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That same year, Musk co-founded X.com, a direct bank, that later formed PayPal. In 2002, Musk acquired United States citizenship, and eBay acquired PayPal. Using the money he made from the sale, Musk founded SpaceX, a spaceflight services company, in 2002. In 2004, Musk was an early investor in electric vehicle manufacturer Tesla Motors, Inc ...
Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [9] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [4] Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [10] According to ProPublica, Musk paid no federal income taxes in 2018. [11]
X.com, the company that would later merge with Confinity to become PayPal, is launched by Elon Musk. [3] 1999: July: Product launch: Confinity announces the launch of online payment service PayPal, intended to be usable via a web browser and via a Palm Pilot. At the launch party in July, Nokia Ventures uses PayPal to send $3 million in venture ...
How did Elon Musk start making money? 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 ...
Musk used the majority of the money he gained from PayPal to start SpaceX in 2002. The company has won contracts with NASA and the U.S. Air Force to design rockets.
Elon Musk -- still the world's richest man, with a $243 billion net worth as of July 10, according to the Bloomberg Billionaires Index -- is at the helm of several companies. From Tesla to SpaceX ...
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.
In March 1999, [15] Musk co-founded X.com, an online financial services and e-mail payment company with $12 million of the money he made from the Compaq acquisition. [16] X.com was one of the first online banks that was federally insured, and over 200,000 customers joined in its initial months of operation.