How world's richest man Elon Musk, whose net worth is now over $250 billion, earned his first $1 million
Finding the internet fascinating, Elon Musk along with his brother Kimbal founded an online business directory called Zip2. The brothers then sold the company for $307 million in 1999 to Compaq.
Billionaire Elon Musk who is the founder and owner of Tesla, X.com, SpaceX, and The Boring Company is one of the richest people in the world with a total net worth of $256 billion. Elon Musk's success story differs from others as it involves belief in oneself and risky investment options that led him to become the richest man on the planet.
Elon Musk was born in Pretoria, one of South Africa's capital cities, in 1971. Elon Musk belonged to a well-to-do family and always had an interest in computers and design. Elon Musk attended Queen's University in Canada when he was 17 and later transferred to the University of Pennsylvania to study physics and business.
Finding the internet fascinating, Elon Musk along with his brother Kimbal founded an online business directory called Zip2. The brothers then sold the company for $307 million in 1999 to Compaq.
Elon Musk made $22 million with the sale of Zip2, and he then spent $1 million on a McLaren F1 supercar, reports state.
Elon Musk then started a banking startup that was merged with another company and ended up being named PayPal, in which he took the role of the CEO. Elon Musk earned $180 million when eBay acquired PayPal for $1.5 billion in 2002.
Elon Musk, the owner of companies like Tesla and SpaceX and the world's richest person, is also number one in terms of getting the highest salary among the world's Fortune 500 companies. Reports state that Elon Musk gets more salary than the CEO of any company in the world. In 2022, Elon Musk got $23.5 billion i.e. Rs 1.82 lakh crore as salary.
Elon Musk's salary is way more than other top executives in the world including Sundar Pichai, Satya Nadella, Tim Cook, and N Chandrasekaran.