Category: General/Knowledge Gather
Elon Musk Success is a subjective concept. How does one gauge whether a person is successful? Personal wealth and power? The ability to affect change? Personal happiness and fulfillment? Success may be the most nebulous of our commonly used labels, but there are a few people out there who seem to embody it so thoroughly that it's impossible to deny that they are some of the most successful people in the world. For your inspiration (and possibly imitation) here are four of the world’s most successful people and what they overcame to rise to the top. South African born Elon Musk is the founder and CEO of some of the most ambitious companies operating today. After moving to California to complete his PhD at Stanford, Musk and his brother Kimbal used a $28,000 loan from their father to start a web company called Zip2. Though the company experienced several setbacks and the board of directors refused to name Musk CEO, it eventually acquired by Compaq in 1999 for $341 million, netting Musk $22 million. Half of that money was used to develop an email payment company called X.Com, which eventually merged with rival PayPal. Again, fraught with structural and operational challenges, Musk came away from the company with $165 million of the $1.6 billion in stock that was used when eBay acquired the company in 2002. It was then that Musk had enough capital to begin his more radical ventures, such as SpaceX and Tesla, a commercial rocketry company and fully electric automobile manufacturer, respectively. By starting his ventures with a solid and well thought out concept, Musk was consistently able to weather the storms of doing business and always step away with a sizable profit, which often had 50% of it reinvested into the next venture. This pattern has allowed Musk to build a fortune while allowing him the freedom to make each new venture riskier and more ambitious than the last. Throughout his career, Musk has shown a combination of resilience and risk-taking that has allowed him, in spite of setback and failed ventures, to reach the pinnacle of success.
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