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Musk has likely already made more than $1 billion on Twitter investment

By Zach Halaschak
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Musk has likely already made more than $1 billion on Twitter investment

Elon Musk has already gained more than $1 billion on his Twitter purchase, the same day it was revealed.

Musk, the cheeky Tesla founder and the world’s wealthiest person, purchased a 9.2% stake in the company in March, according to a filing released on Monday dated March 14. If Musk had purchased all of his more than 73 million shares on that date, their value would have ballooned by more than $1.2 billion at close on Monday — a whopping 51.3% return.

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Big Tech Elon Musk Markets Social Media X (Formerly Twitter)