Even though Musk has a 9.2% stake in the social-media company, his holding still represents just a fraction of his overall wealth
He now has a 9.2% stake in the social media company, but that’s just a fraction of his overall wealthElon Musk's net worth is up more than $1bn based on Twitter’s closing share price on March 14.For years, Elon Musk’s net worth has been dominated by one stock: Tesla. His purchase of a 9.2% stake in Twitter, disclosed on Monday in a regulatory filing, adds an unusual element of diversification to his $273bn fortune.
Even though Musk is now Twitter’s biggest shareholder, his holding still represents just a fraction of his overall wealth. The vast majority of Musk’s net worth is tied to shares and options in Tesla, of which he’s CEO. He owns about 17% of the electric-vehicle maker, which has soared in value in recent years and catapulted Musk to the top of the list of the world’s richest people.The Tesla co-founder has stayed focused on the company even as his fortune has soared.
Musk also signalled at the time he would become more of a philanthropist. In 2021, he donated more than 5-million Tesla shares to charity, worth about $5.7bn. That came a few weeks after suggesting on Twitter he would sell stock if the UN proved $6bn would help solve world hunger.
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