Elon Musk turned room into nightclub to pay rent in college

Elon Musk turned room into nightclub to pay rent in college

Tech billionaire Elon Musk has clarified that he wasn't born rich.

He says he had humble beginnings, crushing student debt and an unusual way to pay rent.

The Tesla CEO said he used to pay rent by turning his house into a nightclub and charging $5.

Today, Elon Musk is the richest man in the world with a new worth of $250 billion.

He founded SpaceX, Tesla in 2004 and he recently bought Twitter for a $44 billion deal.

He co-founded the software company Zip2 which was acquired by Compaq for $307 million in 1999.

Musk also co-founded online bank X.com, which merged with Confinity to form PayPal which was bought by eBay for  $1.5 billion.