The world’s richest man Elon Musk bidding to take over Twitter
Two decades after banking his first millions, the South-African born Elon Musk last year became the world’s richest person – wresting the title from Amazon’s Jeff Bezos – following the meteoric rise of Tesla, his electric automaker founded in 2003.
The billionaire’s latest big splash – a bid announced Thursday to take over Twitter, capped a rollercoaster fortnight of announcements and counter-announcements.
The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders,” Twitter confirmed it received Musk’s bid valuing the company at $43.4 billion.
Before announcing his hostile Twitter takeover bid, Musk had declined a board seat after purchasing 73.5 million shares – or 9.2 percent – of Twitter‘s common stock.
Elon Musk: Son of engineer, a ‘drop-out’
Born in Pretoria, on June 28, 1971, the son of an engineer father and a Canadian-born model mother, Musk left South Africa in his late teens to attend Queen’s University in Ontario.
He transferred to the University of Pennsylvania after two years and earned bachelor’s degrees in physics and business.