Elon Musk is now officially worth $303.9 billion.
• The richest person in the world
• The only individual in the $300 billion club
• Projected to become the world’s first trillionaire by 2027
This is why I think that Donald Trump’s new best friend deserves this
In 2002, Ebay bought Musk’s second business he founded called Pay Pal.
He was the largest shareholder at that time. At the time of the sale, Musk held 7,109,989 shares of PayPal, an 11.7% stake.
Musk no longer holds a stake in PayPal. He left his position after the sale of the company, and he got $180 million as his own share from the sale of PayPal.
Elon Musk was just 31 years old at that time, but he was wise beyond his age.
Instead of lavishing the money by travelling all over the world with his new payout/windfall or shouting all over the place, money na water.
With the mindset of delayed gratification knowing he has not arrived or barely scratched the surface
Elon chose to invest the windfall in his three new businesses at that time.
He invested $100 million at his rocket company, Spacex, $70 million at Tesla, which was facing bankruptcy at that time, and then $10 million at another business, Solar City.
He was so broke after making these investments that he had to borrow money from his mom for rent, but for him, it does not matter.
He is looking at the long term.
Playing the long-term message, knowing that tomorrow will be better and his life will certainly become better if he starves today.
And the bet he took on himself worked out.
Today, Tesla is the most valuable car in the world; no other car company comes close to the innovation that is Tesla.
SpaceX is so big and so influential that the US government relies on it to send satellites to the space station.
The other time, a group of astronauts were stuck in the space
It was SpaceX that evacuated them and brought them back to the earth.
Star Link, a subsidiary of SpaceX, is powering the war in Ukraine as the Ukrainian military uses Star link for communication for the troops in the battlefield.
Star Link is also big in Nigeria, as many families I know are using Star Link for internet experience.
Elon Musk had grown so big that he had other businesses like the
The boring company
The company was founded on the premise that traffic is awful but travelling above ground isn’t necessary—traffic woes could be “solved” by using the miles and miles of earth beneath roadways that is the underground tunnel.
The company’s goal is to reduce the cost of tunnelling while also making production more efficient.
Neuralink
A neurotechnology company that helps people with paralysis communicate by allowing them to remotely control devices using brain activity
The company is currently developing a brain chip, which they hope to install on the brains of patients who are paralysed, to enable them to live meaningful lives.
And then
Note that Elon Musi was originally born in an African country, South Africa, where he grew up, and he moved to the US in the 90’s for studies, but today, he is the richest person alive in the US. A country he arrived in as an immigrant.
There are so many lessons to learn from the world’s richest man.
And one of them is to take risks when you are young.
20’s and 30’s are the best time to take the risk that could fundamentally change or alter the final outcome of your life.
And also, financial discipline is a must if you are to get ahead of the rest of the world.
You must learn how to manage money, how to grow money, how to spend wisely, and how to live on a budget.
And most importantly, take a bet on yourself.
Even when people don’t believe in you or doubt you.
Always bet on yourself that you will achieve something, that you will succeed, and that you will be successful.
The universe rewards men and women who take a hard bet on themselves to change the final outcome of their livee and for me, Elon Musk is the poster boy of this.
This is why Elon Musk is special and deserves whatever wealth he controls today.
