The CEO of Tesla, Elon Musk, is one of the executives who participates the most in Twitter, and thanks to new information left to us from Reuters we have been able to know that his interest in the well-known social network is not only personal, it is also economic, since the well-known billionaire has in his possession 9.2% of the total shares of said company.
If we turn that percentage into a number, we find that Elon Musk has about 73.5 million shares of Twitter, which gives a value of $2.9 billion. This valuation has been obtained based on the unit price per share that the company registered last Friday, which means that it is up to date.
During all the years that Elon Musk has been on Twitter, he has accumulated a whopping 80 million followersand has used said social network to make important announcementsand also for movements that generated some controversy, such as suggesting that Tesla could be privatized, something that in the end could be very expensive, since it was the subject of an investigation.
After hearing the news that Elon Musk has shares in Twitter, the value of these soared and grew by 26%. It is clear that, for better or worse, the presence of Elon Musk leaves no one indifferent. We have already seen what happened after the support that the tycoon gave to some cryptocurrencies, such as Dogecoin, which ended up skyrocketing and their values reached unimaginable figures, especially considering that it was born from a meme.
Elon Musk amassed his enormous fortune after the creation, and subsequent sale, of PayPal. With the money he got, he decided to venture into the creation of SpaceX and Tesla. The first is dedicated to manufacturing and aerospace transport, and the second to the world of electric and intelligent automobiles. Later, Musk founded two important companies, Neuralink, focused on research and neurotechnology, and The Boring Company, which is mainly dedicated to drilling and the world of infrastructure. There is no doubt that the billionaire has been able to move his capital and diversify his business areas.