Elon Musk is more than a billionaire New
York Times described him as a thrill Ian
Ayre by the end of this video you'll
learn what that is and why musk is the
epitome of this new breed of successful
entrepreneurs Elon Musk is best known as
the founder CEO of tech companies
including SpaceX Tesla incorporated the
April 2018 enjoys a net worth of
nineteen point six billion u.s. dollars
he's famous for being innovative
future-looking and decisive in response
to his support for hashtag delete
facebook following Facebook's
mishandling of personal data his Twitter
followers challenged him to delete his
own company's Facebook presence within
minutes the official pages of SpaceX and
Tesla with millions of followers were
gone he is the man his can do take
action attitude runs through his
business life born in South Africa in
1971 Musk's father was an engineer and
his mother originally from panagra
worked as a nutritionist they divorced
while he was still a kid and must live
with his father in Pretoria he would
read for up to ten hours a day and many
of these books provided inspiration for
his innovative way of thinking as a
young protege he created his own video
game and sold it when he was just 12
this was the era of apartheid which
denied equal rights to the country's
majority black population thanks to his
mother's heritage he was able to enroll
in Queen's University in Ontario Canada
and avoid compulsory military service he
didn't have an issue with serving in the
military but serving in the South
African army of that era oppressing
people wasn't for the young Elon Musk
transferring to the University of
Pennsylvania after winning a scholarship
he received bachelor's degrees in
physics and economics he then headed to
Stanford to pursue a PhD but dropped out
after only two days to build his own
internet business his first company was
zipped to an online city guide which
soon posted clients like the New York
Times and the Chicago Tribune zip to was
purchased in 1999 by a division of
Compaq
in a deal worth over 300 million as a
result musk became a multi-millionaire
at 28 years old must use some of the
proceeds to co-found XCOM an online
financial services company just a year
later
XCOM merged with kaan finiti which had a
little money transfer service called
PayPal pretty soon a company realized
the services massive potential and
rebranded the merged company as PayPal
PayPal was acquired by eBay in 2002 for
1.5 billion must received 165 million
dollars from the sale
it was now time for him to turn his
attention to even greater society
changing ideas again using a portion of
his fortune musk founded SpaceX in 2002
the company would focus on private
sector reusable rockets and vehicles
with the grand ambition of future
settlement on Mars in 2004 musk
investing in and joined an electric car
company called Tesla incorporated he
quickly became one of its largest
shareholders as well as CEO 2013 saw
musk unveil the Hyperloop an ultra
high-speed transportation system
incorporating capsules in reduced
pressure his next venture came in 2016
when he founded the boring company as a
tunnel construction solution to create
more efficient transportation
infrastructure oh and they sell
flamethrowers makes sense right he
admits it takes up to 2 to 3 percent of
his time and calls it a hobby muss
co-founded neural Inc in 2016 to develop
ways of integrating artificial
intelligence with the human mind dirty
is time at zip2 musk said failure is an
option here if things are not failing
you are not innovating it on what his
businesses have in common is a desire to
dream of a better more advanced future
and not keep on doing things the same
old ways just because and to be
unintimidating by risk brilliant errors
then of which Elon Musk is a leading
example are a class of high-tech
entrepreneurs using their wealth to help
make science-fiction dreams reality
thanks for watching this video we look
forward to making a video on your
billion-dollar success story one day
don't forget to click the subscribe
button and see how other billionaires
got to where they are today
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