. elonmusk reclaims spot as world's richest man
Musk exploded onto the scene of global mega-wealth in recent years with his ownership of Tesla, SpaceX and other ventures.
Billionaire American businessman Jeff Bezos was rated as the third richest man in the world by Bloomberg's billionaires index on Wednesday, behind Bernard Arnault and Elon Musk. The often irreverent figure raised eyebrows late last year after spending $44 billion to purchase Twitter. Musk has drastically altered the platform since taking it over, efforts he says are aimed at making it a more open platform.to just one-third of Musk's purchase price since he bought it in October, however.
Elon Musk bought Twitter for $44 billion in late 2022, and the company's value has plummetted since then.Fidelity participated in the investment group that helped Musk take over Twitter in a deal consisting of $33.5 billion in equity with the remainder financed with debt to convert it into a privately held company after the deal closed in October.
A financial disclosure from the Fidelity Blue Chip Growth Fund that was filed for the month of April showed that the company marked down its stake in Twitter and estimated the social media platform is now worth roughly $15 billion. Bloomberg first reported the filing.
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