Hawthorne, California – Elon Musk’s sister, Tosca Musk, believes that their family’s unique genetic makeup played a significant role in Elon’s success. In a 2012 profile of the Tesla founder, Tosca explained that their family takes more risks compared to others.
The entire Musk family boasts an impressive history of achievement. Elon’s grandfather won a 6,000-mile motor race from Cape Town to Algiers, while his great-grandmother was Canada’s first female chiropractor. His grandparents made history as the first people to fly in a single-engine plane from South Africa to Australia.
Despite their remarkable lineage, Elon Musk’s genius still manages to stand out. His mother, Maye Musk, recognizes this distinction, stating that she can’t quite explain Elon’s brilliance.
Throughout his life, Elon has achieved incredible success. He has sold two businesses for millions and billions of dollars and is the mastermind behind Tesla and SpaceX. With a net worth of $180 billion, he currently holds the title of the second-richest person in the world, according to Forbes.
While most may not have the same safety net as the Musk children, there are still opportunities to take risks and achieve greatness. For those not inclined towards entrepreneurship like Elon Musk, investing in slightly more risky options can provide a way to introduce calculated risk and potentially earn substantial returns.
Investors looking to add some adventure to their portfolios may consider exploring alternative investments. Penny stocks, which typically trade under $5 per share due to a company’s poor performance or scandal, can offer the chance for big wins if the company can turn itself around or gets acquired. However, investing in these stocks carries a significant risk, as they can also plunge and result in investment losses.
Another option for those seeking a bit of excitement is investing in Initial Public Offerings (IPOs). When a company goes public, there is an opportunity to invest at the early stages and potentially reap substantial profits if the timing is right. However, investing in IPOs also carries the risk of overpaying for shares and losing the initial investment.
It is important to note that not every risky investment will yield positive results. Elon Musk himself has experienced setbacks throughout his career. When it comes to investing, there are no guarantees, and it is crucial to be prepared for potential failures.
In conclusion, while Elon Musk’s success may be rooted in his unique genetic makeup, individuals can seek their own path to greatness by exploring riskier investment opportunities. Whether it’s delving into alternative investments, penny stocks, or IPOs, calculated risk-taking can pave the way for financial rewards. However, investors must always remember that risks are inherent in the investment world, and there are no certainties when it comes to returns.