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#65
#65

Nikola Tesla

Tesla Electric Company / Wardenclyffe Laboratory

Industry

Electrical Engineering / Invention

Country

United States (born Serbia/Austria-Hungary)

Founded

1887

Net Worth

Died in poverty (1943)

All 25 Entrepreneurs

Famous Quote

The present is theirs; the future, for which I really worked, is mine.

Why #65

Tesla invented the AC electrical system that powers civilization, held 300+ patents, and envisioned wireless communication and energy transfer a century before they existed. Despite dying in poverty, his inventions are more foundational to modern life than almost any other individual's.

The Story

Nikola Tesla invented the alternating current (AC) electrical system that powers the entire modern world. While Edison championed direct current (DC), Tesla's AC system proved vastly superior for transmitting electricity over long distances, and it became the global standard. Tesla's partnership with George Westinghouse to build AC power plants — including the one at Niagara Falls — electrified America and proved Edison wrong.

Tesla held over 300 patents across 26 countries and made fundamental contributions to radio, X-rays, remote control, rotating magnetic fields, and wireless communication. His inventions were ahead of their time — he envisioned smartphones, Wi-Fi, and wireless energy transfer over a century before they existed. His Wardenclyffe Tower project aimed to transmit wireless energy around the globe, but funding collapsed before it could be completed.

Despite his genius, Tesla died alone and penniless in a New York hotel room in 1943. He was terrible with money, gave away patent rights, and was outmaneuvered by more business-savvy competitors like Edison and Marconi. His posthumous reputation has soared: Elon Musk named his car company after Tesla, and he is now widely recognized as one of the greatest inventors in human history.

Key Achievements

1

Invented the alternating current (AC) electrical system

2

Held 300+ patents across 26 countries

3

Built the AC power system at Niagara Falls with Westinghouse

4

Pioneered radio technology, X-ray imaging, and remote control

5

Designed the Tesla coil — foundational to radio technology

6

Envisioned wireless communication 100+ years before smartphones

By the Numbers

300+

Patents

26

Countries Patented In

Global Standard

AC System Adoption

8

Languages Spoken

Fun Facts

He claimed to visualize entire inventions in his head before building them — no sketches needed.

He had an obsession with the number 3 — he would walk around a building three times before entering.

He was celibate his entire life, believing relationships would distract from his work.

He spoke eight languages fluently: Serbian, Czech, English, French, German, Hungarian, Italian, and Latin.

Elon Musk named Tesla Motors after him — though Musk did not found the company, he adopted the name.

Frequently Asked Questions

Who are the greatest entrepreneurs of all time?

The greatest entrepreneurs include Steve Jobs (Apple), Elon Musk (Tesla/SpaceX), Jeff Bezos (Amazon), Bill Gates (Microsoft), and Mark Zuckerberg (Meta). Each built companies that fundamentally changed how the world works — from personal computing and smartphones to e-commerce, cloud computing, and social media.

What makes someone a successful entrepreneur?

Successful entrepreneurs share several traits: the ability to identify unmet needs, willingness to take calculated risks, relentless execution, and resilience in the face of failure. They combine vision with practical problem-solving and are willing to persist long after most people would quit. Capital and credentials matter far less than most people think — resourcefulness beats resources.

Can you become an entrepreneur without a business degree?

Absolutely. Many of the greatest entrepreneurs had no business education. Steve Jobs dropped out of college. Richard Branson left school at 16. Sara Blakely was selling fax machines. Henry Ford had no formal engineering training. Jack Ma was an English teacher. What matters is not the degree — it is the ability to see an opportunity, build something people want, and persist through failure.

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