The person with the most money has done very well with Tesla, SpaceX, and PayPal. But this is something you probably don’t know about him.
Elon Musk is an outspoken and charismatic CEO, which is a role that most companies don’t see as flashy. On the other hand, most companies aren’t the first to make electric cars like Tesla or go to space like SpaceX.
Even though Musk is well-known, there are probably some things you don’t know about him. For example, he uses many of the same strategies that the richest 1% use to deal with inflation. Here are a few examples.
1. He is From South Africa
Musk was born and raised in South Africa until he was 17. After that, he moved with his family to Canada, where he started college at Queen’s University in Kingston, Ontario.
2. He Once Worked at Paypal
Musk helped start an online bank called X.com, which later joined with another company to become PayPal. In 2002, e-commerce company eBay paid $1.5 billion for PayPal. Musk made at least $175 million from the deal. He was one of PayPal’s biggest shareholders.
3. He Didn’t Finish College
Musk only stayed at Stanford for two days before he quit. He went there at first to get a PhD in physics. Instead, he dropped out of school to start his first business, Zip2, which he sold for more than $300 million four years later.
4. To Pay His Rent, He Turned His House Into a Nightclub
In 1992, Musk was getting paid to go to school at the University of Pennsylvania. During that time, he and his roommate, Adeo Ressi, rented a house off campus, turned it into a nightclub, and charged $5 per person to get in. They would have 500 people at the party, which means it was big. Ressi said that Musk didn’t drink much and would rather play video games by himself in his room.
5. At Age 12, He Made a PC Game About Space
Elon Musk has been interested in space since he was young. At the age of 12, he wrote the code for a PC game called “Blaster,” which is a space shooter. He gave the game code to a PC magazine for $500.
6. He has a James Bond car
Musk spent almost $1 million on a Lotus Esprit in 2013. What’s the deal? Because it was a version from 1976 that had been fixed up for the movie “The Spy Who Loved Me” so that James Bond could use it as an underwater car.
7. He Opened His Own School for His Kids in SpaceX
Musk thought that regular schools didn’t teach kids the right things. He thinks that students should learn how to solve problems. Musk opened his own school at SpaceX in 2014. It was called “Ad Astra,” which is Latin for “to the stars.” Children of people who work at SpaceX can also go to this new school.
Students at this school are not put into groups based on their ages. Musk said that each student has a different set of skills and abilities, which is why they shouldn’t be forced to learn at the same pace as other students. Instead, education should be tailored to each student’s needs. There’s no way to get a grade, and everything is taught through games. Musk later said that he was inspired by the car when he made his Tesla Cybertruck.
8. Going as Fast as 750 Mph in a Pod That Floats on Water
Hyperloop is the name for this idea. Musk spread this idea by writing a white paper about it in 2013. Hyperloop is a high-speed ground transportation system made up of tubes that are sealed and partially empty. Pods, which are pressurised vehicles, carry people. These pods don’t have normal wheels; they float on air skis instead.
9. He started Boring Company
The Boring Company is not a boring business, though. It’s actually a company trying to figure out how to dig underground tunnels that can move people and goods faster than crowded roads on the surface.
10. He Doesn’t Get Paid by Tesla
Musk’s wealth comes from the stocks he owns and the companies he owns. But how much does he make as CEO of Tesla? A statement from the company says that he does not get paid.
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