How Elon Musk became World's Richest Man? | Dhruv Rathee - video Dailymotion

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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.

Transcript

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.

How Elon Musk became World's Richest Man? | Dhruv Rathee

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