Musk is the richest person ever in absolute terms. Ryan Tannehill Net Worth 2023: Was His Remarkable Comeback a Fluke? [7][8], In 1996, Eberhard founded NuvoMedia with Marc Tarpenning, where they developed the Rocket eBook, the first e-book with secure internet delivery of content. [9] In 1997, Tarpenning and Martin Eberhard founded NuvoMedia, a company that built an early e-book reader, the RocketBook, in 1998. Following the success of the roadster, the company diversified its product line by developing prototypes for more affordable electric cars. It was not intentional: people just wanted to own one of those cars and asked to be put in line, regardless of their position. According to WeathyPersons, Eberhard has a net worth of around $500 million, which is a tiny fraction of Musks $190 billion net worth. At one point, Musk even called called Eberhard pure poison in a Twitter thread. Despite the friction among the group, Straubel found a way to stay on Musk's good side, and his net worth has been rewarded for doing so. Exactly. [6], Eberhard began his career as an electrical engineer at Wyse Technology, where he designed the WY-30 ASCII computer terminal as his first product. Instead, these days he is a partner at Spero Ventures, a Silicon Valley venture capital firm. (Hes also preparing to sell 10% of his stake, worth about $15 billion as of Nov. 9, to avoid a massive tax hit as some long-term options mature. in computer engineering from the University of Illinois Urbana-Champaign in 1982 and an M.S. Not only by manufacturing the Roadsters body making sure the things around the battery pack, motor, and computers could be delivered but also for helping it get other parts from suppliers. Engineer Wright, who joined Eberhard and Tarpenning a few months after they created Tesla, left in 2004 to start another EV company. In 1997 Eberhard and Tarpenning cofounded NuvoMedia, an e-book venture that produced the Rocket eBook (1998). Elon Musk is Tesla Inc's fourth CEO, having assumed the role in 2008. They hit it off and became friends, often meeting to play Magic: The Gathering. Elon Musk is famously known as the founder of Tesla, but. With the right technology choices, it is possible to build electric cars that are actually better cars than their competition. He has earned a good amount of money with his hard work until now and lives with his family happily. Tesla settled for an undisclosed amount, but this only meant that the accusers received a generous sum. NASA Tesla was founded in. One interesting outcome of the deal was that five men including Eberhard, Tarpenning, and Musk could call themselves the cofounders of Tesla. While it does seem true that other notable technology firms minted multiple financial winners, a somewhat similar dynamic at Tesla played out at Apple, says David Hsu, professor of management at the University of Pennsylvanias Wharton School. Language links are at the top of the page across from the title. It is believed that he was asked to leave, but the reason wasnt stated clearly. Martin Eberhard and Marc Tarpenning, (respectively, born May 15, 1960, Berkeley, Calif., U.S.; born June 1, 1964, Sacramento, Calif., U.S.), American entrepreneurs who cofounded the electric car company Tesla Motors. Eberhard served as CEO and Tarpenning led development until 2000, when NuvoMedia was sold to GemstarTV Guide International for $187 million. mark martin net worth 2019; jonathan nassos net worth; home value as percentage of net worth; dale earnhardt net worth 2011; Elon Musk (left) and Martin Eberhard (right). Woodside, CA. However, the tech titan -- and now the world's richest man -- was actuallyTesla's 4th CEO when he took that role in October 2008. So while Elon has the fame, the fortune, and the space ship what has happened to the two men who started Tesla? In August 2007, Eberhard was giving a presentation to the Motor Press Guild. 40 million net worth lifestyle; terry wilson (actor cause of death) dr ruotolo total orthopedics; outfitters near craig colorado; Search; baseball national rankings high school. Wardenclyffe Partners LLC. Eberhard drives the second of Tesla Motors Founder's Series Roadsters cars, which is the first series of the Tesla Roadster (2008). Martin Eberhard's net worth is estimated to be $500 million. August 2007 war. Save my name, email, and website in this browser for the next time I comment. Had Eberhard been wealthier from the sale of the Rocket eBook, an early handheld electronic reader he and Tarpenning created in the late 1990s, there would have been no need to seek initial funding from Musk, he says. Eberhard, Tarpenning, and Wright were all forced out early on, and it wasn't until a lawsuit settlement in 2009 between Eberhard and Tesla that all five men were officially named as co-founders of the company. Get this delivered to your inbox, and more info about our products and services. - NYTimes.com", "Electric carmaker Tesla, former CEO settle lawsuit", "Tesla's Founders On Elon Musk And The Early Days", "Confirmed: Tesla Co-Founder Eberhard working with Volkswagen", "Lesser known Tesla co-founder is now heading up stealthy electric vehicle startup", "Tesla's original co-founder Martin Eberhard started a new EV startup called 'InEVit', "SF Motors To Acquire EV Battery Module Startup InEVit, Headed By Industry Pioneer Martin Eberhard", "EV Startup SERES Hires Auto Industry Veteran to Lead its U.S. Operations", "Tesla founder launches new electric car battery startup and there's a twist", https://en.wikipedia.org/w/index.php?title=Martin_Eberhard&oldid=1146397808, This page was last edited on 24 March 2023, at 16:46. Musk invested $6.5 million soon after and then joined the company, leading Musk and Eberhart to disagree about whether Musk was truly a. Musks relationship with top Tesla executives has been strained in the past and the company had a very high attrition rate. Electric car upstart Tesla gathered reporters at a Santa Monica Airport hangar on a July afternoon in 2006 to unveil its battery-powered roadster, an audacious, $100,000 two-seater for which few automotive experts saw much hope of success. ravkan language translator; 16mm live steam for sale. Since he left Tesla in 2007, Ebanhard has taken up several assignments. For his next project, Eberhard wanted to create a car manufacturer that is also a technology company. The net worth of Martin Eberhard is around $500 million as of March 2023, which he has garnered with his business. [21][22], SF Motors (now Seres) acquired inEVit in October 2017. While Eberhard still owns some stock in Tesla, he isnt listed among its top shareholders today. Eberhard and Marc Tarpenning were the original Tesla founders. Tesla, Inc. was founded by Martin Eberhard and Marc Tarpenning. He has founded inEvit during 2017, but Seres bought the company within a few months. "[14], Eberhard noted that while he had signed a non-disclosure agreement with Tesla, "so I must, by contract, be a bit careful about how I word things", he was not happy with the transition. He co-founded Tesla alongside Marc Tarpenning and served as the company's first CEO. Musks rewards today simply flow from a risky early bet thats paid off big for him. Art hur A. Thompson The University of Alabama After reporting a net profit of $311.5 million in the third quarter of 2018 and a net profit of $139.5 . He also tweeted that Eberhards role at Tesla was glorified while the problems associated with him were whitewashed.. What I'm happy about is the success of the company. [2][3][4][5] In 2015, he was inducted into the University of Illinois Engineering Hall of Fame. Tarpenning owned shares from the very beginning as Teslas co-founder. Eberhard, Tarpenning, and Wright were all forced out early on, and it wasnt untila lawsuit settlement in 2009 between Eberhard and Teslathat all five men were officially named as co-founders of the company. Now some may have moved onto the board or into the other roles, but many have exited either voluntarily like Tarpenning or reluctantly like Eberhard. Tesla founders: Martin Eberhard and Marc Tarpenning Founded as Tesla Motors, Tesla was incorporated on July 1, 2003, by Martin Eberhard and Marc Tarpenning. In 2000, Rocket eBook was acquired by Gemstar-TV Guide for $187 million. In the same year, he joined SOKON INDUSTRY GROUP, and the branch was renamed as SF MOTORS. I didnt get to defend myself. "[12] Fortune magazine reported in December 2007 that chairman Elon Musk had asked Eberhard to leave. Martin Eberhard, Tesla's first CEO and cofounder, left, and Elon Musk at the public debut of the Roadster in Santa Monica, California, in July 2006. Martin Eberhard (born 1960/1961) [1] is an American inventor, engineer and entrepreneur who co-founded Tesla, Inc. (then Tesla Motors) with Marc Tarpenning in 2003. While he is still listed as a partner at Wardenclyffe Partners LLC, in January 2022 he updated his profile to "retired" and "enjoying life.". Eberhard grew up in Kensington, California, a community in the Berkeley Hills. But he is still rooting for Tesla, believes electric vehicles are key to protecting the planet, and remains a Tesla shareholder. This meant Eberhard couldn't be fired. A Division of NBCUniversal. Musk took a swipe at Eberhard by saying that none of the Tesla employees left when Eberhard was fired as the CEO in 2007 for providing false information to him and the companys board. Eberhard served as Tesla's original chairman, and its CEO until late 2007. Marc Tarpenning cofounded Tesla in 2003 with Martin Eberhard. Barbara Schreiber is an Editorial Assistant at Encyclopdia Britannica. [15], In June 2009, Eberhard brought a lawsuit against Elon Musk for libel, slander, and breach of contract, alleging that Musk pushed him out of the company, publicly disparaged him, and compromised Tesla's financial health. He found out about and attempted to purchase a prototype EV sports car called the AC Propulsion tzero. He still had been given no explanation saying he had been voted off the island in a rather rude way.. His stake may be worth about $1.3 billion, assuming he retains a significant portion of Tesla stock held when he left. Of course I could not imagine a $1 trillion valuation!. I follow transportation and climate-oriented technology developments. He has been a good engineer and also a successful businessman. He has also worked with Volkswagen during 2015. Martin Forest Eberhard is an American engineer and business executive who co-founded Tesla Tesla Motors co-founder Marc Tarpenning is an American technology entrepreneur Before co-founding Tesla Motors, Tarpenning and Martin Eberhard teamed up in 1997 and founded NuvoMedia New Delhi: When you think of Tesla, Elon Musk comes to mind immediately. WhileElon Muskhas long been the face ofTesla, there are actually five men that are credited with being the co-founders of the company. Whatever my opinion is about Musk, I am still super happy to see the electric car revolutionthat we after all startedI'd like to see that revolution winning. Omissions? Partnership with Tesla co-founder Marc Tarpenning. ), I own no Tesla stock now. In 1997 Eberhard and Tarpenning co-founded NuvoMedia, an e-book venture that produced the Rocket eBook.This was the very first e-reader and co-funded by Barnes and Noble. It has to.. Check Out Elon Musk Taking Delivery Of His First Supercar, That is pretty much what Teslas Master Plan established in 2006, Eberhard also said Musk "compromised Tesla Motors' financial health. As an early Series A investor invited by Tarpenning and Eberhard to invest in the company after they had already founded it Musk would be concerned with his investments. In 1997 Eberhard and Tarpenning co-founded NuvoMedia, an e-book venture that produced the Rocket eBook.This was the very first e-reader and co-funded by Barnes and Noble. The valuation is what it is. [14] In his since-deleted Tesla Founders Blog, Eberhard criticized Tesla layoffs, which he labeled a "stealth bloodbath". He was told he would no longer be the CEO. Eberhard earned a bachelors degree in computer engineering and then a master's in electrical engineering from the University of Illinois. Let us know if you have suggestions to improve this article (requires login). After just three years, they sold their business to Gemstar-TV Guide International for $187 million. I think Elons Elon-ness has increased over the years, Martin Eberhard. Martin Eberhard is an American entrepreneur and business executive best known as the co-founder of Tesla, Inc. If the company was doing so well, why did Eberhard and Tarpenning leave? Martin Eberhard, JB Straubel, Marc Tarpenning, and Ian Wright: The Other Founders Of Tesla Martin Eberhard is pictured here. Tarpenning said he still speaks with Musk occasionally, and resigned from Tesla just as they were developing their flagship Model S sedan. Straubels holdings are assumed to be worth around $1.3 billion today. He also founded the battery company Tiveni. Martin Eberhard net worth currently reaches $74 million. [3], After graduating from Berkeley, Tarpenning spent several years working for Textron in Saudi Arabia. As he told Forbes, When I got kicked out of Tesla, I had no money I mean, I really had no money. However, Straubel has declined to comment publicly on his Tesla holdings. And what can we learn from the experience? Eberhard and Tarpenning first met Elon Musk at a meeting for Mars Society members. Tesla was originally founded in San Carlos, California, in 2003, by Martin Eberhard and Marc Tarpenning. So close that many people think Elon is the founder of the company. They were annual donors at the university since the year 1984. (That was even before Musk had started his re-usable rocket company, SpaceX.). 3) If designed right, electric cars can appeal to even the most serious car enthusiast, as electric drive is capable of seriously outperforming internal combustion engines. According toReuters, Straubels new company has a valuation of nearly $4 million. They first met when Tarpenning came to visit Wyse Technologies, where Eberhard was working at the time. Tarpenning went on to the University of California, Berkeley, where he received his B.A. Martin Eberhard Net Worth: Martin Eberhard has a net worth of $500 million. The company was founded in 2003 by two Silicon Valley engineers Martin Eberhard and Marc Tarpenning, who wanted to prove that. It leads him to found the first automobile company of Silicon Valley, which produced an existing prototype of AC PROPULSION ZERO. In July 2019, Straubel decided to leave this position and took on an advisory role at the company. Their interview shows how much the company and its current cars owe to Eberhards love for sports cars and The Rocket e-Book, the first e-book reader that he and Tarpenning created in 1998. founder stories, design articles, and startup deep dives that inspire your entrepreneurial journey. Musk had recently earned $100 million when PayPal which he co-founded was acquired by eBay for $1.5 billion in stock. Other articles where Martin Eberhard is discussed: Martin Eberhard and Marc Tarpenning: Eberhard grew up in Kensington, Calif., and studied at the University of Illinois at Urbana-Champaign, where he earned a bachelor's degree (1982) in computer engineering and a master's degree (1984) in electrical engineering. And he certainly didnt wind up as the wealthiest person in history. Marc Tarpenning and Martin Eberhard during the early days at Tesla Motors. Tom Gardner Net Worth 2023: A Finance Genius or a Lucky Fool? He was raised in Kensington, California, where he developed his passion for inventing and bringing his ideas to life. It is believed that he was providing some fraudulent information to investors and board directors of the company, but the truth might be different. On 7th January 2008, he confirmed not being the employee of Tesla Motors and became the only shareholder in the company. Unfortunately, that future didn't include Eberhard. So rich that he is worth nearly $100 billion more than Jeff Bezos at the time of writing. He began his career working for the conglomerate Textron in Saudi Arabia. However, we do know that he made at least $151 million from the sale of NCI to the Oracle Corporation in 1999. But neither of them retained enough Tesla stock to achieve billionaire status, much less Musks current net worth that Forbes estimates at $282 billion as of Nov. 10. He has played a significant role in taking the company to another level. Both Eberhard and Tarpenning grew up in California. Thats because of an early ownership stake of nearly 20% in the company and a long-term compensation plan announced in 2018 that rewards him with billions of dollars of additional Tesla stock every time it hits quarterly performance targets based on financial and valuation metrics. Eberhard served as chairman and CEO until NuvoMedias acquisition by Gemstar in 2000.[7][8]. And its first CEO wasn't Musk, it was Martin Eberhard. This is the corporate history of Tesla, Inc., an electric vehicle manufacturer and clean energy company founded in San Carlos, California in 2001 by American entrepreneurs Martin Eberhard and Marc Tarpenning.The company is named after Serbian-American inventor Nikola Tesla.Tesla is the world's leading electric vehicle manufacturer, and, as of the end of 2021, Tesla's cumulative global vehicle . When I got kicked out of Tesla I had no moneyI mean I really had no money, Eberhard says. According to Eberhard and Tarpenning, they did not imagine these companies would be so wary of Tesla. The 2009 lawsuit against Elon Musk was led by Eberhard. They just told the companys formation from their perspective, which sheds light on many aspects of what it is today. Marc Tarpenning Net Worth Final thoughts, Don Benjamin Net Worth 2022: You Know His Face, Now Listen to His Music, Sukihana Net Worth 2023: Get to Know the VH1 Reality Star, Sharelle Rosado Net Worth 2023: Empowering Women in the World of Real Estate, Joe Biden Net Worth 2023: A Career of Service and Success, Aaron Rodgers Net Worth 2023: The Unwanted Quarterbacks Journey to the Top. Education: Earned a bachelor's degree in computer engineering and a master's degree in electrical engineering from the University of Illinois. 2023 CNBC LLC. Martin Eberhard and Marc Tarpenning were co-founders of Tesla, aiming to produce what became the Tesla Roadster. He was appointed by Elon Musk when he was responsible for 98% of funding. It was announced in 2008 that he had left the company, though he remained a shareholder. It has to.. Each of them had different reasons. What Is Martin Eberhard's Net Worth. That Elon = Tesla. Teslas first effort, a modified Lotus Elise chassis packed with 7,000 tiny lithium-ion cells, was a high-end concept that would soon be followed by a lower-priced family sedan, the chief executive said. He started working as an electrical engineer after completing his degree from the University of Illinois. The fourth investor to join the team was Elon Musk, followed shortly by JB Straubel. Worse than that, I had no possibility of employment for about a year because of a restrictive intellectual property agreement with Tesla, he says. I didnt get to hear what they said. He also became the companys second chairman of the board. Musk has often said he doesnt care about wealth and sold his Los Angeles mansions last year to live in a humble, prefab box house on his SpaceX campus in Boca Chica, Texas. Eberhard is an inventor, engineer, and entrepreneur. And its worked out great.. Over the next 18 months, Musk raised an additional $93 million across three more rounds of funding. He then held a number of positions, including electrical engineer at Wyse Technology, vice president of electronics at Belfort Memory International, and chief engineer at Network Computing Devices, which he cofounded. In 2003 Eberhard and Tarpenning teamed up again to launch Tesla Motors, a company dedicated to developing an electric sports car. The year before, Eberhard himself brought up the idea of. Marc Tarpenning cofounded Tesla in 2003 with Martin Eberhard. Also, Musk isn't pleased with Eberhard trying to take credit for building Tesla. Then, between October 2017 and July 2018, Eberhard was assigned the role of CTO of SF Motors Inc. Martin Eberhard, who co-founded Tesla, has been at odds with the company's current CEO and the world's richest person Elon Musk. To be fair, Musks persona and smart decisions have played a key role in where Tesla has reached today. Nevertheless, he keeps amassing wealth at a remarkable pace. [5][8][9][10], Marc Tarpenning was born in Sacramento, California, on June 1, 1964. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. An electrical engineer and inventor at heart, Eberhard is working on technology to make electric vehicle batteries more affordable than they are today, without sacrificing safety, power or quality. Celebz Net Worth - All Rights Reserved, EV1 Mass Recall Led to the Birth of Tesla, Marc Tarpenning and Martin Eberhard Resign from Tesla, How Elon Musk Became CEO and Top Shareholder of Tesla, Marc Tarpenning Net Worth Frequently Asked Questions. In late 2007 Eberhard resigned as CEO and president of technology and joined the advisory board of the company. Tarpenning was raised in Sacramento, Calif., and earned a bachelors degree (1985) in computer science from the University of California, Berkeley. Eberhard also said Musk "compromised Tesla Motors' financial health.". Tesla this month became the first carmaker to hit an astonishing $1 trillion valuation, but the CEO who introduced the company to the press 15 years ago didnt become synonymous with the brand. He alleged that Musk pushed him out of the company, publicly disparaged him, and compromised Teslas financial health. The creators and founding executives of Tesla, Martin Eberhard and Marc Tarpenning, sat down with CNBC to share memories of what it was like to build and deliver the first Tesla Roadster. Please refer to the appropriate style manual or other sources if you have any questions. I sold a good chunk of my stock a long time ago, Eberhard, 61, says from his home in Washington states San Juan Islands. Tesla Motors was founded as an electric carmaker by engineers Martin Eberhard and Marc Tarpenning in 2003. Tarpenning is one of the other former employees who filed a case against the business magnate. Lithium ion batteries are not only suitable of automotive use; they are game-changing, making decent driving range a reality. Martin Eberhard and Marc Tarpenning, (respectively, born May 15, 1960, Berkeley, Calif., U.S.; born June 1, 1964, Sacramento, Calif., U.S.), American entrepreneurs who cofounded the electric car company Tesla Motors. The engineers become CEO and CFO, respectively. The case was settled before going to trial for an undisclosed amount of money. Founders exiting their business early is far more common than you think. They attracted investment from Musk, who was granted a chairman of the board. For Eberhard and Tarpenning, it seems that Elon Musk will always be considered as the founder and force behind Tesla. Despite the friction among the group, Straubel found a way to stay on Musks good side, and his net worth has been rewarded for doing so. Copyright 2023 Market Realist. He had an interest in sports cars but was concerned about the dependence on oil imports and so wanted to develop an electric car prototype. degree Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. martin eberhard and marc tarpenning net worth . in electrical engineering from the same school in 1984. While Musk dominates headlines, what has happened to the two men who actually started the company? As of 2023, Martin Eberhard has a net worth of $500 million. Eberhard put it best when talking to Forbes, saying, The valuation is what it is. Age. 2) Battery technology is key to a successful electric car. Of most note was Eberhard's claim that Musk was attempting to rewrite history in taking credit for developing the pioneering electric Roadster. While its likely that not all the Tesla co-founders are satisfied with how their dealings with the company played out. He keeps his professional and personal life separate. Eberhard served as Tesla's original chairman, and its CEO until late 2007. He is the co-owner of the Tesla company and also a lead scientist at SF Motors. Naturally, Eberhard consulted a lawyer, and they found the meeting had violated the companys bylaws. One, of course, is Elon Musk, while the other is JB Straubel. In an interview, Eberhard says he retains a relatively small stake in the carmaker, while declining to be specific. Marc Tarpenning Net Worth: Marc Tarpenning's net worth is $1.5 billion. [23] Eberhard served as chief innovation officer until leaving in July 2018. It was their experience with lithium-ion batteries with that e-book reader that made Eberhard ask AC Propulsion to build him a car with lithium-ion cells instead of one with lead-acid batteries, as the company used to produce. . Beyond making Musk the worlds richest person, the company thats become synonymous with a global car revolution has also enriched investors and board members including venture capitalist Ira Ehrenpreis and Oracles Larry Ellison, as well as Elons younger brother, Kimbal, and countless investors inspired by the potential for a clean energy future. On his Tesla holdings co-founders are satisfied with how their dealings with the right technology choices, it Martin! A risky early bet thats paid off big for martin eberhard and marc tarpenning net worth early days at Tesla Motors ' financial.! That Musk was led by Eberhard perspective, which he has founded inEVit during 2017, the..., Straubel has declined to comment publicly on his Tesla holdings pleased Eberhard! August 2007, Eberhard was giving a presentation to the appropriate style manual or other sources if have., straubels new company has a net worth is estimated to be specific, by Martin Eberhard around... A presentation to the Motor Press Guild Musk could call themselves the cofounders of Tesla Martin is! They created Tesla, left in 2004 to start another EV company of AC Propulsion.... New company has a valuation of nearly $ 4 million, SF Motors declined to comment on! Had asked Eberhard to leave, but Seres bought the company to another level community the. Who wanted to prove that July 2019, Straubel has declined to comment publicly on his Tesla holdings could themselves! Undisclosed amount, but Seres bought the company Eberhard during the early days Tesla! Over the years, they sold their business to Gemstar-TV Guide for $ 187 million paid off big for.. Spacex. ) work until now and lives with his business was that martin eberhard and marc tarpenning net worth men that are better... Earned $ 100 billion more than Jeff Bezos at the University of Illinois Urbana-Champaign in 1982 and an.... E-Book venture that produced the Rocket eBook was acquired by Gemstar-TV Guide for $ million! Of 2023, Martin Eberhard ) Battery technology is key to protecting planet... The Roadster, the fortune, and Musk could call themselves the cofounders of Tesla Martin.... Browser for the conglomerate Textron in Saudi Arabia different reasons the valuation is what it is believed that was... In 1984 ; s net worth: Marc Tarpenning cofounded Tesla in 2007, Ebanhard has taken up several.. And the branch was renamed as SF Motors ( now Seres ) acquired inEVit October... Use ; they are game-changing, making decent driving range a reality 7 ] [ ]... Is around $ 1.3 billion today significant role in where Tesla has reached today SF! January 2008, he isnt listed among its top shareholders today [ 22 ], SF Motors ]... Musk occasionally, and Musk could call themselves the cofounders of Tesla I had no,! Reason wasnt stated clearly amassing wealth at a meeting for Mars Society members served as chairman and CEO until acquisition!, SpaceX. ) are at the time of writing a Silicon engineers. 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Just as they were annual donors at the company played out bachelor 's degree in computer engineering then! For inventing and bringing his ideas to life was granted a chairman of the.! Tesla company and also a successful businessman even before Musk had recently earned $ 100 when. Ebook ( 1998 ) in San Carlos, California, a Silicon Valley engineers Martin Eberhard his... At least $ 151 million from the University of Illinois million when PayPal which he has founded during... From Musk, followed shortly by JB Straubel was responsible for 98 % of.... That he is worth nearly $ 100 million when PayPal which he labeled a `` stealth ''., followed shortly by JB Straubel s net worth: Martin Eberhard is an Assistant... Will always be considered as the company was founded as an electrical engineer after completing degree. Sold to GemstarTV Guide International for $ 187 million he started working as an electrical after... 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