Elon Musk: New World's Richest Man


The entire world stood awe in amazement when South Africa born Elon Reeve Musk FRS is a business magnate, industrial designer and engineer who surpassed Amazon Chief, Jeff Bezos on the richest people in the world to climb to number 1. The automobile guru has just come back from multiple losses to unsit Bezos in 2021. The CEO of Tesla, dealers of electric automobiles was a Silicon Valley disruptor at a point in California. The 49 year old is now worth at about $180 billion, he relocated to Texas from California last month cause according to him California was winning too much and could get complacent thereby taking your eyes away from the ultimate prize. In his words ' California has been winning for a long time and they are taking it for granted. Musk who was born in South Africa to a South African father, Errol Musk and a Canadian mother, Maye Musk and raised in Pretoria, South Africa. Elon Musk has passport from both the United States and Canada after he studied in Ontario and Pennsylvania state of USA.

"How strange," Musk twitted after he heard of the development and then twitted again " Well back to work". The mogul who has more than than 41 million followers on twitter. Musk didn't just wake up and was a billionaire, at age 25 he made an online advertising platform called Zip2 which he later sold to Compaq Computer and by 30 was declared a millionaire. He then created an online bank, X.com which joined into PayPal and sold it later to eBay for a fine tune of $1.5 billion in 2002. But the past year Musk has entered a different line moving into transportation business.  Elon Musk founded spacecraft company SpaceX, an aerospace manufacturer and space transport services company, majoring in electric orientated car which gave birth to Tesla. Although hitting a rough pact in 2018, Musk said that the success of Telsa is very important to the future of the world and Earth in general. Telsa Model 3 was one of is project which applied more to the middle class that the rich. Late 2018 was a very tough time for Musk especially in August and was later indicted by Security and Exchange Commission (SEC), who asked him to leave the Telsa Chair, follow supervised protocols on all his social media and pay a fine of 20 million dollars. Also in 2018 Musk was sued by Caver Vernon Unsworth ho claimed he insulted by calling him a "pedo guy" on social media after he mocked Musk for offering a mini submarine to the Thai soccer boys who were crapped in a cave summer of 2018. But luckily for Musk the charges were squashed by a California jury in December of 2019 stating that it wasn't defamation.

2020 was indeed a good year for Musk and Telsa, scores of new factories, but in California and Shanghai China and great improvement in market value. But what is Musk without controversies, even though they had reduced, Musk fell out with the Alameda County health authorities over restrictions of his staff because of the Coronavirus pandemic. In the process basking the support of US President Donald Trump, he claimed his workers are also essential staff and should be exempted from the current curfew imposition thereby resuming work normally. After a lot of back and forth with the California authorities and the Alameda County, a compromise was finally reaced and Telsa staff were deemed essential staff and were as such exempted from the curfew. Even though people say that Trump had a lot of influence in the outcome. A lot of people hadn't heard the name Elon Musk before but due to his new success he is now a household name. Stay on ritrend.com for more....

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