Elon Musk adds $1B to fortune with Twitter investment as shares soar
Musk bought about 73.5 million shares for roughly $2.9 billion - a stake now worth $3.8B
Tesla CEO Elon Musk likely added $1 billion to his already massive fortune this week after taking a 9.2% stake in Twitter.
Musk disclosed the purchase in a Securities and Exchange Commission filing at the beginning of the week, sending Twitter shares soaring: The stock closed up 27% on Monday and continued to climb higher on Tuesday, its biggest rally since its trading debut in 2013.-- More...
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