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The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.
Elon Musk in 2023. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$474 billion as of December 2024, according to the Bloomberg Billionaires Index, and $454.5 billion according to Forbes, primarily from his ownership stakes in Tesla, Inc. and SpaceX.
After marking down the value of its investment in Elon Musk's X repeatedly, Fidelity boosted its estimate last month for its stake in the social media platform, sources told Axios.. October saw a ...
The mutual fund giant — and X investor — estimates that the social media platform is worth 71.5% less than the $44 billion Musk bought it for in 2022. Fidelity again downgrades estimated ...
Elon Reeve Musk FRS (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include ownership of X Corp., the company that operates the social media platform X (formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move? Possible Cuts to Social Security and Medicare When campaigning for Trump, Musk promised to cut $2 trillion ...
Elon Musk's net worth of $264 billion makes him the world's richest person. ... In 2012 he debuted on Forbes' Billionaires List with an estimated wealth of $2 billion. In 2016, Musk set up the ...
Fidelity was founded by her grandfather Edward C. Johnson II. Her father, Edward C. "Ned" Johnson III , remained chair emeritus of FMR until his death in March 2022. As of March 2013, the Johnson family owned a 49% stake in the privately-held company, with Johnson herself holding an estimated 24.5%.
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