His parents owned an emerald mine during apartheid where the working conditions for miners (all black, of course) could accurately be described as slavery. He was literally walking around with emeralds in his pockets like some fucked up little prince.
Anyway, that’s how he got his startup capital.
This is a common misconception. His daddy loaned him a whopping 28 grand. Nothing mind blowing, and certainly not what youd expect the heir of a freaking emerald mine to get their hands on.
Elon Musk got most of his capital early in his career from the sale of his first company, Zip2, which he co-founded with his brother Kimbal in 1995 using $28,000 borrowed from their father[1][6]. In 1999, Zip2 was sold to Compaq for $307 million, with Musk earning $22 million[1][6]. Musk then invested $10 million of his Zip2 proceeds into founding X.com, one of the first attempts at online banking, which later became PayPal[1]. After PayPal, Musk invested all of his proceeds into his new projects: SpaceX ($100 million), Tesla ($70 million), and SolarCity ($10 million) [1]. By 2008, he was almost penniless and living on $200 thousand monthly loans from his friends after a $20 million divorce[1]. However, his fortunes changed, and by 2017, his net worth had risen to $16 billion[1].
Citations: [1] www.toptal.com/finance/…/elon-musks-investments [2] time.com/…/elon-musk-net-worth-person-of-the-year… [3] money.com/8-innovative-ways-elon-musk-made-money-… [4] en.wikipedia.org/wiki/Elon_Musk [5] financebuzz.com/jobs-elon-musk-had-before-wealthy [6] www.sitebuilderreport.com/…/elon-musk> Anyway, that’s how he got his startup capital
Is Elon Musk a dilettante, or a brave maverick? We’ve all wanted to shoot down boring questions with the press of a buzzer, but Musk actually did it. Is this the sign of a Ponzi schemer or just a man who hates myopic thinking? #ElonMusk #Tesla https://topt.al/kcbVm
Source for the pivotal claim: another article. The source of that article: a Rolling Stone interview of Musk himself.
You can’t trust malignant narcissists about themselves and their early lives, especially not ones like Musk who lies about the death of his own child
Nobody said solely, but the source is daddy emeraldbucks himself.
Your hero isn’t a genius. He’s just a lucky narcissist with the money to buy succes and the shamelessness to constantly brag about how superior he thinks he is to everyone.
Viking_Hippie
