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#1 Zip2 – Made Elon $22 Million
Zip 2 was stared by Elon and his brother Kimbal Musk and Greg Kouri. The company provided online city guide software to newspaper organizations.
Musk got his first big break in business when he sold his Zip2 to Compaq for $307 million in 1999, clearing him a cool $22 million which he used to help start his next venture…Continue to the next page to see how musk mustered his fortune!
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#2 X.com / Paypal – Made Elon $165 Million
Elon used some of the cash he generated from selling Zip2 to start X.com, which would eventually merge with Confinity to create Paypal. When Paypal was sold to Ebay, Musk cleared $165 million. Most of us can appreciate that Paypal has become one of the largest online payment processors in the world. Another hit for Musk, it appears Elon has a unique talent for developing successful businesses. The best is yet to come…keep reading to see how Mr. Musk really started to find his groove and start cleaning up financially.
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Tesla vehicle sales in the United States increased 280% from 48,000 in 2017 to 182,400 in 2018. The company is valued at over $50 Billion as of 2019, and Musk has shown yet again, that he can take an idea and make it hugely successful. Musk got involved with Tesla shortly after it was founded and used some of his profits from the Paypal sale to help fund rapid expansion. Under his leadership Tesla has soared to new levels of success and only continues to grow.
As of 2019, Tesla is now more valuable than Ford, Honda, BMW, Nissan making it the 5th most valuable auto manufacturer in the world. In December, 2018 Tesla overtook GM & Daimler (Mercdes) to become the 3rd most valuable auto maker by market cap, and although the market has shifted slightly, we expect Tesla will soon overtake these 2 again. It’s also possible or even likely that Tesla may even be able to overtake Toyota in the near future to become the worlds most valuable auto company if it continues to grow at its current pace. As of 2019, Musk holds about 22.5% of Tesla making him the single largest shareholder by a long shot.
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#4 Solar City
Solar City was founded in 2006 by Elon Musk’s cousins Peter and Lyndon Rive and was recently acquired by Tesla in 2016 for $2.6 Billion. Solar City is one of the largest solar installers in the U.S. and has over 12,000 employees. The company also produces electric vehicle charging stations powered by solar energy. Since the Tesla acquisition, the Solar City is now selling solar panels through Tesla stores and the Tesla website.
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Elon has done what most deemed impossible by securing government contracts for his rocket company, Space X and has done so at an inceredible profit. Space X alone is valued at around $31 Billion in 2019 based on a recent funding round proving that Elon has what it takes to start a rocket company from scratch and make it wildly successful. Musk owns in the range of 20-30% of Space X. It seems like everything Musk is involved in has become quite successful.
Elon wants to get humans on Mars and is actually developing the technology that may get us there. Because of his fortune and sheer determination, Elon Musk is one of the few humans in a position to actually see his vision of a space faring civilization come to pass. Pretty exciting stuff, Mr. Musk, keep up the good work!