He is of British and Pennsylvania Dutch ancestry. To settle the case, Musk stepped down as the chairman of Tesla and paid a $20 million fine.Įarly life and education Childhood and familyĮlon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa's administrative capital. Securities and Exchange Commission (SEC) sued him for falsely tweeting that he had secured funding for a private takeover of Tesla. His ownership of Twitter has been similarly controversial, being marked by the laying off of a large number of employees, an increase in hate speech and misinformation and disinformation on the website, as well as changes to Twitter Blue verification. He has been criticized for making unscientific and misleading statements, including COVID-19 misinformation, and antisemitic conspiracy theories. Musk has expressed views that have made him a polarizing figure. In March 2023, he founded xAI, an artificial intelligence company. and rebranded the service as X the following year. He subsequently merged the company into newly created X Corp. ![]() In 2022, he acquired Twitter for $44 billion. The following year, Musk co-founded Neuralink-a neurotechnology company developing brain–computer interfaces-and the Boring Company, a tunnel construction company. In 2015, he co-founded OpenAI, a nonprofit artificial intelligence research company. In 2013, he proposed a hyperloop high-speed vactrain transportation system. In 2006, Musk helped create SolarCity, a solar-energy company that was acquired by Tesla in 2016 and became Tesla Energy. He became its chairman and product architect, assuming the position of CEO in 2008. In 2004, he became an early investor in electric vehicle manufacturer Tesla Motors, Inc. In October 2002, eBay acquired PayPal for $1.5 billion, and that same year, with $100 million of the money he made, Musk founded SpaceX, a spaceflight services company. X.com merged with Confinity in 2000 to form PayPal. The startup was acquired by Compaq for $307 million in 1999, and, that same year Musk co-founded X.com, a direct bank. However, Musk dropped out after two days and, with his brother Kimbal, co-founded online city guide software company Zip2. He moved to California in 1995 to attend Stanford University. ![]() Musk later transferred to the University of Pennsylvania, and received bachelor's degrees in economics and physics. Two years later, he matriculated at Queen's University at Kingston in Canada. Ī member of the wealthy South African Musk family, Elon was born in Pretoria and briefly attended the University of Pretoria before immigrating to Canada at age 18, acquiring citizenship through his Canadian-born mother. He is the wealthiest person in the world, with an estimated net worth of US$232 billion as of December 2023, according to the Bloomberg Billionaires Index, and $254 billion according to Forbes, primarily from his ownership stakes in Tesla and SpaceX. founder of the Boring Company and xAI co-founder of Neuralink and OpenAI and president of the Musk Foundation. He is the founder, chairman, CEO, and CTO of SpaceX angel investor, CEO, product architect and former chairman of Tesla, Inc. Elon Reeve Musk ( / ˈ iː l ɒ n/ EE-lon born June 28, 1971) is a businessman and investor.
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