Elon Musk Overthroned As Twitter’s Largest Shareholder

World’s richest man, Elon Musk has been displaced as the largest shareholder in Twitter by Vanguard Group, an asset manager.

Reliable reports revealed this recently, and the world has been reacting.

According to documents sent to the U.S. Securities and Exchange Commission (SEC) on April 8, Vanguard Group increased its stake of 8.4 percent (67.2 million shares) in Twitter to 10.3 percent (82.4 million shares).

The investment has set the stage for an ownership battle between the institutional investor and individual investor, considering Musk had launched a bid to buy Twitter.

WOW.

Elon Reeve Musk FRS is a business magnate, industrial designer and engineer. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

He was elected a Fellow of the Royal Society (FRS) in 2018. Also that year, he was ranked 25th on the Forbes list of The World’s Most Powerful People, and was ranked joint-first on the Forbes list of the Most Innovative Leaders of 2019. A centi-billionaire, Musk became the richest person in the world in January 2021.

Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. His mother is Maye Musk (née Haldeman), a model and dietitian born in Saskatchewan, Canada, but raised in South Africa.

His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and property developer.