Net Worth: Approximately $221 billion

Introduction to Elon Musk’s Net Worth & Key Habits

Elon Musk is a renowned American/Canadian and South African business mogul and investor. Additionally, he is best known for being the CEO and owner of Tesla Inc., X (formerly known as Twitter), and Space X among other businesses. Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa. His parents Errol Musk and Maye Musk divorced when he was 10. Notable schools that Elon has studied include the University of Pretoria and the Queen’s University in Kingston, Ontario Canada. Thereafter, Elon moved to the USA and joined the Ivy League’s University of Pennsylvania. Musk graduated with a Bachelor of Arts in Physics and a Bachelor of Science.

Full Name: Elon Reeve Musk

Source of wealth: Businessperson, inventor and Investor

Known for: His role as the owner of Tesla Inc., Space X, and X Corp (Twitter)

Birth info: June 28, 1971, Pretoria, South Africa

Elon Musk’s Inspirational Quotes

“When something is important enough, you do it even if the odds are not in your favor.”

-Elon Musk

“Some people don’t like change, but you need to embrace change if the alternative is disaster.”

-Elon Musk

“I’d rather be optimistic and wrong than pessimistic and right.”

-Elon Musk

“If something’s important enough, you should try. Even if – the probable outcome is failure.”

-Elon Musk

“I think it matters whether someone has a good heart.”

-Elon Musk

“Great companies are built on great products.”

-Elon Musk

“Really, the only thing that makes sense is to strive for greater collective enlightenment.”

-Elon Musk

“Life is too short for long-term grudges.”

-Elon Musk

“If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.”

-Elon Musk

“If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.”

-Elon Musk

“People should pursue what they’re passionate about. That will make them happier than pretty much anything else.”

-Elon Musk

“It’s OK to have your eggs in one basket as long as you control what happens to that basket.”

-Elon Musk

Habits #1- Intense Work Ethics

Elon Musk is a strong believer in working smart and working hard. More so, the celebrated businessperson has an intense work ethic that has enabled him to achieve what will remain a dream for many people of his generation. Musk started nurturing his entrepreneurial skills when he was a small boy back in South Africa.

According to Musk, it is not all about making profits but working hard and being optimistic that the future will be even better. The businessperson has tried his luck in many businesses over the years and he always strives to come out the best in his field. In many instances, Elon has to wake up early in the morning, work the whole day and sleep late to achieve his goals.

Habits #2- Strategic Risk-Taking

Elon Musk is a strong believer in the concept that no risk no gain. However, he discourages entrepreneurs from taking uncalculated risks that resort to unrecoverable losses. Elon is a huge risk taker. However, he is strategic in all the risks that he takes and plans adequately. For that reason, Elon has emerged successful in all his business ventures, contrary to the expectations of many people.

You can never be a successful investor or entrepreneur if you love taking uncalculated risks. Elon once said that, “If something’s important enough, you should try. Even if – the probable outcome is a failure.” However, he always advocates for strategic risk-taking if someone wants to be successful in any venture.

Habits #3- Continuous Learning 

Elon Musk believes that he could not have thrived in business if for his pursuit of continuous learning. The celebrated business mogul has made several business mistakes and even losses at some point in life. However, he takes every mistake as a learning opportunity so that he can improve his skills and become a better businessperson in the future.

According to Musk, mistakes and losses are inevitable in the business world as long as you love trying new things. Therefore, successful business people should embrace continuous learning in every aspect of their business. Elon believes that good business leaders should keep learning from their mistakes and those of their competitors.

Summary of Elon Musk’s Key Habits

  1. Intense work ethics
  2. Strategic risk-taking
  3. Continuous learning

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