How Can Young Engineers Become Billionaires Like Elon Musk? (2024)

FAQs

Can an engineer be a billionaire? ›

Engineering is a vast field

Bernard Arnault, holder of US$211 billion in fortune, oversees the LVMH empire of 75 fashion and cosmetics brands. Jeff Bezos, who has US$155.9 billion in net worth, is the chairman and founder of e-commerce giant Amazon.

Engineering

Coming in at the top is engineering - which might surprise you, but the scope of engineering is huge and widening all of the time. 22% of the world's top 100 billionaires studied some kind of engineering. Mexican entrepreneur Carlos Slim, who is worth around $52 billion, studied Civil Engineering.

So, how did Elon Musk first become wealthy? Long story short, he did so through an uncommon investment that took off during the Dot-Com Boom and is now reappearing in the AI Boom. This investment vehicle allowed Elon Musk to earn $12 million in 1999 at the peak of the 1990s internet boom.

To learn like Elon you can do 3 things: #1 Develop a voracious reading habit #2 Teach someone else #3 Take a multidisciplinary approach. To surround yourself with the best like Elon you can do these 3 things: #1 Know what you value #2 Positively challenge your people #3 Get your people excited about the vision.

The highest-paid engineers are computer hardware engineers, petroleum engineers, and aerospace engineers. Data on average earnings and number of jobs comes from the Bureau of Labor Statistics. We are showing the latest available data, which is for May 2022.

Let's first answer the critical question — Elon Musk's IQ is around 155. For context, it is believed that Albert Einstein had an IQ between 160 to 165. As such, Elon is way more brilliant than the average person.

In 1990, he entered Queen's University in Kingston, Ontario. Two years later, he transferred to the University of Pennsylvania, an Ivy League university in Philadelphia, where he earned two degrees, a Bachelor of Arts in physics, and a Bachelor of Science degree in economics from the university's Wharton School.

Bezos reclaimed the top spot the following month. On September 27, 2021, after Tesla stock surged, Forbes announced that Musk had a net worth of over $200 billion, and was the richest person in the world. In November 2021, Musk became the first person to have a net worth of more than $300 billion.

How did self-taught programmer Musk go from a kid playing games to a billionaire? In this chapter, you will learn about Musk's education and how his interest in gaming led him to learn to program. Musk's education began across the world from the Los Angeles home where he resides today.

What are three habits of Elon Musk? ›

40% of all the billionaires are engineers.

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.

One such person is Ramesh Kunhikannan, promoter and managing director of Kaynes Technology. He is an alumnus of National Institute of Engineering (NIT) Mysore. The 60-year-old became a billionaire after the success of India's Moon mission, Chandrayaan-3.