Here are six secrets of the world’s richest Elon Musk that many people don’t know

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Kathmandu Tesla and SpaceX founder Elon Musk have assets totaling more than 185 billion. With this, he has become the richest man in the world.

He succeeded in following in the footsteps of Amazon founder Jeff Bezos on Thursday. Jeff Bezos currently has a net worth of 183 billion. The rise in the share price of electric car company Tesla has boosted their fortunes.

However, this success is not only due to the increase in the company’s stock. So here we are presenting you 6 reasons for his success.

1. It has nothing to do with money

This is the reason for Musk’s biggest success. He never compared money to success. In an interview with the BBC in 2014, he said he did not know how rich he was.

“That’s how much cash I have,” he said.

Tesla Model X90D displays full electric luxury crossover SUV car at Brussels Expo on 9 January 2020 in Brussels

At the time, he said that the money alone did not motivate him to move forward. It is understandable that his thinking is now fully functioning.

Especially his electric car company Tesla performed well. The stock value of the company has grown to over 700 billion in the last year. Musk, who turned 50 this year, says he will not die as a rich man.

He says, “Most of their money will be spent on building a base on Mars and for that, even if their entire future ends, it has no effect on them.”

2. Follow your wish

The goal of his life is to succeed in his plan to build a base on Mars. He considers it successful.

He told the BBC: “If you want a better future, you need to do something exciting in life. That’s why I founded the SpaceX company. ‘

With no expectations from the American space program, I have dreamed of establishing SpaceX as the basis for Mars. “I’m hoping to get out of Earth, land a man on Mars, build a base on the moon and make frequent flights into space,” he said.

Even if that dream does not come true, the Mars Oasis mission of sending a small greenhouse to Mars will be successful. The aim is to make space technology cheaper than it needs to be. Our goal is to bring people to Mars instead of earning money.

3. Don’t be afraid to think big

The most important thing about Musk’s business is the ‘audacity’ in it. He wants to revolutionize the car industry. They want to colonize Mars, run high-speed trains in vacuum tunnels, integrate artificial intelligence into the human mind, and expand the solar and battery industries.

All this is daring in today’s world. And it all started with films and books he watched as a child in South Africa.

He says, “Here, the head of a company, even if it is not achieved with a common goal, no one will blame him, but if no one achieves it with a big goal, he is removed. goes.”

4. Be ready to risk

of course it is. He is more dangerous than others. He sold his first two ventures in 2002. One was an Internet City Guide called Jeepu and the other was an online payment service called PayPal.

He was only 30 at the time and had around 200 million in his bank account. His goal was to invest half of it in business and save half.

But things did not go according to plan. When he arrived in 2014, his new companies were having problems. SpaceX’s first three plans failed, while Tesla faced production, distribution, and design problems.

Had to spend money on it. Not only this, he also asked his friends. Not only this, he also thought to send his children to government schools. However, he never returned.

5. Ignore criticism

Not listening to critics is another reason for his success in business. “I don’t think SpaceX or Tesla will ever make money,” he told the BBC.

Not only himself, but other people were also saying the same thing. But, they ignored all of that and moved on.

Neglecting the critic in this way has greatly helped him in his decision-making ability. It also helps to focus on what you want to do.

6. Rejoice in yourself

This formula of his is the most important. He always enjoys it. They say, ‘Follow this sutra, with a little luck you can become rich and famous.’

If you can enjoy yourself, then you can spend as much time as you do. Kasturi is also known as a very hardworking person. He claims to work 120 hours a week for the Tesla Model-3.

BBCwith the help of

These 6 secrets of the world’s richest Elon Musk, which many people may not know, have appeared on Tech News Nepal for the first time.