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