Rockets To Riches: The Rise And Rise Of Elon Musk
Forbes Africa|February - March 2021
South African-born, billionaire technology and space entrepreneur, Elon Musk, made history at the start of 2021, overtaking Amazon’s Jeff Bezos to become the richest man on Earth. While his fortune was made on this planet, his dreams to venture to the final frontier remain. FORBES AFRICA takes a look at his journey to becoming one of the world’s most celebrated innovators and one of the wealthiest men alive.
Marie Shabaya
Rockets To Riches: The Rise And Rise Of Elon Musk

THE MAN WHO FAMOUSLY SAID THAT HE WOULDN’T BE HAPPY UNTIL WE WERE ALL LIVING ON MARS, IS NOW ONE OF THE RICHEST MEN ON EARTH. WHILE ELON MUSK’S PLANS TO BE BURIED IN A GALAXY FAR, FAR AWAY REMAIN UNCHANGED, HE’S STILL GOT MUCH TO CELEBRATE IN THE HERE AND NOW.

On January 8 this year, at approximately 11.30 AM on the American East Coast, Musk, known for founding some of the world’s most progressive tech companies, along with his unrelenting space-age ambitions, made yet another historical leap.

His net worth soared by $12.5 billion, to $189.7 billion, making him, for a time, the wealthiest person on the planet, according to Forbes, who broke the news. For the first time, Amazon founder, JeffBezos, who had held the top spot for a record four years, came second with a cumulative net worth of $185 billion.

However, in a twist of fate, stock in his electric car company, Tesla, fell by 8%, denting his personal wealth by a hefty $14 billion, overnight. But like the man himself, Musk’s wealth wouldn’t be down for long.

Days later, with the swift rebound of Tesla shares by 4.7%, he wrestled the top spot from Bezos with an impressive recovery of $7.8 billion bringing his total net worth to $183.8 billion against the Amazon founder’s, marginal, but impressive, $182.4 billion.

Bu hikaye Forbes Africa dergisinin February - March 2021 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

Bu hikaye Forbes Africa dergisinin February - March 2021 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

FORBES AFRICA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
HIP-HOP'S HOTTEST HUSTLER
Forbes Africa

HIP-HOP'S HOTTEST HUSTLER

The Memphis rap star runs one of the biggest music labels, owns a piece of an MLS team and is looking to expand his empire like his billionaire mentor Jay-Z. But first, he's going to business school.

time-read
4 dak  |
April - May 2024
Kigali Triennial, The Ambitious New Event On The African Cultural Calendar
Forbes Africa

Kigali Triennial, The Ambitious New Event On The African Cultural Calendar

Rwanda has rightly earned the nickname of \"a land of a thousand hills and a thousand and one opportunities\" because of the country's impressive economic progress. However, after the recently-concluded celebration of arts which was the inaugural Kigali Triennial festival, you can now add culture to the list of things the country offers for tourists and investors.

time-read
5 dak  |
April - May 2024
The dark Side of AI
Forbes Africa

The dark Side of AI

There is a thin line between innovation and abuse. A look at how large language models (LLMs) are making cyber-criminals even better at mastering the art of deception.

time-read
1 min  |
April - May 2024
Gene Gamechanger
Forbes Africa

Gene Gamechanger

Disease-resistant crops? Cows that can withstand climate change? Here's how CRISPR is already transforming the continent, and why building a network of skilled scientists can help position Africa as a key global contributor in this frontier of crop development.

time-read
4 dak  |
April - May 2024
Women Empowerment And Transformation In Mining: A Distinctive Perspective
Forbes Africa

Women Empowerment And Transformation In Mining: A Distinctive Perspective

GMDC is a mining company that specializes in tungsten (wolfram) and operates in the city of Kigali, Nyarugenge District, Mageragere Sector.

time-read
2 dak  |
April - May 2024
How The Mining Sector Contributes To Community Development Initiatives
Forbes Africa

How The Mining Sector Contributes To Community Development Initiatives

It plays a significant role in Rwanda's overall development, contributing to infrastructure, job creation, health, education, and even environmental conservation. It's not just about extracting resources; mining is mandated to build up the communities and nation alongside its operations.

time-read
2 dak  |
April - May 2024
Reflecting On 2023 Milestones And A Look Ahead
Forbes Africa

Reflecting On 2023 Milestones And A Look Ahead

Last year solidified Rwanda's position as a prime African mining investment destination and a burgeoning hub for mineral value addition. What will 2024 hold?

time-read
2 dak  |
April - May 2024
Rwandan Mining Regulator Unveils Three-Year Mineral Exploration Campaign
Forbes Africa

Rwandan Mining Regulator Unveils Three-Year Mineral Exploration Campaign

A holistic approach to responsible mineral resource management in the country.

time-read
2 dak  |
April - May 2024
TASTING SUCCESS
Forbes Africa

TASTING SUCCESS

Paul Siguqa has had an unlikely journey in the wine business in South Africa. His mother worked in the vineyards as a laborer during the apartheid era and now, his fully black-owned wine farm sells premium products.

time-read
4 dak  |
April - May 2024
Creating Stronger Communities In Africa Through Digital And Financial Inclusion
Forbes Africa

Creating Stronger Communities In Africa Through Digital And Financial Inclusion

In Sub-Saharan Africa, a silent barrier to economic inclusion and social mobility persists: one in four adults lacks identification, according to a World Bank report.

time-read
2 dak  |
April - May 2024