elon musk education biography

How Elon Musk’s Educational Background Shaped His Career

Elon Musk is among the world's most charismatic business leaders. How did his educational background shape his career?

Nov. 25 2020, Published 7:54 a.m. ET

Tesla CEO Elon Musk is among the most charismatic yet controversial business leaders. His fans see him as an innovator and disruptor who is redefining the automotive industry. However, many others think he's overhyped Tesla. What's Elon Musk’s educational background, and how did it shape his career? 

All major automakers are focusing on EVs (electric vehicles) in 2020, in stark contrast to six years back when Fiat Chrysler’s then-CEO Sergio Marchionne discouraged buyers from buying its electric 500e , arguing that the company was losing money on the car. Today, all automakers agree that EVs and alternative fuels are the future.

Who is Elon Musk?

Musk isn't just CEO of Tesla—he founded several companies, too. He was the founder and CEO of The Boring Company and SpaceX, and the cofounder of Neuralink and OpenAI. In 1999, he founded X.com, which later became PayPal.

Musk was also chairman at Tesla but had to quit the position as part of a settlement with the SEC, in relation to his tweet about “taking Tesla private.” He has had an acrimonious relationship with authorities, and has called the SEC the “Shortseller Enrichment Commission."

Am considering taking Tesla private at $420. Funding secured. — Elon Musk (@elonmusk) August 7, 2018

Musk was also part of Donald Trump’s advisory council. However, he left the position after Trump pulled the U.S. from the Paris climate deal. As a brand ambassador for renewable energy and EVs, Musk’s couldn't stay on Trump’s advisory council after the pullout.

Where was Elon Musk born and who are his parents?

Musk was born in Pretoria, South Africa, on June 28, 1971. His parents divorced when he was about 10. His father Errol Musk is an engineer, and his mother Maye Musk is a dietician and model—she's been modeling for 50 years and was the oldest woman to feature in a CoverGirl campaign in 2017.

Where did Elon Musk get his education?

In 1989, Musk immigrated to Canada to attend Queen’s University, where he spent two years before transferring to the University of Pennsylvania. He graduated with a BSc in physics and a BA in economics. After graduation, Musk moved to California to pursue a PhD in energy physics, but he left the course in just two days and launched his first company, Zip2, in 1995. 

. @elonmusk 's net worth is now up $100+ billion since the start of 2020 That must be a wealth creation record of some kind — Brian Feroldi (@BrianFeroldi) November 24, 2020

Zip2 was later sold to a division of Compaq Computers, making Musk a multimillionaire before he turned 30. In November 2020, he became the world's second-richest person after his net worth surpassed that of Microsoft co-founder Bill Gates. Musk’s net worth ballooned by over $100 billion in 2020.

Did Musk’s education shape his career?

Although Musk was educated in both physics and economics, it is physics that seems to have shaped his career the most. He has called physics “a good framework for thinking,” and Tesla’s abilities in software and battery technology are admired by rival automakers.

However, Musk is also a great marketer. With him at the helm, Tesla doesn't need to market its vehicles—he has used Twitter brilliantly to market Tesla without spending a penny!

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Early Life and Education

Notable accomplishments, personal eccentricities, the bottom line.

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Who Is Elon Musk?

Nathan Laine / Bloomberg / Getty Images

Elon Musk, born in Pretoria, South Africa, is one of the most successful entrepreneurs of all time. Musk has achieved global fame as the chief executive officer (CEO) of electric automobile maker Tesla ( TSLA ) and the private space company SpaceX. Musk was an early investor in several tech companies, and in October 2022, he completed a deal to take X (formerly Twitter) private.

His success and personal style have given rise to comparisons to other colorful tycoons from U.S. history, including Steve Jobs , Howard Hughes, and Henry Ford . He was named the richest person in the world in 2021, surpassing Amazon ( AMZN ) founder Jeff Bezos. Musk is the richest person in the world as of Feb. 15, 2024.

Let’s look briefly at the life of the man who has scaled the pinnacle of the business world.

Key Takeaways

• Elon Musk is the charismatic CEO of electric car maker Tesla and rocket manufacturer SpaceX.
• Following a contested process, Musk completed a deal to buy the company behind X in October 2022, becoming the owner of the social media company.
• Born and raised in South Africa, Musk spent time in Canada before moving to the United States.
• Educated at the University of Pennsylvania in physics, Musk started getting his feet wet as a serial tech entrepreneur with early successes like Zip2 and X.com, which merged with a company that became PayPal.
• Musk has behaved eccentrically from time to time.

Bailey Mariner / Investopedia

Elon Reeve Musk was born in 1971 in Pretoria, South Africa, the oldest of three children. His father was a South African engineer, and his mother was a Canadian model and nutritionist. After his parents divorced in 1980, Musk lived primarily with his father. He would later dub his father “a terrible human being...almost every evil thing you could possibly think of, he has done.”

“I had a terrible upbringing. I had a lot of adversity growing up. One thing I worry about with my kids is they don’t face enough adversity,” Musk would later say.

Bullied as a Child

Musk attended the private, English-speaking Waterkloof House Preparatory School—he started a year early—and later graduated from Pretoria Boys High School. A self-described bookworm, he made few friends in those places.

“They got my best (expletive) friend to lure me out of hiding so they could beat me up. And that (expletive) hurt,” Musk said. “For some reason, they decided that I was it, and they were going to go after me nonstop. That’s what made growing up difficult. For a number of years, there was no respite. You get chased around by gangs at school who tried to beat the (expletive) out of me, and then I’d come home, and it would just be awful there as well.”

Early Accomplishments

Technology became an escape for Musk. At 10, he became acquainted with programming using a Commodore VIC-20, an early and relatively inexpensive home computer. Before long, Musk had become proficient enough to create Blastar—a video game in the style of Space Invaders. He sold the BASIC code for the game to a PC magazine for $500.

In one telling incident from his childhood, Musk and his brother planned to open a video game arcade near their school. Their parents nixed the plan.

Musk’s College Years

At 17, Musk moved to Canada. He would later obtain Canadian citizenship through his mother.

After emigrating to Canada, Musk enrolled at Queen’s University in Kingston, Ontario. It was there that he met Justine Wilson, an aspiring writer. They would marry and have six sons together, a first son, twins, and then triplets, before divorcing in 2008.

Entering the U.S.

After two years at Queen’s University, Musk transferred to the University of Pennsylvania. He took on two majors, but his time there wasn’t all work and no play. With a fellow student, he bought a 10-bedroom fraternity house, which they used as an ad hoc nightclub.

Musk graduated with a bachelor of science degree in physics, in addition to a bachelor of arts in economics from the  Wharton School . The two majors foreshadowed Musk’s career, but it was physics that left the deepest impression.

“(Physics is) a good framework for thinking,” he would say later. “Boil things down to their fundamental truths and reason up from there.”

Musk was 24 years old when he moved to California to pursue a Ph.D. in applied physics at Stanford University. But, with the Internet exploding and Silicon Valley booming, Musk had entrepreneurial visions dancing in his head. He left the Ph.D. program after just two days.

In 1995, with $15,000 and his younger brother Kimbal at his side, Musk started Zip2, a web software company that would help newspapers develop online city guides.

In 1999, Zip2 was acquired by Compaq Computer Corp. for $341 million. Musk used his Zip2 buyout money to create X.com, a fintech venture before that term was in wide circulation.

X.com merged with a money transfer firm called Confinity, and the resulting company came to be known as PayPal. Peter Thiel ousted Musk as PayPal CEO before eBay ( EBAY ) bought the payments company for $1.5 billion, but Musk still profited from the buyout via his 11.7% PayPal stake.

“My proceeds from PayPal after tax were about $180 million,” Musk said in a 2018 interview. “$100 (million) of that went into SpaceX, $70 (million) into Tesla, and $10 (million) into SolarCity. And I literally had to borrow money for rent.”

In 2017, Musk purchased the X.com domain name back from PayPal, citing its sentimental value.

Musk became involved with the electric cars venture as an early investor in 2004, ultimately contributing about $6.3 million, to begin with, and joined the team, including engineer Martin Eberhard, to help run a company then known as Tesla Motors. Following a series of disagreements, Eberhard was ousted in 2007, and an interim CEO was hired until Musk assumed control as CEO and product architect. Under his watch, Tesla has become the world’s most valuable automaker.

In addition to producing electric vehicles, Tesla maintains a robust presence in the solar energy space, thanks to its acquisition of SolarCity. The company currently produces two rechargeable solar batteries. The smaller Powerwall was developed for home backup power and off-the-grid use, while the larger Powerpack is intended for commercial or electric utility grid use.

Musk used most of the proceeds from his PayPal stake to found Space Exploration Technologies Corp., the rocket's developer commonly known as SpaceX. By his own account, Musk spent $100 million to found SpaceX in 2002 .

Under Musk’s leadership, SpaceX landed several high-profile contracts with the U.S. National Aeronautics and Space Administration (NASA) and the U.S. Air Force to design space launch rockets. Musk has publicized plans to send an astronaut to Mars by 2025 in a collaborative effort with NASA.

The company was founded in March 2006 as Twitter by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. Originally a private company, it went public in November 2013. It raised $1.8 billion through its initial public offering (IPO) .

Musk joined the site in June 2009. A frequent poster on the messaging network, Musk disclosed a 9.2% stake in X in April 2022. The company responded by offering Musk a seat on the board, which he accepted before declining days later. Musk then sent a bear hug letter to the board proposing to buy the company at $54.20 per share.

The company’s board adopted a poison pill provision to discourage Musk from accumulating an even larger stake, but they ultimately accepted Musk’s offer after he disclosed $46.5 billion in committed financing for the deal in a securities filing.

In July 2022, Musk attempted to cancel the deal , arguing that X had failed to provide certain information regarding fake accounts. The company sued Musk to require him to complete the deal.

After months of legal wrangling, the billionaire’s plan to buy the social media platform came to fruition, and Musk took control of the company on Oct. 28, 2022. The company was renamed X the following year.

During his May 8, 2021, appearance on the TV show Saturday Night Live , Musk revealed that he has Asperger’s syndrome, an autism spectrum disorder. “I’m actually making history tonight as the first person with Asperger’s to host SNL . Or at least the first to admit it,” he said. How does the neurodevelopment condition manifest itself? “I don’t always have a lot of intonation or variation in how I speak, which I’m told makes for great comedy,” Musk explained.

On Sept. 7, 2018, Musk smoked cannabis during a filmed interview for a podcast.

Just a month earlier, Musk posted an infamous tweet claiming he was considering taking Tesla private and had secured the needed funding. Musk subsequently settled a Securities and Exchange Commission (SEC) complaint alleging he knowingly misled investors with the tweet by paying a $20 million fine along with the same penalty for Tesla and agreeing to let Tesla’s lawyers approve tweets with material corporate information before posting.

In March 2022, Musk filed a court motion to overturn the consent decree stemming from that case. In April 2022 during a live TED Talk, Musk called the SEC regulators on the case “bastards.”

Is Elon Musk Married?

Elon Musk has been divorced three times—twice from his second wife, Talulah Riley. From 2018 to 2022, he was in a relationship with Canadian singer/songwriter Claire Elise Boucher, professionally known as Grimes, with whom he had a son in 2020, a daughter in 2022, and a third child revealed in 2023. They remain best friends. He also has six boys from his first marriage to Justine Musk. He also shares twins with Shivon Zilis. Musk has a total of 11 children.

How Rich Is Elon Musk?

Elon Musk’s net worth was estimated at $205 billion as of Feb. 15, 2024, making him the wealthiest person on the planet.

Was Elon Musk Born Rich?

No, Elon Musk was born into a middle-class family. In 1995, when he founded X.com, he reportedly had more than $100,000 in student debt and struggled to pay rent.

What Does Elon Musk Do at Tesla?

Elon Musk is officially listed as the co-founder and chief executive officer of Tesla on the company’s website. In a 2021 securities filing, the company disclosed an additional Musk title as “Technoking of Tesla.”

What Companies Does Elon Musk Own?

Elon Musk is a large stakeholder in several companies, including Tesla, SpaceX, The Boring Co., Neuralink, and X Corp.

Musk’s early interests in philosophy, science fiction, and fantasy novels are reflected in his idealism and concern with human progress—and in his business career. He works in fields he has identified as crucial to humanity’s future, notably the transition to renewable energy sources, space exploration, and the Internet.

Musk has defied critics, disrupted industries, and made the most money anyone ever has from PayPal, Tesla Motors, SolarCity, and SpaceX—game changers all, despite the inevitable missteps.

The New York Times. “ Elon Musk Has Become the World’s Richest Person, as Tesla’s Stock Rallies .”

Bloomberg. “ Bloomberg Billionaires Index .”

Rolling Stone. “ Elon Musk: The Architect of Tomorrow .”

Bloomberg. “ Bloomberg Billionaires Index: Elon Musk .”

The Washington Post. “ The 22 Most Memorable Quotes from the New Elon Musk Book, Ranked .”

Gizmodo. “ Elon Musk: The Tech Maverick Making Tony Stark Look Dull .”

Anna Crowley Redding, via Google Books. “ Elon Musk: A Mission to Save the World .” Feiwel & Friends, 2019.

Esquire. “ Elon Musk: Triumph of His Will .”

Marie Claire. “ ‘I Was a Starter Wife’: Inside America’s Messiest Divorce .”

CNBC. “ Elon Musk Ran a Nightclub Out of His College Frat House to Make Money for Rent .”

Inc. “ Elon Musk Just Said MBAs Are Overrated, and He’s Dead Right .”

TED. “ Elon Musk: The Mind Behind Tesla, SpaceX, SolarCity... ,” read transcript, 19:19 (Video).

Fortune. “ Why Elon Musk Dropped Out of Stanford After Only Two Days .”

X. “ Elon Musk, Dec. 28, 2019, 6:22 PM .”

CNBC. “ Elon Musk Tried to Pitch the Head of the Yellow Pages Before the Internet Boom: ‘He Threw the Book at Me’ .”

Compaq Computer, via U.S. Securities and Exchange Commission. “ Form 10-Q for the Quarterly Period Ended Sept. 30, 1999 ,” Page 6.

PayPal, via U.S. Securities and Exchange Commission. “ Form S-1 ,” Page 9.

PayPal, via U.S. Securities and Exchange Commission. “ Form 10-K for the Fiscal Year Ended Dec. 31, 2001 ,” Pages 75–78.

U.S. Securities and Exchange Commission. “ Exhibit 99.1: eBay to Acquire PayPal .”

YouTube. “ Elon Musk Interview [I Made 180 Million Dollars but Still Had to Borrow Money for Rent] ,” 1:58–2:14 (Video).

X. “ Elon Musk, July 10, 2017, 9:10 PM .”

Wired. “ How Elon Musk Turned Tesla into the Car Company of the Future .”

Tesla. “ Tesla and SolarCity .”

Tesla. “ Powerwall .”

Tesla, via Internet Archive. “ Powerpack .”

SpaceX. “ Updates .”

YouTube. “ People Should Arrive on Mars in 2025 .” (Video)

Britannica. " X ."

X. " Elon Musk ."

U.S. Securities and Exchange Commission. “ Schedule 13G, March 14, 2022 .”

X. “ Parag Agrawal, April 5, 2022, 8:32 AM .”

X. “ Parag Agrawal, April 10, 2022, 11:13 PM .”

U.S. Securities and Exchange Commission. “ Amendment No. 2 to Schedule 13D/A, April 13, 2022 .”

U.S. Securities and Exchange Commission. “ Form 8-K, April 15, 2022 .”

U.S. Securities and Exchange Commission. “ Amendment No. 3 to Schedule 13D, April 20, 2022 .”

CNBC. “ Elon Musk Now in Charge of Twitter, CEO and CFO Have Left, Sources Say .”

The New York Times. " From Twitter to X: Elon Musk Begins Erasing an Iconic Internet Brand ."

YouTube. “ Elon Musk Monologue—SNL .” (Video)

YouTube. “ Joe Rogan Experience #1169—Elon Musk ,” 2:10–2:11 (Video).

X. “ Elon Musk, Aug. 7, 2018, 12:48 PM .”

U.S. Securities and Exchange Commission. “ Elon Musk Settles SEC Fraud Charges; Tesla Charged with and Resolves Securities Law Charge .”

U.S. District Court, Southern District of New York. “ Defendant Elon Musk’s Notice of Motion to Quash & to Terminate Consent Decree .”

YouTube. “ Elon Musk Talks Twitter, Tesla and How His Brain Works—Live at TED2022 ,” 27:15–29:11 (Video).

Vanity Fair. “ Elon Musk Splits with Actress Talulah Riley for the Second (or Third?) Time .”

TODAY. " Who Are Elon Musk's Children? "

X. “ Grimes, March 10, 2022, 11:32 AM .”

Vanity Fair. “‘ Infamy Is Kind of Fun’: Grimes on Music, Mars, and Her Secret New Baby with Elon Musk .”

The Economic Times. “ Elon Musk Had Over $100K of Student Debt When He Started 1st Company, Turned His Room into Nightclub to Pay Rent .”

Tesla. “ Elon Musk .”

U.S. Securities and Exchange Commission. “ Form 8-K, March 15, 2021 .”

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Biography of Elon Musk

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Elon Musk is best known for being the co-founder of PayPal, a money-transfer service for Web consumers, for founding Space Exploration Technologies or SpaceX, the first private company to launch a rocket into space and for founding Tesla Motors, which builds electric cars.

Famous Quotes from Musk

• "Failure is an option here. If things are not failing, you are not innovating enough."
• "It is where great things are possible" [Musk on moving to the USA]

Background and Education

Elon Musk was born in South Africa, in 1971. His father was an engineer and his mother is a nutritionist. An avid fan of computers, by the age of twelve, Musk had written the code for his own video game, a space game called Blastar, which the preteen sold for a profit.

Elon Musk attended Queen's University in Kingston, Ontario, Canada, and transferred to the University of Pennsylvania, where he earned two bachelor's degrees in economics and physics. He was admitted to Stanford University in California with the intention of earning a PhD in energy physics. However, Musk's life was about to change dramatically.

Zip2 Corporation

In 1995, at the age of twenty-four, Elon Musk dropped out of Stanford University after just two days of classes to start his first company called Zip2 Corporation. Zip2 Corporation was an online city guide that provided content for the new online versions of the New York Times and the Chicago Tribune newspapers. Musk struggled to keep his new business afloat, eventually selling majority control of Zip2 to venture capitalists in exchange for a $3.6 million investment.

In 1999, the Compaq Computer Corporation bought Zip2 for $307 million. Out of that amount, Elon Musk's share was $22 million. Musk had become a millionaire at the age of twenty-eight. That same year Musk started his next company.

Online Banking

In 1999, Elon Musk started X.com with $10 million dollars from the sale of Zip2. X.com was an online bank, and Elon Musk is credited with inventing a method of securely transferring money using a recipient's e-mail address.

In 2000, X.com bought a company called Confinity, which had started an Internet money-transfer process called PayPal. Elon Musk renamed X.com/Confinity Paypal and dropped the company's online banking focus to concentrate on becoming a global payment transfer provider.

In 2002, eBay bought Paypal for $1.5 billion and Elon Musk made $165 million in eBay stock from the deal.

Space Exploration Technologies

In 2002, Elon Musk started SpaceX aka the Space Exploration Technologies. Elon Musk is a long-standing member of the Mars Society , a nonprofit organization that supports the exploration of Mars, and Musk is interested in establishing a greenhouse on Mars. SpaceX has been developing rocket technology to enable Musk's project.

Tesla Motors

In 2004, Elon Musk cofounded Tesla Motors, of which he is the sole product architect. Tesla Motors builds electric vehicles . The company has built an electric sports car, the Tesla Roadster, the Model S, an economy model four door electric sedan and plans to build more affordable compact cars in the future.

In 2006, Elon Musk co-founded SolarCity, a photovoltaics products and services company with his cousin Lyndon Rive.

In December 2015, Elon Musk announced the creation of OpenAI, a research company to develop artificial intelligence for the benefit of humanity.

In 2016, Musk created Neuralink, a neurotechnology startup company with a mission to integrate the human brain with artificial intelligence. The aim is to create devices that can be implanted in the human brain and merge human beings with software.

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Tesla CEO Elon Musk: His career, life, and companies he started

• Elon Musk is the CEO of Tesla. He's also cofounder other major companies, including SpaceX.
• He was born in South Africa and founded his first startup in the '90s.
• Musk is a polarizing figure who has incited lawsuits and SEC investigations. 

Elon Musk was born on June 28, 1971, in Pretoria, South Africa.

His mother, Maye Musk , is a professional dietitian and model, appearing on boxes of Special K cereal and the cover of TIME magazine. Last year, at the age of 74, she was on the cover of Sport Illustrated's swimsuit edition.

Maye and Musk's father, Errol, were married for nearly a decade before they divorced. Maye said in her book that she'd wanted to end the marriage earlier, but the Divorce Act, which legalized the termination of a marriage in South Africa, was not enacted until 1979. Musk's parents divorced the same year the law was passed.

After their parents divorced, 9-year-old Musk and his younger brother Kimbal  decided to live with their father. It wasn't until after the move was made that his notoriously troubled relationship with his dad began to emerge. "It was not a good idea," Musk said of the move in an interview with Rolling Stone.

Musk's school days weren't easy — he was once hospitalized after being beaten by bullies. The bullies threw Musk down a set of stairs and beat him until he blacked out, as detailed in Ashlee Vance's book "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future." Musk's father told Business Insider the incident took place after Musk made some insensitive comments to a classmate.

The Tesla CEO has said he didn't always feel he was on the same wavelength as his classmates.

"Social clues were not intuitive," Musk said during a TED conference last year. In 2021, the billionaire said during his performance on " Saturday Night Live " that he has Asperger's syndrome.

Musk has said he spent a lot of his childhood reading and coding late into the night — and it paid off. At 17, he took a university-level aptitude test on his computer programming skills. Examiners made him retake the test because they had never seen such a high score, his mother said in a tweet. 

After graduating from high school, Musk moved to Canada with his mother, Maye; his sister, Tosca, and his brother, Kimbal, and spent two years studying at Queen's University in Kingston, Ontario, according to the school.

He later finished his studies at the University of Pennsylvania, earning degrees in physics and economics.

While studying at the  University of Pennsylvania , Musk and a classmate rented out a 10-bedroom frat house and turned it into a nightclub. The move, which Musk undertook with Adeo Ressi, was one of his first entrepreneurial experiments, Vogue reported.

After graduation, Musk traveled to Stanford University to study for his Ph.D. — but he barely started the program before leaving it. He deferred his admission after only two days in California, deciding to test his luck in the dot-com boom that was just getting underway. He never returned to finish his studies at Stanford.

Musk's college girlfriend Jennifer Gwynne would later auction a set of photos of Musk from his time studying at the University of Pennsylvania.

Late 1990s - 2000: Early career

With brother Kimbal, Musk launched Zip2. A cluster of Silicon Valley investors helped to fund the company, which provided city travel guides to newspapers like The New York Times and Chicago Tribune, per the Rolling Stone interview with Musk.

While Zip2 got off the ground, Musk lived in the office and showered at a local YMCA, he said in a Stanford University video. The hard work paid off when Compaq bought Zip2 in a deal worth $341 million in cash and stock, earning Musk $22 million.

Musk next started  X.com , an online banking company. He launched the company in 1999 using $10 million of the money he got from the Zip2 sale, Investopedia reported. About a year later, X.com merged with Confinity, a financial startup cofounded by Peter Thiel, to form PayPal.

Musk was named the CEO of the newly minted PayPal — but it wouldn't last long. While Musk was en route to Australia for a much-needed vacation, PayPal's board fired him and made Thiel the new CEO. "That's the problem with vacations," Musk told Fortune years later about his ill-fated trip in late 2000.

2002-2004: Elon Musk starts SpaceX and invests in Tesla

But things worked out for Musk — he made another windfall when eBay bought PayPal in late 2002. As PayPal's single biggest shareholder, he netted $165 million of the $1.5 billion price eBay paid, Money.com reported.

Even before the PayPal sale, Musk was dreaming up his next move, including a wild plan to send mice or plants to Mars. In early 2002, Musk founded the company that would be known as Space Exploration Technologies , or SpaceX, with $100 million of the money received from the PayPal sale. Musk's goal was to make spaceflight cheaper by a factor of 10.

One early SpaceX vehicle was named after the song "Puff the Magic Dragon." The name of the spacecraft, the Dragon, was Musk's jab at skeptics who told him SpaceX launches would never be able to put vehicles into space, Musk later shared on Twitter.

SpaceX's long-term goal is to make colonizing Mars affordable. Musk has said that SpaceX stock won't be available an initial public offering until what Musk calls the "Mars Colonial Transporter" is flying regularly.

Musk had also been keeping plenty busy here on Earth, particularly with Tesla Motors. In 2004, Musk made the first of what would be $70 million of total Tesla investments, an electric car company. Tesla's founders were veteran startup executives Martin Eberhard and Marc Tarpenning.

Musk has said he took an active product role at the carmaker, helping develop its first car, the Tesla Roadster , the Roadster.

The Roadster was built on the chassis of a Lotus Elise — a tiny British sports car that Tesla remade into an electric car with a lithium-ion battery. The all-electric Roadster debuted in 2006 when Musk was serving as Tesla's chairman. 

2008: Elon Musk becomes Tesla CEO

In 2007, Musk staged a boardroom coup at Tesla, first ousting Eberhard from his CEO seat and then from the company's board and executive suites entirely.

In 2008, with the financial crisis seriously limiting his options, a Tesla bankruptcy was personally halted by Musk. He invested $40 million in Tesla and loaned the company $40 million more. Not coincidentally, he was named CEO the same year.

But between SpaceX, Tesla, and SolarCity, Musk nearly went broke. He described 2008 as "the worst year of my life" in an interview with 60 Minutes. Tesla kept losing money, and SpaceX was having trouble launching its Falcon 1 rocket. By 2009, Musk was living off personal loans just to survive.

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Right around Christmas 2008, Musk got two pieces of good news: SpaceX had landed a $1.5 billion contract with NASA to deliver supplies into space, and Tesla finally found more outside investors.

Musk's career was starting to get noticed in other circles, too, most notably in Hollywood. Robert Downey Jr.'s portrayal of Tony Stark in the "Iron Man" movies is at least partially based on Musk, director Jon Favreau said on the "Recode Decode" podcast. Musk even had a cameo in " Iron Man 2 ."

2015: OpenAI

In late 2015, Musk also cofounded OpenAI , a nonprofit dedicated to researching artificial intelligence and ensuring it doesn't destroy humanity.

He later announced that he would step down from the board to avoid any potential conflicts of interest with Tesla , which has made strides into artificial intelligence for its self-driving car technology.

The billionaire has since spoken out against the company on multiple occasions and is even attempting to launch his own competitor, which he jokingly dubbed " Truth GPT " after the success of OpenAI's ChatGPT.

By the end of 2015, 24 SpaceX launches had been made on assignments like resupplying the International Space Station, setting some records along the way. 

That year, Tesla also released its first version of Autopilot , a driver-assist feature for its EVs. Musk later went on to release an enhanced version of Autopilot called Full Self-Driving beta several years later.

He has since said that Tesla FSD is the difference between being "worth a lot of money or worth basically zero." However, Autopilot has generated its fair share of lawsuits, as well as investigations from the National Highway Traffic Safety Administration over the years.

2016: SolarCity and The Boring Company

In late 2016, Tesla bought SolarCity in a $2.6 billion deal. That same year some Tesla shareholders filed a lawsuit accusing Musk of putting pressure on Tesla's board members to buy SolarCity and bail it out. Musk later won the lawsuit in 2022.

In 2016, he also started The Boring Company , which has a mission to dig a network of tunnels under and around cities for high-speed, no-traffic driving.

Boring's first tunnel network for commercial use, located in Las Vegas, opened in April 2021.

2017: Neuralink

Musk founded another company: Neuralink , in 2017, which is trying to build devices that can be implanted inside the human brain. The billionaire has described the device as a "Fitbit in your skull" and has said it will allow people to perform tasks using only their minds. The company has experimented with putting the device in pigs and monkeys and won approval from the US Food and Drug Administration to begin human trials in 2023.

In 2017, Musk also joined President Trump's business advisory council — a move that caused a huge public backlash. He initially defended the move but then quit after Trump pulled the US out of the Paris Agreement on climate change. Musk said he tried to convince Trump not to withdraw.

2018: Tesla Roadster in space

The Falcon Heavy, the successor to the Falcon 9 and the most powerful rocket SpaceX has built to date, completed a successful maiden launch in February 2018. The Falcon Heavy carried a unique payload: a dummy dubbed "Starman," and Musk's personal cherry red Tesla Roadster, which were launched toward Martian orbit.

"We really wanted to get the public here to wonder, to get excited about the possibility of something new happening in space — of the space frontier getting pushed forward," Musk told an audience at the 2018 South by Southwest conference. "The goal of this was to inspire you and make you believe again, just as people believed in the Apollo era, that anything is possible."

SEC subpoenas Tesla

Musk ran into some trouble in 2018 when he sent a tweet declaring he was considering taking  Tesla private at $420 per share and had already secured funding. Just a few days later, the SEC sent Tesla subpoenas about the company's plans to go private and Musk's comments.

By September, the SEC had formally filed a lawsuit against Musk, accusing him of making "false and misleading statements." Musk settled with the SEC, which resulted in both him and Tesla paying a $20 million fine and Musk stepping down as chairman of Tesla's board. Additionally, Tesla was required to appoint a committee to oversee Musk's communications.

One month later, Musk won a victory in court when a jury ruled he was not guilty of defaming the British diver Vernon Unsworth . Unsworth had filed a defamation lawsuit in 2018 after Musk called him a "pedo guy" on Twitter.

2021: Musk becomes richest person in the world

Musk's net worth has soared in recent years. The Tesla CEO became the richest man in the world in 2021 when his fortune surpassed $200 billion, passing Amazon founder Jeff Bezos' net worth.

Musk said he commemorated the occasion by sending Bezos, his longtime rival, a silver medal. Musk's status as the richest man in the world was eclipsed by LVMH owner Bernard Arnault in 2023. Since, he has remained near the top of the list of wealthiest people in the world.

He also won Time's Person of the Year award in 2021.

2022: The 'Technoking' sets his sights on Twitter 

In 2022, Musk started buying up shares of Twitter and later turned down an offer to join the board in favor of buying Twitter outright for $44 billion.

Musk, who has become one of the most-followed accounts on the social media site, attempted to backtrack on his offer to buy Twitter in July.  Twitter sued Musk promptly, in order to force him to go through with the purchase. 

After months of back and forth leading up to a trial in the Delaware Court of Chancery, Musk agreed to buy the company in October. The same day he took over Twitter, he ousted several key executives including then-Twitter CEO Parag Agrawal. Musk took over as "Chief Twit" and proceeded to cut the Twitter workforce in half in the chaotic months following the Musk acquisition .

He later brought in a new CEO for Twitter in May 2023 after the billionaire said Twitter was no longer "in the fast lane to bankruptcy."

The platform was also rebranded "X" in July 2023.

The billionaire has also expressed interest in launching his own AI venture. In April 2023, Musk confirmed reports that he's planning to create an AI startup to build a ChatGPT rival .

Katie Canales, Matt Weinberger, and Mary Meisenzahl contributed to an earlier version of this story. 

• Main content

Elon Musk: The Complete Biography of an Extraordinary Innovator

• by history tools
• March 26, 2024

Elon Musk is one of the most famous entrepreneurs and business leaders of the 21st century. As the co-founder of PayPal, CEO of Tesla Motors and SpaceX, and driving force behind many other companies, Musk has had an outsized influence on technology, space exploration, and solving some of humanity‘s biggest challenges.

Let‘s take a closer look at Musk’s remarkable life story, complex persona, monumental successes and occasional setbacks, and what makes him such a polarizing character.

Childhood and Early Life in South Africa

Musk was born on June 28, 1971 in Pretoria, one of South Africa’s wealthiest and most segregated cities during apartheid. His mother Maye was a famous dietitian and model who grew up in Canada, while his father Errol was a wealthy white South African electromechanical engineer.

As a child, Musk was an avid reader and self-taught computer programmer. At age 12 he created and sold a video game called Blastar to a computer magazine for $500. But his relationship with his father was difficult – his parents divorced when he was 9 years old. Musk chose to live mostly with his father, which he would later regret considering they became estranged.

Discovering His Calling

After spending two years in the South African military, Musk moved to Canada at age 19. He studied at Queen‘s University in Ontario for two years, avoiding mandatory service in the South African military, before transferring to the University of Pennsylvania.

At Penn, Musk pursued a Bachelor’s degree in Physics as well as a Bachelor’s degree in Economics. Most notably, he rekindled an early passion by taking extra classes at the Stanford School of Engineering. It was a harbinger of innovations to come.

Founding Zip2 and PayPal

In 1995 Musk dropped out of Stanford’s PhD program to found his first startup Zip2 Corporation with his brother Kimbal. Zip2 provided online city guides to newspapers like the New York Times and Chicago Tribune.

Compaq bought Zip2 in 1999 for $307 million, earning Musk $22 million. He soon co-founded X.com, one of the first online banks providing services like checking accounts and money transfers.

X.com merged with its rival Confinity in 2000 to become PayPal, with Musk serving as the new CEO. Despite internal struggles at the new company, PayPal went on to revolutionize online payments. In 2002 eBay acquired PayPal for $1.5 billion in stock, of which Musk received $175 million.

“If something‘s important enough you should try, even if the probable outcome is failure.”

Making History with SpaceX

Flush with cash from the PayPal sale, Musk founded Space Exploration Technologies (SpaceX) in 2002 with an audacious long-term goal: make humanity multi-planetary by establishing a human colony on Mars.

SpaceX develops rockets, spacecraft and satellites aimed at revolutionizing space transportation to eventually make it affordable for private citizens to travel into orbit and to other planets. It almost went bankrupt in 2008, but Musk kept it afloat with personal funds.

In 2012 SpaceX’s Dragon spacecraft became the first commercial spaceship to deliver cargo to the International Space Station. And in 2020 SpaceX sent astronauts to the ISS for the first time, effectively resurrecting American manned spaceflight.

Tesla Accelerates Ahead with Musk at the Helm

Also in 2004 Musk made the series A investment round in Tesla Motors and joined Tesla’s board of directors as chairman. Founded by Martin Eberhard and Marc Tarpenning in 2003, Tesla aimed to prove electric cars could be better than gasoline-powered cars.

The original Roadster sports car impressed critics, but by 2007 Tesla was also on the verge of bankruptcy. Musk invested heavily in Tesla and took over leadership of the company, serving as CEO and product architect.

Under his guidance, Tesla went public in 2010 to raise funds and the Model S sedan was named Motor Trend‘s 2013 Car of the Year. By 2023 Tesla had become the world‘s most valuable automaker, dominating the rapidly growing EV market.

Expanding His Entrepreneurial Portfolio

In addition to SpaceX and Tesla, Musk has founded or co-founded a number of new companies over the last two decades. These include:

• The Boring Company (2016) – Develops tunnels aimed at eliminating street traffic to reduce transportation time
• Neuralink (2016) – Develops implantable brain-machine interfaces to connect human brains with computers
• OpenAI (2015) – Non-profit AI research company working to ensure artificial general intelligence benefits humanity
• Starlink (2019) – SpaceX project to provide global satellite Internet access coverage

Not all of these companies have proven successful so far. But Musk continues to think big while attracting top talent to bring innovative new technologies to reality.

Taking Over Twitter for $44 Billion

In January 2022, Musk started acquiring shares of social media company Twitter. By March he had accumulated a 9.2% stake to become Twitter‘s largest shareholder. This set in motion a tumultuous year that eventually led to his purchase of Twitter for $44 billion on October 27, 2022.

Shortly after acquiring Twitter, Musk laid off roughly half the company‘s 7,500 employees and radically changed the platform‘s operations. Many users have quit the platform over concerns about misinformation as Musk grants "amnesty" to suspended accounts. The long-term implications of his takeover remain uncertain.

“Failure is an option here. If things are not failing, you are not innovating enough.”

Marriages, Relationships and Family

In 2000, Musk married Canadian author Justine Wilson. Their first son died unexpectedly from SIDS at 10 weeks old. They share custody of 5 sons – a set of twins and a set of triplets – born through IVF. Musk and Wilson separated in 2008.

From 2010 to 2012, Musk was married to English actress Talulah Riley. After divorcing, they remarried in 2013 before finalizing their divorce again in 2016. Musk also had an on-and-off relationship with musician Grimes which began in 2018. They had 2 children – a son born in 2020 and daughter born in 2021 via surrogate.

In 2022 it was revealed that Musk secretly had twins in 2021 with Shivon Zilis, a top executive at his company Neuralink. He now has 10 children from 3 relationships. But his 18-year-old transgender daughter has disowned him, changing her name in opposition to Musk‘s "public transphobia."

Losing and Regaining Title of World‘s Richest Person

Thanks mostly to his shares in Tesla Motors, Musk experienced an astronomical rise in his personal net worth. He became the richest person in the world for the first time in January 2021 when he surpassed Jeff Bezos.

But his net worth dropped in 2022 and early 2023 as Tesla‘s share price declined. On January 6, 2023 Musk lost the title of world‘s richest person to Bernard Arnault, CEO of LVMH.

What‘s more, with an estimated $183 billion loss between November 2021 and January 2023, Musk holds the record for the largest loss of personal fortune in history according to Guinness World Records. Despite these setbacks, Musk’s supporters are betting he’ll reclaim the top spot someday.

What Makes Musk Such a Polarizing Figure

Musk has earned both ardent fans and vocal critics. So what makes him such a polarizing public figure?

Reasons supporters are drawn to Musk include:

• Daring vision for future innovations
• Willingness to take risks
• Commitment to tackling climate change with sustainable energy
• Power to make things happen that others consider impossible
• Relatable sense of humor on social media

However some people are strongly critical of Musk for:

• Poor treatment of employees by demanding unrealistic hours and goals
• Controversial public stances on issues like pandemic lockdowns
• Spreading misinformation and making questionable promises on Twitter
• Brash communication style and vindictiveness towards naysayers
• Concerns about concentration of power held by billionaires

But there‘s no questioning the outsized impact Musk already made on multiple industries. Even his detractors admit they‘re curious to see what he’ll achieve next.

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• Famous Personalities /

Elon Musk Education & Biography

• Updated on  
• Nov 21, 2022

Elon Musk has become a global figure and a symbol of invention, innovation, technology, entrepreneurial creativity, and leadership. The younger generation wants to be like him. He motivates individuals by showing them what is achievable and how to manage a high-performance team to develop a worldwide corporation. Musk is the creator of numerous futuristic firms that have become brands in their own right, such as Tesla, Neuralink, SpaceX , and The Boring Company, but he is most known for the electric vehicle manufacturing company Tesla. Musk has amassed a net worth of $57.9 billion via hard work, perseverance, and of course his smart work. But, what young and fresh entrepreneurs or leaders can learn about leadership from this renowned and ambitious billionaire? Here are the top 10 leadership lessons that you should be learning and inculcating from Elon Musk. 

Elon Musk Biography

About elon musk.

Elon Musk is a visionary entrepreneur and CEO. He co-founded PayPal, Tesla, and SpaceX. He serves as CEO of Tesla and CEO of SpaceX, which he founded with the goal of reducing traffic congestion on the roads by using tunneling systems to create quick, cheap tunnels in urban areas.

He is also the founder of The Boring Company, which will build a network of high-speed tunnels in Los Angeles to relieve traffic congestion. The company’s first tunnel was completed in December 2017 and was officially opened in December 2018.

Furthermore, Musk’s companies have been valued at $82 billion by Forbes as of November 2017. At that time, Musk owned 30% or more of Tesla (TSLA), SolarCity (SCTY), and SpaceX.

The point is that Musk made his fortune from disrupting an industry (electric cars) with a product that makes financial sense while threatening traditional incumbents (automobiles). He did it by reinvesting his profits into research and development, improving production efficiency, and making good business decisions. That’s what makes him a visionary leader in our eyes — not only did he create new markets, but he also managed to make money while doing so.

Elon Musk Early Childhood

Elon Musk was born on June 28, 1971, in Pretoria, South Africa . His parents are Canadian: his mother is a former model and dietician , while his father is an electromechanical engineer. *

Elon’s childhood was marked by tragedy. He was pushed down the stairs and suffered serious injuries when he was a child. Luckily, he recovered. He even suffered from a serious accident when he has pushed down a flight of stairs at the age of ten. This experience, however, made him determined to succeed and to create a world that would be better for everyone in the future.

When Elon was ten years old, his father bought him a Commodore VIC-20 microcomputer. He taught himself how to program it. Back then, computer programming was considered a very challenging skill that most kids could not master. But Elon not only mastered it but developed a genuine passion for it as well.

He loved to read as a child. He later developed a deep fascination for computers and taught himself computer programming when he was ten.

Later in life, Elon severed ties with his father: “I had absolutely no contact with my father from the age of about 12 or 13 until I left for university,” he said in an interview last year. “When I came back two or three years later [for a visit], I had a million questions for him about how to do various things on the computer… And he just wasn’t interested in talking about it at all. He was like ‘I don’t know anything about computers. You’re on your own now.

Elon Musk Personal Life

His personal life has been the subject of significant public interest. He dated actress Talulah Riley for several years before marrying British actress Talulah Riley in 2002, with whom he had two sons, then divorced in 2008. In October 2017, he married Canadian Grimes, who released her first solo single “Flesh Without Blood” on April 7, 2018.

Elon Musk and his wife are the parents of six children. Griffin, Xavier, Damian, Saxon, Kai, and  X Æ A-Xii are among those present.

Elon Musk Education

Elon Musk, who was born in South Africa, grew up in Canada . The son of a Canadian model and a South-African engineer, Musk studied physics and economics at the University of Pennsylvania, graduating with a Bachelor of Science in physics (1992) and a Bachelor of Arts in Economics (1994).

He then attended Stanford University where he earned his Masters of Business Administration degree (1998) and Ph.D . in business administration (2002).

After graduating from the Wharton School of the University of Pennsylvania, Musk worked for an Internet startup called Zip2 before going to work at PayPal as vice president of business development. After that, he founded his own company X.com, which later merged with Confinity and then PayPal. In 2002, he sold PayPal to eBay for $1.5 billion – around 13 times what Musk had invested.

Elon Musk Career

In his early career, Musk was known for taking bold risks. In 2000, he co-founded X.com, online financial services, and electronic payment company, with Kimbal Musk and the sale of zip2 to Compaq in 1999. After some initial success, the company was eventually acquired by PayPal in October 2002.

When PayPal was purchased by eBay in 2002, Elon Musk became a vice president at the company where he focused on new product development and strategic matters. In 2004, Musk left PayPal to form SpaceX as CEO and lead the development of the Dragon spacecraft family.

In addition to his work at SpaceX, Musk is a co-founder of Tesla Motors, Inc., an American automobile manufacturer specializing in electric cars. In 2003, he formed SolarCity (now owned by Tesla) as well as Zip2. He also owns a private rocket company called The Boring Company, which is developing a high-speed transportation system called the Hyperloop.

Although his companies are all cutting-edge technology companies that aim to revolutionize transportation and space travel, Musk tends to think big. He famously described his goal with Tesla as “to accelerate the advent of electric cars and renewable energy,” and he hopes that SpaceX will help us colonize Mars by making interplanetary travel a reality.

Elon Musk Startups

• Tesla Motors

The billionaire has recently unveiled Hyperloop, which is a transit system designed to transport people on high-speed trains between major cities in the world at speeds of over 1,200 mph (1,931 km/h), reducing journey times between cities significantly compared with conventional rail

Elon Musk’s Net Worth

The man behind Tesla and SpaceX is not only a tech pioneer but also a problem solver. He’s been credited with revolutionizing the electric car market, while at the same time working on improving space exploration technology. Elon Musk is an entrepreneur who has achieved the unimaginable, making him the most influential person of our times.

He started off working as a programmer in Silicon Valley before founding PayPal and Tesla Inc. In 2003 he founded SpaceX and SolarCity, with the aim to change the world for the better.

In 2016, he became only the second person to reach $20 billion in stock market value after Amazon’s founder Jeff Bezos. At that point, Musk was worth more than $19 billion, according to research firm Bloomberg.

Elon Musk Rewards & Recognitions

He has received numerous accolades for his work in the fields of business, engineering, and philanthropy.

Some of Elon Musk’s most notable achievements include:

● Co-founding both SpaceX and Tesla with the goal of creating a more sustainable future.

● Creating one of the first modern hyperloop(a type of transportation system), which aims to connect major cities in a way that is faster than a plane but safer than driving on surface streets.

● Pushing forward the development of rocket technology through his company SpaceX

• In 2006, Musk was an individual from the United States National Academy of Sciences Aeronautics and Space Engineering Board.
• Inc. magazine Entrepreneur of the Year grant for 2007 for his work on Tesla and SpaceX.
• 2007 Index Design grant for his plan of the Tesla Roadster. Worldwide Green 2006 item configuration grant for his plan of the Tesla Roadster, introduced by Mikhail Gorbachev.
• American Institute of Aeronautics and Astronautics George Low honor for “the most extraordinary commitment in the field of room transportation in 2007/2008”. Musk was perceived for his plan of the Falcon 1, the main secretly evolved fluid fuel rocket to arrive at circle.
• Public Wildlife Federation 2008 National Conservation Achievement grant for Tesla and SolarCity. Other 2008 beneficiaries incorporate writer Thomas Friedman, U.S. Congressperson Patrick Leahy (D-VT), and Florida Governor Charlie Crist.
• Public Space Society’s Von Braun Trophy in 2008/2009, given for authority of “the main accomplishment in space”. Earlier beneficiaries incorporate Burt Rutan and Steve Squyres.
• Recorded as one of Time’s 100 individuals who most impacted the world in 2010.
• The world overseeing body for aviation records, Fédération Aéronautique Internationale, introduced Musk in 2010 with the most noteworthy honor in air and space, the FAI Gold Space Medal, for planning the main secretly evolved rocket to arrive at circle. Earlier beneficiaries incorporate Neil Armstrong, Burt Rutan of Scaled Composites and John Glenn.
• Named as one of the 75 most powerful individuals of the 21st century by Esquire magazine.
• Perceived as a Living Legend of Aviation in 2010 by the Kitty Hawk Foundation for making the replacement to the Space Shuttle (Falcon 9 rocket and Dragon space apparatus). Different beneficiaries incorporate Buzz Aldrin and Richard Branson.
• In February 2011, Forbes recorded Musk as one of “America’s 20 Most Powerful CEOs 40 And Under.”
• In June 2011, Musk was granted the US$250,000 Heinlein Prize for Advances in Space Commercialization
• In 2012, Musk was granted the Royal Aeronautical Society’s most elevated honor: a Gold Medal.
• In 2013, Musk was named the Fortune Businessperson of the year for SpaceX, SolarCity, and Tesla.
• Granted the President’s honor for Exploration and Technology of the Explorers Club at the yearly occasion on March 16, 2014.
• In 2014, Elon Musk was regarded with an Edison Achievement Award for his “obligation to advancement all through his vocation”.
• 2015 at Yale’s 314th Commencement Ceremony, got Honorary Doctorate in Engineering and Technology.
• In 2015, he was granted IEEE Honorary Membership.
• In June 2016, Business Insider named Musk one of the “Main 10 Business Visionaries Creating Value for the World” alongside Mark Zuckerberg and Sal Khan.
• In May 2017, Musk was granted the Oslo Business for Peace Award.
• In 2018, Musk was positioned 25th on Forbes rundown of The World’s Most Powerful People.
• Musk was chosen a Fellow of the Royal Society (FRS) in 2018.
• Recorded among the Time 100 Most Influential People in the World in 2010, 2013, 2018 and 2021.
• Musk was granted as part (fifth class) of the Most Admirable Order of the Direkgunabhorn on March 4, 2019 for his commitment in the salvage at Tham Luang cave, Chiang Rai Province, Thailand.
• In 2019, Musk was granted the Starmus Festival’s Stephen Hawking Medal for Science Communication
• Musk was recorded joint first on the Forbes rundown of the “Most Innovative Leaders of 2019”.
• Musk was refered to as one of the Top 100 most powerful Africans by New African magazine in 2020.
• On December 1, 2020, Musk was granted the Axel Springer Award.
• Musk Ranked No.1 on Businessperson Of The Year 2020 List By Fortune Magazine.
• On January 7, 2021, Musk was positioned as the richest individual on the planet as indicated by Bloomberg.
• On January 10, 2021, Musk was positioned #1 on Forbes’ Billionaires List
• Monetary Times is naming Musk Person Of the year for his commitment to speed up the world’s vehicle industry towards EVs.
• Musk added to Newsweek Hall of popularity for his disturbance in the Auto and Space Industry
• On December 13, 2021 Time magazine named Musk Person of the Year.

10 Leadership Lessons to Learn from Elon Musk

1. always believe in having a vision.

One of the most important tenets of leadership is to have a vision and further inspire people and your followers to make that vision come true. Musk explains, “You need to have a very compelling goal for the company. Then, putting yourself in someone’s shoes who is talented at a global level, they have to trust that there is a potential for a great outcome and must believe the leader of the company that you’re the right person to work with.” 

2.  Stretch Goals Like Musk!

Elon Musk is a wildly ambitious individual when it comes to innovation and chasing his vision to come true. He has proven it to the world multiple times, whether by creating brain chips to revolutionize neuroscience or finding ways to colonize Mars. These are all a part of his ‘stretch goals’ strategy. Such objectives are considered as truly important sources of individuals and organizational achievement & motivation. 

Did you know? Elon Musk created and sold a video game to a magazine when he was 12 years old. The space battle game ‘Blastar’ was sold for $500 to PC and Office Technology magazine. Musk also worked at ‘Rocket Science,’ a game start-up.

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3.  Stop Blindly Following Trends

Elon Musk believes that one should have his way of looking at everything. It’s definite that to achieve things that have never been conquered before, one has to do things that have never been done before. He is a firm believer in questioning and challenging the status quo. This approach has led SpaceX to create a truly innovative vehicle on its terms. 

4.  Believe in Micromanaging 

Being a well-known workaholic, this serves as both a blessing and a curse for his employees. He has always led by example by taking an interest in every single aspect of his projects. Musk describes, “If you are a co-founder or CEO of a brand, you have to perform all the kinds of tasks you might not want to do. If you don’t do your chores, the company would never succeed because no task is too menial.” 

Did you know? PayPal, formerly X.com, was the source of Musk’s fortune. Paypal was founded in 1999 and was later bought by eBay for $1.5 billion, $165 million of which was handed to Musk in shares.

5. Talent Plays a Vital Role

Elon Musk has always been meticulous about hiring employees of his company. There is no question that he sees the value in building an excellent team. Talent plays an extremely important role. To create such a fruitful team, Musk said, “Hire great people; this is 90% of the solution, as hiring wrong can cost you so much.” 

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6. Embrace Failures

Failure never derailed his visions. Instead, he has always embraced it as a way to prove that his team is doing something disruptive. Musk said, “A failure is always an option; if things are not failing, you are not innovating.” 

Did you know? Both of Musk’s triumphs and accomplishments, SpaceX and Tesla, were on the verge of failure. While the first three rockets failed to launch, the fourth did, and the Roadster had many production issues.

7. Always Use Feedback to Find Solutions

When an individual uses failure as a lesson, it allows them to tackle solutions and finally reach the goal. Musk’s piece of advice is, “I feel it is important to have a feedback loop, where you are constantly thinking about what you have done and how it could have been done better. Always think about how things can be done in a better manner and keep questioning yourself.” 

8. Communication is the Key 

Communication is something Elon Musk has always urged his friends to do as efficiently as possible. The issues come from poor communication between departments. The only way out is to allow the free flow of information at all levels. To make something work between departments, people must talk to each other directly and make the right decisions. 

Did you know? Elon Musk was awarded the FAI Gold Space Medal by the Federation Aeronautique Internationale in 2010 for developing the first privately constructed rocket to reach orbit.

9.  Waive the Need for Unnecessary Meetings 

Musk has waived unnecessary meetings because that usually results in wasting time that doesn’t result in meaningful takeaways. He describes, “Excessive meet-ups are the blight of the big companies and almost always get worse with time. So get off the large meetings unless there’s something valuable to the audience, in which case keep them precise.” 

Did you know? Elon Musk also made an appearance in The Simpsons episode, “The Musk Who Fell to Earth”, Iron Man 2, The Big Bang Theory, and Rick and Morty

10.  Adapt to Change

The billionaire is well-known for changing his mind based on whatever needs attention at that moment or to quickly change course on projects. Elon Musk has an erratic sense of decision making, especially in reaction to things he reads on social media platforms, and can sometimes give his employees a breakdown. 

Did you know? Musk named one of his sons Xavier, after Professor Xavier from the X-Men, as he admitted.

Some Lesser Known Facts About Elon Musk

• His initial startup was Zip2
• Musk exited Stanford after only two days
• Musk made an appearance on ‘The Simpsons’, The Big Bang Theory
• Musk purchased James Bond’s submarine vehicle for near $1 million
• Musk ran a club to pay lease
• Musk started a non-profit school to teach his kids

Elon Musk helped to establish the electronic installment firm PayPal and established the rocket organization SpaceX. He became CEO of the electric-vehicle creator Tesla.

He started his career at the University of Pennsylvania in material science, Musk began considering making the plunge as a sequential tech business person with early victories like Zip2 and X.com. He was instrumental in making the organization that became PayPal.

He has invented Musk’s the Electric jet apart from starting new ventures, He is a great inventor too.

Musk was brought into the world by a Canadian mother and South African dad and brought up in Pretoria, South Africa.

Unless you have been living under a rock, you know Elon Musk is all over the news and it makes sense to look at exactly what Musk is doing and what you can learn from him. We hope you found our blog on 10 leadership lessons you can learn from Elon Musk thought-provoking. For more insightful content, keep reading on Leverage Edu ! 

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Eight things we learned from the Elon Musk biography

Widespread access to world’s richest man allowed biographer Walter Isaacson to detail a number of illuminating anecdotes

A new biography of Elon Musk was published on Tuesday and contains colourful details of the life of the world’s richest man.

Musk afforded widespread access to his biographer, Walter Isaacson, the author of the bestselling biography of the Apple co-founder Steve Jobs, and the book contains a series of illuminating anecdotes about Musk. Here are eight things we learned from the book.

1. Musk’s difficult relationship with his father

Musk, 52, was born and raised in South Africa and endured a fraught relationship with his father, Errol, an engineer. Isaacson writes that Errol “bedevils Elon”.

Musk’s brother, Kimbal, says the worst memory of his life was watching Errol berate Musk after he was hospitalised after a fight at school (the book says Musk was still getting corrective surgery for the injuries decades later). “My father just lost it,” says Kimbal.

Musk and Kimbal, who are estranged from their father, describe Errol as a “volatile fabulist”. Interviewed by Isaacson, Errol admits he encouraged a “physical and emotional toughness” in his sons.

Grimes, the artist who is mother to three of his 10 children, says PTSD from Musk’s childhood shaped an aversion to contentment: “I just don’t think he knows how to savor success and smell the flowers.” Musk tells Isaacson he agrees: “Adversity shaped me. My pain threshold became very high.”

2. Elon Musk has an issue with the ‘woke mind virus’

Shortly before taking over Twitter, or X as it is now called, Musk told Isaacson that the “woke mind virus” – a derogatory term for progressive politics and culture – would prevent extraplanetary settlement (one of Musk’s fixations).

“Unless the woke mind virus, which is fundamentally anti-science, anti-merit, and anti-human in general, is stopped, civilization will never become multiplanetary,” said Musk.

3. Musk gave Twitter executives short shrift

Musk fired Twitter’s executive team as soon as he completed the takeover of Twitter in October last year and it had been coming. When Musk bought a significant stake in Twitter months before, he agreed to meet the CEO, Parag Agrawal. After the meeting, Musk said: “What Twitter needs is a fire-breathing dragon and Parag is not that.”

They soon fell out. Agrawal texted Musk to say his tweet asking if Twitter was “dying” was not helpful. Musk, on a break in Hawaii, replied: “What did you get done this week?” He added: “I’m not joining the board. This is a waste of time. Will make an offer to take Twitter private.”

This was during discussions about Musk joining the board. Agrawal’s reply underlined the power imbalance, and Twitter’s fear of Musk. He texted: “Can we talk?” Musk soon lodged an official bid for Twitter, which he tried unsuccessfully to wriggle out of, but the die was cast for Agrawal and his colleagues.

4. Sam Bankman-Fried tried to get in on the Twitter takeover

The founder and CEO of the fallen cryptocurrency exchange FTX, Sam Bankman-Fried, offered via his banker to put $5bn (£4.1bn) into the Twitter takeover, the book claims. Bankman-Fried also wanted to discuss putting Twitter on a blockchain – the technological underpinning for cryptocurrencies such as bitcoin.

A subsequent call between Musk and Bankman-Fried in May 2022 went badly, Isaacson wrote. “My bullshit detector went off like red alert on a Geiger counter,” Musk is quoted as saying.

Bankman-Fried’s offer to invest or to roll over $100m of Twitter stock that he claimed he had invested, came to nothing.

5. Musk tried to recruit Rudy Giuliani as an adviser

In his early tycoon career, Musk pondered recruiting the then mayor of New York as a political fixer to help him turn his PayPal business into a bank in 2001. Musk sought a meeting with Giuliani, then coming to the end of his tenure in office, because he wanted to turn PayPal – an online payments company – into a “social network that would disrupt the whole banking industry”.

In 2001, Musk and an investor, Michael Moritz, went to New York to see if they could hire Giuliani to guide them through the process of turning PayPal into a bank. It didn’t go well.

“It was like walking into a mob scene,” Moritz says in the book. Giuliani “was surrounded by goonish confidantes. He didn’t have any idea whatsoever about Silicon Valley, but he and his henchmen were eager to line their pockets”.

“‘This guy occupies a different planet,’ Musk told Moritz.”

6. Musk is concerned about a dwindling human population

One of Musk’s reasons for founding a new artificial intelligence company , xAI, is addressing the threat of population collapse. In one face-to-face conversation with Isaacson, the multi-billionaire said human intelligence was in danger of being surmounted by digital intelligence.

“The amount of human intelligence, he noted, was levelling off because people were not having enough children. Meanwhile, the amount of computer intelligence was going up exponentially, like Moore’s law on steroids. At some point, biological brainpower would be dwarfed by digital brainpower.”

This conversation was conducted at the Austin, Texas house of Shivon Zilis, an executive at Musk’s Neuralink business who is the mother of two of his children. Zilis told Isaacson she agreed to have children with Musk via IVF after listening to his arguments about having children as a “kind of social duty”. She said: “He really wants smart people to have kids, so he encouraged me to.”

7. Musk is very concerned about AI

Musk tells Isaacson that human consciousness is under threat from the prospect of super-intelligent, and uncontrollable, AI systems.

He says: “What can be done to make AI safe? I keep wrestling with that. What actions can we take to minimize AI danger and assure that human consciousness survives?”

8. Musk’s complicated role in the Ukraine conflict

Musk’s satellite communications unit, Starlink, has a key role in Ukraine’s defence against the Russian invasion. When a Russian cyber-attack crippled Ukraine’s satellite comms network an hour before the invasion, Musk stepped in following an appeal for help from Ukrainian officials and the country’s deputy prime minister.

However, the book alleges that Musk told his engineers to “turn off” Starlink coverage that would have facilitated an attack by drone submarines on Russia’s navy at the Sevastopol base in Crimea.

However, Isaacson has subsequently clarified this excerpt after Musk used his X platform to state that there was no Starlink coverage in that area and he refused a Ukrainian request to activate it. Musk posted: “If I had agreed to their request, then SpaceX would be explicitly complicit in a major act of war and conflict escalation.”

Elon Musk by Walter Isaacson is published by Simon & Schuster. To support the Guardian and Observer order your copy at guardianbookshop.com . Delivery charges may apply.

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Elon Musk biography

Elon Reeve Musk was born on the 28th of June of 1972 in Pretoria, South Africa. He is known for being one of the founders of Paypal, SpaceX, Tesla Motors, OpenAl, and Hyperloop, among other companies. The entrepreneur and inventor appears in the list of the richest in the world, occupying the position number 56, in 2017, with 17.4 billion dollars. Forbes magazine, for the December 2016 publication, named him the 21st person with the most power in the world. His greatest goal, according to Musk, is to change humanity drastically; for this purpose, he works in SolarCity, SpaceX, and Tesla. One of his interests is the abandonment of petroleum fuels in order to reduce global warming. Perhaps Elon’s most ambitious project, so far, is the establishment of a human colony on Mars, with nearly a million people.

He spent his childhood in South Africa with his parents, an engineer from South Africa and a nutritionist from Canada. At age 10, with his first computer, a Commodore VIC-20, he began to learn to programme on his own. Two years later he sold his first videogame called Blastar for about $ 200. At that time he went through difficult times; his schoolmates subjected him to bullying because of his uncommon interests for them. Elon spent his money on science fiction books, comics, and video games.

In the period between 12 and 15 years of age, he entered into an existential crisis influenced by the readings of Nietzsche and Schopenhauer. The situation went to the extreme of taking him to the hospital because of beatings by his companions. In his home things were not better, the relationship with his father was quite complicated. He suffered the emotional violence of a father unable to understand him. Compulsory military service bothered him. For these reasons, at age 17, after graduating from high school in Pretoria, he decided to leave South Africa and take refuge with his mother in Canada.

What Musk wanted most was to reach the United States. He found in that country a way to make possible everything he imagined. Elon’s father conditioned his support: he would not pay for a university outside of South Africa. In 1989, while in Canada, he found a chance to study thanks to his maternal relatives, who came from North America. By 1992, Elon counted on a scholarship in the University of Pennsylvania. The young entrepreneur began his studies in Business Administration, in parallel he began his career in Physics. He was fortunate to have the support of one of his teachers, who turned out to be the executive director of Los Gatos, a company located in the southern part of San Francisco Bay, California. The experience gained on ultracapacitors in that company, and then in Pinnacle Research, along with the inspiration it had for inventors such as Nikola Tesla, made him define the fields in which he would focus on the future: renewable energy, the Internet and outer space.

The beginning on the Internet began with Zip2, in 1995, along with his brother Kimbal Musk and a friend named Greg Curry. The company was dedicated to the development and maintenance of web pages dedicated to the media. The idea was a success, managing around 200 sites on the Internet in the year of 1999. For that year the company was sold to Compaq for 300 million dollars; money that would help him found X.com. The next plan was to systematize payments and money management through the Internet, offering security and speed. The ease offered by X.com and security made the project a very profitable idea, as well as merging, in 2000, with Confinity; company that provided a similar service, but only between Palm Pilot devices. In 2001 X.com decided to change its name to Paypal.inc a well-known company that provides the service to make online payments internationally.

With the growing success, problems soon appeared. Different companies tried to close Paypal, including eBay, which ended up buying it in October 2002, for 1.5 billion dollars. The sale of Paypal gave way to the creation, by its former members, of companies such as LinkedIn and YouTube. The next Musk project was called Tesla Motors, the company that created the first functional electric car. The main investment in Tesla was solar energy. The idea was born in 2003 in the company AC Propulsion, which had a prototype electric car. Musk wanted to help design a sports car with the same base of AC Propulsion.

In 2004, along with Matt Tappenhig and Martin Eberhard, Tesla Motors was created, with the intention of mass producing the model T-Zero of AC Propulsion. Musk invested nearly 98% of the capital. The start of the company was hard; the budget for the first models exceeded what was expected, but they managed to sell enough to continue developing models. For 2012, 2100 Tesla Roadster was sold in different countries. In 2015 the Tesla Model X was launched, designed to cover all types of terrain.

Another of Musk’s three projects involves SpaceX. Thinking of establishing a colony on Mars, he began, in 2002, to investigate how to send a rocket to Mars. His initial idea was to obtain reusable rockets to carry out the two trips for reconnaissance missions. For that year, Space Exploration Technologies was founded, focused on launching rockets and reducing fuel costs and materials for launch with increases in viability. In 2008, an agreement was made between NASA for twelve rocket flights. Currently, SpaceX is responsible for the development of Falcon rockets, which use liquid fuel.

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Nipsey Hussle

Nipsey Hussle Biography

Ermias Asghedom (August 15, 1985 – March 31, 2019), better known as Nipsey Hussle, was an American rapper, businessman, and community activist, who rose to fame in 2018 with his debut album Victory Lab . Nipsey began his career towards the mid-2000s releasing several successful mixtapes such as Slauson Boy Volume 1, Bullets Ain’t Got No Name series and The Marathon. His fame came to him, along with his first Grammy nomination, with his debut album in 2018. He had previously created his label All Money In No Money Out (2010).

Following his death, he received two posthumous Grammys for the songs Racks in the Middle and Higher. He was known for his social work on behalf of the Crenshaw community.

Early years

He was born in Los Angeles, United States, on August 15, 1985 . Son of Angelique Smith and Eritrean immigrant Dawit Asghedom, he grew up in Crenshaw, a neighborhood located south of Los Angeles, with his siblings Samiel and Samantha. He attended Hamilton High School but dropped out before graduating. Since he was little he looked for a way to help around the home, so over time, he began to work selling different products on the street.

After leaving school he became involved in the world of gangs, however, he turned away from it when he realized that it was not what he expected for his future. Decided then to dedicate himself to music, he sold everything that linked him to the gangs and worked for a time to buy his own production tools. After finishing his studies, he began to write and produce his own mixtapes, which he sold from a car. After finding inspiration from a trip he took to Eritrea with his father and spending time in prison, Nipsey turned fully to his career and business. He always looked for ways to start and help the community in which he grew up: giving jobs, helping students, renovating public spaces, etc …

Community activist

Nipsey was admired for his work at Crenshaw because instead of moving or investing in hedge funds, he preferred to help the community by boosting the local economy.

In late 2005, Nipsey Hussle released his first mixtape, Slauson Boy Volume 1, independently, to great local success. By then he already had a fan base at the regional level, so it took him a while to sign a contract with the Epic Records and Cinematic Music Group labels. Later, the first volumes of the Bullets Ain’t Got No Name series appeared, with which he expanded his popularity. Burner on My Lap, Ridin Slow, Aint No Black Superman, Hussle in the House and It’s Hard out Here , were some of the songs included in the series.

By 2009, Nipsey would make a name for himself collaborating with Drake on Killer and with Snoop Dog on Upside Down. He also released Bullets Ain’t Got No Name vol.3 and in 2010, he left Epic and opened his own label All Money In No Money Out. Under this label, he would soon release The Marathon, a mixtape in which hits such as Love ?, Mr. Untouchable, Young Rich and Famous and Late Nights and Early Mornings appeared. He also created The Marathon Clothing at that time, a sports and casual clothing brand that was based in his neighborhood. He then released the mixtape The Marathon Continues (2011), participated in the We Are the World 25 for Haiti campaign, and was featured in the popular XXL Magazine Annual Freshman Top Ten.

In 2013 came Crenshaw , a mixtape that would become famous because Jay-Z himself bought 100 copies for $ 100 each.

Victory Lap

After many delays, Nipsey would release his long-awaited debut album Victory Lap , on February 16, 2018, to great success. It was praised by critics and received a Grammy nomination for best rap album of the year. It was such a success that many singles entered the Billboard and Itunes charts. However, Nipsey did not enjoy much fame.

Hussle was assassinated on March 31, 2019, outside his store in South Los Angeles. He was shot multiple times by a man he had previously clashed with, he was arrested and charged with murder on April 2 of the same year. After his death, many personalities expressed the pain caused by the news. It is worth mentioning that the Mayor of Los Angeles himself gave his condolences to the family, recognizing Hussle’s social work in Crenshaw.

He was the partner of actress Lauren London and was the father of two children.

Sales strategies and greatest hits

Hussle was known for his sales strategies, since, he used to upload his singles in free download and then sell some limited editions for a cost of 100 to 1000 dollars . It promoted the sale of his work with campaigns such as Proud2Pay and Mailbox Money, in which he gave special incentives (autographed photos, dedication calls, tickets to his studio, and special events) to buyers. His revolutionary ideas promised him a fruitful career.

Some of his greatest hits

• Rose Clique
• Forever On My Fly Shit
• Thas Wat Hoes Do Proud of That (with Rick Ross)
• Face the world
• Bless, 1 of 1
• Where Yo Money At
• Fuck Donald Trump
• Young Rich and Famous

Jimmy Hoffa

Jimmy Hoffa Biography

James Riddle Hoffa (February 14, 1913 – July 30, 1975), better known as Jimmy Hoffa, was an American union activist. A reference to the working class of the 20th century, Hoffa began his union activity at the age of 18 within the trucker union. With time, he was gaining importance and enemies. He mixed with the mob and was the leader of the most important union organization in the U.S.A ., the International Brotherhood of Truckers. His actions took a toll on him and in 1967 he was arrested for bribery. In 1975, he disappeared after having dinner at a Detroit restaurant. To date, it is unknown what happened or where his body is. His disappearance was portrayed in Scorsese’s The Irishman .

He was born in Brazil, Indiana, on February 14, 1913. James was the son of John Hoffa and Viola Riddle. His father passed away when he was 7 years old, of Irish descent and working as a miner. When the dad died, the family moved to Detroit, where Hoffa lived the rest of his life. He studied until he was 14 years old and began working as a teenager, to help the family. At the age of 18, he began to participate in the union demonstrations of the truck driver’s union, and over time he gained recognition. However, Hoffa had never driven a truck.

Jimmy Hoffa, the truckers, and the mob

Despite his clear inexperience, Hoffa managed to earn the respect of all road workers thanks to his charisma and effective acting. He was thus elected president of the famous International Brotherhood of Truckers or “Teamsters” in 1957. From then on he would be known for his aggressive methods and connections with the Cosa Nostra (Italian mafia). It is known that Jimmy used the mob to gain notoriety and destroy his competitors, while the union served as a front to clean up dirty money from the mob.

As time went by, his relationship with Cosa Nostra became increasingly evident, becoming the target of various investigations (fraud, conspiracy, evasion, extortion, laundering…). Behind them was the prosecutor Robert Kennedy, who later became a solicitor, his sole objective being the capture of Hoffa. Although he managed to leave the courts unscathed on several occasions – thanks to his intimidation and bribery strategies – he was finally locked up in 1967.

Hoffa had faced justice several times, so the confinement did not scare him, he planned to continue running the union and all its businesses from jail, leaving someone manageable in command. But this did not turn out as he expected, his puppet rebelled and the mafia took advantage of his confinement to expand their business with more facilities. It was clear that everyone was better off without Hoffa at the helm.

The disappearance of Jimmy Hoffa

In 1971 his sentence was commuted and Hoffa returned to work, he tried to regain his place and strength, but had little luck, because the mafia was clear that the business was better without him. The day he arrived, on July 30, 1975, he was summoned by Anthony Provenzano and Anthony Giacalone, two gangster bosses who were tired of his instance. They summoned him to a restaurant in Detroit, but never showed up, Hoffa waited for more than an hour and then got into a car, disappearing ever since. Nobody saw him again.

Jimmy was powerful, but he had made many enemies and was in the crosshairs of the mob, making his disappearance one of the most famous of the 20th century. His body was never found and in 1982 he was presumed dead. Although over time many took credit for his disappearance (and his death) from him, little is known for sure.

One of the possible culprits is perhaps Frank Sheeran, the Irishman , Hoffa’s henchman, who, pressured by the gangsters, would have killed the union leader. According to Sheeran’s version, that day he would have taken Hoffa to a house, where he shot him three times, and then moved his body to a still uncertain place.

His body and his disappearance became one of the best-known mysteries of the time . To date, the fate of his body is unknown. Many say it is buried, others that it was dismembered and thrown into a river, and others that it was compacted. There were many complaints about the discovery of his body, but all false.

His legacy was continued by his son, the current head of the International Brotherhood of Truckers, James P. Hoffa.

He was married to Josephine Poszywak and was the father of James P. Hoffa and Barbara Ann Crancer.

On July 30, 1982, he was declared legally dead.

Scorsese’s The Irishman

Scorsese’s The Irishman premiered on Netflix in 2019. The film follows Hoffa’s hitman and right-hand man, Frank Sheeran, as he thus narrates his story and participation in the disappearance of Hoffa. In the film, Hoffa is played by Al Pacino , while Sheeran and the prosecutor Kennedy are played by Robert De Niro and Jack Huston.

Peter Drucker

Peter Drucker biography

Peter Drucker (November 19, 1909 – November 11, 2005) writer, consultant, entrepreneur, and journalist. He was born in Vienna, Austria. He is considered the father of the Management to which he devoted more than 60 years of his professional life. His parents of Jewish origin and then converted to Christianity moved to a small town called Kaasgrabeen. Drucker grew up in an environment in which new ideas and social positions created by intellectuals, senior government officials and scientists were emerging. He studied at the Döbling Gymnasium and in 1927, Drucker moved to the German city of Hamburg, where he worked as an apprentice in a cotton company.

Then he began to train in the world of journalism, writing for the Der Österreichische Volkswirt. Then he got a job in Frankfurt, his job was to write for the Daily Frankfurter General-Anzeiger. Meanwhile, he completed a doctorate in International Law. Drucker began to integrate his two facets and for that, he was a recognized journalist. Drucker worked in this place until the fall of the Weimar Republic. After this period he decided to move to London, where he worked in a bank and was also a student of John Maynard Keynes .

Although he was a disciple of Keynes, he assured, decades later, that Keynesianism failed as an economic thesis where it was applied. Because of the ravages of Nazism and persecution of Jews, he emigrated to the United States, where he served as a professor at Sarah Lawrence College in New York, from 1939 to 1949 and simultaneously was a writer. His first job as a consultant was in 1940. He then returned to teaching at Bennington College in Vermont. Thanks to his popularity he received a position to teach in the faculty of Business Administration of the University of New York.

He was an active contributor for a long period of time to magazines such as The Atlantic Monthly and was a columnist for The Wall Street Journal. The quality and recognition of his writings assured him important contracts both as a writer and as a consultant with large companies, government agencies, and non-profit organizations in the United States, Europe, Latin America, and Asia. Quickly and surprisingly his fortune grew. Drucker served as honorary president of the Peter F. Drucker Foundation for Nonprofit Management.

In 1971, he obtained the Clarke Chair of Social Sciences and Administration at the Graduate School of Management at the University of Claremont. Now, at present Drucker is considered the most successful of the exponents in matters of administration, his ideas and terminologies have influenced the corporate world since the 40s. Drucker was the first social scientist to use the expression “post-modernity” something that caught the attention of this man is that he does not like receiving compliments. He was simple, visionary, satirical and vital.

Within his studies, he says that his greatest interest is people. His work as a consultant began in the General Motors Multinational Companies, from that moment begins to raise the theory of Management, Management trends, the knowledge society. Thanks to this theory he has published several books, these are consulted often and are fundamental for the career of business administrator. In his works, he deals with the scientific, human, economic, historical, artistic and philosophical stage.

He was founder and director of a business school that bears his name. For Drucker, it was beneficial that many of his ideas have been reformed because of the innovative way of thinking and analyzing business issues. Although approaches such as the knowledge society are the basis of the current company and the future is still maintained. He has published more than thirty books, which include studies of Management, studies of socio-economic policies and essays. Some are Best Sellers. The first book was The end of economic man (1939), The future of industrial man (1942), The concept of Corporation (1946). Later he published The Effective Executive (1985). He focused on personal effectiveness and changes in the direction of the 21st century. In 2002 the society of the future was published.

His first book caused much controversy because he talked about the reasons why fascism initiated and analyzed the failures of established institutions. He urged the need for a new social and economic order. Although he had finished the book in 1933, he had to wait because no editor wanted to accept such horrible visions. Now, Drucker has dealt with such controversial issues as individual freedom, industrial society, big business, the power of managers, automation, monopoly, and totalitarianism.

We must indicate that his analysis of the Administration, is a valuable guide for the leaders of companies that need to study their own performance, diagnose its failures and improve its productivity, as well as that of your company. Several companies have taken their approaches and put them into practice, such as Sears Roebuck & Co., General Motors, Ford, IBM, Chrysler, and American Telephone & Telegraph.

The consultant assured that there are some differences between the figure of the manager and that of the leader. For him, true leaders recognize their shortcomings as mortal beings, but they systematically concentrate on the essentials and work tirelessly to acquire the decisive competences of management. Actually, the contributions of this character in the world of administration and in the economic and social world have been significant. Drucker died on November 11, 2005, leaving a great legacy.

Jeff Bezos biography

Jeff Bezos (January 12, 1964). His birth name is Jeffrey Preston Bezos. Businessman and founder and CEO of Amazon. He was born in Albuquerque, New Mexico, United States. His mother, Jacklyn Gise, had him as a teenager and his biological father, Ted Jorgensen, left them as soon as he heard the news. Years later his mother married Miguel Bezos a Cuban. Now, Miguel adopted Jeffrey and he received his last name. The family moved to Houston, Texas. Jeffrey Bezos studied at River Oaks Elementary, he was always a very smart and witty little boy.

They moved to Miami, where he studied at Miami Palmetto Senior High School. And upon graduating he entered Princeton University to study Electrical Engineering and Computer Science, his thesis was cum laude. In 1996, he started working in a fiber optic company, FITEL, where he was responsible for the development of computer systems, his performance was so good that he became vice president. After moving to New York with the idea of ​​entering the world of finance, in Bankers Trust, he also held the position of vice president in 1990. In the following four years, Bezos worked with another Wall Street company: D.E. Shaw and Co.

Bezos realized that the purchase/sale of products and services on the internet or other electronic means would be a great field to explore and exploit. For this reason, he founded the electronic commerce company Amazon in 1995. Its service was something new for the netizens, which produced an increase in the visits quickly. Only in the first month of operation had books been sold in all corners of the United States. Months later it reached 2,000 daily visitors, a figure that would multiply abysmally in the next year. In 1997, the success made Amazon become one of the most important companies online.

Bezos had managed to conquer the internet business. Encouraged by the reception of consumers, he undertook the diversification of products, including CD and DVD media and electronic devices. As demand increased, this ingenious man included new products to his virtual store. The growth and its popularity were such that today it distributes from food to home, clothes and shoes, video games and music, to toilet paper and diapers. Amazon has experimented with the lucrative benefit of advertising since it gives the possibility to companies to advertise their products and mark them as featured products.

Bezos established independent Amazon websites for United States, Canada, United Kingdom, Australia, Germany, Austria, France, China, Italy, Spain, Japan, the Netherlands, Brazil, India and Mexico, the variety of products can be several in each country. Currently, the services are enjoyed by companies such as Target Corporation, Marks & Spencer, the NBA, Sears Canada, Timex or Bombay Company. The AOL online sales service also supports. In 2007, Bezos shook the world with the creation and launch of Amazon’s alter ego: Amazon Kindle, a device specially designed for the visualization of electronic books. Amazon Kindle was launched for the first time in North America and is currently available in 45 countries.

In 2011, The Economist awarded Bezos and Gregg Zehr an Innovation Award for the Amazon Kindle. The following year, Bezos was named Entrepreneur of the Year by Fortune. It is part of the Bilderberg Group. Bezos has given several conferences in St. Moritz, Switzerland, and participated in the conference in Watford, Hertfordshire, England. He was a member of the Executive Committee of the Business Council in 2011 and 2012. In 2018, he appeared on the Forbes list, where a net wealth of 106 billion dollars was estimated. He has also received other awards as the best CEO in the world by Harvard Business Review. Jeff Bezos has also been on Fortune’s list of the 50 best leaders in the world. In September 2016, he was awarded the Heinlein Prize for advances in Space Marketing. He donated the prize money to the international student organization Students for the Exploration and Development of Space by Bezos.

Since 2017, he has seen an increase in Amazon shares. They went up more than 130%, which made him have a profit of more than 100 billion dollars, after this, he returned to be the richest person in the world. He was named Person of the Year in Time magazine and was awarded an honorary Doctor of Science and Technology degree at Carnegie Mellon University in 2008. Really, the awards and awards have been impressive. Much of this is because Bezos, started in the field of journalism, looking beyond its commercial horizons; beyond the web. Bezos entered the world of media, acquiring the traditional newspaper The Washington Post for the sum of 250 thousand dollars.

Henry Gantt

Henry Gantt Biography

Henry Laurence Gantt (May 20, 1861 – November 23, 1919) industrial engineer . He was born in Calvert County, Maryland, United States. During his childhood and youth, he and his family lived devastating moments, especially in the economic part. His parents owned crops in Calvert but remained in ruins after the devastation caused during the Civil War. After that political and social event, they did not overlap economically so they had to live various hardships.

In spite of this, his parents did everything possible so that the young Gantt finished his school training at McDonogh School in 1878 and went to Johns Hopkins University to study industrial engineering. His performance was very good, when he graduated he started working as a teacher and draftsman, Gantt had a great skill for drawing since he was a kid. Then he studied mechanical engineering at the same university. In 1887, he was hired in Frederick W. Taylor to carry out an application of the principles of the Scientific Administration with his work in Midvale Steel and Bethlehem Steel, he carried out this work until 1893. In his career as a consultant, he invented the Gantt diagram.

Later, he designed some systems to measure the efficiency and productivity of workers, such as task bonds and the payment system and other methods that facilitate this process. This diagram became very popular for its simplicity, performance, and quality at that time, as well as at this time, pointed out the various tasks to be performed in a horizontal timeline, it has been used as a tool in operations that require strict temporal planning. However, Henry Gantt’s studies focused on the analysis of the performance of work methods, which depends on his judgment of the willingness to use the correct methods and skills.

Gantt was very concerned about leaving his knowledge embodied in paper, therefore, in 1908 presented before the American Society of Mechanical Engineers the text: Training of workers in habits of diligence and collaboration, in which he exposed the need to change the employer’s tactics; it is not a way of acting in the place, in the techniques, in the work, in the information, in the habits, in the possibilities, in the efficiency and in the efficiency of his work. As a complement to this, it is a bonus system that has been added to work and work done in a standardized time standard.

With these measures we tried to raise, not only the quantity, but above all the quality of work, following Taylor’s theory, the so-called common prosperity theory: what he says is that the worker has a kind of personal satisfaction to do the job well, this generates a feeling of pride that will make you try harder. For his part, the employer will notice an increase in productivity and the sum of a reduction in labor disputes. This is exposed with mastery in work, wages, and benefits (1913).

In the field of administration, his most known contribution is the graph of the bars such as the chart or the Gantt chart, which is composed in a diagram in which the horizontal axis represents the units of time, and in the vertical is recorded the different functions, which are represented by horizontal bars. With the help of this engineer, companies and the discipline of business administration is very broad, some of them are: the Gantt diagram, the development of the concept of industrial efficiency, the implementation of the system of Bonds of Tasks, with this adopted the premium to the workers. And he also implemented the Daily Balance Chart.

It was also very emphatic to ensure that companies have a social responsibility, in their opinion, companies have obligations for the welfare of society. His support for the scientific organization of work is also highlighted. When he worked for Frederick W. Taylor, with whom he collaborated in the application of his own doctrine to improve productivity, and in the second stage of the Industrial Revolution .

After 14 years of being at Taylor’s side, he made the decision to separate from this because his interest was the humanization of industrial practices and the dehumanized theories of Frederick Taylor . Unfortunately, in his last years of life, Gantt did not have the opportunity to finish several of his projects because his health was undermined. Finally, Henry Gantt died on November 23, 1919, in the town of Pine Island in New York .

His importance lies in the fact that it is the founder of scientific administration , an activity developed in the United States that later spread throughout the world with the idea of ​​achieving humanization, rationalization, and performance.

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5 Things You May Not Know About Elon Musk

He developed and sold a video game at age 12

The budding CEO got his start in the technology industry after seeing a computer in a store for the first time at age 10. He learned to program and developed the code for a shooting-spaceship game called Blastar, which he sold to a computer magazine for $500. Naturally, the boy with grand ambitions didn't stop there, and he devised plans with his younger brother, Kimbal, to open an arcade near their school. However, those plans were nixed when their parents refused to provide their legal consent for a permit, and the brothers wound up selling chocolates to classmates instead.

He spent just two days at Stanford University

Musk enrolled at Stanford in 1995 for graduate studies in applied physics, but by that point, he was consumed with the game-changing capabilities of the internet. When applying for academic deferment, Musk said he would return in six months if his endeavors didn't pan out; the department chairman replied that he didn't expect to see the young computer whiz again, a prediction that proved 100 percent accurate. Musk went on to found Zip2, which established an online presence for brick-and-mortar organizations, and by the time Compaq swooped in to buy the company four years later, there was little need to resume his formal education.

He inspired the creation of a solar power company

In 2004, Musk was driving with his cousin Lyndon Rive to Burning Man, the annual late-summer festival held in Nevada's Black Rock Desert. A successful software entrepreneur in his own right, Rive confessed a desire to embark on a more meaningful enterprise. Musk suggested he consider the possibilities of solar power, and over the course of the drive and subsequent hedonism in the desert, the idea blossomed. Rive and his brother Peter created SolarCity, which grew into the country’s largest solar provider with their cousin on board as chairman. Something about Burning Man clearly fires up Musk’s imagination; he claims to have conceived the idea of a vertical takeoff and landing electric plane at the festival, calling it a "very creative place."

He is the real-life model for 'Iron Man's' Tony Stark

When Iron Man writer and director Jon Favreau was exploring ways to humanize the character of Tony Stark, the charismatic, super-smart protagonist of the comic book and movie series, actor Robert Downey Jr. suggested he get in touch with Musk. Favreau wound up shooting parts of Iron Man 2 at the SpaceX factory, and Musk later found a way to replicate his fictional counterpart’s methods of designing rocket parts on a computer screen by waving his hands across a sensor.

He owns a James Bond car

Musk owns the Lotus Esprit from the 1977 James Bond flick The Spy Who Loved Me , which (spoiler alert!) turns into a submarine after Bond and his beautiful female companion zoom off a pier to escape the enemy. Known as "Wet Nellie," the stunt car languished for years in a storage unit before being sold to an anonymous buyer at a London auction in 2013. After the buyer was revealed to be Musk, he released a statement in which he expressed disappointment that the car did not actually turn into a real submarine, adding, "What I'm going to do is upgrade it with a Tesla electric powertrain and try to make it transform for real."

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Elon Musk's biography, an (anti)education manual

As part of a series exploring parenting abroad, Le Monde looks at how the American billionaire and Tesla founder is leaning on his own version of the Montessori method of education to raise his 11 children.

By  Guillemette Faure   (in New York)

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In September, the publication of Elon Musk , Walter Isaacson's biography of the American billionaire, led to much discussion about the brutality of the businessman's management methods, his concerns for civilization and the power his satellites give him in international relations. Not as amply debated was the educational treatise that appears between the lines: "I'm raising my child to go to Mars."

What Silicon Valley does with its children has become a topic of interest since it became known – precisely thanks to another biography by Isaacson – that Steve Jobs, who died in 2011, didn't allow his children to play with tablets. This argument is often used in debates about screens in every country. Yet the fact that the Apple co-founder claimed to be sterile to deny being the father of his eldest daughter and not to pay child support before contesting the results of a DNA test, and then settled the matter so as not to disrupt Apple's IPO, should prompt us not to make him an education benchmark.

But back to Musk, who regularly urges people to have as many children as possible to save civilization. The 52-year-old says he has set an example by having 11 (so far) of his own. To mock Lucid Motors, an electric car manufacturer in competition with Tesla (of which he is director general), he tweeted in 2022 : "I had more kids in Q2 [2021] than they made cars!" While mathematically approximate, Musk indeed had three children that quarter: a daughter with the Canadian artist Grimes, with whom he already had a son, and two conceived by assisted reproductive technology with Shivon Zilis, a senior executive at his start-up Neuralink and an "intellectual companion," cautiously wrote biographer. The former learned of the latter's existence during her pregnancy, while the surrogate mother of her daughter conceived with Musk and Musk's "colleague" was under medical supervision at the same maternity ward. Before these three, the billionaire had already had six children with his first wife, Justine Wilson: a first son (deceased), a pair of twins and triplets. After the three he had in 2021, he had an 11th child with Grimes.

'Mars is where you'll be living one day'

As is well known, the youngest of the 11 have first names mixing the periodic table and mythology, a clear marker of people who read too much science fiction growing up. The Musk children also have nicknames (the latest, Techno Mechanicus, is called Tau, for example), which must make life easier for those around them. Isaacson's biography is full of photos of the multibillionaire with his children at work.

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3 Surprising Moves Elon Musk Made in His Career That Worked — And Why You Should Start Making Them Today

April 26, 2024 — 07:30 am EDT

Written by Yaël Bizouati-Kennedy for GOBankingRates  ->

Elon Musk is the third richest man on the planet, with a net worth standing at a whopping $179 billion, according to Bloomberg Billionaires Index (though that net worth dropped by $50.4 billion year-to-date).

Check Out: 9 Bills Frugal People Don’t Pay Read More: One Smart Way To Grow Your Retirement Savings in 2024

Musk is –deep breath — the founder, chairman, CEO and chief technology officer of SpaceX, CEO of Tesla, Inc., owner, chairman and CTO of X Corp., founder of the Boring Company and xAI, co-founder of Neuralink and OpenAI, and president of the Musk Foundation. Last but not least, Musk bought X — formerly Twitter – for an eye-popping $44 billion in 2022.

Musk, who is known for not being afraid of speaking his mind and has sparked several controversies, has made several moves in his career that worked well, and which could also resonate with a larger audience:

1. Getting in Early on Trends

Musk tends to get in early on trends, especially when it comes to technology shifts.

“He basically took a start-up type of attitude (innovative, high chance of failure) to cars and rockets, which had both become stagnant industries dominated by aversion to risk andc hange, and run by bean counters instead of engineers,” according to a Quora user.

This was once again demonstrated most recently with his foray into artificial intelligence (AI), with the newest company, xAI, which is working on “building artificial intelligence to accelerate human scientific discovery,” according to its website.

2. Focusing on Costs

The Wall Street Journal reported that Walter Isaacson’s biography of Elon Musk (“Elon Musk”), shows the extreme attention Musk has had on costs — especially at SpaceX.

“Musk once ordered engineers to develop an in-house valve after a supplier quoted a price he deemed too high. Another time, he ordered the company to make an actuator for $5,000 after SpaceX was quoted an outside price of $120,000,” according to The Wall Street Journal.

3. Diversifying

Musk, unlike many of his fellow billionaires, took a very different approach to amass his extraordinary wealth thanks to several and diversified business operations instead of a single success path, according to History Computer.

From electric vehicles, to rockets and from social media to AI, Musk seemingly has a hand in several sectors, which might be helping him protect against risk — and potential losses.

Learn More: Warren Buffett: 6 Best Pieces of Money Advice for the Middle Class

In turn, he has also been able to re-invest some of his profits. Most recently for instance, he had pledged 58% of his Tesla shares as collateral to secure personal indebtedness for the 2022 $44 billion Twitter acquisition, according to Bloomberg.

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This article originally appeared on GOBankingRates.com : 3 Surprising Moves Elon Musk Made in His Career That Worked — And Why You Should Start Making Them Today

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Elon Musk Claims Wealthy Nations are Committing "Demographic Suicide"

Posted: April 28, 2024 | Last updated: April 28, 2024

Tech billionaire and Tesla CEO Elon Musk has expressed concerns that wealthy nations rely on immigration to boost the population, instead of focusing on birth rates. 

Musk recently sent out a series of posts on his platform X discussing his thoughts on “demographic suicide” in high GDP nations.  

Sharing Concerns Regarding Low Birth Rates

The South African born entrepreneur has been known in the past to raise concerns over immigration rates.   

In early March of this year, he accused President Joe Biden of “importing voters” in order to secure the presidency.  

Nations With a High GDP Often Have Low Birth Rates

Musk noted that any nation with a high GDP constitutes around $10 thousand income per capita.    

Wealthy countries have always had lower birth rates than the poorest nations due to the increased freedom of choice, access to contraceptives, and high cost of childcare.

What Is “Demographic Suicide”?

As Musk has commonly shared his concerns about the low birth rate in America and other developed nations, he added his opinions about high rates of immigration.    

He cited in a post on X that even though the population remains constant, the birth rates are increasingly going down. His concerns raise important issues about the way that a nation can continue economic growth through replacing its workforce with new life.  

Musk Wants One Billion Americans

As reported by Bazinga, Musk agreed with a machine learning scientist at Nvidia Corp when he stated that “there should be one billion Americans”.  

In the past, the Tesla owner has expressed concerns of a world without enough people to keep the economy progressing. However, the global population has reached an unprecedented 8.1 billion and continues to grow as of 2024.  

Concerns of a Population Crash Before Global Warming

In a follow up post on social media app X, the Tech CEO shared that he has more concerns over a population collapse than global warming.

Although he admits that global warming is a pressing issue, more people generally translates to more energy and resources being used, which directly affects climate change.   

Big Donation to the University of Texas at Austin

With a huge $10 million donation to UT Austin, Musk pledged his support to new research around the arena of fertility studies.

The donation went towards the Population Wellbeing Initiative, which studies the impact of fertility and climate change in the U.S.

The Population Wellbeing Initiative (PWI) Studies Real Factors Affecting Birth Rates

In their research at UT Austin, the scientists involved in the PWI study the direct correlation that the economy has on birth rates and vice versa.  

Information available on their website states that many women desire to have two or more children, but blame an economic inability to provide adequate care as a reason for having less than two or no children.   

Many People Feel Trapped in Bad Economic Cycles

Even though the U.S. is one of the wealthiest nations in the world, many people choose to forgo having children due to poor economic circumstances or overly expensive child care even when they are in good economic standings. 

However, the cycle seems to be caught within itself. Generally, an economy cannot grow without an adequate number of people replacing the current workforce, but the workforce can’t seem to have children due to the current economic circumstances.  

Global Birth Rate Is Declining

Although the global population has hit new heights, the reason is generally caused by people living much longer than previously anticipated.   

Around the world, birth rates have been declining on an average of 4.3%. Advanced countries like South Korea have some of the lowest birth rates on record at a staggering 6.5%.    

How Birth Rates Affect Future Economies

Although it might seem like good news that less people are going to be on Earth to use less resources, the low birth rate will eventually begin to affect the economy.  

Since people are living much longer than usual, younger generations will need to create more cash to support the aging population. Costs for the elderly include things like increased use of healthcare, social programs, and pensions.    

Shrinking Birth Rates Mean a Shrinking Economy

The birth rate is so low in certain countries that the number of elderly will soon outnumber the amount of people in the workforce.   

However, since the U.S economy is still gaining in population, it’s unclear how a reduction in white Americans will affect the economy in the future as long as the adequate amount of workers remain constant or growing. 

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