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X.com was an American online bank founded by Ed Ho, Harris Fricker, Elon Musk, and Christopher Payne in 1999 in Palo Alto, California.It merged with competitor Confinity in 2000 and the merged company changed its name to PayPal in 2001.
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders.
Elon Musk in 2022. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [1] and $397 billion according to Forbes, [2] primarily from his ownership stakes in Tesla, Inc. and SpaceX.
He later merged the venture with money transfer company Confinity and they combined to create PayPal. When PayPal was sold to eBay in 2002 for $1.5 billion, Musk’s 11.7 percent stake ended up ...
Here is a look at every business Musk currently owns: ... Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks ...
Elon Musk began building his fortune by starting the company Zip2. The company was acquired by Compaq in 1999 for $307 million, of which a 27-year-old Musk pocketed $22 million. After he went on ...
When PayPal launched at a press conference in 1999, representatives from Nokia and Deutsche Bank sent $3 million in venture funding to Thiel using PayPal on their PalmPilots. PayPal then continued to grow through mergers in 2000 with Elon Musk 's online financial services company X.com , and with Pixo , a company specializing in mobile commerce.
PayPal was sold in 2002 to eBay for $1.5 billion — providing Musk with a windfall that he funneled into the creation of SpaceX and an investment in Tesla in its early days.