millionaire

He did not create either of the two companies that made him a millionaire

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Elon Musk, al Like Jeff Bezos And many other millionaires have tried to create the image of a genius that made himself starting from scratch, romantizing an image of the Garage Founding Myth even Apple has been able to sustain In time. Around Elon Musk They have raised many myths and legends that, although they start from a certain base, have exaggerated or omitted parts to contribute to epic to their career. However, time, which puts everything in place, has been in charge of denying. To name a few, there is the myth of the emerald mines in Zambia of his father, the Tesla Foundation or the unknown about whether Tesla itself or Space X would have survived if not for some of the government programs that now He is dismantling Doge. Elon Musk’s beginnings Elon Musk grew up in a wealthy family in South Africa. His father, Errol Musk, was a hustler with a career full of ups and downs. However, as his father declared in an interviewdid not own The emerald minesbut her shareholder, so she received a certain amount of precious stones for some years in the 80s. Anyway, Errol Musk describes During the interviewThat Elon Musk’s childhood and his brothers was full of luxuries. Among them that included the plane (which he sold to buy his participation in the Esmeraldas mine) or, as Walter Isaacson said in Elon Musk’s biography, “(…) swam in abundance. He had a Rolls-Royce Corniche Dorado convertible.” While it is true that during the Musk brothers student stage, Errol Musk was very far from being a millionaire and did not always provide them with enough money, he supported Elon and Kimbal Musk when they started their first venture, selling some of the Erroldas Musk emeralds in Tiffany’s of New York. In 1995, when the Musk brothers founded their Zip2 Business Board of Directors, their father financed them with $ 28,000 and His mother, Maye Musk, He contributed 10,000 more. Elon Musk denied this information In an interview For Rolling Stone, although he reduced the tone in his biography ‘Elon Musk: Tesla, Spacex, and The Quest for a fantastic future’ From Ashlee Vance ensuring that his father had participated in 10% of the company’s initial investment, making it clear that his family gave him a great initial economic impulse. More ambition than management After the initial family capital, Zip2 opened the door to new investors, including Greg Kouri, who soon realized that Elon Musk did not have enough experience to take the reins and degraded him to technology director, while Rich Sorkin took command. According to writer Ashlee Vance, the initial code of ZIP2, written mainly by Musk, contained many errors and the engineers who hired They had to rewrite it almost completely. Despite those deficiencies, Elon Musk did not hesitate to download their anger on them shouting in front of everyone who had to “fix their stupid shit code,” Isaacson said in Musk’s biography. In 1999, ZIP2 sold to Compaq by 307 million dollarswhich made Musk brothers a millionaires. They were the origin of the first 22 million dollars that Elon Musk won. After the sale of ZIP2, Musk co -founded the platform of Banking online x.comwhich later merged with his main rival: Confinity of Peter Thiel and Max Levchin, to form Paypal. Although Musk often presents himself as Paypal’s visionary co -founder, the truth is that PayPal’s original technology came from Confinity, not X.com, which contributed the user base. Musk was the CEO of the new company during the first six months, but he was fired by replacing him with Peter Thiel in September 2000, taking advantage of a Musk trip to Australia. One of the reasons were the constant tensions with Max Levchin for Musk’s trend to risky technological changes, such as replacing all PayPal UNIX infrastructure with Microsoft Windows. Ironically, “Musk admired Bill Gates, he loved Windows NT and thought Microsoft was a more reliable partner,” Isaacson wrote in Musk’s biography. That admiration It would not last for many years further. Although, as a shareholder, Musk earned a lot of money when Ebay bought Paypal, he was no longer in command of the company. In any case, his fortune had increased in 180 million dollars more for the agreement of 1.5 billion dollars with eBay. Tesla: Take control and rewrite the story Many people believe that Elon Musk is one of the founders of Tesla and in part it is because the founders of Tesla allowed it. Actually, Tesla Motors was founded in 2003 by two engineers, Martin Eberhard and Marc Tarpenninglong before Musk got involved. Musk joined Tesla in 2004, when the company was still not clear what they were going to manufacture. Musk used his money to accelerate the project becoming the main investor. He appointed himself president of the Board of Directors, despite being just an investor, as the co -founders counted In an interview for CNBC. Over time, Musk took more control of the company and fired the original founders. In 2007, Musk fired Martin Eberhard and held the CEO position he still holds in 2008. Eberhard sued Musk, accusing him of taking control of the company, orchestrating his dismissal and trying to rewrite the history of Tesla in his efforts to appear in the company’s documents as a founder, when the company already existed when he invested in it. Finally, Eberhard saw forced to give in and sign an agreement in which Musk was allowed present yourself as “co -founder” next to the true founders. His great achievement was to appropriate a promising company founded by others, and then take advantage of his visionary image of the electric car. This does not mean that Musk has contributed to the success of the brand, but contradicts the idea that he founded Tesla from scratch. Public money to the rescue of Tesla and Spacex In addition to private investments, Elon Musk has benefited from billions of public money to build your empire. Tesla’s case is … Read more

Indonesia will finally raise the veto of the iPhone 16, according to Bloomberg. The key is in a millionaire investment of Apple

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At the end of last year, Indonesia prohibited sale of the iPhone 16. The surprising measure did not go unnoticed, but what really caught attention was the reason: Apple had not invested enough in the country. Google either had better luck. Shortly after, The authorities vetoed the marketing of the Pixelalthough they never officially sold in Indonesia. Now, everything indicates that the situation is about to take a turn. The return of the sale of the iPhone seems imminent Bloomberg points out that Apple and the Indonesian Ministry of Industry They reached an agreement to lift the smartphone prohibition. The sources indicate that the movement should be formalized this week. The Indonesian government plans to hold a press conference to publicize the details of the commitment. However, the American media points out that Apple’s investment has played a leading role. The firm led by Tim Cook would have committed to invest no less than 1,000 million dollars in Indonesiaa figure ten times higher than the one previously destined for the creation of several Apple Developer Academy. And what will that money be invested? As explained, Apple will allocate it to the construction of an AirTags production plant in collaboration with Luxshare Precision Industry Co., an old Chinese partner of the Cupertino company. Another part of the investment will be directed to a New factory in Bandunga city southeast of Yakarta, which will focus on the production of other accessories. In addition, Apple will continue to finance its programming academies in the country. The prohibition of the iPhone 16 that is now about to disappear has been supported by a regulation that establishes that certain products must have a national component level certificate (TKDN) The TKDN is an index of the percentage of national components used in production. Apple and Google mobile devices They must reach 40% In the mentioned metric, but there are many ways to meet this requirement. Companies that do not manufacture their products in Indonesia usually resort to agreements with local suppliers at some point in their supply chain. Other strategies, such as hiring local labor and investments, also contribute. And if you wonder why Apple is so determined to overcome this prohibition, the answer is simple: it is about The greatest economy of Southeast Asia and The fourth most populous nation in the world . That is, of a large market. Images | Trac vu | Apple In Xataka | Proudly American: Apple will invest more money than ever in the United States in full tariff threat

‘La Revuelta’ has made the issuance of lotteries at last something interesting. In return, a millionaire fine has been taken

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Since ‘The revolt‘He began to design ways not to interrupt his program to give the information to which it is obliged With the results of the lottery, it has become one of the most commented and admired sections of the Broncano program. A good sample of how they are able to return chaos in their favor in a creative way, but that has a spiny back: it will cost a million euros to the public entity. Different formulas. Practically from the moment of the premiere of the Broncano program, RTVE was experiencing with different formulas to locate the microspace that gives the lottery information. First he broadcast it immediately after the news. Then he located it after the end of ‘La Revuelta’, but the channel audiences plummeted. In autumn of 2024 he even relegated the space at midnight, but after receiving a warning of lotteries, RTVE saw that he would have no choice but to allow the results of the lottery to be issued in the course of ‘La Revuelta’. It happened on December 9. Humor reigns. Since then, ‘La Revuelta’ decided to face the obligation with humor. Has taken advantage to launch Pullites to competitionShow a 75 -second count in even Jorge Ponce He came to threaten the spectators Less faithful with a razor. That was the turn: since then, fiction pieces were created that could be enjoyed without volume, which was given to the Lotteries’ miniespace, and that tended a bridge towards mood classics such as’ The Office ‘. Among the most memorable, A discussion of Jorge Ponce with the teambut there has been everything since Whodunits at full speed to first aid courses or, of course, References to the Meme of the Moment. Problems with lotteries. The agreement signed with lotteries and bets of the State forced public television to broadcast the results between 9:45 p.m. and 10:30 p.m., Monday through Friday. Only for extraordinary and justified reasons, as a special informative could be delayed, always with prior to the public. However, since the premiere of ‘La Revuelta’, the entity detected that RTVE inclined its contract in more than twenty occasions, which motivated a penalty for compensation of just over one million euros, according to sources of the entity they told The confidential. The PP has taken the issue to the Mixed RTVE Control Commission that is taking place Today in the Senate. A known fine. The world He also reported the sanction for irregularities committed in the last quarter of 2024. The situation was so conflicting between RTVE and lotteries that, according to this newspaper, RTVE even came to the tender for the broadcast of the lotteries and bets of the State, a contract that allows the Public Corporation to enter about 52 million for four years, being also the only television that contest. They had to mediate members of the Government for Cascajosa Concepción, previous interim president, not let the contract escape, for many obligations that would lead. New conditions. In this way, the contract has been modified to adapt it to the important presence of ‘La Revuelta’ on the grill. From 2025, the daily programs would have a duration between 80 and 110 seconds, and would be issued at some point in a broader strip, between 21: 45h and 00: 00h. Of course, this could also generate their own problems: according to ‘the world’, this form of broadcasting the lottery could be breaking the audiovisual law, leaving the raffle of being an independent block to become a part of ‘the revolt’. Private chains could thus file a complaint with the CNMC. Header | RTVE In Xataka | A game of chess, protagonist of the biggest victory of Broncano to date: ‘The revolt’ is not a day flower

The most millionaire form of Ferdinand Porsche’s grandson to save a slope

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Wolfgang Porsche, president of the Porsche Board of Directors and grandson of Ferdinand Porsche, is raising controversy among the residents of Salzburg (Austria). The millionaire has proposed to build An underground tunnel deprived of about 500 meters under the mountain where one of its seventeenth century is located. The most striking of all, is the reason why he wants to build this tunnel: avoid a brief section of road that winds down the slope of Mount Kapuzinerberg by joining it with the urban center of the city. The new Millionaire neighbor. According to The published By the German newspaper DerstandardWolfgang Porsche bought in 2020 the villa Paschinger-Schlössl for about 8.4 million and is currently under rehabilitation works. That is, it is not even about Millionaire’s main house 81 years. The village of a palatial nature is located on a slope of the mountain of Monte Kapuzinerberg, which acts as one of Salzburg’s green lungs, and had belonged to the writer Stefan Zweig. “Complicated” access. As usual in the places built on a mountain, the narrow road with only access lane to the place, runs through the side of the mountain saving a slope with about 50 meters of unevenness. Apparently, the president of one of the largest manufacturers of German supercar distracks him to travel a brief section of mountain to reach his residence. According to local sources, the narrow access through a 16th -century wall tends to collapse due to the difficulty of access, it can be dangerous in winter. The least is the tunnel. According to published Spiegelto avoid the stretch of road, the millionaire believes more appropriate to build an underground tunnel under its mansion, so that the landscape value of the place would not be altered. This work would allow to communicate a private parking for nine cars that will be built next to the town, with urban parking located at the base of the mountain. The bureaucratic procedures for the execution of the work are already very advanced and even the millionaire would have already paid about 40,000 euros in concept of access to the existing urban parking. The neighbors see it as a privilege for rich. The Bürgerliste Local Party has questioned the modest access rate that the millionaire has paid. While the amount of your personal fortune is not publicly known, it is estimated that the fortune of the Porsche/Piëch family whose fortune is estimated in about 38.8 billion dollars. Beyond the protests for the supposed privilege of access to the new neighbor, there is legal level they have nothing to object. According to “Kellerrecht“or” Bodega Law “, the property of Wolfgang Porsche is not limited to the land and the town built in it, but also to everything under the town.” Theoretically, these lands could be used even to the core of the Earth, “said a report by the municipal technical entity. In Xataka | There are only two units of this exclusive Porsche 911. One of them was abandoned and taking dust in Dubai Image |Porsche

There is a country in Europe where one in three inhabitants is a millionaire and only 46% were born there: Monaco

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If you think of a city in Europe that the supercar is already part of the landscape of their streets, luxury stores follow each other on their boulevards and the supereyates are attached to their marinas, you are probably Thinking about Monaco. However, luxury and exclusivity do not remain in the posture of its streets. One of the higher concentrations of millionaire population of all the Mediterranean. So much so, that the majority of its population is foreign and is one of the countries in which it is more complicated to belong to the richest 1% of its population, according to the report ‘The Wealt Report of 2024‘Prepared by the consultant Knight Frank. Monaco’s population is not Monegasca. With an area of ​​just 2.02 km2, the Principality is the second smallest country in the world, only behind the Vatican. According to demographic data, In 2023 it had a census population of 38,367 inhabitants, of which 21,042 citizens They are of foreign originmainly from France, Italy and the United Kingdom. This means that only 46% of the total population is of Monegasco origin. In recent years, the percentage of the population of foreign millionaires It has been decliningbut in the 60s of the last century, they reached figures close to 70% of its population. High density of millionaires. According to Knight Frank’s report, in Monaco there are some 13,400 people of very high purchasing power. That assumes that approximately 35% of its resident population, has a equity available to invest more than one million dollars, discarding the value of its habitual residence from that amount. The economic data They point out that the GDP per capita of the Principality of Monaco in 2023 was 256,580 dollars, compared to the $ 33,500 in Spain, the 44,690 dollars of France or the 99,564 dollars recorded Switzerland. In Monaco it is difficult to be “rich”. Belonging to 1% of the richest elite is not easy in any country, but being in one with the density of a millionaire per m2 that Mónaco has is even more complicated. According to Knight Frank data, to belong to the 1% richest population in Monaco, it will be necessary to have a heritage of more than $ 12,883,000. Instead, for belong to the 1% richest in Spainthe same person would need a heritage of $ 2,468,000 or $ 5,813,000 to be considered part of that millionaire elite in the US. No taxes and no tax havens. For decades, Monaco was considered a fiscal paradise for his low taxation and the fiscal secret that protected its inhabitants. International diplomacy has made small principality open its archives and, with it, left the fiscal paradise lists. Despite that, its residents enjoy a total absence of direct imposition. That is, there is neither IRPF nor societies for companies. Income and assets are not subject to imposition, so there are no taxes on investment income, capital gains, dividends or yields such as worker, freelance or manager of a company. The only taxation that can support those fortunes that have more than 25% of their activity outside Monaco is a 25% tax on benefits. In Xataka | The next border of the super farms is no longer to be Milmillonarios, is to be Billionaires: Musk, Zuckerberg and Bezos are candidates Image | Unspash (Lazar Gugleta)

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