Elon Musk, the world’s richest man, s Musk is the richest man in the world, according to the 2022 Forbes real-time billionaires list, with a net worth of $268.2 billion. In a $44 billion agreement, Tesla and SpaceX’s owner acquired a microblogging network Twitter.
Musk has also sold around 4.4 million shares of the firm, valued at approximately $4 billion. Musk must pay $21 billion in his capacity; the funds may be used to acquire the microblogging site.
Musk recommended individuals invest in firms that provide products and services in which they have faith. “Because I’ve been asked a lot: Buy shares in multiple firms that provide products and services in which you believe.” Musk stated that consumers should only sell their investments if they “believe their products and services are heading worse.” “This will serve you well in the long run,” Musk said of the investment advice to his almost 90 million followers.
Musk is projected to provide $21 billion in stock funding. Musk’s most recent Tesla stock sales, as reported to the US Securities and Exchange Commission (SEC), are worth roughly $4 billion. Meanwhile, Twitter reported an operating loss of $128 million on $1.2 billion in revenue and a net profit of $513 million in the first quarter of this year, its final quarterly result before Musk took over. In the March quarter, the firm reported 229 million average monetizable daily active usages (MDA), a 15.9% increase over the previous year.
The authored article is written by Nikita Katarmal and shared with Prittle Prattle News exclusively.