Fascinating Way Texas’s Richest Billionaire Made Their Money

Sometimes you wonder how on Earth there can be so many billionaires, but very soon we will be talking about the planet's first trillionaire who just so happens to live right here in Texas. It was only 100 years ago or so that our little third rock from the Sun was home to its first couple of billionaires, now it is believed there are more than 2,700 living among us worth somewhere north of $14 trillion dollars.

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So, I do not believe it would be safe to say it is getting easier to become a billionaire because your odds of crossing paths with one of them is still incredibly rare. However, it sure does seem like they find each other a whole heck of a lot.

See the 20 richest billionaires in Texas below 👇

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Based on the average income of an American, according to this USA Today article, is almost $60,000. That means it would take 1,667 years for the average American just to make $1 billion, and if that puts into perspective just how wealthy a person with just $1 billion net worth is, imagine their having $1 trillion.

Fascinating Way Texas's Richest Billionaire Made Their Money

Elon Musk has been described as a serial entrepreneur. He takes companies he has started or assembled via acquisitions, sells them for large gains, and then begins again with new financial interests. His online bank X.com acquired its competitor Confinity that owned PayPal.

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When PayPal was sold to Ebay, Musk made around $176 million, and from there he began again by investing in Tesla and founding SpaceX. From there, the rest is history, but the future could be the bigger store.