Elon Musk: Meet World’s Richest Man Bidding To Take Over Twitter

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Two decades after banking his first millions, the South-African born Elon Musk last year became the world’s richest person – wresting the title from Amazon’s Jeff Bezos – following the meteoric rise of Tesla, his electric automaker founded in 2003.

The billionaire’s latest big splash – a bid announced Thursday to take over Twitter, capped a rollercoaster fortnight of announcements and counter-announcements.

“The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders,” Twitter confirmed it received Musk’s bid valuing the company at $43.4 billion.

Before announcing his hostile Twitter takeover bid, Musk had declined a board seat after purchasing 73.5 million shares – or 9.2 percent – of Twitter‘s common stock.

Elon Musk: Son of engineer, a ‘drop-out’

Born in Pretoria, on June 28, 1971, the son of an engineer father and a Canadian-born model mother, Musk left South Africa in his late teens to attend Queen’s University in Ontario.

He transferred to the University of Pennsylvania after two years and earned bachelor’s degrees in physics and business.

After graduating from the prestigious Ivy League school, Musk abandoned plans to pursue further studies at Stanford University.

Instead, he dropped out and started Zip2, a company that made online publishing software for the media industry.

Billionaire entrepreneur and founder of SpaceX Elon Musk speaks below a computer generated illustration of his new rocket at the 68th International Astronautical Congress 2017 in Adelaide on September 29, 2017.
Musk said his company SpaceX has begun serious work on the BFR Rocket as he plans an Interplanetary Transport System. / AFP PHOTO

 

First millions: Zip2, X.com, PayPal, and SpaceX

He banked his first millions before the age of 30 when he sold Zip2 to US computer maker Compaq for more than $300 million in 1999.

Musk’s next company, X.com, eventually merged with PayPal, the online payments firm bought by internet auction giant eBay for $1.5 billion in 2002.

After leaving PayPal, Musk embarked on a series of ever more ambitious ventures.

He founded SpaceX in 2002 – now serving as its chief executive officer and chief technology officer – and became the chairman of electric carmaker Tesla in 2004.

After some early crashes and near-misses, SpaceX perfected the art of landing booster engines on solid ground and ocean platforms, rendering them reusable, and late last year sent four tourists into space, on the first-ever orbital mission with no professional astronauts on board.

Musk’s jokingly-named The Boring Company is touting an ultra-fast “Hyperloop” rail transport system that would transport people at near-supersonic speeds.

And Musk has said he wants to make humans an “interplanetary species” by establishing a colony of people living on the Mars.

To this end, SpaceX is developing a prototype rocket, Starship, which it envisages carrying crew and cargo to the Moon, Mars and beyond — with Musk saying he feels “confident” of an orbital test this year.

Musk, who holds US, Canadian and South African citizenship, has been married and divorced three times – once to the Canadian author Justine Wilson and twice to actress Talulah Riley. He has seven children. An eighth child died in infancy.

Net worth

Forbes estimates Musk’s current net worth at $265 billion.

Social media presence

The world’s richest man has more than 80 million followers on the microblogging platform, Twitter, where he gleefully fires tweets .

Musk: Controversial, news maker 

Just a week earlier, the 50-year-old was making headlines as Tesla cut the ribbon on a “gigafactory” the size of 100 soccer fields in Texas, where the firm is now based and Musk himself has relocated from California.

At the same time, his space transport firm SpaceX was breaking yet another boundary as a partner in a three-way venture to send the first fully private mission to the International Space Station.

Musk also makes news of a less flattering kind: Tesla has faced a series of lawsuits alleging discrimination and harassment against Black workers as well as sexual harassment.

In parallel with the whiplash-inducing stream of business news, Musk’s controversy-courting persona – with an unrestrained Twitter style and penchant for living by his own rules in the private sphere too – keeps the gossip press busy.

It recently emerged Musk had had a second child with his on-again-off-again partner, the musician Grimes – a girl they named Exa Dark Sideræl Musk – although the parents will mostly call her Y.

He is even expected to make an appearance – in person or not – at the celebrity defamation trial pitting Johnny Depp against his ex-wife Amber Heard, who formerly dated Musk.

But one way or another, Musk has become one of the most ubiquitous figures of the era.

First trillionaire on earth?

Although he is already the world’s richest person, he could also become the first member of the four-comma club, according to reports.

According to The Guardian, analysts at Morgan Stanley have predicted that Musk could become the world’s first trillionaire — largely thanks to his aerospace company SpaceX.

 

 

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