Tesla’s Elon Musk approaches a $1.8 billion windfall gain
Tesla's blistering stock rally is putting Chief Executive Elon Musk in reach...
World’s top most billionaire Elon Musk will be taking time from Twitter “for a while”, he announced on Twitter.
Elon Musk overtook Amazon boss Jeff Bezos to become the world’s wealthiest person last month with a fortune estimated at $185 billion.
“Off Twitter for a while,” the Tesla and SpaceX founder told his 44.5 million followers on Twitter.
However, the reason for this decision is still unclear.
AdvertisementOff Twitter for a while
— Elon Musk (@elonmusk) February 2, 2021
Earlier, He tweeted last week in support of a group of retail investors on website Reddit who had coordinated to buy shares in Gamestop, a struggling games company, pushing the chain’s share price up by more than 680%.
He had also added more than $100 billion to his net worth in 2020 had passed Bill Gates as the world’s second-richest person.
Musk’s year of dizzying ascents and jagged peaks hit a new apex as he overtook Bill Gates to grab the world’s second-richest ranking.
The founder of Tesla’s net worth soared $7.2bn on Mon to $127.9bn, driven by another surge in Tesla’s shares. Musk had added $100bn to his worth.
Furthermore, Musk was forced to step down as chairman of the Tesla’s board in 2018 after a serious run-in with the US Securities and Exchange Commission, which accused him of misleading investors by tweeting about a possible withdrawal of Tesla from the stock exchange.
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