Elon Musk adds $1B to fortune with Twitter investment as shares soar

The investment also boosted the net worth of former Twitter CEO Jack Dorsey, who holds a 2.25% stake in the company, a position that is almost $200 million more valuable after Musk revealed his purchase.Musk's purchase comes about a flurry of criticism aimed at Twitter, which he has accused of stifling free speech.

"Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!" Musk said in a tweet. Although the new holdings make Musk the largest shareholder of the social media company, the bulk of his wealth is tied to shares and options in Tesla. Musk controls about 17% of the electric-vehicle maker, according to SEC filings. Tesla shares have surged in value in recent years, propelling the eccentric CEO to the top of a list of the world's wealthiest people. Musk is worth an estimated $288 billion, according to the Bloomberg Billionaires Index.

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Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media companyTesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed. Killed children under the age of 10 with signs of rape and torture were found in Bucha and Irpen. CHILDREN. RELATED. ROLLED OUT. KILLED. RussiaWarCrimes RussianRapists RussiaKillsCivilians stopgenocideinUkraine RussianTerrorism elonmusk if this results in trump coming back to twitter, will not ever buy a elon product Why just 9%. Take over completely.
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