 In August 2004 Wales was chief executive officer of Bomis , and on September 20 Wikipedia reached the million @-@ article mark on an expenditure of $ 500 @,@ 000 ( most directly from Wales ) . In November 2004 he told the St. Petersburg Times he no longer controlled Bomis ' day @-@ to @-@ day operations , but retained ownership as a shareholder . In 2005 , Tim Shell was CEO of Bomis and one of the board members overseeing Wikipedia . Shell remained CEO of Bomis in 2006 , becoming vice @-@ president of the Wikimedia Foundation and continuing to serve on its board . Bomis co @-@ founder Michael Davis became treasurer of the Wikimedia Foundation that year . Wales told The Sydney Morning Herald in 2007 that although he retained partial ownership of Bomis , " It 's pretty much dead . " According to the Internet Archive , the Bomis website was last accessible with content in 2010 ; when accessed in 2013 by the archive , it had a welcome message for <unk> . 
