Please, Please! Don't Ask Elon Musk If He Can Spot You Some Cash


Rather, ask yourselves what you can do to help Mr. Musk during this rough patch. Because the PayPayl and Tesla founder, according to himself, has no money and it thisclose to turning tricks in order to get by.

Mr. Musk is a member of the PayPal Mafia — those serial entrepreneurs who, for a time, looked like the Brat Pack of the Valley. He made a fortune as a co-founder of PayPal, the e-commerce payments system. Not so long ago, he had more than $200 million in cash. Not bad for 38.

Now Mr. Musk, who is in the middle of a divorce, says his account is empty. Actually, less than empty. He says he invested his last cent in his businesses and is living off loans from his wealthy friends. He subsists, according to court filings, on $200,000 a month and still flies his private jet. “About four months ago, I ran out of cash,” Mr. Musk acknowledged in a divorce court filing that was widely circulated among the West Coast digital elite.

Elon Musk, PayPal Pioneer, Is Paper-Rich, Cash-Poor [NYT via Daily Intel]