Tony Stark was born in Long Island, New York. He was a genius at a young age, by entering the undergraduate engineering program at MIT only at the age of 15 years old, and then later on graduates at the top of his class. And at the age of 21, he inherits his father's company, STARK Industries, after his parents were killed in a car accident.
During a Business trip visit at the Gulf War in Vietnam, Tony was stuck in a booby trap. Captured by a Vietnamese warlord named Wong Chu, Tony was dying from a piece of Shrapnel that was lodged in his heart from the booby trap. During this time, Stark was forced to build Wong Chu weapons along side with another prisoner, a famed physicist Yin Sen.
Secretly working with Yin Sen, they built an Armored Power Suit, an Iron exoskeleton that gives Tony Stark tremendous strength as well as other abilities. The suit will also give Tony Stark's heart beating, but also allow him to escape. Yin Sen Sacrifices himself to buy Stark time to charge the bulky suit of armor, and as Iron Man, Stark makes short work of Wong Chu and his men.
On the way back, Iron Man encounters a wounded American Air Force helicopter pilot, Jim Rhodes. Introducing himself as Stark's bodyguard, Iron Man and Rhodes manage to defend themselves against the pursuing North Vietnamese before making it back to American lines. On his return to the US, Stark continues to improve the armor, establishing a dual identity as the adventurer and superhero Iron Man. He also greatly expands his father's company, Stark Industries, eventually renaming it Stark International.
Stark has a vast personal fortune, and is also known as a philanthropist. He donates the use of his boyhood manor as Avengers Mansion, and funds the Avengers' operations through the Maria Stark Foundation, a non-profit organization named after his late mother. The Foundation is not linked to any of Stark's businesses, and has continued to operate even when those businesses have failed. Stark also provides technology to other superheroes, including designing various replacement shields for Captain America, the quinjets used by the Avengers, the image inducers used by the X-Men and Spider-Man's second armored costume.
Eventually, Stark's heart condition is discovered by the public and cured with an artificial heart transplant.
Stark continues to act as Iron Man while carrying out his government duties, until being forced to resign after a seemingly drunken tirade against the Latverian Ambassador at the United Nations. The tirade is actually induced by the Scarlet Witch, who has gone insane. This incident is part of a series of events culminating in the deaths of three Avengers, the destruction of Avengers Mansion, and the disbanding of the Avengers themselves. In the aftermath, Stark claims publicly he will stand down as Iron Man, although adding, there will "always be an Iron Man".
The "new" Iron Man remains Stark, but the catastrophic events that preceded this, combined with Stark's assertion, convinces the public that Iron Man and Stark are now different people. Stark leaves the wreckage of Avengers Mansion as it is, and unveils Stark Tower, a state-of-the-art office building that becomes headquarters for the new Avengers team, of which he is a member.
Look out for Iron-man Movie in 2008 from Marvel Studios. Visit http://www.ironmanmovie.com/ for more info.
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