 42 Tesla employees, who said Musk is a visionary, but also unpredictably demanding. Musk said in June that he even planned to spend his 48th birthday on June 28 at work, improving the imitial «global logistics. Not only does Musk spend a ton of time at Tesla, he also spends a lot of his money on the company.

Musk also invests a lot of time, how did elon musk make his initial money, and resources into SpaceX. Musk gis helms The Boring Company, which he founded in to develop and construct an underground tunnel in Los Angeles in an effort to mitigate traffic. In DecemberMusk debuted the first prototype. InMusk signed The Giving Pledge, vowing to donate the majority of his wealth during his lifetime.

Musk found himself in legal trouble with the SEC in after he tweeted that he had obtained the funding to take Tesla private, which moved the company’s stock price. Musk reached a settlement with the SEC in April At the end of the day, the multibillionaire says he enjoys inexpensive hobbies like listening to music, playing video games, and reading books.

But usually it’s work. Since Musk works so hard, it’s only natural that he’d get upset when things go awry. When a metal ball shattered the «armored glass» of Tesla’s Cybertruck during a demonstration in November, Musk said «oh my fing god. Still, Musk has made time for an on-again, off-again relationship with Canadian singer Grimes for years, and they may be expecting a baby. Grimes posted a nude photo to Instagram Wednesday with a fetus Photoshopped on her stomach.

Who Is Elon Musk?

Mus Tesla CEO’s on-again, off-again girlfriend, Canadian singer Grimes, posted a nude photo on Instagram hinting that she’s pregnant, even implying that she is «knocked up» in the comments of another now-deleted post. A notorious workaholicMusk is a father of. The entrepreneur has previously said that he spends most of his free time at the office or in factories, retreating to one of several Los Angeles mansions he owns at the end of the day with his five other children. A representative for Musk did not immediately respond to Business Insider’s request for comment on the speculation that the couple is expecting. Source: Forbes. Source: Bloomberg. Source: Variety.