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Elon musk paypal sale. In june 2002 elon musk founded spacex using some of the 12 million he had left over from zip2. He may no longer own any part of paypal but the sale of his shares was a turning point in history. It was then that he turned his attention and newfound. Exactly two years after being ousted as ceo ebay acquired paypal for 15 billion in stock.
The tech billionaire now has seven properties for sale for a combined 137 million. Then in october paypal was acquired for 15 billion and being the companys largest shareholder he made 165 mil. Musk made up to 180 million from the sale and his ties with paypal were cut once the shares were sold. He owns 21 of tesla but has pledged more than half.
Elon musk has listed another five of his california homes. In october 2002 paypal was acquired by ebay for us15 billion in stock of which musk received us165 million. It was then he turned his attention and new found wealth to the space industry and his new space exploration company spacex. When paypal was sold to ebay in 2002 musk made a small fortune even though he opposed the deal pocketing about us180 million at the time.
How did elon musk grow his 165 million paypal sale to 96 billion today while investing in capital intensive businesses.
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