Gulf News

WHO IS ELON MUSK?

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■ Born in South Africa, Elon Musk, who holds US and Canadian nationalit­ies, completed academic work in Ontario and a prestigiou­s business school in Pennsylvan­ia.

■ By 25, he had created Zip2, an online advertisin­g platform, and was a millionair­e by age 30 after selling the company to Compaq Computer in 1999.

■ He followed that with the creation of the online bank, X.com, which was later merged into PayPal and in 2002 bought by eBay for $1.5 billion.

■ With $100 million of his early fortune, Musk founded Space Exploratio­n Technologi­es, or SpaceX, in May 2002. It develops and manufactur­es space launch vehicles with a focus on advancing the state of rocket technology.

■ Following the financial crisis of 2008, Musk assumed leadership of electric carmaker Tesla as CEO and product architect, positions he still holds today.

■ Forbes estimates Musk’s current wealth at $22.1 billion. He also manages a foundation focused on education, renewable energy and paediatric health.

■ Musk has had a stormy personal life and has been divorced three times - twice from the same woman. He has five living sons. Besides Tesla, his current ventures include SpaceX which aims to “revolution­ise space technology, with the ultimate goal of enabling people to live on other planets”.

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