Elon Musk, a South African-born Canadian-American businessman and entrepreneur, is known for co-founding PayPal, SpaceX, and Tesla, and for acquiring Twitter (now X). He was also named Time Person of the Year in 2021 and currently serves as Commissioner of the Department of Government Efficiency in the second Donald Trump administration. His wealth comes from various technology projects, including an online finance company that merged with PayPal and his involvement with Tesla.
Early Life and Education:
- Born in Pretoria, South Africa, on June 28, 1971.
- Showed an early interest in computers, creating and selling a video game at age 12.
- Emigrated to Canada in 1989 and later became a U.S. citizen.
- Graduated from the University of Pennsylvania with bachelor's degrees in physics and economics.
- Business Ventures:
- Co-founded Zip2, a software company that provided maps and business directories to online newspapers, which was later sold to Compaq for $307 million.
- Co-founded X.com, which merged with Confinity and later became PayPal, which was purchased by eBay for $1.5 billion.
- Founded SpaceX in 2002, aiming to reduce the cost of space travel.
- Joined Tesla as its product architect in 2004 and eventually became CEO.
- Acquired Twitter in 2022 and renamed it X.
- Recent Activities:
- Lead the Department of Government Efficiency (DOGE) in President Trump's second administration.
- Helped the Trump administration cut government spending.