Tropical Weight Loss
Photo by Karolina Grabowska Pexels Logo Photo: Karolina Grabowska

Where does Elon Musk's money come from?

How did Elon Musk make his money? Elon Musk has made billions from various business ventures - from founding PayPal and SpaceX to becoming the CEO of Tesla. His net worth is also based on his shares in Tesla, as he owns around 24 per cent.

Which vitamin helps lose weight?
Which vitamin helps lose weight?

Vitamins B, D, iron, and magnesium are four well-known weight reduction vitamins. Vitamin B helps the body to convert food into energy. It also...

Read More »
Does face fat go away?
Does face fat go away?

Even though you can't specifically target face fat, you can take steps that will result in losing some excess fat in general. Engaging in physical...

Read More »

T he world’s richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter after months of legal wrangling. He tweeted “the bird is freed”, in an apparent reference to the deal closing. A number of top executives, including the boss, Parag Agrawal, have reportedly been fired. Earlier this year, he accused the social media company’s top leadership of misleading him over the number of spam accounts on the platform. The Tesla and SpaceX founder was given a deadline of October 28 to close the deal, to avoid going to trial, after the social-media company sued him for trying to rip up his original offer made back in April. The PayPal and SpaceX founder is estimated to have a net worth of $264.6 billion, making him the richest man in the world.

But how did Elon Musk become a billionaire?

Was Elon Musk born rich?

Elon Musk’s father, Errol Musk, was an engineer and entrepreneur.

According to Business Insider , Errol sold an airplane for £80,000 and, with the cash in his hand, he was asked if he wanted to buy half an emerald mine for half the money – £40,000. He is said to have acquired emeralds from the mine for six years – employing a cutter in Johannesburg and selling the gems. In 2017, Rolling Stone reported: “Errol was, by his own account, making money in the often dangerous worlds of construction and emerald mining – at times, so much that he claims he couldn’t close his safe.”

What is the best drink to flush your system?
What is the best drink to flush your system?

Drinking water is one of the best and fastest ways to flush out toxins from your system. Water transports toxins through your system via your...

Read More »
How can you suppress your appetite?
How can you suppress your appetite?

13 Science-Based Ways to Reduce Hunger and Appetite Eat enough protein. ... Opt for fiber-rich foods. ... Drink plenty of water. ... Choose solids...

Read More »

However, Elon has denied claims that his father owned an emerald mine, and said that the Business Insider article was “false”. In a 2021 tweet, Elon said: “There’s no evidence whatsoever of an ‘emerald mine’.” He went on to say: “My father and his extended family have been dependent on financial support from my brother and me for over 20 years.” Elon has said he arrived in Canada with CA$2,500 and paid his own way through college, ending up with $100,000 of student debt. The billionaire said he started his first company with no funding and only the computer he built.

How did Elon Musk make his money?

Elon Musk has made billions from various business ventures - from founding PayPal and SpaceX to becoming the CEO of Tesla. His net worth is also based on his shares in Tesla, as he owns around 24 per cent.

But how did he begin making money?

Musk’s first company – which he founded in 1995 – was an online local business directory called Zip2. In 1999, Compaq Computer Corp. bought Zip2 for $307 million and it became a part of the search engine AltaVista. The sale earned Musk $22 million. He then founded an online bank called X.com which merged with Confinity in 2000 – and was later rebranded as PayPal. When eBay bought PayPal for $1.5 billion in 2002, it is thought Musk made around $170 million, after taxes.

What kind of pills burn fat?
What kind of pills burn fat?

The table below lists prescription drugs approved by the FDA for weight loss. The FDA has approved five of these drugs—orlistat (Xenical, Alli),...

Read More »
What causes sudden facial aging?
What causes sudden facial aging?

Exposure to ultraviolet (UV) light. Ultraviolet radiation, which speeds the natural aging process, is the primary cause of early wrinkling....

Read More »

In 2002, Musk founded SpaceX, an aerospace manufacturer, which has been valued at $74 billion. He joined Tesla in 2004 and became its CEO in 2008. The car company is thought to be worth more than $1 trillion. He also founded tunnelling construction company The Boring Company, which has been valued at nearly $5.7 billion, according to CNN Business. Musk also co-founded nanotechnology company Neurolink and AI research company Open AI. He invested in SolarCity, which was sold to Tesla for $2.6 billion.

How do you lose visceral belly fat?
How do you lose visceral belly fat?

How can I reduce visceral fat? exercising for at least 30 minutes every day (for example by brisk walking, cycling, aerobic exercise and strength...

Read More »
Are grapes good for you?
Are grapes good for you?

The nutrients in grapes may help protect against cancer, eye problems, cardiovascular disease, and other health conditions. Resveratrol is a key...

Read More »
Can cranberry juice lower your blood sugar?
Can cranberry juice lower your blood sugar?

Contrary to what you might expect given the high carbohydrate content and medium GI score of cranberry juice, it may actually help you lower your...

Read More »
What is a romantic body type?
What is a romantic body type?

The Romantic body type is all about lush yin. It includes no sharp features or angles and usually embraces curves, rounded edges, and a more...

Read More »