Kids with lots of money usually have less motivation – Elon Musk reveals how he started his first company


Through the years, Elon Musk gained huge popularity in the media and online. There are also several reports suggesting that the billionaire was actually born into a wealthy family and his father owned an emerald mine.

But how far are these reports really true? In recent tweets, Musk has revealed some fresh information that refutes these speculations.

In a series of tweets, the 50-year-old Tesla boss revealed that when he started his first company, Zip2, in 1995, he had over $100,000 of student debt to pay off.

He also did not own a branded computer and was instead using the one he built for himself.

Musk also only had a few thousand dollars when he kick-started his first company.

The SpaceX boss was replying to a Twitter user on the microblogging site who had slammed people for taking away Musk’s hard work by saying that he already came from a well-off family.

“If being born to a well-off family is why @ElonMusk succeeded extravagantly in life then explain to me why all these rich kids go to art school, never get a job, and waste away,” the user wrote on Twitter.

Replying to the tweet, the soon-to-be Twitter boss said that kids with lots of money usually have less motivation.

“Yeah, kids starting with lots of money usually have much less motivation than those who have nothing.

When we started our first company (Zip2) in 95, I had over $100k of student debt, a computer I built myself and a few thousand dollars,” Musk said.