Elon Musk Will Be The Worlds First Trillionaire In 2025
Elon Musk Will Be The Worlds First Trillionaire In 2025
Transcript
00:00 Elon Reeve Musk, a man who has multiple capabilities.
00:04 Elon Musk is a business magnate, industrial designer and engineer.
00:09 He is a man who owned a company that leads the highest record in the automaker in the United States.
00:14 This man started his journey with early investments and then step by step he established his own company titled Tesla.
00:21 According to calculation, the revenue of Tesla company in December 2020 is approximately $31.54 billion.
00:29 Founder of the Boring Company, co-founder of Neuralink and co-founder and the initial co-chairman of Open AI.
00:37 A cent billionaire in short.
00:39 Musk is one of the richest people in the world.
00:41 So the question arises, will Elon Musk be the world's first trillionaire?
00:46 So without further ado, let's get into it.
00:48 Elon Musk was born in the city of Pretoria, South Africa.
00:52 His mother was Canadian and his father belongs to South Africa.
00:55 Elon Musk started his career by briefly attending at the University of Pretoria.
01:00 From the beginning, Elon was pretty much sent to be a tech nerd from the get-go.
01:04 He developed himself and sold his first bit of video game code at the age of just 12.
01:09 He moved to Canada, Pennsylvania and then South Africa.
01:13 He makes his reputation high everywhere.
01:15 He is leading the list of richest persons on this planet.
01:18 In middle school or in high school, he was frequently bullied by everyone.
01:22 But after the first of his success is the sweetest answer for all.
01:26 Because people have negative images of him.
01:28 In 1995, Musk with his brother Kimball took his first step to establish a web software company in Palo Alto.
01:36 They managed a small rental house to set up for this company.
01:39 The main purpose of this company was to develop and market the publishing of newspapers, maps and yellow pages.
01:45 Elon said in an interview that before this company he had not enough money to purchase an apartment.
01:50 Slept on the office couch and showered at Young Men's Christian Association or the YMCA.
01:56 They could only afford a computer and according to Musk, he was coding all night.
02:00 Seven days a week, all the time.
02:02 And his brother took contracts by the New York Times and Chicago Tribunes.
02:06 Musk's attempt to become CEO were thwarted by the board.
02:10 After that, Zip2 he received $22 million for his 7% share from the sale.
02:18 After successfully running Zip2, Musk next stepped towards X.com or PayPal.
02:23 Elon Musk co-founded X.com, an online financial email payment company.
02:28 Over 200,000 customers enjoyed this service.
02:31 The company's investors saw the progress of Musk and replaced him with the designation of CEO Bill Harris at the end of the year.
02:38 Within a year, the two companies, X.com and PayPal merged and retained Elon Musk as CEO.
02:44 PayPal was acquired by eBay for $1.5 billion in stock, of which Musk received over $100 million.
02:51 In 2017, Musk bought the domain X.com from PayPal for an undisclosed amount, describing it as an unrealistic value.
02:59 In 2001, Musk conceived Mars Oasis.
03:06 Mars Oasis is a concept to build a miniature greenhouse on Mars that would try to grow food crops and reawaken public interest in space exploration.
03:15 Musk decided to start a company that could build affordable rockets.
03:19 With $100 million of his early fate, Musk founded Space Exploration Technologies Corporation, traded as SpaceX.
03:27 In May 2002, after the three failed in launching, SpaceX succeeded in launching the Falcon 1 in 2008.
03:34 It was the first private liquid-fueled rocket to reach Earth's orbit.
03:38 Later that year, SpaceX received $1.6 billion Commercial Resupply Services Program contract for 12 flights of its Falcon 9 rocket and Dragon spacecraft to the International Space Station,
03:50 substituting the space shuttle after its 2011 retirement.
03:54 Now, SpaceX has planned that they will have to flight of lunar circumnavigation mission called the Dear Moon in 2023.
04:00 Elon Musk experiences in every field.
04:03 After SpaceX, his mind went towards motors.
04:06 It is exactly Tesla Motors which is incorporated by Martin Eberhard and Mark Tarpenning,
04:11 who financed the company with the involvement of Musk until the company becomes stable.
04:16 Musk assumed the leadership of the company as CEO and product architect in 2008.
04:21 Tesla is the first motors that introduced in the electric sports car, the Tesla Roadster in 2008 with the sale of about 2,500 vehicles.
04:30 It was the first experience of an electric car in which lithium-ion battery cells were used.
04:35 Day by day Tesla Motors introduces kinds of cars.
04:38 Now the stock of Teslas has risen significantly, met the highest record and it has become the most valuable automaker in the US since 2020.
04:47 Solar City
04:49 Musk provided the initial concept of financial capital for Solar City.
04:53 Elon's two cousins co-founded Solar City in 2006.
04:56 In 2013, Solar City became the third largest solar power system in the United States.
05:02 In August 2019, Tesla declared they would begin renting solar systems to customers in six states starting at $50 a month.
05:10 Tesla received Solar City for over $2 billion in 2016 and transformed it into its solar division.
05:17 The declaration of the deal resulted in a more than 10% drop in Tesla's stock price.
05:22 Neuralink
05:24 After that, Musk became co-founder of Neuralink, a neural technology in 2016.
05:29 The main purpose to build this company that can be implanted in the human brain,
05:33 with the ultimate purpose of helping human beings merge with software and keep pace with advancements in artificial intelligence.
05:40 Musk explained that the long-term goal is to achieve symbiosis with artificial intelligence.
05:45 As of 2020, Neuralink is headquartered in San Francisco's Mission District,
05:50 sharing the former Pioneer Trunk Factory building with OpenAI, another company co-founded by Musk.
05:56 At a live demonstration in August 2020, Elon Musk briefly describes how it works for the deserving people in the state.
06:04 The Boring Company
06:06 I know you guys have some curiosity about the name, but trust me, it's really not boring.
06:10 It is the name of the company which is run under the supervision of Elon Musk.
06:14 The main objective is to construct tunnels.
06:17 Its current and recommended projects are designed for loop intra-city transit systems.
06:21 Although the company has stated that the Hawthorne tests tunnels,
06:25 the main thing is that the Boring Company was initially formed as a subsidiary of SpaceX,
06:30 becoming a separate and fully independent company in 2018.
06:34 The idea was allegedly inspired by Mel Brooks' directed film Spaceballs (1987), a favorite of Musk.
06:41 If we talk about the wealth of Elon Musk, he is leading the list of the richest person who owned the wealth of approximately $197 billion.
06:51 Musk has declared he graduated from college with $100,000 in student debt.
06:56 Musk made his fortune with PayPal's $1.5 billion sales to eBay in 2002.
07:02 He was first listed on the Forbes Billionaires list in 2012 with a net worth of $2 billion.
07:08 At the start of 2020, Musk was the 35th richest person in the world.
07:12 His net worth increased by $150 billion,
07:16 largely driven by his ownership of around 20% of Tesla stock throughout that year.
07:21 During this, Musk's net worth was often volatile.
07:24 In November of that year, Musk crossed Facebook co-founder Mark Zuckerberg to enhance the third richest person in the world.
07:31 A week later, he passed Microsoft co-founder Bill Gates to become the second richest.
07:36 In January 2021, Musk with a net worth of $185 billion surpassed Amazon founder Jeff Bezos to become the richest person in the world.
07:46 Bezos reclaimed the top spot the following month.
07:49 At around three quarters of Musk's wealth derives from Tesla.
07:52 He has tied his personal earnings to Tesla's valuation and revenue.
07:56 Musk will be compensated only if Tesla and all of its shareholders do extraordinarily well.
08:02 In the first award given in May 2020, he was likely to purchase 1.69 million Tesla shares, around 1% of the company at reasonable prices.
08:12 As Elon Musk's wealth looks, he seems to be the first trillionaire of this world.
08:17 With that being said, here we come to the end of our video.
08:20 And don't forget to subscribe to our channel so you never miss any video.
08:24 Till then, take care, thanks for watching.
08:26 (Music)