In a new filing late Tuesday, Musk disclosed how much he paid for the 73 million shares he started purchasing in late January and completed with a final buy Friday. The average price was $36.16 per share.
The news of his Twitter investment sent shares up 27% Monday, and another 2% by Tuesday’s close, before slipping slightly in Wednesday trading. 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. That equates to a return of about 40%. Not bad for a two-month investment.
So given his vast wealth, it’s fairly safe to say that no person on the planet has ever needed an extra $1 billion less than Elon Musk.