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Immigrant Profile: Elon Musk

Background

Elon Musk was born in Pretoria, South Africa on 28 June 1971. He got his first computer at age 10 and shortly thereafter became a software genius. In only 2 years after obtaining his first computer, he created and sold a commercial software package for nearly $500. He was destined to become great.

Immigration to the United States

Once he finished high school, Musk enrolled to attend the Queen’s University in Canada. However, Musk was not satisfied with the curriculum and decided to leave. Instead, Musk decided to participate in the University of Pennsylvania to study business and physics.

It had been Musk’s dream to travel to the United States. Musk had always believed that in the United States, great things were possible. After attending the University of Pennsylvania, he decided to move on and pursue his dreams.

Professional Background & Achievements

Musk enrolled at Stanford University, but left after spending only 2 days there to pursue his business ventures. He created Zip2. Shortly after he created the company, he was able to sell Zip2 to Compaq. The sale for his company provided Musk will over $300 million and an additional 34 million in stock options.

By March of 1999, Musk moved on to co-found X.com. The company was an online payment platform and later in 2000, merged with Confinity, a similar platform. By 2001, X.com began to perform well and was re-named to PayPal Inc. The marketing campaign led by Musk contributed to a growing and successful company.

Contribution to the U.S. Economy

After selling PayPal to eBay in 2002, Musk began a new chapter in his long list of investment ventures. He became CEO of Tesla Motors, a company which manufactures and sells electric cars designed to meet the demands of mainstream consumers. Musk currently has a number of other active investments in SpaceX and SolarCity.

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