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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Source: CNBC - 🏆 12. / 72 Read more »