paypal mafia net worth

The Paypal Mafia is an extreme example of the phrase “your network is your net worth”. When eBay bought Paypal in 2002, the founders of Paypal had an average age of 30. With the opportunity to go out and start again, they decided to stay in touch and share their strategies, experiences and connections as they launched their next businesses. 

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The result? Elon Musk launched Space X and Tesla (Now worth $30 billion+) Reid Hoffman founded LinkedIn (Now worth $25 billion+) Peter Thiel launched Palantir (Now worth $20 billion+) Steve Chen and Chad Hurley founded Youtube (Sold to Google for $1.65 billion) David Sacks launched Yammer (Sold to Microsoft for $1.2 billion) Russel Simmons and Max Levchin launched Yelp (Now worth $1.6 billion+) Dave McClure founded 500 Startups (Invested in 1,300+ companies) Premal Shah became president of Kiva (Crowdfunded 1 million+ microloans) 

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paypal mafia net worth

The founders sold Paypal for $1.5 billion 13 years ago, but as a result of sharing their journeys after that, they now have a combined net worth of over $40 billion presently. Between them, they have created 7 billion dollar companies and invested in many more, generating over $100 billion in market value.