South Africans are paying tribute to tech entrepreneur, Elon Musk, who has overtaken Amazon’s Jeff Bezos as the world’s richest person.
Musk, who was born and raised in Pretoria, is now worth more than US$188 billion, US$1.5 billion more than Bezos after shares in his Tesla Motors firm soared over the past week.
Tesla’s value was boosted by the Democratic Party securing control of the US Senate, and it is expected to introduce tax credits for electric vehicles.
Musk moved to California in 1995 to study at Stanford University, but dropped out after two days to pursue a business career. He co-founded Zip2, a web software company, which was acquired by Compaq for US$307 million in 1999. Musk then founded X.com, an online bank. It merged with Confinity in 2000, which had launched PayPal the previous year and was subsequently bought by eBay for US$1.5 billion in 2002.
He then founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and lead designer. He joined Tesla in 2004, the year after it was founded, becoming its CEO in 2008.
Mmusi Maimane, the former leader of the official opposition Democratic Alliance, congratulated Musk and said he has some ideas “about how to fix the education sector in this country outside of the clutches of a corrupt government and I would love to present something to you”.
Musk, who has 41 million Twitter followers, has received thousands of requests for donations and he recently tweeted that he might fund some social responsibility projects. “Critical feedback is always super appreciated, as well as ways to donate money that really make a difference (way harder than it seems),” he said.
He added that he has little time for recreation and does not own a holiday home or yacht.
DISCLAIMER : Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers of ElombahNews!
Would you like to be receiving ALL ElombahNews links ‘On The Go’ on WhatsApp Or Telegram? If yes, join us here on WhatsApp or Telegram, or provide us your Telephone number via email@example.com or sms/inbox +2349050382526 and you are good to go!
For adverts & inquiries, call +447460770987, +2349050382526
You may be interested
UNN post-UTME: Food vendors make brisk business in Nsukkaadmin - January 20, 2021
Vendors and shuttle drivers are making brisk businesses at the ongoing post University Tertiary Matriculation Examination (post-UTME) holding at the…
NOC mourns former sports minister, Bala Ka’Ojeadmin - January 20, 2021
By Olanrewaju Akojede [NAN] The Nigeria Olympic Committee (NOC) on Wednesday expressed shock over the news of the demise of…
Police arraign 2 drivers for allegedly stealing cleric’s Toyota Hilux in Otukpoadmin - January 20, 2021
<!-- Police arraign 2 drivers for allegedly stealing cleric’s Toyota Hilux in Otukpo – ElombahNews HomeNewsPolice arraign 2 drivers for…