Categories: Biography

Elon Musk – How Elon spends $150 BILLION & some interesting FACTS about Elon

Let’s start with some basic information about Elon Musk

Elon Musk is a multi-billionaire entrepreneur and the CEO of Tesla, SpaceX, and SolarCity.

He was born on June 28th, 1971 in South Africa to an American parents.

Elon Musk had a tumultuous childhood with his father moving around for jobs, eventually ending up in Canada where he died from complications after being bitten by a cobra.

His mother later married again to another man named Errol Musk who adopted Elon and his two brothers.

He then moved with his stepfather to the United States when he was 12 years old where they lived in Herndon, Virginia outside Washington D.C.

More about Elon…

Elon Musk wanted to build rockets in his early career as a child when he first saw the movie Moon and went on to make his own model of the Saturn V rocket.

He was accepted into Duke University.

He graduated from the University of Pennsylvania in 2002 with a Master’s degree in Electrical engineering and founded Zip2 which eventually became PayPal.

In 2002, Elon Musk sold Zip2 and used the money to start which aimed to be an online bank.

It was very similar to PayPal but could only be used in the U.S and offered little benefit for non-U.S customers. was renamed PayPal in 2001 and he became the CEO of PayPal until it was sold to eBay for $1.5 billion in 2002. Elon Musk became a multi-billionaire from this sale.

Business Expansions

In 2004, Elon Musk launched SpaceX with the main goal of creating reusable rocket launchers which would dramatically reduce costs in space flight and make humans a multi-planetary species.

This started with its first rocket, named Falcon 1 which took 4 years to build and cost $30 million although the company had difficulties raising capital as most people thought that this could not be achieved as it was such a radical idea.

His next step was the Falcon 9 which became the first privately funded liquid-fuelled rocket to reach orbit.

On September 28th, 2015, a Falcon 9 rocket with a Dragon spacecraft on top of it launched successfully and now is the first privately funded company to put cargo into orbit.

This was followed by the follow on the launch of Turkmenistan’s communication satellite Gostav-T1 in April 2016.

The rockets are now almost fully reusable and it is estimated that they can save $700 million over their lifetime.

SpaceX has been developing a reusable spaceship designed for long-haul transport by 2018 which will be called BFR (Big Falcon Spaceship).

As well as building rockets, Musk has invested in electric cars and solar power.

How Elon Musk spend $150,000,000,000?

Elon doesn’t come from money, In the early 90’s he was working so hard that he would sleep in his office and shower at the Y.

The man was living on a dollar a day budget, that changed after he sold his first company Zip2 for $307 million in cash.

In 2012 he bought his first mansion in Bel Air, after the origional purchase he bought 5 more in the same neighborhood for a grand total of about $100 million.

Elon is a very busy man. He flies over 150k miles every year in his $70 million G6 private jet,

Ofcourse he prefers Teslas but he’s also purchased a McLaren a ’67 Jaguar and a Lotus Espirit from James Bond which ran him $920k.

In 2020 Elon had a change of heart. He tweeted out that he was going minimalist and selling off all his homes and material possessions, when asked why?

He responded – “I think possessions kind of weigh you down”, “They’re kind of an attack vector’.

Today he rents his property and keeps only sentimental and essential possessions.

I will be talking about some amazing facts about him

Musk created a video game at age 12, sold it for $500

Musk created a video game called ‘Blastar’ at age 12.

He wrote the computer programming for the game which was a science fiction-inspired game similar to Space Invaders.

The game was later published by a South African company that paid Musk $500 for its source code. 

Musk dropped out of Stanford in two days

Elon Musk earned two bachelor’s degrees at the University of Pennsylvania after which he moved to California to study Physics at Stanford. Surprisingly, he dropped out just after two days to found his company, Zip2 Corporation.

Musk has six children, all of whom are boys

Musk has six children, all of whom are boys. His first wife gave birth to a set of twins (Xavier and Griffin) in 2004 and then triplets (Kai, Saxon and Damian) in 2006. Currently, Musk and his first wife Justine share custody of the five children.

Musk also fathered a son in 2002 who died in just 10 weeks due to Sudden Infant Death Syndrome (SIDS). 

In 2018, Musk began dating Canadian Singer Claire Elise Boucher and two years later had a son with her named X Æ A-12 Musk (pronounced x-ash-a-12).

These are some facts about Elon Musk, please let me know how did you find this information.

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