Thursday, October 3, 2024

Elon Musk’s X Is Now Worth Around A Fifth Of The $44 Billion He Paid For It, Fidelity Says; Forbes, September 30, 2024

Ty Roush , Forbes; Elon Musk’s X Is Now Worth Around A Fifth Of The $44 Billion He Paid For It, Fidelity Says

"Elon Musk’s X is worth a little more than one-fifth of the $44 billion he paid to acquire the social media platform formerly known as Twitter, according to Fidelity, the latest in a series of valuation cuts by Fidelity since Musk’s takeover in 2022...

Musk is the wealthiest person in the world with a fortune valued at $269.8 billion, according to our latest estimates...

$24 billion. That’s how much the eight largest investors in X have lost in combined value since Musk purchased the firm as of Sept. 1, according to the Washington Post."

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