Elon Musk is the world’s richest person. His companies include SpaceX, Tesla Motors, and the social networking platform X.

Elon Musk’s Latest News: Investor tapped for co-leadership of DOGE effort. Elon Musk, who supported Trump’s 2024 presidential campaign, will shortly join the Republican president-elect’s team as an advisor. Trump stated on November 12 that he selected the Tesla Motors creator to co-lead the Department of Government Efficiency, a new advisory group within Trump’s upcoming administration, along with former presidential candidate Vivek Ramaswamy.

According to Trump, the group will focus on limiting government expenditure by restructuring federal agencies and eliminating unnecessary rules. he said in the release.

The entity’s name is rather misleading because it will function as an advisory group rather than a department. An act of Congress is required to establish an official government agency. The department’s matching acronym, DOGE, is an obvious allusion to the cryptocurrency Dogecoin, which was developed as a joke but gained traction after Musk’s backing.

Elon Musk: Who Is He?

Among other businesses, Elon Musk founded SpaceX and Tesla Motors. Because of their success, he now has a net worth of over $450 billion, making him the richest person in the world. In the 1990s, the South African-born businessman launched his first ventures: X.com, a digital payment platform that subsequently evolved into PayPal, and Zip2, an online city guide. After obtaining US citizenship in 2002, Musk transitioned into the transportation sector through his most well-known businesses. He bought Twitter in 2022 and rebranded it X to diversify his assets. Under Trump’s second government, Musk, a strong supporter of U.S. In addition to his professional life, Musk is a father to 12 kids.

Elon Musk is from where?

On June 28, 1971, Musk’s father, Elon Reeve, was born in Pretoria, South Africa. The oldest lady to appear in a CoverGirl commercial is his mother, Canadian model Maye Musk. Elon supported her family while growing up by working five jobs at one time. Errol Musk, Elon’s father, is a prosperous engineer from South Africa.

Elon was born and raised in South Africa with his sister, Tosca, and brother, Kimbal. When he was ten, his parents got divorced.

Musk became interested in computers at this time and learned how to program on his own. Musk created his own game, Blastar, at the age of twelve, and sold it for $500. His parents and physicians ordered a hearing test because he was frequently so engrossed in his daydreams about innovations.

Up to the age of 15, the short, bookish, and shy child was subjected to bullying. At that time, he experienced a growth spurt and learnt how to use wrestling and karate to protect himself. Even as an adult, he has kept up his martial arts practice.

Against his parents’ wishes, Elon traveled to Canada in 1988 when he was 17 years old in order to attend college and escape serving in the South African military. In part because he believed it would be simpler to get U.S. citizenship that way, he became a citizen of Canada that year. A few years later, Elon relocated to the US, and in 2002, he obtained US citizenship.

“I felt there were opportunities to do great things in technology, so I came to North America,” he stated in 2013.

Learning

Musk enrolled at Queen’s University in Kingston, Ontario, at the same time he moved to Canada. Before moving to the University of Pennsylvania in 1992, he spent two years there. Five years later, he received his bachelor’s degrees in physics and economics.

After that, Musk went to Stanford University to work for a PhD in energy physics. He left Stanford after just two days to join the growing tech wave, though, since his move to California coincided perfectly with the internet boom.

Businesses: Tesla, SpaceX, Twitter, and Others

SpaceX was Elon Musk’s third company and is now one of his most well-known ventures.
Musk was still in college when he started his first business. He currently serves as the CEO of a number of companies, including SpaceX, Tesla Motors, and the social media platform X (formerly Twitter). Among his past and present endeavors are:

Inventions

With the development and introduction of Full Self-Driving software, Musk has made significant strides in both driverless mobility and sustainable space exploration through SpaceX and Tesla. Musk has applied this spirit of innovation to numerous endeavors, with varying degrees of success. Biological software connectivity and a new high-speed public transportation system are two of the innovations Musk has invested the most time and resources in developing.

Hyperloop

Musk unveiled his idea for a brand-new mode of transportation in August 2013 called the “Hyperloop,” which would carry passengers in pods at up to 700 mph through a system of low-pressure tubes. He suggested building a transit system between San Francisco and Los Angeles, a project that the inventor pointed out may take seven to ten years to complete and be operational. He proposed using renewable energy to power the Hyperloop.

In 2014, a startup was established to develop the Hyperloop, and the idea was passed on to other businesspeople. British businessman Richard Branson owned it for a while, but by December 2023, Bloomberg said the company had started to sell off its assets and fire its remaining staff.

Neuralink

According to a 2017 article, Musk was supporting a company named Neuralink that aimed to develop software-assistance devices that could be implanted in the human brain. Its products are made up of a tiny chip that pairs with a computer or smartphone via Bluetooth.

In 2023, veterinary documents purportedly revealed that monkeys undergoing the implant in experiments experienced “debilitating health defects,” such as paralysis and brain swelling, raising concerns about the research. Musk denied any dangers, claiming that the implant was only given to “terminal” primates and that no one had passed away as a result of the tests. Musk said the results of Neuralink’s first implant in a human subject, which was performed in January 2024, showed promise.

Net Worth

Since early 2021, Musk has held the title of richest person in the world at different times. He frequently switches places with French entrepreneur Bernard Arnault, the founder and CEO of luxury goods group LVMH, and Jeff Bezos, the founder of Amazon.

As of December 18, 2024, Musk has a net worth of $465 billion, according to Forbes’ Real-Time Billionaires List. According to a slightly higher estimate from Bloomberg, Musk’s fortune is approximately $468 billion. Musk’s wealth is very erratic because a large portion of it is invested in stocks.

Musk’s Tesla stock and options, which the Washington Post estimated were worth about $120 million as of June 2024, account for a sizable amount of his wealth. Given that Bloomberg reported that Tesla’s stock had increased 34% in the week or so following the 2024 November election, that figure is probably substantially higher presently.

In 1999, Musk received $22 million selling his interest in Zip2, which was his first significant financial gain. After eBay acquired the rebranded PayPal in 2002, he used that money to invest in X.com, which grew to a $165 million sum and gave Musk his first billion dollars.

In December 2024, Musk became the first individual in history to claim a net worth of at least $400 billion. That came next.

Ex-Wives and Children

Musk has eleven living children from his three previous marriages to two women, despite the fact that he is currently unmarried. His firstborn passed away while still a baby.

Ex-Wife Justine Wilson

The businessman married Justine Wilson in 2000.
Their first son, Nevada, passed away from SIDS at the age of ten weeks in 2002. They continued to grow their family in spite of the loss. In 2004, Elon and Justine welcomed twins, Griffin and Vivian, and two years later, triplets, Kai, Saxon, and Damian. In vitro fertilization was used to conceive all five of the children.

Legally changing her name to Vivian Jenna Wilson in 2022, Vivian is transsexual. She has no desire to be connected to Elon in any manner. She described her father as “uncaring and narcissistic” in a 2024 interview with NBC News, claiming that he mistreated her as a youngster because she was LGBT.

Elon and Justine’s marriage ultimately failed. In 2008, their acrimonious divorce was finalized.

Ex-Wife Talulah Riley

Actor Talulah Riley and Elon Musk have been married and divorced twice.
Following the dissolution of his first marriage, Musk met actor Talulah Riley. Her most well-known roles to date are in the television series Westworld and the 2005 film Pride & Prejudice.

Riley and Musk got married in 2010 but divorced in 2012. Although they made the decision to get married again in 2013, they eventually got divorced again in 2016.

Connection to Grimes

Grimes and Elon Musk during the May 2018 Met Gala.

Musk started dating musician Grimes, whose real name is Claire Boucher, in May 2018. Grimes said that month that, allegedly at Musk’s insistence, she had changed her name to “c,” the sign for the speed of light. The feminist performer’s relationship with a millionaire whose business was dubbed a “predator zone” due to allegations of sexual harassment drew criticism from fans.

But in a Wall Street Journal Magazine article published in March 2019, the pair talked about how much they loved each other.”I love C’s wild fae artistic creativity and hyper-intense work ethic,” Musk told the Journal.

Musk started dating musician Grimes, whose real name is Claire Boucher, in May 2018. Grimes said that month that, allegedly at Musk’s insistence, she had changed her name to “c,” the sign for the speed of light. The feminist performer’s relationship with a millionaire whose business was dubbed a “predator zone” due to allegations of sexual harassment drew criticism from fans.

But in a Wall Street Journal Magazine article published in March 2019, the pair talked about how much they loved each other.”I love C’s wild fae artistic creativity and hyper-intense work ethic,” Musk told the Journal.

Kids with Shivon Zilis

In November 2021, Musk and Shivon Zilis quietly welcomed two children, a daughter called Azure and a son named Strider, during their time together. Zilis leads his Neuralink startup as its project director. The child’s name and sex have not been disclosed, but Musk announced the pair had a third child together in June 2024.

According to the New York Times, Musk assisted in the acquisition of the Austin, Texas, compound where Zilis and the three children reside. When Musk is in town, he frequently sleeps at a third house on the property, which also has two mansions. The businessman told Page Six a day after the Times piece appeared that he didn’t own the compound and wasn’t planning to establish one.

Donald Trump’s advisor

Musk found common ground with the incoming commander-in-chief and his advisors following Donald Trump’s announcement of plans to undertake significant infrastructure investments following his election as U.S. president in 2016. Musk was added to the president-elect’s Strategy and Policy Forum in December of that year. In January 2017, he became a member of Trump’s Manufacturing Jobs Initiative, further cementing their partnership.

Musk defended his cooperation with the new administration, while occasionally disagreeing with the president’s contentious policies, such as a ban on immigrants from nations with a majority of Muslims. In early 2017, he tweeted, “My goals are to help make humanity a multi-planet civilization and to accelerate the world’s transition to sustainable energy, which will result in the.

Musk resigned from his advisory positions when Trump declared in June 2017 that the United States was pulling out of the Paris Climate Accord.

Having been an advisor during President Donald Trump’s first term, Elon Musk actively participated in the Republican candidate’s 2024 reelection campaign.
Musk supported the Republican presidential candidate in the 2024 race over Vice President Kamala Harris, despite their tense relationship during Trump’s first term. Following Trump’s July 2024 assassination attempt at a rally outside Butler, Pennsylvania, Musk announced he would join Trump for another event there in October.

Later that month, Musk declared that, in an attempt to register people who might support Trump, he would randomly award $1 million every day to anyone who signed a petition from his constitutionalist PAC. Musk’s attorneys contended that the beneficiaries were not truly selected at random, and a judge permitted the rewards to remain in place despite the giveaway being the focus of a lawsuit in Pennsylvania that claimed it may unfairly influence the election scheduled for November 5.

After winning, Trump declared he would designate Musk as co-chair of a new task force, the Department of Government Efficiency, to reduce wasteful federal expenditure. Reports state that will endeavor to reduce needless federal expenditures. During the transition, Musk has been reported also working closely with Trump at his Florida home in the Mar-a-Lago Club.

“The President Trump and Elon Musk are both outstanding administrators and close friends who are collaborating to Make Americans Great Again.” A spokesman for the transition team stated, “Mr. Musk is a once-in-a-generation business leader, and our government system will certainly benefit from his thoughts and efficiency.”

2018 SEC Probe
Before he bought the website, Musk was involved in a financial issue that started on Twitter. Musk made a shocking announcement on August 7, 2018, when he tweeted, “I’m thinking of taking Tesla private at $420.” Money has been obtained. As the SEC started to investigate whether Musk had actually obtained the funds as stated, the disclosure paved the way for legal action against the business and its creator. On the grounds that Musk intended to use his tweet to ambush short sellers and influence stock prices, a number of investors filed lawsuits.

Prior to closing the day up 11%, Musk’s tweet caused Tesla shares to spike. In a subsequent message posted on the business blog, the CEO referred to the decision to go private as “the best path forward.” In addition to pledging to keep his share of the business, he said he would set up a special fund to support the retention of all present investors.

In an attempt to elucidate his stance, Musk issued a statement six days later, citing conversations with the executive director of the Saudi sovereign wealth fund as the basis for his claim that “funding secured.” Later, he tweeted that he was drafting a plan to take Tesla private, with financial advisors Silver Lake and Goldman Sachs.

Musk declared that he had changed his mind and would not be taking the firm private on August 24, one day after he had met with the board. He gave several reasons, including the difficulties of keeping some of the big shareholders who were not allowed to engage in a private business and the desire of the majority of the directors to keep Tesla publicly traded.

As part of a deal with the SEC, Musk agreed to pay a $20 million fine and resign as chairman of Tesla’s board for three years, according to a statement released on September 29, 2018.

Personal Life: Asperger’s Syndrome, Religion, and Other Topics

In addition to his job and family, Musk enjoys playing video games a lot. In his official biography of Musk’s life published in 2023, biographer Walter Isaacson even labeled the pastime a “addiction.” Elden Ring, which he once described as “the most beautiful art I’ve ever seen,” is something he adores.

The movie adaptation of Isaacson’s Musk biography, which peaked at number one in the New York Times bestseller list, is presently underway. The film has Darren Aronofsky as its director. Following the project’s announcement in late 2023, Musk posted on social media, saying, “I’m glad Darren is doing it.” “He is among the greatest.”

Where Does Elon Musk Live?

Musk stated in a number of social media tweets in May 2020 that he intended to sell almost all of his material belongings. This ultimately led Musk to sell many houses and turn a $50,000 rental house in Boca Chica, Texas, into his primary residence, according to historian Walter Isaacson. The residence is close to SpaceX’s testing and development facility.

Asperger’s Syndrome

Musk disclosed that he has Asperger’s syndrome, a developmental disability that can lead to intense interest in very particular issues and difficulties with sociability and communication, during an episode of the sketch comedy show Saturday Night Live in May 2021. A year later, he went into more detail about his childhood experiences with the disease.

However, it later proved to be incorrect—[people] weren’t just expressing what they meant; there are many other things that are meant, and [it] took me some time to sort that out,” Musk said during the TED2022 conference.

Religion and Political Views

Musk stated in 2024 that, despite being long regarded as an atheist, he views himself as a “cultural Christian” and believes in the teachings of Jesus Christ, even though he may not adhere to all of the religion’s doctrines. In an interview with psychologist and podcast presenter Jordan Peterson, he stated, “I do think that the teachings of Jesus are good and wise.”

Musk’s increasing endorsement of conservative political issues has coincided with this significant change. He has utilized social media to spread his views on free expression and has questioned lockdowns during the COVID-19 pandemic in 2020. PBS claims that he has posted memes and occasionally false material on X regarding issues like transgender policies, illegal immigration, and suspected election fraud in the United States.

Broadly speaking, Musk’s enduring interests have become the preservation of the human race’s future and the limitless potential of space exploration. To this end, he established the Musk Foundation, which is devoted to both space exploration and the search for clean and renewable energy sources.

Musk promised in October 2019 to contribute $1 million to the #TeamTrees initiative, which seeks to plant 20 million trees globally by 2020. For the event, he even changed his Twitter handle to Treelon.

Musk has also made no secret of his worries over the impending global population collapse brought on by declining birth rates, which he describes as a “bigger risk to civilization.

Quotes

• I’m very pro-environment, but let’s figure out how to do it better and not jump through a dozen hoops to achieve what is obvious in the first place.
• Failure is an option here. If things are not failing, you are not innovating enough.

Published On 12-28-2024 BY NEWSPEAK