Wondering about the net worth of eBay? Well, check out here eBay’s’ net worth, important milestones, source of income, market capitalization and a lot more below.
eBay is a US based multinational e-commerce firm operating from San Jose, California. eBay’s robust online platform facilitates business to consumer and consumer to consumer sales.
Pierre Omidyar founded eBay in 1995 and eBay’s remarkable success is ascribed to the dot-com bubble. eBay is a multi-billion dollar business operating in over 32 countries.
eBay is an online shopping and auctioning platform where businesses and people sell and buy a wide range of goods and services around the globe.
eBay is free to use for buyers and only sellers need to pay for listing their items following a given number of free listings. eBay also charges a service fee when the items are sold.
In addition to facilitating auction style selling, eBay also offers other kinds of services like instant shopping called “Buy It Now”, shopping with ISBN, Universal Product Code or SKU number, or other kinds of services.
Earlier, eBay also offered online money transfer services through PayPal, which was eBay’s subsidiary from 2002 to 2015.
How much is the net worth of eBay?
eBay’s current net worth is $37.18 billion. eBay is a US based multinational e-commerce firm operating from San Jose, California. Iranian American entrepreneur Pierre Omidyar is the founder of eBay
The global commerce leader works in three modes namely Marketplace, Classified platforms and StubHub. On the whole, eBay creates different avenues to link millions of sellers and buyers from around the globe.
The various technologies and services of eBay make it possible for the worldwide sellers to organize their offerings and put their inventory for sale.
On the other hand, it helps buyers find the products and services anytime they want and virtually from anywhere.
The different eBay platforms are the eBay official website, its local versions and the suite of eBay mobile apps. eBay’s platforms are the largest and the most active marketplaces to discover unique selection and the best value.
StubHub mobile apps and Ticketbis connect fans worldwide with their favorite sports events, artists and shows letting them buy or sell tickets from wherever and whenever they want.
eBay Net Worth Quick Summary
|Company Name||eBay Inc.|
|Earlier Name||AuctionWeb (1995–1997)|
|Head Quarters||San Jose, California, USA|
|Date of Founding||September 3, 1995|
|Number of Employees||More than 13,000|
|Trade Names||Nasdaq: EBAYNASDAQ-100 ComponentS&P 500 Component|
|Important People||Thomas J. Tierney (chairman)Jamie Iannone (president & CEO)|
|Principal Services Offered||Online selling and buying|
|Net Worth in February 2022||$37.18 billion|
|Subsidiary Units||Auction Co., iBazar, GittiGidiyor, G-Market, Half.com, Qoo10.jp|
eBay’s Net Worth
eBay net worth in February 2022 is estimated at $37.18 billion. This value is obtained by the current eBay share price multiplied by the number of outstanding shares.
In 2017, eBay reported its highest gross income in the last five years at $10.7 billion. The highest grossing net income for the last five years was reported in 2016 at $7.29 billion. In 2017-18, eBay generated a revenue of more than $10 billion.
Today, eBay is a multimillion dollar firm enjoying a massive global capacity and reach. The net income of eBay is estimated at around $1,792 billion. In addition, eBay holds equity worth $2.87 billion with its total assets in 2022 valued at $20 billion. These numbers can tell us how big eBay is.
eBay has employed over 35,000 people and operates in more than 32 countries of the world. eBay is the pioneer in showing the world that goods and services can be purchased online and it is easier to buy them online than from the physical stores.
eBay has accomplished some of the biggest acquisitions in history like FlipKart and Paytm Mall. Over its history, this online selling platform has built upon its wonderful features by banking on the latest developing technology.
Growth History of eBay
Pierre Omidyar, the Iranian-American computer programmer founded The AuctionWeb on September 3, 1995, when he confronted the need for a larger personal site.
The first item that he could sell on AuctionWeb was a damaged laser pointer which fetched him $14.83. Surprised by this sale, Omidyar approached the bidder if he had known that the laser pointer was broken to which the buyer said he was a collector of broken laser pointers.
Very soon, AuctionWeb became the first auction site in the world facilitating customer-to-customer transactions, and thus it grew in popularity.
For Omidyar, eBay was just a hobby till the Internet Service Provider said he would have to upgrade the site to a business account as it was inviting a huge website traffic.
As Omidyar had to now pay a monthly price of $250 upped from $30, he had to begin charging the eBay users, who readily accepted. Omidyar employed Chris Agarpao, the first additional staff for eBay whose role was to check the payments that were mailed.
In 1996, Jeffrey Skoll was inducted as the firm’s first new president. In November 1996, the E-Commerce platform finalized its first third-party licensing agreement with the firm Electronic Travel Auction, for using its SmartMarket Technology for selling travel related products and tickets.
The total number of auctions numbering 250,000 during the whole year in 1996 swelled to 200,000 in January 1997 alone.
In September 1997, the firm changed its name from AuctionWeb to eBay. Benchmark, a venture capital firm, funded eBay with $6.7 million in 1997.
In the same year, a story was fabricated that eBay was created in order to promote the pet candy dispenser trade of Omidyar’s fiancée, which resulted in an explosive growth of the platform among toy collectors.
From selling toy categories, eBay started selling the toys ofBeanie Babies toys of Ty, Inc., which were in huge demand in the physical market. In 1997, Beanie Babies toys made up 10% of the total sales on eBay.
The expansion of product categories demanded a more organized and efficient online store system. In 1998, the board hired Meg Whitman as the President and CEO of eBay and the firm had around 30 employees, around half a million subscribed users and $4.7 million in revenue in the US.
eBay went public on September 21, 1998, making Omidyar and Skoll millionaires overnight. The price per share went up to $53.50 on the very first day of trading, far exceeding eBay’s target of just $18 per share.
With the growth of business, eBay product categories started including anything and everything that could be sold. In 2000, there was an inventory of 4.5 million items on eBay and the registered users numbered over 12 million.
In 2001, the user base of eBay was the largest in the industry. In February 2002, eBay bought iBazar and then acquired PayPal on October 3, 2002.
In 2008, eBay was selling worldwide with hundreds of millions of users and 15,000 employees with the revenue exceeding over $7.7 billion.
Whitman stepped down as chairman and John Donahoe took over his position on March 31, 2008. In 2009, eBay sold Skype in a $2.75 billion deal while retaining 30% of its stake in the company.
On July 18, 2015, eBay made PayPal a public enterprise. In 2017, eBay signed a partnership deal with Flipkart acquiring 5.44% stake in the firm in exchange for eBay India business with the deal worth $211 million and a cash investment of $514 million.
Flipkart started using eBay’s platform for outsourcing globally. Jamie Iannone became eBay’s CEO on April 27, 2020. On June 25, Adevinta acquired eBay Classifieds Group.
eBay’s Achievements and Awards
In 2008 and 2009, eBay got listed among top 100 best companies to work for. eBay was the first internet company to bag the National medal of technology and Innovation for its outstanding contribution to the global entrepreneurial scene. Webby Awards honored eBay with the lifetime achievement Award in 2007.
EBay was listed #323 among the largest Public Companies of America in 2018. In 2018, the firm was listed at #292 for Best Employers For Women. In 2018, eBay secured 96th place among the list of Top Regarded Companies.
The firm ranked in the 68th position among Just Companies 2019. The firm was listed among Top 100 Digital Companies of 2019 in the 65th place. In 2020, the company was placed in the 65th place among the World’s Most Valuable Brands.
eBay was in the 46th place among America’s Best Employers By State 2020 and America’s Best Employers 2021. In 2021, eBay secured the 203rd position for Best Employers for Diversity and #476 among the Global 2000 2021.
It scored the 60th position for World’s Best Employers 2021 and the 11th place for Green Growth Companies 2021.
Pierre Omidyar, eBay Founder’s Net Worth
Iranian American entrepreneur Pierre Omidyar is the founder of eBay. A renowned businessman and philanthropist, Omidyar has earned a huge wealth from eBay.
He became a billionaire overnight when eBay went public in September 1998. Omidyar is the richest man in Hawaii. When Omidyar was 28, he wrote the computer code and founded “Auction Web”.
What started as a hobby and an informative site on ebola virus eventually became eBay, multiplying its products categories, expanding over geographies, and inviting many investors.
When eBay went public on September 21, 1998, the shares sold for a phenomenally high price, instantly multiplying Omidyar’s fortune. In 2022, Omidyar’s net worth is estimated at $24 billion.
Omidyar is also a famous philanthropist, who has started “Omidyar Network”, a charity organization. The mission of this network is to harness the power of markets to make opportunities that would improve people’s lives.
Since its inception, the foundation has donated billions of dollars for several charity works. Omidyar gave away around $500 million to different charitable causes in 2019 alone.
In 2018, he too founded The Luminate Group, which is helping around 350 organizations do different charity works in 17 different countries.