Elon Musk Recoups his Money Spent in Becoming Twitter Largest Shareholder, After Making over N6.36trn In A Day

Elon Musk Recoups his Money Spent in Becoming Twitter Largest Shareholder, After Making over N6.36trn In A Day

  • Tesla's co-founder, Elon Musk, has now recouped all his money use to buy the shares of Tesla in a single day
  • The world's richest made over $15.3 billion(N6.4 trillion) in just 24 hours to grow his wealth over 23 times the worth of Aliko Dangote
  • Another day of huge gain, Elon Musk could cross the $300 billion mark, as he looks to become the world's first trillionaire

Elon Musk's net worth has increased 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 made over $15.3 billion thanks to a rise in the price of Tesla Inc shares and Twitter shares he had purchased on Friday last week.

Legit.ng had earlier reported how Musk committed $2.89 billion to buy a 9.2 percent stake in Twitter making him the largest shareholder.

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Elon Musk, Twitter, Bloomberg, Billonaires
Changes in Elon Musk's networth in a few days Credit: Bloomberg
Source: Twitter

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

Twitter share price at the time he bought it traded at $49.48, on Tuesday morning it is on sale for $49.97.

Elon Musk and the Trump theory

As the largest shareholder of Twitter, Elon Musk can choose to push to reinstate former president of America, Donald Trump’s Twitter account.

In the days prior to the announcement of his acquisition of the social media platform shares, Musk had tweeted several times questioning the platform's free speech rules and musing on whether a new social media platform is needed.

Trump supporters challenge Musk

In several tweets, Trump's supporters are urging Musk to allow former President Donald Trump back on Twitter.

"Great job Elon Musk! Now reinstate President Trump!" tweeted conservative author Brigitte Gabriel.

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Will the new majority shareholder return freedom of speech to Twitter?"

Nigerian workers take to Twitter to call out their 'horrible bosses

Legit.ng had an earlier report on how Twitter, one of the popular social media platforms was abuzz with tales of Nigerian workers' relationships with their bosses.

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

The bosses of some of the companies have reacted to the call out giving their own side of events that led to some of the workers being sacked.

Source: Legit.ng

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