Elon Musk’s first major success came with the sale of Zip2. In 1999, Compaq acquired Zip2 for nearly $300 million. Musk received $22 million from the sale, making him a millionaire at the age of 28.
This windfall provided Musk with the financial resources to fund his future ventures. He invested $10 million to co-found X.com, an online payment company. X.com later became PayPal, which was sold to eBay for $1.5 billion in stock. Musk’s ability to identify and capitalize on emerging technologies has been a key factor in his success. Becoming a millionaire in his late 20s was just the beginning of Musk’s journey to becoming one of the richest people in the world.
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