But even with that step back in price, Musk is looking at an on-paper profit of roughly $1.1 billion on his $2.6 billion investment. Musk’s initial investment represented less than 1% of his net worth, which Forbes estimates at $282 billion. A $1 billion profit? His filing Tuesday night disclosed the correct number of shares: 73.1 million shares, or a 9.1% stake. So if a typical family had the same percentage increase in their net worth that Musk just got from his Twitter windfall, it would total $461.

Source: CNN April 06, 2022 21:36 UTC