Elon-Musk

How much is Elon Musk Worth Now After Buying Twitter?

Elon Musk is in talks with the Twitter board of directors about buying the social media network. A agreement might be announced as soon as Monday, according to sources.   According to the New York Times, Twitter and Mr Musk met in the early hours of Monday morning, less than two weeks after the billionaire…

Elon Musk is in talks with the Twitter board of directors about buying the social media network.

A agreement might be announced as soon as Monday, according to sources.

 

According to the New York Times, Twitter and Mr Musk met in the early hours of Monday morning, less than two weeks after the billionaire initially expressed his strong interest.

 

Last week, Mr Musk said that he had acquired $46.5 billion (£36.2 billion) in financing to buy Twitter, putting additional pressure on the company’s board to reach an agreement.

 

A poison pill anti-takeover technique was created by Twitter, which might make a takeover attempt prohibitively expensive. Except for Mr Musk, current shareholders were granted new shares worth twice as much as before.

How much is Elon Musk Worth Now After Buying Twitter?

Musk is the richest guy on the planet right now. Forbes estimates that he is worth $269.7 billion pounds (£212 billion) as of April 14th.

 

He owns 21% of Tesla but has committed more than half of his holdings as loan security. He was a major contributor to the company’s early investment and has served as its CEO since 2008.

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