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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.
In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—PayPal's largest shareholder with 11.7% of shares—received $176 million. [26] [27] In 2017, more than 15 years later, Musk purchased the X.com domain from PayPal for its "sentimental value". [28] [29] In 2022, Musk discussed a goal of creating "X, the everything ...
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.
Learn which investments helped make Elon Musk the richest person in the world. ... Co-founder of online payment system PayPal, which was sold to eBay in 2002 for $1.5 billion. (eBay later spun out ...
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.
After getting approved for a $46 billion pay package from Tesla, Elon Musk is once again the wealthiest man in the world. His investments tell the story of how he got there. Here's what Musk owns...
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, [395] and $397 billion according to Forbes, [396] primarily from his ownership stakes in Tesla, Inc. and SpaceX.
Peter Andreas Thiel (/ t iː l /; born 11 October 1967) is an American entrepreneur, venture capitalist, and political activist. [1] [2] [3] A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook.