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Well he's worth an estimated 15 billion, a lot of which if I understand is from his involvement with PayPal
by donatj 10y ago
Well he's worth an estimated 15 billion, a lot of which if I understand is from his involvement with PayPal
- JackFr 10y agoWhich of course makes the line from TFA 'Elon Musk, a man of means by no means,...' make no sense. I get that it was presumably a reference to the song 'King of the Road', but since the rest of the story had nothing to do with being a hobo, I'm unsure of the author's intent.
- Robotbeat 10y agoAlmost none of it is from Paypal any longer (except as seed money for other ventures). He got about half a (EDIT: significantly less than a quarter) billion from Paypal and invested it split into Tesla and SpaceX. I think he owns most of (or close to most of) SpaceX, which is worth at least $10B, plus a bunch of shares of Tesla (but definitely not near half), which is worth over $50B. So I'd say his networth now comes from (very) roughly 50:50 Tesla and SpaceX. Paypal money is long gone. He borrows money against his shares to fund projects like this without diluting control.
- acover 10y agoHe got about a quarter of a billion. He almost went bankrupt in ~2008. Edit: my correction of a correction needs to be corrected > In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock, of which Musk received US$165 million. https://en.m.wikipedia.org/wiki/Elon_Musk https://en.m.wikipedia.org/wiki/Elon_Musk
- deleted 10y ago[deleted]
- danderino 10y agoNo barely any of it is from Paypal. Paypal was sold in 2002 for like 1.5 billion to Ebay, and Musk had like 10% of the shares. He does however own something like 25% of Tesla. Thats about 12.5 billion.