Elon Musk has met with Twitter executives to discuss the possibility of him buying out the company and taking over the site.
Scroll on to find out more.
Now, Elon Musk is the complete embodiment of a classic eccentric billionaire…
Being the founder, CEO, and Chief Engineering Designer of not only Tesla but SpaceX too, he has an awful lot going for him.
As it currently stands, Tesla is the world’s leading electric car company…
With almost 500,000 vehicles being bought and distributed in 2020 alone. The company is pioneering the future of electric car travel with Musk as its CEO.
And then there’s Space X…
Space X became the first private company to successfully launch, orbit, and recover a spacecraft, as well as the first to send a spacecraft to the International Space Station (ISS).
And due to his accomplishments, Musk has cashed in a serious amount of money since starting his businesses…
Back in January 2021, according to the BBC, Musk finally became the richest man in the world, knocking Jeff Bezos out of 1st place.
Quite the achievement, I know!
However, the feud between Musk and Bezos had been ongoing all year, with the pair yo-yo-ing between 1st and 2nd place.
Well, until late last year…
Musk saw a jump of 4.9 percent for the stock price of Tesla at the start of the year – an increase that came just days after finishing the first trading session of the year where they saw an increase of 3.4 percent.
Musk’s net worth subsequently soared shortly after to a staggering $188 billion, as per Bloomberg’s Billionaires Index.
And with Jeff Bezos’ net worth standing at $187 billion, Elon Musk was ultimately placed as the world’s richest man.
Things just kept getting better for Musk, and as of September 7th, he was reportedly worth over $200 billion…
Making him the 3rd person in the world to ever reach that milestone, behind Jeff Bezos and Bernard Arnault, CEO of French luxury brands Moët, Hennessy, and Louis Vuitton.
A great achievement for Musk!
And of course, he went about the news in the most typical “Elon Musk” way.
In response to the news, he simply tweeted, “How strange”…
Before adding, “Well back to work.”
Then, almost a month after beating Bezos and becoming the world’s richest man…
He secured his position in 1st place.
On October 25th, 2021, Musk left his competitors in the dust as he reportedly gained a further $36 million…
Taking him up to a whopping $269 billion according to Forbes.
However, despite being crowned the richest man in the world, it hasn’t all been sunshine and rainbows for the CEO…
In 2021 alone, he split from his long-time girlfriend Grimes, as well as having to pay up for some unpaid taxes due to unrealized gains in Tesla stock. So all in all, it’s been a choppy year.
Now, Elon really did make the headlines an awful lot last year.
And it was always in celebration of his success.
He started this year off right, too. The $11 billion in taxes he paid have definitely been a thing of the past for him because he almost tripled what he paid in 2021, and it was only the beginning of 2022.
How? You might ask…
It’s all down to his Tesla company.
In 2021, Tesla manufactured 936,000 vehicles, allowing for a rise in stock prices, as per LADbible.
And to put his riches into perspective…
By Musk paying $11 billion in taxes last year, he gave 0.0036 percent of his earnings away. Yep, it might make you want to cry yourself to sleep, but that’s the truth.
And now, Musk is showing us all just how wealthy he truly is…
By bidding $43 billion for Twitter.
Yep, that’s right, Musk met with Twitter executives this weekend to discuss the possibility of taking on the company.
As per the Wall Street Journal, he’s just got financing for $46.5 billion in order to make it happen.
As impossible as this might sound, there could be a huge chance Musk could take over…
According to the WSJ, Twitter shareholders are also wanting a payout from the company, so his bid couldn’t have come at a better time.
Musk has already made it clear that he would want to change some things around on the site if he does take over…
One being longer Tweets and another being the excessive amount of ads being toned down.
Twitter reportedly has a call on Thursday to discuss their earnings, which will definitely be huge for Musk.
So it looks like it’s not so impossible after all!