Elon Musk may have to shell out $44 billion to buy Twitter, but he's still the richest person in the world. Here's how the Tesla and SpaceX CEO makes and spends his $228 billion fortune.
Musk found himself in legal trouble with the SEC in 2018 after he tweeted that he had obtained the funding to take Tesla private, which moved the company's stock price. Musk reached a settlement with the SEC in April 2019 in which he and Tesla both agreed to pay a $20 million penalty.Musk moved Tesla share price again in May 2020, sending it down 13% after tweeting "Tesla stock price is too high imo.
FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in ShanghaiMusk's Twitter habits once again got him into legal trouble in 2019 after he called the British cave diver who helped rescue a Thai soccer team a "pedo guy"; the diver sued Musk, claiming defamation, but a jury ruled in Musk's favor.
A courtroom sketch of British cave diver Vernon Unsworth during his defamation suit against Elon Musk.Musk's net worth soared in 2020 amid the pandemic, increasing by 197% between March and August, according to an analysis by the Institute for Policy Studies. By December 2020, Musk had become the world's second-richest person behind Amazon founder Jeff Bezos.
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