01:35:39.380As a teenager, Elon would trade emeralds for cash in New York City.
01:35:43.620And his father bragged how they had so much money we couldn't even close our safe.
01:35:47.820Musk claims to have had about $100,000 of student loan debt, but he received a full scholarship
01:35:54.320to the University of Pennsylvania, where he bought a 10-bedroom frat house with his friend
01:35:59.240Adeo Resi and ran an illegal nightclub.
01:36:02.760The pop culture claim is that Elon has an IQ of 155.
01:36:07.080But this has never been tested, and after being accepted into Stanford for Ph.D. studies, he dropped out after two days.
01:36:15.180After dropping out, Elon began his first business venture with his brother Kimball, Zip2, which was essentially a digital version of the Yellow Pages.
01:36:23.600The brothers received tens of thousands of dollars from their parents, and yet Elon denies this.
01:36:29.300An associate of Elon's father, Greg Curry, got involved to bring in investors.
01:36:38.220But Elon's code was no good, so they had to hire on professional coders to rewrite everything.
01:36:44.640Zip2 was then sold for $307 million to Compaq,
01:36:48.300who later shut it down without ever earning a profit.
01:36:57.900Elon made $22 million, bought a $1 million McLaren F1 supercar, which made mainstream news,
01:37:05.540before he totaled the uninsured vehicle.
01:37:08.800Musk then went on to create an online bank, X.com.
01:37:14.900He partnered with banking expert Harris Fricker, Edward Ho, and Christopher Payne.
01:37:20.660All three ended up leaving the company after accusing Elon of lying to the media about the quality of their product.