[throw93]

Because he said it himself? Why else would anyone come up with such specific source of income? Source: https://web.archive.org/web/20140413112637/https://www.askme...

His dad invested $200k at 10% at a later stage. I'm pretty sure it qualifies as rich daddy. Source: https://twitter.com/elonmusk/status/1211064937004589056

Btw Musk had little to do with the success of X. The revenue of PayPal was merely $61 million at the time Musk was fired as CEO of X.com(later PayPal).

[LeifCarrotson]

There's an unimaginable gulf between buying books paying tuition to college (especially back when that was affordable), and an investment in a business that's the equivalent of about $350k today.

Elon was never going to have to eat rice and beans, or go work in a cubicle for a big corp to pay the bills if any of his ventures failed.

[concordDance]

> His dad invested $200k at 10% at a later stage

You're reading that wrong. Elon is claiming his dad invested 10% OF a $200k round of seed funding. The actual amount was $28k. (See wiki: https://en.m.wikipedia.org/wiki/Zip2 )

[throw93]

I was being more charitable to Elon by trusting what he said himself. I know the $28k number. Almost 40% of the households with college age kids earn less than 70k before taxes. How many would be able to afford to give a $28k loan to their kids?

Source - https://www.statista.com/statistics/782411/parental-income-o...