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Members of the PayPal Mafia include tech titans like Elon Musk, Peter Thiel, and Reid Hoffman. Here's where they are now.

Members of the PayPal Mafia include tech titans like Elon Musk, Peter Thiel, and Reid Hoffman. Here's where they are now.
  • A group of early 2000s PayPal employees and founders came to be known as the "PayPal Mafia."

  • The members have all gone on to impact Silicon Valley by founding and developing major companies.

  • The group includes Elon Musk, Peter Thiel, Reid Hoffman, and the founders of both YouTube and Yelp.

What do the founders of YouTube, Yelp, Tesla, and LinkedIn have in common? Apart from creating some of the biggest companies in tech, they all share a common résumé line item: they've all worked at PayPal.

Many of PayPal's early employees went on to become major names in tech and the venture capital world, founding, funding, and otherwise developing successful companies. This elite group came to be known as the "PayPal Mafia," a nickname that gained popularity after Fortune featured the term in a 2007 piece along with a photo of some of the members dressed in gangster attire.

Members of the group include Elon Musk, Peter Thiel, and Reid Hoffman, along with over a dozen others. Here's a rundown of the most prominent members of this exclusive group and what they're up to over two decades later.

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Peter Thiel: PayPal's founder and the so-called "don" of the PayPal Mafia

peter thiel elon musk early paypal
Peter Thiel in 1999.AP

Peter Thiel cofounded the company that would become Paypal — called Confinity — in 1999 alongside Max Levchin and Luke Nosek. Confinity was launched as a developer of security software for hand-held devices like the PalmPilot, but it later pivoted toward digital money transfers.

Thiel served as CEO of PayPal until October 2002, when eBay acquired the company for $1.5 billion. Thiel's 3.7% stake was worth a $55 million, according to SEC filings.

Thiel went on to cofound Founders Fund, a venture capital firm that has helped launch companies like SpaceX and Airbnb.

peter thiel
Thiel is now a billionaire.Chip Somodevilla/Getty Images

Thiel, now a billionaire with a net worth of over $8 billion, according to Bloomberg, cofounded the big data analysis firm Palantir in 2003. He was the first major outside investor in Facebook and contributed early funding to Yelp and LinkedIn, along with a number of other ventures launched by his PayPal peers. Thiel's also a partner of Founders Fund, a venture capital fund based in San Francisco.

Thiel has also drawn criticism in recent years for his support of President Donald Trump and for secretly funding Hulk Hogan's lawsuit against Gawker Media, which resulted in the company shutting down Gawker and selling the company's assets. While he's reportedly taken a break from trying to play political kingmaker, Insider recently reported that Thiel served as an FBI informant.

 

Max Levchin: PayPal cofounder and Chief Technology Officer.

Max Levchin
Max Levchin was a cofounder of PayPal.Ben Margot/AP

Max Levchin is sometimes called the "consigliere" of the PayPal Mafia — in "The Godfather," a consigliere is an advisor to the boss.

Levchin made significant contributions to PayPal's anti-fraud efforts. Together with PayPal technical architect David Gausebeck, he helped create the Gausebeck-Levchin test, an early version of a CAPTCHA for commercial applications.

Levchin now serves as the CEO of Affirm.

Max Levchin
Levchin is now CEO of Affirm.Getty

After PayPal was bought by eBay, Levchin founded a media-sharing service called Slide that was later bought by Google. He was also an early investor in Yelp — at one point he was the company's largest shareholder — and he served as chairman of Yelp from its founding in 2004 until July 2015.

He founded fintech company Affirm, which allows consumers to finance online purchases at the point of sale and pay for them over time. Affirm went public in 2021, raising $1.2 billion in its IPO. Levchin is also the chairman of Glow, a fertility-tracking app that helps users improve their odds of conceiving.

Ken Howery: PayPal cofounder and CFO from 1998 to 2002.

Ken Howery
Howery served as PayPal's CFO.Patrick McMullan/Patrick McMullan via Getty Images

After eBay bought PayPal, Howery stayed on as eBay's director of corporate development until 2003. After PayPal's acquisition, he served as cofounder and partner of Founders Fund alongside Peter Thiel.

Howery recently served as US ambassador to Sweden.

Ken Howery
Princess Madeleine of Sweden and Ambassador Ken Howery.Bennett Raglin/Getty Images for the World Childhood Foundation

He was appointed by former President Trump in January 2019 and confirmed September of that year.

Howery is active in several nonprofits and serves as a founding advisor to Kiva, an organization that facilitates loans to low-income entrepreneurs. Kiva was founded in part by Premal Shah, PayPal's former product manager.

Howery is reportedly still good friends with Elon Musk.

Elon Musk: founder of (the other) X.com, which merged with Thiel's Confinity to become PayPal

peter thiel elon musk early paypal
Elon Musk pictured in the early days of PayPal.AP

In 1999, Elon Musk founded a payments company called X.com, which merged with Thiel's Confinity in 2000. He briefly served as CEO of PayPal before he was ousted by the board in September 2000 and replaced with Thiel. But as the company's largest shareholder, he still walked away from the PayPal sale to eBay with a cool $165 million.

Musk is currently the world's richest person, per Bloomberg's Billionaires Index.

elon musk
Musk now juggles multiple companies, including Tesla, SpaceX, and X, formerly Twitter.Patrick Fallon / Reuters

Perhaps the most well known of all the members of the PayPal mafia now, Musk's estimated net worth is $209 billion.

Since his PayPal days, Musk has moved on to oversee companies like Tesla, SpaceX, the Boring Company, and Neuralink. He's also bought Twitter and renamed it to X, after buying back the X.com domain name from PayPal.

 

Luke Nosek: PayPal cofounder and vice president of marketing and strategy.

PayPal
Nosek was also a PayPal cofounder.Thomson Reuters

Nosek was also reportedly the person who clued in Peter Thiel to cryogenic preservation, which Thiel has since invested in heavily.

Nosek explored angel investing.

Luke Nosek
Nosek is a SpaceX investor.David M. Benett/Getty Images for Netflix

In 2005, Nosek joined Thiel and Howery as a partner at Founders Fund. In 2017, Nosek left Founders Fund to launch investment firm Gigafund, which helped raise money for SpaceX.

Nosek invested in Musk's SpaceX and was also named a board member. He also joined the board of ResearchGate, a platform where scientists and researchers can ask questions, follow topics, and review one another's papers.

Roelof Botha: PayPal's director of corporate development, vice-president of finance, CFO

Roelof Botha
Botha started at PayPal as director of corporate development.Paul Zimmerman/Getty Images for TechCrunch/AOL

Botha went to school to be an actuary. He said he never planned to get into tech, but when he saw the opportunity in Silicon Valley, his intuition told him it was where he needed to be.

He started as PayPal's director of corporate development, went on to become vice-president of finance, and later served as CFO.

Botha is now a partner at venture capital firm Sequoia Capital

Roelof Botha
Botha is a major tech investor.Steve Jennings/Getty Images for TechCrunch

Botha is now considered one of the top tech investors in the world.

Sequoia Capital has has funded tech giants like Apple, Google, YouTube, and Instagram.

Botha as served on the board at more than a dozen companies, including Square, EventBrite, and Weebly, 23andMe, Tumblr, Instagram, and YouTube.

Reid Hoffman: board of directors at PayPal, COO

Reid Hoffman
Hoffman started on PayPal's board of directors.Tony Avelar/AP

LinkedIn cofounder Reid Hoffman served on the board of directors when PayPal was founded.

He eventually joined the company full-time as PayPal's COO. In a New York Times interview, Peter Thiel referred to Hoffman as PayPal's "firefighter in chief," noting that there were many fires that needed putting out in the company's early days.

When PayPal was acquired by eBay, Hoffman was the company's executive vice president.

Hoffman cofounded LinkedIn and is one of Silicon Valley's most prolific angel investors.

reid hoffman
Hoffman cofounded LinkedIn in 2002.Kelly Sullivan/Getty Images

Hoffman was an early investor in Facebook, Flickr, Care.com, and many more. In 2017 he joined the board of Microsoft.

Hoffman has coauthored several books on startups and professional development. He hosts the "Masters of Scale" podcast, on which he interviews founders about how they launched and scaled their companies, and is a partner at VC firm Greylock Partners. He was an early investor in OpenAI and used to serve on its board, and cofounded Inflection AI.