Who is Elon Musk :
Elon Musk was born on June 28, 1971 in South Africa , he is a South African-born American entrepreneur who cofounded the electronic-payment firm PayPal formed SpaceX, maker of launch vehicles and spacecraft. He was also one of the first significant investors as well as chief executive officer of the electric car manufacturer Tesla. In addition, recently Musk acquired Twitter in 2022.
About his business :
After completing his studies, In 1995 he founded Zip2, a company that provided maps and business directories to online newspapers. In 1999 Zip2 was bought by the computer manufacturer Compaq for $307 million, and then he founded an online financial services company, X.com, which later became PayPal, which specialized in transferring money online. The online auction eBay bought PayPal in 2002 for $1.5 billion.
Soon after , In 2002 he founded Space Exploration Technologies (SpaceX) to make more affordable rockets. Its first two rockets were the Falcon 1 (first launched in 2006) and the larger Falcon 9 (first launched in 2010), which were designed to cost much less than competing rockets. SpaceX has announced the successor to the Falcon 9 and the Falcon Heavy: the Super Heavy–Starship system. The Super Heavy first stage would be capable of lifting 100,000 kg (220,000 pounds) to low Earth orbit.
Musk had long been interested in the possibilities of electric cars, and in 2004 he became one of the major funders of Tesla Motors(later renamed Tesla), an electric car company that launched its first car in 2006 named as Roadster, which could travel 245 miles (394 km) on a single charge. Unlike most previous electric vehicles, which Musk thought were stodgy and uninteresting, it was a sports car that could go from 0 to 60 miles (97 km) per hour in less than four seconds. Two years later Tesla introduced the Model S sedan, which was acclaimed by automotive critics for its performance and design. The company won further praise for its Model X luxury SUV, which went on the market in 2015. The Model 3, a less-expensive vehicle, went into production in 2017 and became the best-selling electric car of all time.
Musk joined the Twitter in 2009, and, as @elonmusk, he became one of the most popular accounts on the site, with more than 85 million followers as of 2022. Musk was critical of Twitter’s commitment to principles of free speech, in light of the company’s content-moderation policies. Early in April 2022, Twitter’s filings with the SEC disclosed that Musk had bought more than 9 percent of the company. Shortly thereafter Twitter announced that Musk would join the company’s board, but Musk decided against that and made a bid for the entire company, at a value of $54.20 a share, for $44 billion. Twitter’s board accepted the deal, which would make him sole owner of the company. In September 2022, Twitter’s shareholders voted to accept Musk’s offer. Facing a legal battle, Musk ultimately proceeded with the deal, and it was completed in October.
Who Replaced him as the Richest Man of this World :
Elon Musk is no longer the world’s richest person. The Twitter owner has been dethroned as the No.1 on the rich list by Louis Vuitton boss Bernard Arnault. According to the Bloomberg Billionaires List, Musk’s total net worth stands at $164 billion ( ₹13.55 lakh crore) as compared to Arnault’s wealth of $171 billion ( ₹14.12 lakh crore).