This time weekly quote comes from Elon Musk. Most of the people associate his name with Tesla Motors. Indeed he is CEO of company that aims to make electronic cars more popular. I have to admit that they are quite successful in that regards earning 7 bln USD in revenues in 2016.
Nonetheless Elon Musk’s business engagement is far greater than just Tesla Motors. He started in 1995 with web software company Zip2, which developed and marketed an Internet “city guide” for the newspaper publishing industry. Four years later this company was bought by Compaq and Elon received 22 mln USD for his 7% shares.
He used that capital for new business opportunities one of which was X.com later know as PayPal. This company was acquired by eBay in 2002 and as a result Musk received 165 mln USD. Next enterprise he went after were:
- SpaceX – company develops and manufactures space launch vehicles with a focus on advancing the state of rocket technology.
- SolarCity – second largest provider of solar power systems in the United States
- Hyperloop – concept for a high-speed transportation system incorporating reduced-pressure tubes
- OpenAI – not-for-profit artificial intelligence (AI) research company
- Neuralink – neurotechnology startup company, to integrate the human brain with artificial intelligence
As you can see Elon Musk already had quite a few successful entrepreneurships. He still continuous with his business engagement in quite a few areas. As of July 2017 he has an estimated net worth of 16 bln USD, making him the 80th-wealthiest person in the world. In December 2016, Musk was ranked 21st on the Forbes list of The World’s Most Powerful People.
Quite successful and inspiring person. Here we go, quote from Elon below:
To check out previous weekly quote go HERE. Mark, Facebook founder share with you his quick one sentence on risk approach.