Elon Musk recoups his spent money by becoming Twitter’s largest shareholder, after earning over 6.36 billion naira in one day

  • Tesla co-founder Elon Musk has now recovered all of his money used to buy Tesla shares in a single day.
  • The richest in the world has earned more than $15.3 billion (6.4 trillion naira) in just 24 hours and his wealth is now more than 23 times that of Dangote
  • Another day of huge gain, Elon Musk will now cross the $300 billion mark as he seeks to become the world’s first billionaire

Elon Musk’s net worth has risen to $288 billion, widening the gap between him and Jeff Bezos, the world’s second richest man.

Bloomberg reports that between 9:30 a.m. and 4 p.m. on Monday, April 4, he gained more than $15.3 billion from a rise in the price of Tesla Inc shares and Twitter shares he bought on Friday last week. .

Legit.ng previously reported how Musk pledged $2.89 billion to buy a 9.2% stake in Twitter, making him the largest shareholder.

Read also

Elon Musk acquires large chunk of Twitter stock, social media company shares rise

Elon Musk, Twitter, Bloomberg, Billionaires
Evolution of Elon Musk’s network in daysCredit: Bloomberg
Source: Twitter

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Since paying $2.9 billion for Twitter shares on Friday, April 1, the value of Musk’s investment has now increased by $36 million.

Twitter’s stock price at the time he bought it was trading at $49.48, Tuesday morning it’s on sale at $49.97.

Elon Musk and the Trump Theory

As Twitter’s largest shareholder, Elon Musk may choose to push to restore former United States President Donald Trump’s Twitter account.

In the days before announcing his acquisition of the social media platform’s shares, Musk had tweeted several times questioning the platform’s free speech rules and wondering if a new platform would form of social media was needed.

Trump supporters challenge Musk

In several tweets, Trump supporters are urging Musk to allow former President Donald Trump to return to Twitter.

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Elon Musk becomes Twitter’s biggest shareholder after teasing he’s planning to launch a social network

“Great job Elon Musk! Now get President Trump back in!” tweeted conservative author Brigitte Gabriel.

Will the new majority shareholder return free speech to Twitter?

Nigerian workers take to Twitter to denounce their ‘awful bosses’

Legit.ng had published an earlier report on how Twitter, one of the popular social media platforms, was abuzz with stories about Nigerian workers’ relationship with their bosses.

Some of the complaints range from poor pay, working conditions and toxic work environment.

The bosses of some companies responded to the call by giving their own version of the events that led to the dismissal of some workers.

Source: Legit.ng


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