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Recently, Tesla CEO Elon Musk has frequently swiped the screen.
Earlier this month, the AMERICAN wealth magazine Forbes released the list of the world's billionaires in 2022, and Musk became the world's richest man with a net worth of $219 billion.
On the 14th local time, Musk launched an acquisition to Twitter, making an offer of more than $43 billion and planning to take it private.
Many people care, what is the life of the world's richest man? According to foreign media reports quoted by China News Network, Musk recently said that he does not have a residential property and spends most of his time in the guest rooms of friends.
Musk said he had no place to live
According to the US "Capitol Hill" report, Musk recently said in a TED conversation interview, "If I go to the San Francisco Bay Area, where most of Tesla's engineering is located, I will basically take turns in the guest rooms of friends' homes." ”
Asked about the wealth gap between ordinary Americans and billionaires, Musk said he doesn't think his personal spending is high beyond using private jets. "But if I don't use airplanes, I spend less time working," Musk said.
According to the British Sky News Network, which previously quoted US media reports, Musk has sold all seven of his properties in California for about $128 million.
In June last year, Musk posted on social media platforms that he had decided to sell the last property he owned. The move is Musk continuing to deliver on the promise he made in May 2020 to give up almost all of his physical property and "not own the property."
Musk reportedly sold his mansion in Beyer in June 2020 for $29 million. In January 2020, he also sold three other homes in California for a total of $41 million.
Musk: If the acquisition is successful
The $3 million compensation of Twitter's directors will be zero
Musk's plans to buy Twitter are also new.
On April 14, Musk offered to buy Twitter for a total value of $43 billion, and Twitter subsequently launched a defense program called "Poison Pill Project". According to the plan, if Musk buys more than 15% of Twitter stock, other shareholders will be able to buy additional new shares at a discounted price, making Musk's equity diluted and the acquisition more expensive.
According to the Wall Street Journal reported on April 18, people familiar with the matter revealed that private equity giant Apollo Global Management discussed participating in the Twitter acquisition, or will provide equity or debt support to buyers interested in acquiring Twitter, such as Musk or private equity firm Thomas Bravo LP.
Apollo Global Management has approximately $500 billion in assets under management. As the owner of Yahoo, Apollo Global Management also assessed the possibility of a partnership between Yahoo and Twitter.
At the close of trading on April 18, Twitter's stock price rose 7.5%, and after the News of the Wall Street Journal broke, Twitter's stock price rose more than 1% after hours. Some commentators have pointed out that the market speculation that the company has bought time to develop a more shareholder-friendly plan, thus driving the stock price up. It is reported that Twitter will release its earnings report on April 28, when it may announce the details of the plan to resist Musk's acquisition proposal.
After Musk's acquisition of Twitter was frustrated, he continued to criticize Twitter's board. On April 18, investment consultant Gary Black tweeted that most of Twitter's board members hold less than 0.005% of the company's shares, and once Musk succeeds in the acquisition, they will not get a "part-time bad" of $250,000 to $300,000 a year. Musk commented in agreement, saying that if the acquisition is successful, the board's salary will be zero, saving about $3 million a year.
On April 17, Musk tweeted that after Twitter founder and two-time CEO Jack Dorsey left Twitter's board at the end of his term in May, "Twitter board members together have almost no stake in Twitter." Objectively speaking, their economic interests and shareholders are not consistent. ”
On the same day, Jack Dorsey also criticized Twitter's board. One Twitter user said the Twitter board, especially its founding members, was so imbued with "intrigue and coups" that could have been adapted into a Hollywood thriller. Dorsey commented, "This is the reason the company has been dysfunctional." Source: Synthesized from the App (reporter Li Menglin), China News Network
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