How The World's Richest Person Bought Twitter | Forbes

Tesla billionaire Elon Musk is officially buying Twitter. Musk is the world's richest person with a net worth of $268.2 billion (that’s over $96 billion more than Jeff Bezos who is ranked 2nd).

Twitter’s board has decided to sell the company, accepting Tesla billionaire Elon Musk’s offer of $54.20 per share in cash, which values the company at around $44 billion. Shares of Twitter added to recent gains and jumped more than 5% on Monday after the social media company formally accepted the buyout offer.

The transaction was unanimously approved by Twitter’s board of directors, with the deal expected to close later in 2022 pending shareholder approval.

Twitter was until recently expected to decline Musk’s offer to buy the company, but the board appeared to be more receptive to Musk’s acquisition offer in recent days, especially after the Tesla billionaire revealed in an SEC filing last week that he had secured $46.5 billion in financing.

Musk has secured $25.5 billion of fully committed debt and margin loan financing for the deal, and is providing an approximately $21 billion equity commitment, according to a press release.
Earlier this year, Musk became the richest person in the world, unseating Jeff Bezos who held that title for four years prior.

The Tesla and SpaceX chief is worth $268.2 billion. That’s over $96 billion more than Bezos ranked 2nd on the list. Even after selling billions of dollars in Tesla stock late last year….and owing taxes on the gains from those sales…Musk is estimated to be $117.2 billion richer than on March 18, 2021 (when Forbes finalized last year’s billionaires list).

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[Springsteen]

Mrs Sonia is legit and her method works like magic I keep on earning every single week with her new strategy...

[bendover]

Dude paid 11 billion in taxes. Imagine how he could improve the world with that 11 billion. But I’m sure the government will use it correctly.

[truepatriots]

One Small Step For Man, One Giant Leap For Mankind. Thank You Elon Musk.

[rconger]

Let me get this straight:
The new private company will have an open algorithm.
Where the old public company had a "secret" algorithm.
Is this making sense?

[viper]

Wow, what a win for freedom and liberty

[FireForEffect]

Remember when the world's richest person (Jeff Bezos) bought the Washington Post?

[Icanspeakmoneyfluent]

He went to the store said he wanted to buy Twitter, proceeded to the till. The cashier asked politely cash or card he then replied dodgecoin.

[InMeUcU]

Thanks... Free Speech is by far our most important right. 🕊️

[aguy]

They had to swallow their own poison pill hahahahaaa

[lightningguy]

Don’t see anything going wrong. Right decision by CEO. Pretty intelligent of him

[MrShiggitty]

I hope he cleans house and brings Jack back as full time lead.

The 2022 and 2024 election cycles are going to be crazy.

[parzivalhigh]

I don't use Twitter but for some reason It still excites me

[YamiSama]

The board gave into the shareholders fast lol

[rmfinance]

Why did they have to utilize that picture of Jeff bezos @ 1:21? 🤣🤣🤣

[ArcWelder]

You guys might want to change that title

[abby]

Not using social media anymore especially TWT, IG, etc. But i’m very loud on YT n sometime on FB too.

[radigass]

Imagine the board goes and start a new platform???

[heathledger]

*It appears that this didn't age well, did it?*

[jayaditya]

How the world richest person bought Twitter?
Me:- what kind of question is this ?

[koaladoeseverything]

dammit. was just about to submit a higher bid 😅