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Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and U.S. Special Government Employee, best known for his key roles in Tesla, Inc. and SpaceX, and his ownership of Twitter. Musk is the wealthiest individual in the world; as of February 2025, Forbes estimates his net worth to be US$397 billion.
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 ...
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.
After purchasing Twitter, now named X, Elon Musk made a change to the blue checkmark verification system. The checkmark became a part of the X Premium subscription, with users able to pay $8 a ...
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]
Elon Musk’s Net Worth. Elon Musk is currently one of the richest people in the world with an estimated net worth of $239.9 billion. Though the list often fluctuates as it can be a tight footrace ...
Selby says that Soni spent five years interviewing people close to PayPal and that it is “very true” (Elon “definitely sat with Jimmy probably more than any of us,” Selby added).
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 ...