Background
Elon Musk is a multi-billionaire entrepreneur and the CEO of Tesla, SpaceX, The Boring Company, Neuralink and several other companies. He is widely respected for his ambitious, innovative business strategies. But few know where he calls home.
Born and raised in South Africa, Elon Musk left his home country at the age of 17 to pursue his dreams in the United States of America. His journey started with a degree in economics at the Wharton Business School at the University of Pennsylvania. After a stint in the tech industry, he founded his first company, Zip2. From there, his business ventures go from strength to strength, to what he is today.
Real Estates
Elon Musk lives in a combination of residential and business properties located in different parts of the world. His main residence is a Bel Air mansion located in the exclusive area of Los Angeles, California. The four-story estate is estimated to be worth around USD 30 million and covers31,000 square feet of luxury. Musk also owns a portfolio of properties across the United States, including a family home in Texas, New York City penthouses and a ranch in Wyoming.
When it comes to business spaces and offices, Musk owns or has a stake in SpaceX and Tesla headquarters. Both are located in Hawthorne, a suburb of Los Angeles, California.
Travels
Elon Musk is no stranger to traveling the world. His businesses, conferences and investments take him all over the world, yet he still finds the time to meet his responsibilities as the CEO of Tesla, SpaceX, the Boring Company, and Neuralink.
Spending the majority of his time in the US, Musk takes business trips to countries like China to work on projects and investments with local businesses, as well as making time for leisure trips to destinations of his choice. In addition to his global travels, he is a private jet enthusiast, which allows him to get around the world with ease and in style.
Hobbies
Elon Musk is known for his ambitious nature, but when he’s not tinkering with technology, exploring outer space and making clean energy more accessible, he likes to relax and indulge in activities he likes best.
He takes time off with his children, going on vacations across the world, from Disneyland to Orlando, from New York City to Hong Kong. He loves exploring outdoors, from adventure activities like hiking and diving, to simply sitting back and admiring nature’s beauty from the comfort of his terrace.
He also has a great interest in the entertainment industry, watching films, attending movie and theater premieres, listening to music and indulging in photography and films.
Relationships with Family, Friends and Colleagues
Elon Musk is very much family oriented. He allegedly devotes at least a quarter of his time with his children and often speaks quite emotionally of his five sons. He also enjoys being surrounded by his dear friends and colleagues and has been known to spend an evening or two at Soho House in Los Angeles where he mingles with the rich and famous.
Musk is also a believer in the power of teamwork and collaboration, which he believes helps to drive his businesses forward. He is known to spend a lot of time meeting with his closest colleagues and having technology lessons in the offices of Tesla and SpaceX.
Philantrophy
Elon Musk is actively involved in philanthropy, using his money and influence to help others. He has partnered with foundations like the Girl Up campaign, which works to get young entering grades to pursue science and tech careers. And he is a major donor to the XPRIZE Foundation, an organisation that encourages innovation to solve some of the most pressing issues of our time.
Apart from that, Musk is also a major donor to the OpenAI research lab, a non-profit artificial intelligence research lab co-founded by Musk and Y Combinator president Sam Altman. OpenAI works to advance digital intelligence in the way that is most likely to benefit humanity as a whole.
Finally, Musk has contributed to Habitat for Humanity, a charity that works to build and repair homes for low-income families.
Media Presence
Elon Musk has a high profile media presence. He is active on social media platforms like Twitter and Instagram, where he keeps his significant following updated on the news from Tesla, SpaceX and his other companies. He is also a regular guest on popular talk shows and panel debates, frequently appearing on podcasts such as ‘The Joe Rogan Experience’.
He has become a household name and often finds himself on the pages of magazines and newspapers, whether it’s for his business opportunities or philanthropy work. He has a public image that preceded restorations and serves as an inspiration to aspiring entrepreneurs, filmmakers and philanthropists.
Brand Endorsement
The ultimate multi-billionaire, Elon Musk is not a shy to promote his own enterprise, but also to other well-known brands. His endorsements include apparel companies such as The Atari Line, watchmaker Richard Mille, and most recently, the Boring Company, a tunneling excavation company he co-founded.
He also co-owns a venture capital firm with Yuri Milner, a technology investor who has made investments in the likes of SpaceX, Facebook, Twitter, Spotify and Dropbox. Musk is also no stranger to appearing in media himself, from business magazines like Forbes and Bloomberg, to appearing in films like Iron Man 2.
Investments
Elon Musk is a known investor in multiple business projects. His stake in Tesla Motors and SolarCity exceeds USD 10 billion and he has been actively involved in the rise of various technology firms like PayPal, Hotmail, Nest and Kiva Systems.
He is also a major investor in the media industry, having made investments in popular websites like BitTorrent, Urban Ape, Singhal Films and Pocketsoft Games.
Musk’s portfolio also includes multiple real estate investments. He has invested in properties in cities like Los Angeles, New York and Miami, as well as luxury homes and condos in exotic international locations, including hotels and resorts in Mexico, England, France and Greece.
Truly a business mogul, Elon Musk’s net worth reached an estimated USD 135 billion.
Legal Troubles
Elon Musk has had his fair share of legal troubles over the years. From trademark infringement lawsuits in 2004, to charges of securities fraud, and more recently, a court case accusing him of libel regarding his infamous “pedo guy” tweet. Despite having to cough up millions in fines, Musk has still managed to keep his impeccable standing in the industry intact.
However, Musk has had some success in court too. In 2009, he won a USD 15 million settlement from his ex-wife Justine, on accusations that she had stolen confidential information and squandered Musk-funded partnership investments.
The latest news is a settlement with the Securities and Exchange Commission, which resulted in Musk paying a USD 40 million fine and stepping down as Chairman of the Board of Tesla while remaining CEO.
Motivation and Drive
Elon Musk is a walking example of success and, while his life reads like a business fairytale, it is his relentless drive and ambition short of perfection that has propelled him to the top of the corporate ladder.
His success is a combination of his willingness to take risks, out-of-the-box thinking, and a never-give-up attitude. He is a start-up entrepreneur who believes in the power of technology, and will stop at nothing until his vision of the future is realised in the present.
His ambitious projects often take a lot more time and money than anticipated, but Musk doesn’t shy away from the difficulties and continues forward. It is this attitude that has earned him the respect of the business world and continues to inspire generations of innovators.
