File image: Elon Musk. IOL.
File image: Elon Musk. IOL.

5 things to know about Tesla's CEO

By Staff Reporter Time of article published Nov 16, 2017

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CAPE TOWN - South African born billionaire, Elon Musk is vested in business ventures that may well surprise you. Take a look at how he became one of the most powerful businesses men around. 

The business magnate started from humble beginnings and is now reportedly worth R277.3 billion. 

READ: WATCH: Space X on a mission to change the way we travel


1. Musk co-founded his first company, Zip2 with his brother, Kimbal Musk in 1995. Zip2 made him a millionaire in his twenties when it was sold for R4.3 billion to Compaq. 

2. He then went on to found 3 additional companies,, SpaceX and Tesla Motors. Financial services company, was acquired by eBay for R21.5 billion in 2002. 

3. In 2012, Space X launched a rocket that would send the first commercial vehicle to the International Space Station. 

4. In 2013, Musk advanced his innovation by introducing a new form of transportation, Hyperloop.  

5. In 2016, Musk solidified a R37.3 billion deal to combine his electric car and solar energy companies. This deal involved Tesla, which announced an all-stock deal purchase of SolarCity Corp., a company Musk had helped his cousins start in 2006

READ ALSO: Tesla is a ‘hotbed for racist behaviour,’ worker claims


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