USA

USA

INDIA

India

BANGLADESH

BANGLADESH

NEPAL

Nepal

FIJI

FIJI

PAKISTAN

Pakistan

Melody Media Productions

Excellence in Broadcasting!

Pervez Saleem

(Producer/Director)

What is Elon Musk’s net worth after buying Twitter?

Courtesy: Geo News/Reuters

Elon Musk, who finally acquired Twitter for $44bn and left people wondering how rich he would be now, is still the world’s richest person with a current net worth of $212bn.

According to the Bloomberg Billionaires Index, Musk’s net worth fell by nearly $58.6bn since the beginning of the year.

Musk is an exceptionally rich man with his fortune exceeding the world’s second richest person Bernard Arnault, chairman of French luxury group LVMH by a staggering $70bn.

The Tesla chief was named the world’s richest in January of 2022 when he was valued at $273.5bn, Bloomberg reported.

“Mr Musk reached the level of riches, inflation-adjusted, achieved by modern history’s wealthiest person,” Bloomberg wrote at the time.

After becoming Twitter’s largest shareholder, Musk announced his bid in April, offering to buy the platform at $54.20 per share.

Though the billionaire raised $46.5bn for his bid, several factors including the COVID-19 pandemic and the Russia-Ukraine war took a toll on his net worth.

Musk, who is also the chief of SpaceX, was also declared the richest man by Forbes not long ago. At the time, his fortune was reported to be $219bn.

While Forbe’s annual World Billionaires List is published yearly and uses exchange rates and stock prices to calculate fortune, the outlet’s Real-Time Billionaires list is refreshed daily.

According to the Real-Time Billionaires list, Musk currently stands at  $221.5bn.

Forbes noted that despite “selling billions of dollars of Tesla stock late last year, and owing taxes on gains from those sales”, Musk is still around $68bn richer than the previous year.

Disclaimer:
Sada-E-Watan provides news and opinion articles as a service to our readers. These articles and news items come from sources outside of our organization. Where possible, the author and the source are documented within each article. Statements and opinions expressed in these articles are solely those of the author (reporter/newspaper) or authors (reporters/newspapers) and may or may not be shared by the staff and management of Sada-E-Watan. Sada-E-Watan was created to provide one convenient central location where a user can quickly scan headlines from many news sources. The headlines listed on Sada-E-Watan pages are links to stories on the sites where these stories are located. The goal of Sada-E-Watan is to help readers access stories on web sites that they would normally not have time to view on a regular basis and to add value to the news source sites by mentioning their name on top, so readers can view these sites..

The Sada-E-Watan takes no responsibility for any loss or damage suffered as a result of using the linked websites or as a result of using the information published on any of the pages of the linked websites.

Whilst every effort is made to ensure downloadable content is free from viruses, Sada-E-Watan cannot accept any liability for damages resulting from virus infection. You should take adequate steps to ensure your virus check regularly when using any device.

If you have any questions or comments about Sada-E-Watan, please contact us at: radio@sada-e-watan.com