What is the secret behind Elon's success? How will Elon Musk become the first Trillionaire in the world? In this video I show you his life story, philosophies, the story behind his companies like Tesla, SpaceX, Paypal. And how Elon Musk surpassed Jeff Bezos to became the richest man in the world.
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00:00Hello, friends.
00:01On one hand, 2020 was not a good year for the majority of the world.
00:05But there was one person who earned more than $150 billion in this year.
00:12I'm talking about Elon Musk who became the richest man in the world on 7th January 2021.
00:19The world's richest man.
00:23In the beginning of 2020, his net worth was $27 billion.
00:27Because he made him the world's 35th richest person.
00:30But within a year, his net worth increased to more than $190 billion.
00:36And the interesting thing is that Elon Musk didn't do anything special this year.
00:40I mean, he did something special.
00:42He does something special every year.
00:43He is a very hardworking person.
00:45But what I mean to say is that in 2020, he didn't do anything special or anything different
00:50that he didn't do in 2019, 2018, 2017, and 2016.
00:53Even if he hadn't done anything special this year,
00:55the chances were high that he would have become as rich as he has become.
01:00How is this possible?
01:02What is the secret behind his success?
01:04Let's find out the story of Elon Musk in today's video.
01:08Think about it, friends.
01:09When you're a billionaire, how do you earn money?
01:13It's not like you do something and you get a salary in return.
01:16And you keep accumulating that salary in your bank account
01:19until you have so much money that it becomes billions of dollars.
01:23This is next to impossible.
01:25Because one billion is such a huge amount
01:28that it is next to impossible to earn money in a normal way and earn one billion.
01:32What happens is that in most cases, billionaires are the owners of some valuable company.
01:38They are the owners of a company that has a lot of value in the world.
01:41Like Mark Zuckerberg is the owner of Facebook.
01:44Jeff Bezos is the owner of Amazon.
01:46Bill Gates is the owner of Microsoft.
01:48The same is the case with Elon Musk.
01:49He is the owner of Tesla.
01:51He is the owner of an electric car company.
01:53And the wealth of all these people
01:55is very closely interlinked with their company.
01:59In fact, it is to the extent that
02:01within a day, these people can earn billions of dollars
02:05and lose billions of dollars
02:07depending upon the value of their company in the share market.
02:11If the share price of their company goes up,
02:14they suddenly become rich.
02:16And if the share price of their company goes down,
02:18they can suffer a loss of billions of dollars.
02:21The same happened with Tesla, friends.
02:23In 2020, Tesla's stock price increased by 720%
02:28within a year.
02:29And this is the main reason, friends,
02:30why Elon Musk became the richest man in the world.
02:33What is surprising is that Elon Musk didn't create the Tesla company.
02:38Tesla was created in 2003
02:40by two people whose names were Martin and Mark.
02:43Elon Musk joined this company in 2004
02:46after investing $30 million.
02:48And only after 2008, Elon Musk became the CEO of Tesla.
02:52In 2009, the company was going through a financial problem.
02:55So he decided to list this company on the stock market.
02:58So that the public can invest in it and we can recover.
03:01So in 2010, this company was listed on the stock market.
03:05Its initial public offering was IPO.
03:07I have explained this in many previous videos.
03:10And when this happened,
03:12Tesla's one share price was $17.
03:15And on 14th January 2020,
03:17its one share price was $854.
03:21Today, this company's market capitalization
03:23has exceeded $800 billion.
03:26Because of which,
03:27it has become the 5th most valuable company in the world.
03:30After Apple, Microsoft, Amazon and Alphabet.
03:32Alphabet is a Google company.
03:34Elon Musk owns 20% stake in Tesla.
03:37And that's why his wealth has increased so much.
03:40Before talking more about this,
03:42let's know the story of Elon Musk himself.
03:45In South Africa, in 1971,
03:47Elon Musk was born.
03:48His mother was American.
03:49His father was South African.
03:51It is said that from a very young age,
03:53he took the experience of computers.
03:55At the age of 10, he was given his first computer.
03:58And he learned how to code himself.
04:00How to program.
04:01And at the age of 12, he coded a computer game.
04:04Which he sold for $500.
04:07This was his first income.
04:08Which he earned at the age of 12.
04:10In 1989, he went to Canada.
04:12And after that, he studied at the Pennsylvania University of the US.
04:15It is believed that
04:16three things have influenced him the most.
04:19One is the internet.
04:20The second is renewable energy.
04:22And the third is space travel.
04:24In 1995, he got his first break.
04:27He formed a company called Zip2 with his brother.
04:29Which was basically a telephone directory like Yellow Pages.
04:33Which also has maps.
04:34And this company was sold at a very high price.
04:35After this, he formed a financial service company called X.com.
04:39In 2000, he merged with another company and became PayPal.
04:43In 2001, he became the chairman and CEO of PayPal, Elon Musk.
04:46After which, this company was acquired for $1.5 billion by eBay.
04:51By this point in time, Elon Musk had already become a billionaire.
04:55After this, he focused on his passions.
04:57He invested more than $100 million in creating a company called SpaceX.
05:01Its main purpose is to send humans to Mars.
05:05And to establish a colony.
05:06In 2020, SpaceX became the first private company to send a human to space.
05:13By 2025, SpaceX plans to send the first human to Mars.
05:17Let's see how successful it is.
05:19But because of such big plans,
05:21and because of such big ideas and visions,
05:23Elon Musk is often referred to as the real-life Tony Stark.
05:27He has also highlighted that
05:29you don't need a college degree if you want to make a good career.
05:33He had tweeted,
05:35you still don't need a college degree to work for Elon Musk.
05:38Elon Musk doesn't value a degree too much.
05:40Rather, he values exceptional ability.
05:43If a person can show that he can do such a good job,
05:46this person will be more valuable to him
05:48as compared to a person who can only show his degree.
05:51A lot of lessons can be learned from Elon Musk's story.
05:54How you can be successful only on the basis of passion, skill and hard work.
05:59If you have the knowledge and skills,
06:01you don't even need a degree.
06:03For a billionaire,
06:05his wealth is often linked to a company so much
06:08that the share price of that company will go up and down.
06:11So the net worth of the billionaire will also go up and down.
06:14And this money is often stuck in that company.
06:17It is often difficult to access that money.
06:22And the value of any company's shares increases
06:24when there is a high demand for it in the market.
06:26If the public thinks that this company is going to be successful,
06:31they invest in it.
06:32Because of which its share price goes up.
06:35And this often happens when a company's future potential is good.
06:39What is happening in the future, friends?
06:41All the petrol and diesel cars,
06:43many developed countries want to reduce these cars.
06:47So that pollution can be reduced,
06:49carbon emissions can be reduced.
06:51And more and more countries want to switch to electric cars.
06:54And Tesla is one of the most popular electric car brands.
06:58So people can see that in the next 10 years,
07:00this Tesla company can become very popular.
07:03Its cars will be sold all over the world.
07:05That's why people are investing in it.
07:07Although some people say that the share price of Tesla is overvalued.
07:11I agree that the company is good.
07:12I agree that its future is good.
07:15But so many people have invested so much money.
07:19This is a bit too much.
07:20Like JP Morgan Bank said in December 2020,
07:23Tesla shares are, in our view,
07:25and by virtually every conventional metric,
07:27not only overvalued but dramatically so.
07:30In May 2020, Elon Musk himself said that
07:33Tesla's share price is a bit too high.
07:35And he warned his employees
07:37not to expect too much
07:39because the share price can go down.
07:41But on the other hand, some people believe
07:43that the value of its share price can increase even more in the coming years.
07:46A billionaire investor says
07:48that Tesla's stock can increase three times from now.
07:51If this happens,
07:53Elon Musk's net worth is around $200 billion.
07:58If Tesla's stock price increases five times,
08:01Elon Musk's net worth can reach up to $1,000 billion.
08:07Do you understand what this means?
08:08He can become the world's first trillionaire.
08:11Till now, we've heard about billionaires and billionaires.
08:14He can become a trillionaire.
08:15Some people also believe
08:17that it is definitely possible
08:19that if Tesla's stock increases so much,
08:21Elon Musk will become a trillionaire.
08:24But the interesting thing here is
08:26Elon Musk calls himself cash poor.
08:28He doesn't have a lot of cash.
08:30If he wants to spend so much money,
08:32he won't have the money to spend.
08:35He says that being the CEO of Tesla,
08:38he doesn't take a single penny as salary.
08:40And he keeps very little cash with him.
08:42In fact, friends,
08:44his 99% wealth,
08:46this $190 billion,
08:4899% of it is stuck in the shares of these two companies.
08:52One is Tesla and the other is SpaceX.
08:55If he wants to take so much money
08:57from these two companies,
08:59it is not possible.
09:01Because he will have to sell his shares for it.
09:03And if Elon Musk sells the shares of Tesla himself,
09:07what will be the news?
09:09How will the rest of the people react?
09:11The rest of the people will think that
09:12he doesn't trust his company.
09:14The share price will crash badly.
09:16And all this money
09:18will not be there anymore.
09:20You may be the richest person in the world,
09:22but when you're told that you have $190 billion,
09:26you don't actually have it in your pocket.
09:29You won't be able to spend so much money.
09:31The interesting thing is that
09:33Elon Musk doesn't have much interest in money.
09:35He says that he isn't interested in materialistic things
09:38like buying a private jet
09:40or an island with so much money.
09:43He sees money as a medium of exchange
09:45and a store of value.
09:47In fact, he says that he sees money
09:49as a means to an end.
09:51He sees it as a financial tool
09:53which is quite useful to achieve his goals.
09:56For this reason, when it was reported
09:58that Elon Musk has become the richest person in the world,
10:00he tweeted,
10:02and then he wrote,
10:04Well, back to work.
10:06In another tweet, he wrote,
10:08About half my money is intended to help problems on Earth.
10:10Half of the money will be used
10:12to solve the problems on Earth.
10:14And the rest of the money will be used
10:16for the continuation of life
10:18for all species.
10:19So that if the Earth is destroyed,
10:21if an asteroid comes and destroys the Earth
10:23like what happened with the dinosaurs,
10:25then a colony can be established on Mars
10:28and the species on Earth can be saved.
10:30So this was the very interesting story of Elon Musk.
10:33Today, he isn't the richest person.
10:36Because as I told you, the share price goes up and down
10:39and Jeff Bezos has gone above him again.
10:42He has a wealth of $179 billion.
10:45And Jeff Bezos is at $182 billion.
10:48I hope you found this story inspirational.
10:50If you liked it, share the video.
10:52And tell us in the comments below
10:54if you want to see more such videos.
10:56And about inspiring people.
10:58Let's meet in the next video, friends.
10:59Thank you very much.