“Elon Musk”, it’s not just a name, but a massive motivation to millions of youngsters and people out there. Recently, Elon Musk, The CEO of SpaceX and Tesla, co-founder of PayPal, chairman of SolarCity, has accomplished a great landmark by becoming the World’s richest man, passing Jeff Bezos, CEO of Amazon. But, do you think the journey to becoming the World’s richest man, incredible business magnet, and the epitome of dedication is this much easy? This article will give you complete information about Elon Musk Success story and his life struggles which gives peoples to do motivational work.
Tips for success is a hard nut to crack and it requires a lot of effort, hard work, smart work, realistic and wider vision, proficiency, skills and so much more. So, today let’s have a look at the Success Story of this great man.
Early Life, Family, and Education
Elon was born on June 28, 1971, in Pretoria, South Africa. Born to an engineer father and a dietician mother, Elon Musk was intrigued by computers & technology since his childhood days. He had the mind and thoughts of an entrepreneur from starting. His parents split up when was 10 years old. He was a very smart & talented kid. He was severely bullied in his childhood. Elon purchased his first computer when he was 10 and taught himself how to code. At the age of 12, he built his own software, a video game called “Blastar”.
After graduating high school, Musk attended the University of Pretoria for five months after which he moved to Canada and entered Queen’s University, to avoid serving the army which was mandatory back then in South Africa. But, he didn’t finish the course and took a transfer to the University of Pennsylvania.
Getting through college was not an easy task again for him. He financed his college education by taking up two different jobs, loans, and scholarships. He has two bachelor’s degrees- one in Physics and one in Economics. Later, he was accepted in a Ph.D. program at Stanford University in energy physics but he dropped out after 2 days for pursuing his tech and entrepreneurial dream.
Elon Musk Success Story, Companies, & Further Ventures
Elon’s first startup was an internet company called zip2 along with his brother and a friend. He even used to sleep on his startup’s couch to save money and avail restroom facilities in a nearby gym. After 4 years they sold their company to Compaq for 307 million dollars.
After that, he invested his $22 million, which was his share of the money, in a financial services company, X.com that later turned into PayPal. The company was then sold to eBay for $ 1.5 billion and Elon got rich after this deal as he got $165 million.
After this Elon could have rested or could have used his entire money for getting all luxuries of life. Where most of the people would have stopped, Elon started from there. Others would have chosen a comfortable life with no more hard work and effort. But, Elon kept on working hard and smart. He invested his money in two companies. One was Tesla Motors, an electric automaker Company and the other was SpaceX, a company based on commercial space exploration.
He put all his efforts, blood, hard work, money and gave his best and worked, fought tirelessly for the two companies. He took tough decisions, fired many employees, and did everything which was best for the two companies. Tesla then emerged as a remarkable company and today it’s considered one of the most valuable companies in the World.
SpaceX failed at the starting. They tried to reach orbit thrice, but couldn’t. And every failure was causing them millions. But, he didn’t give up and rectified and tried. Finally, SpaceX succeeded in its 4th attempt to reach Orbit. They had a deal from NASA. And after this, there was no coming back. They have done wonders. SpaceX is the first private company that has sent a spacecraft to the International Space Station.
His dedication, sincerity, and never-giving-up attitude have brought immense success and wealth to him. He works for about 100 hours a week and manages to give time to his family too. He’s confident, focused, and daring. “When something is important enough, you do it even if the odds are not in your favor.” It is evident from this statement that he took risks but made sure to give his best.
Presently Elon Musk’s net worth is around $ 200 billion and he is the richest man in the World. He dreams big and has transformed industries of Space, Finance, and automobiles. He’s a legend. He never let the fear of failure overrule him. He’s a real-life hero. The World needs more entrepreneurs like him who are solving World Problems with the latest technologies and practical solutions.
Elon Musk’s determination to achieve his goals and to face challenges boldly in life has made him what he is today. Elon Musk is widely known for his out-of-the-box thinking, phenomenal vision, and hard work. He is passionate & sincere about his work and that has made all the difference. He’s open to ideas and always devises ways to improvise and make his work better. We can inculcate innumerable things from him. He’s indeed a great man and an unlimited source of inspiration for many which we have covered in this article i.e. about Elon Musk Success Story.
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