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The owner of SpaceX and Tesla and the world’s richest man Elon Musk recently bought the micro-blogging site Twitter in a 44 billion deal.
Elon Musk, the billionaire head of US technology company Tesla, who made the shocking bid some time ago, said that Twitter had “extraordinary potential” and he can do better for the company’s employees and customers.
Who is Elon Musk?
Elon Musk was born on June 28, 1971, Elon Musk is a South African-born American industrial engineer, entrepreneur, who co-founded Paypal and founded aerospace transportation services company SpaceX.
Elon’s revolutionary mindset is behind the development of fully electric cars, reusable rockets and many other big revolutionary projects like this. He is not only the CEO of SpaceX and Tesla Motors but also Solar City, chairman and co-founder of PayPal, Zip2.
Above all, Elon Musk proposed a new conceptual transport system called the Hyperloop, the success of which changed the world map of travel.
World’s billionaire man
Elon Musk, head of the American technology company Tesla, became the richest man in the world in 2021, surpassing Amazon founder Jeff Bezos.
The total value of the assets of the owners of Tesla and SpaceX has crossed $185 billion after the increase in the share price of the electric car company.
How did Elon Musk become so rich?
Unlike other billionaires in the world, Elon Musk made the most of his fortune by investing in small, successful projects and various ventures.
After selling Zip2, he moved to online banking with Peter Thall, who bought 2009 180 million worth of shares on eBay when he bought it in 2009.
In 2002, Elon Musk founded SpaceX with the goal of colonizing Mars using cheap rockets and then raised $6 million the following year at Tesla, although the company had never built a real car at the site.
The two firms initially struggled, until 2008 when SpaceX signed a 1.6 billion mass production deal with NASA and Tesla’s first vehicle, the Model S, in 2012.
Keep in mind that nowadays SpaceX is an important part of all NASA missions to the International Space Station and the moon, while Tesla’s cars you will often see on the roads of China, the USA, and London.
Elon Musk’s fortunes have soared due to Tesla’s share price, which has tripled in the last 18 months to more than 1 trillion. Elon Musk currently owns between 17 percent and 21 percent of the company, valued at 170 170 billion.
Elon Musk, meanwhile, owns a 48 percent stake in SpaceX, a 100 100 billion-dollar firm that makes up the remainder of his fortune. He has since launched two other business ventures in the last five years.
Twitter and world’s richest man
Elon Musk on Monday agreed to buy Twitter for 44 billion, transferring control of the social media platform, which has a population of millions of users and world leaders, to the world’s richest man.
The deal eliminates the use of Twitter as a public company since its initial public offering in 2013. Under the agreement, Elon Musk will pay 54 54.20 per share in cash to purchase Twitter.
It should be noted that after the agreement, Elon Musk has become the sole shareholder of Twitter. This is by far the largest bargain to be made by any private company in the world.
In this regard, Elon Musk says that free speech is the foundation of an active democracy and Twitter is a digital town square where important issues for the future of humanity are discussed.
