On April 14th, Elon Musk announce On Twitter he made an offer to buy the social media platform, and stated that it “needs to go private.”
In a letter to Elon the head of Twitter books: “Twitter has extraordinary potential. I’ll open it up.”
People are shocked by Musk’s offer and many want to know how he makes his money, and exactly how much. Here is everything we know…
What is Elon Musk’s net worth?
Musk is a very wealthy man who boasts a net worth of $268.1 billion at the time of writing, according to Forbes Profile personly.
The CEO of Tesla is the number one ever ForbesList of billionaires for 2022, and in 2021 he took second place in the Forbes 400 list.
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Musk is the founder, CEO, and chief engineer of SpaceX, an aerospace company that designs, manufactures, and launches advanced rockets and spacecraft.
Site States: “SpaceX is working on the next generation of fully reusable launch vehicles that will be the most powerful ever, capable of transporting humans to Mars and other destinations in the solar system.
How Much Is Elon Musk Show?
Musk shared his offer to buy Twitter with his online followers. In a US Securities and Exchange Commission filing, Musk said he offered to buy all of Twitter’s shares for $54.20 per share.
That comes to a total of $41.4 billion (£31.5 billion) based on 763.58 million shares outstanding, according to Refinitiv. Musk stated that this was his “best and last offer,” and made clear that if it was not accepted, he would need to reconsider his shareholder status.
In a letter to Twitter’s president, Brett Taylor, Musk wrote that he invested in Twitter because he believed it could be a “platform for free speech around the world.”
He continued, “However, since I made my investment, I now realize that the company will not thrive and will not serve this societal necessity in its current form. Twitter needs to transform into a private company.”
What do Twitter users think?
1 Twitter user books: “I’m a fan, my friend, but I don’t think having one person Twitter is a good idea.”
Meanwhile, another She said: “Please create a competing platform instead. This is better for freedom of expression and society than for a single platform owned by one person even if that person is the same great man.”
However, others seem to view Musk’s presentation as positive, with one user writing:
“For the better for the world, I hope they will accept this. The impact on all other social media platforms will be enormous. All algorithms will have to adapt to true freedom of expression.”
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