Musk, the chief executive of electric car maker Tesla, revealed the takeover bid in a regulatory filing made public on Thursday and said he would take Twitter private.
Musk, 50, has a $273.6 billion fortune estimated by Forbes that makes him the wealthiest person in the world, worth $92.3 billion more than runner-up Jeff Bezos of Amazon.com Inc. Musk was born in Pretoria, South Africa to a Canadian mother and South African father and later attended the University of Pennsylvania, where he graduated in 1997.
Wall Street has underscored Tesla's achievement by lifting the company's market capitalization to more than $1 trillion - more than all three Detroit automakers plus Toyota Motor Corp, combined - and making it the fourth-largest company in the benchmark S&P 500 index, the backbone of millions of Americans' retirement savings plans.
Musk has run through a trail of subordinates who could not keep pace or got fed up with his relentless demands. Even his largest shareholders have appeared to lose patience with him at times. Noted stock picker Cathie Wood, whose outsized position in Tesla powered her ARK Innovation ETF to the best performance of any U.S. fund in 2020, suggested at a conference on Tuesday that she is put off by Musk's"antics" and has little contact with him personally.
Reuters, too, has faced his ire, with Musk tweeting in 2018 https://twitter.com/elonmusk/status/1014800936198213633 that a reporter misled the public about Model 3 production and"followed that up with mean tweet to me" on his birthday.Twitter helped Musk become a household name. He has 81 million followers and built a pop culture following large enough to help him earn a spot hosting the venerable U.S. comedy TV show"Saturday Night Live" in 2021.
YES YES YES YES
Didn’t he turn down an offer to be a director?
Hahaha imagine tycoon owned media being upset at Musk trying to own Twitter. Hahaha. Hypocrisy.