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RM From $2,000 at 17 to a Global Fortune: Elon Musk’s Remarkable Rise

Elon Musk: Biography, Entrepreneur, SpaceX and Tesla Founder

Elon Musk has often spoken about his extraordinary path from a teenage immigrant with limited resources to becoming one of the wealthiest entrepreneurs in the world.

In 2018, Musk shared details of his early life on X (formerly Twitter), revealing that he arrived in North America at the age of 17 with only $2,000, a backpack, and a suitcase filled with books. He paid his own way through college and later left Stanford University’s engineering and physics graduate program carrying $110,000 in student debt.

Musk first moved to Canada, taking advantage of his mother’s Canadian citizenship to obtain a passport. He later transitioned to the United States after receiving a scholarship to attend the University of Pennsylvania.

Reflecting on those years, Musk wrote that he arrived in North America with minimal money, funded his education independently, dropped out of Stanford, and went on to create his first internet startup alongside his brother and Greg Khouri.

Initially, Musk hoped to work at Netscape Communications. When that opportunity did not materialize, he decided to build his own company instead. This decision led to the founding of Zip2 in 1996, a startup designed to help traditional media companies establish an online presence.

Musk’s time at Zip2 deeply influenced his understanding of the media industry, particularly how news organizations function. Decades later, that experience has inspired him to announce plans for Pravduh, a platform intended to evaluate the credibility of journalists.

After selling Zip2, Musk co-founded PayPal and went on to launch SpaceX and Tesla—ventures that helped him amass a fortune exceeding $20 billion. Despite his immense success, he continues to push technological boundaries. Most recently, he revealed new details about a SpaceX-inspired version of Tesla’s Roadster.

Elon Musk’s journey highlights an unwavering commitment to innovation and perseverance. From overcoming early financial challenges to reshaping industries ranging from finance to space exploration, his story continues to inspire people worldwide, proving that bold ideas and determination can lead to extraordinary achievements.

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