Elon Musk, CEO of Tesla, has fulfilled his USD-44 billion buyout of Twitter. According to multiple sources, Musk sacked Twitter’s four top management employees, notably CEO Parag Agrawal and legal chief Vijaya Gadde, soon after taking command of the twitter website. Musk, the world’s wealthiest man, had pledged to revolutionize Twitter by relaxing quality moderation standards, making its mechanism more open, and cultivating subscription companies.
Musk, the CEO of Tesla, has a total wealth of approximately $222 billion, or approximately Rs 18 lakh 20 thousand 400 crores in Indian rupees. The majority of Elon Musk’s revenue comes from Tesla and SpaceX. Twitter’s earnings will be included in his revenue in the future.
Major Business Investments made by Elon Musk
Elon Musk and his brother founded a tech company in 1995, that was later purchased by COMPAQ. Elon earned a total of $22 million out of its 7% stake after the transaction, and he reinvested $10 million of this amount in 1999. He started X.Com, a company that offered financial services. Then, one year later, this company partnered with some other company that provided a service for money transfers. And now we are familiar with this corporation by the label PayPal, which has become a popular method of money transmission. He paid $ 1.5 billion to acquire eBay in 2002.
Elon Musk established Tesla, an electric vehicle startup, in 2004. Elon Musk created the groundwork for this vehicle by stating that all vehicles will be electric and eco-friendly in the future. Elon Musk believes that humans could live on other planets in the future, which is why he began space exploration. This initiative was given the title Space X, and he now wishes to establish a base on Mars by 2030. Furthermore now in 2022, he has taken a major step by investing USD-44 billion in buying twitter. But tesla is the major contributor to the net worth of Musk.
Musk’s family background
Musk was born on June 28, 1971, in Pretoria, South Africa, to Maye Musk, a model and nutritionist by occupation. His dad was a South African engineer, but his parents split shortly after he was born. Musk grew up in South Africa and received his first windows pc at the young age of nine. He created and traded video game codes at the age of 12 years old, according to sources. Moreover had entrepreneurial skills since childhood.
Elon was intensely interested in coding and began training himself. Elon Musk wedded Canadian writer Justin Wilson, whom she encountered at Queen’s Ontario University in 2000. Musk launched Space X as well, and he is now putting together a strategy to settle mankind on Mars by 2030.