Author: Ahmet Bal?kesirli
Is the source of wealth of Elon Musk, whose name is known as Bitcoin, is certain?
Elon Musk's Tesla company reported that they purchased $ 1.5 billion of Bitcoin (BTC) today. Tesla, one of the largest companies in the world, also bought Bitcoin as a reserve asset, bringing a new record to the BTC / USD transaction pair. It has been observed that the Bitcoin price in the US stock markets has reached up to $ 44,800. So how did Elon Musk, the richest person in the world, get rich and why did he buy Bitcoin?
How Elon Musk Got Rich?
Elon Musk, born in South Africa, is now known for Tesla and SpaceX companies, but his past is based on a much different structure. Engineer, technology entrepreneur, industrial designer and philanthropist Musk, born in 1971, actually made a name for himself with PayPal. Musk, who founded the finance and payment company named X.com in March 1999, later merged with Coinfinity and switched to PayPal.
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The billionaire name who believes in peer-to-peer, P2P technology, has achieved incredible growth and was right in his prediction. In February 2001, PayPal Inc. The company, which became a brand name, later achieved a great growth with eBay's investment of 1.5 billion dollars. Musk's 11.7% stake in PayPal played an important role in his enrichment.
SpaceX and Tesla Era
"How did Elon Musk get rich?" The most critical answer to the question lies in SpaceX. Founded in June 2002, SpaceX achieved success with the Falcon 1, Falcon 9 and finally Dragon rockets. Musk, who made a $ 1.6 billion deal with NASA on December 23, 2008, has now reached the period when the money was withdrawn.
Tesla, on the other hand, became the company that brought the most profit, even though it was late. Musk, who achieved great success in 2010 with the Tesla Roadster, an electric sports car model, later announced his name with many Tesla models. In addition to these, Musk also has many companies that produce "entertainment products" such as The Boring Company. Musk, whom even the SEC has sued, is now the richest man in the world, and it looks like he will continue this for a while.
