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Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading H M S In the news. Avery Hartmans. He who was born in South Africa, has been married three times, and has six sons. Musk is a controversial leader who has incited lawsuits and SEC investigations.
Visit Business Insider's homepage for more stories. Musk's mother, Maye, is a professional dietitian and model. She has appeared on boxes of Special K cereal and the cover of Time magazine. In , at the age of 69, she landed a contract with CoverGirl. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile.
Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. After an often difficult childhood, Musk developed a relentless work ethic he is known to work as many as 80 to hours per week and a tenacious, single-minded vision.
He is surpassed only by Jeff Bezos as the richest person in the world. Let's look briefly at the life of the man behind a string of companies that have disrupted multiple industries. His father was an engineer, and his mother a model and nutritionist. He is the oldest of three children, all high-achievers: His brother, Kimbal Musk, is a venture capitalist and environmentalist. His sister, Tosca Musk, is an award-winning producer and director.
After his parents divorced in , Musk lived primarily with his father. He would later dub the man "a terrible human being… almost every evil thing you could possibly think of, he has done. I had a lot of adversity growing up. By his own account, Musk a self-described bookworm and something of a smart aleck—he read voraciously, everything from encyclopedias to comic books.
He found few friends in the tough-minded Afrikaner culture he encountered in school. The years were lonely and brutal, from his descriptions. For a number of years, there was no respite.
If there was a point of bright escape for Musk; it was technology. When he was only 10, he became acquainted with programming via the Commodore VIC, an inexpensive home computer. Before long, he had become proficient enough to create Blastar—a video game in the style of Space Invaders. In one telling incident at that time, Musk, along with his brother, planned to open a video game arcade near their school. Ultimately, their parents nixed the plan.
But apparently, the only thing stopping them was the need for a city permit, for which an adult had to apply. At 17, Musk moved to Canada to avoid serving in the South African military, whose main duty in the late s was enforcing apartheid. He would later obtain Canadian citizenship through his mother. It was there that he met Justine Wilson, an aspiring writer. They would marry and have five sons together, twins and triplets, before divorcing in With a fellow student, he bought a bedroom fraternity house, which they used as an ad hoc nightclub.
Musk was 24 years old when he moved to California to pursue a Ph. But, with the Internet exploding and Silicon Valley booming, Musk had entrepreneurial visions dancing in his head. He left the Ph. In November , Musk made another splash with the unveiling of the new Tesla Semi and Roadster at the company's design studio. The semi-truck, which was expected to enter into production in before being delayed, boasts miles of range as well as a battery and motors built to last 1 million miles.
The compact crossover, which began arriving for customers in March , has a driving range of miles and a 0 to 60 mph time of 3. The Roadster, also set to be released in , will become the fastest production car ever made, with a 0 to 60 time of 1.
His Tesla Motors Inc. He is a majority shareholder in each entity. In January , Musk launched The Boring Company, a company devoted to boring and building tunnels in order to reduce street traffic.
He began with a test dig on the SpaceX property in Los Angeles. In late October of that year, Musk posted the first photo of his company's progress to his Instagram page. He said the foot tunnel, which would generally run parallel to Interstate , would reach a length of two miles in approximately four months. Funding secured. Several investors filed lawsuits on the grounds that Musk was looking to manipulate stock prices and ambush short sellers with his tweet.
The CEO followed up with a letter on the company blog, calling the move to go private "the best path forward. Six days later, Musk sought to clarify his position with a statement in which he pointed to discussions with the managing director of the Saudi Arabian sovereign wealth fund as the source of his "funding secured" declaration. He later tweeted that he was working on a proposal to take Tesla private with Goldman Sachs and Silver Lake as financial advisers. The saga took a bizarre turn that day when rapper Azealia Banks wrote on Instagram that, as a guest at Musk's home at the time, she learned that he was under the influence of LSD when he fired off his headline-grabbing tweet.
Banks said she overheard Musk making phone calls to drum up the funding he promised was already in place. The news quickly turned serious again when it was reported that Tesla's outside directors had retained two law firms to deal with the SEC inquiry and the CEO's plans to take the company private.
On August 24, one day after meeting with the board, Musk announced that he had reversed course and would not be taking the company private. Among his reasons, he cited the preference of most directors to keep Tesla public, as well as the difficulty of retaining some of the large shareholders who were prohibited from investing in a private company.
Others suggested that Musk was also influenced by the poor optics of an electric car company being funded by Saudi Arabia, a country heavily involved in the oil industry. In August , Musk released a concept for a new form of transportation called the "Hyperloop," an invention that would foster commuting between major cities while severely cutting travel time.
Ideally resistant to weather and powered by renewable energy, the Hyperloop would propel riders in pods through a network of low-pressure tubes at speeds reaching more than mph.
Musk noted that the Hyperloop could take from seven to 10 years to be built and ready for use. Nevertheless, the entrepreneur has sought to encourage the development of this idea.
After he announced a competition for teams to submit their designs for a Hyperloop pod prototype, the first Hyperloop Pod Competition was held at the SpaceX facility in January A speed record of mph was set by a German student engineering team at competition No. Musk has pursued an interest in artificial intelligence, becoming co-chair of the nonprofit OpenAI.
The research company launched in late with the stated mission of advancing digital intelligence to benefit humanity. In , it was also reported that Musk was backing a venture called Neuralink, which intends to create devices to be implanted in the human brain and help people merge with software.
He expanded on the company's progress during a July discussion, revealing that its devices will consist of a microscopic chip that connects via Bluetooth to a smartphone. In late November , after Chicago Mayor Rahm Emanuel asked for proposals to build and operate a high-speed rail line that would transport passengers from O'Hare Airport to downtown Chicago in 20 minutes or less, Musk tweeted that he was all-in on the competition with The Boring Company.
He said that the concept of the Chicago loop would be different from his Hyperloop, its relatively short route not requiring the need for drawing a vacuum to eliminate air friction. However, in late he tweeted that TBC would focus on completing the commercial tunnel in Las Vegas before turning to other projects, suggesting that plans for Chicago would remain in limbo for the immediate future. Musk also reportedly found a market for The Boring Company's flamethrowers.
While sometimes at odds with the president's controversial measures, such as a proposed ban on immigrants from Muslim-majority countries, Musk defended his involvement with the new administration. On June 1, following Trump's announcement that he was withdrawing the U. Musk has been married twice. He wed Justine Wilson in , and the couple had six children together. In , their first son died at 10 weeks old from sudden infant death syndrome SIDS.
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