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The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
How Much Is Elon Musk Worth After Buying Twitter? Michelle Tompkins. November 3, 2022 at 1:06 PM. ... bringing the richest man in the world’s net worth down to $205.9 billion.
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and X, formerly Twitter (which he has owned since 2022). Since 2025, he has been a senior advisor to President Donald Trump and head of the Department of Government Efficiency (DOGE).
Elon Musk's net worth of $264 billion makes him the world's richest person. His wealth is closely tied to shares of his car company, Tesla. ... Musk also bought Twitter for $44 billion in October ...
In January 2021, Musk, with a net worth of $185 billion, surpassed Amazon founder Jeff Bezos to become the richest person in the world. [16] Bezos reclaimed the top spot the following month. [ 17 ] On September 27, 2021, after Tesla stock surged, Forbes announced that Musk had a net worth of over $200 billion, [ 18 ] and was the richest person ...
The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.
One Year After Elon Musk Bought Twitter, X Monthly Users Are Down 15% and Ad Revenue Has Slumped 54%. ... currently the world’s richest person with an estimated net worth of $220.8 billion, ...
In October 2022, Elon Musk paid $44 billion to buy Twitter – almost certainly an overpayment – and he promptly made significant changes that plunged the company into chaos and sent its ad ...