Elon Musk started compounding wealth when he exited his first company for a price of $22m. Today, he is worth $1.1tr.
This is the timeline on how Elon Musk made his money:
• Zip2 (1995–1999): At age 24, Musk co-founded Zip2. Elon received roughly $22m after acquisition by Compaq.
• Xcom / PayPal (1999–2002): Musk used proceeds from Zip2 to found Xcom, which later rebranded as PayPal. He received $180m after acquisition by eBay
• SpaceX (founded May 2002): Musk put about $100 million into starting the company
• Tesla (joined 2004, CEO since 2008): Musk led the Series A funding round, personally investing $6.35 million initially and becoming the largest shareholder/chairman.
• He also invested smaller amounts ($10 million) in SolarCity (later acquired by Tesla) and later founded Neuralink (brain interfaces) and The Boring Company (tunneling).
• He acquired Twitter (now X) for $44 billion in 2022, funding it largely through Tesla share sales; X was later merged into xAI, which was acquired by SpaceX.
Today, he is worth $1.1 trillion, according to Forbes. We may never see anyone like him in our lifetime.
@criticalnews5@HAHayatu It’s not about what I believe. It’s about stopping the investigation. 200T isn’t missing. They only need to find 50k that was missing and send you to prison for it. That, would be easy to find!
Since his parents didn’t send him to school, d streets have schooled him in d art of crime. Every child that isn’t in school or been trained by his parents can easily end up like him. He is lucky he was arrested, many like him would be killed in combat.
@Waspapping_ You can’t have millions of people who are desperately poor without a welfare system to fall back on and expect to have a peaceful society. It’s part of the reasons while developed countries have welfare cheques for people who lose their jobs etc Poverty can lead to calamity!
@Waspapping_ It’s because the root cause of it is large scale poverty, illiteracy and unemployment. There is also a high level of radicalization that is left unattended to. Until that is addressed with the seriousness it deserves by the governors, LGA and Fed govt we are in for a long haul!