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Elon Musk Investment Strategy
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Elon Musk's Investment Strategy
Elon Musk's investment strategy is rather simple, at least as far as he's made public. His investments can be divided into two general categories -- companies he started or controls and cryptocurrencies. Unlike many other billionaires, Musk doesn't have a large portfolio of publicly traded stocks of companies where he doesn't have day-to-day involvement.
That changed after it was revealed Musk took a 9.2% stake in social media platform Twitter (NYSE:TWTR) in
early April 2022. Twitter’s market cap was just shy of $31 billion, so his stake is a small percentage of his overall net worth.
He is currently Twitter’s largest shareholder.
A day after the stock purchase was revealed, Musk was offered a seat on
Twitter’s board of directors. That offer was rejected since he then offered to buy
the company and take it private for $44 billion. There was been ample back-and-forth between the company and Musk over how many bots
(accounts that aren’t a real person) are on Twitter, among other issues. The deal has since gone through, with
Musk becoming "Chief Twit" of Twitter in late October 2022.
Musk has said his top initiatives
include promoting free speech, publicly displaying the algorithms governing content, and transforming Twitter into an "everything app" called X.
Twitter aside, Musk’s investments are highly concentrated in his entrepreneurial
endeavors. The first category comprises publicly traded
stock investments, and the second includes private companies that he founded and where he continues to have an investment.
With that in mind, here's a breakdown of what we know about Musk's investments.
News
MAY 07 2023
Elon Musk, by many metrics the most successful entrepreneur of modern times, had a net worth of some $216 billion as of October 2022. Earlier in the year, his net worth almost topped $300 billion
MAY 8, 2023
GEORGIANA TUDORAN invested in the $44 billion deal to little more than $15 billion so Lucky!!
Publications
Tesla were expected to support loans totaling around $122.5 billion, so would you be an Entrepreneur and also become rich like me ELON MUSK
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Elon Musk giving $44 billion Twitter deal with massive loans, personal cash and more
Billionaire Elon Musk financed the Twitter takeover with his own personal assets, investment funds and bank loans, among others.
