Elon Musk is R145 billion poorer after taking control of Twitter
The new owner of the social media platform said he bought it to"try to help humanity," and not to make more money.
He remains the world's richest man, but Musk's net worth has fallen by $66 billion this year, according to Bloomberg. That's mainly because Tesla shares have skidded by 43% this year, as some investors anticipated he would sell more stock in the electric-vehicle maker to help fund the Twitter deal. The Tesla chief has a stake of about 15.6%.Other investors in the Twitter deal have also suffered, Bloomberg found.
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