Elon Musk Couldn’t Gift You a Billion, Buys Twitter Instead

Elon Musk has been all over the news lately. From his comments on free speech to his bold offer to buy Twitter for $43-billion; the tech mogul is doubling down on his support of the first amendment.

But in the wake of his aggressive bid to purchase the social media site and take it private, the pundits and meme-makers have been working overboard.

One popular claim that was bouncing around the Internet even before Musk revealed his 9.2% stake in Twitter, was that the multi-billionaire could give everyone in America $1-million dollars. Or end world hunger, or global poverty.

Musk's Early Wealth

South African-born Elon Reeve Musk formed his first company Zip2 in 1995, per Financhill, which he later sold to Compaq in 1999 for a cool $307 million. This sale propelled Musk into millionaire status, netting the SpaceX CEO $22 million when he finalized the deal.

Using those funds, Musk founded X.com, which eventually became the payment and financial processing giant known as PayPal. Two years after its inception, eBay bought PayPal for $1.5 billion in stock.

This sale grew Musk’s net worth by another $165 million, allowing him to invest in other projects and companies. Telsa Motors, SpaceX, and The Boring Company are all owned by Musk and were, at least in part, started by the business mogul.

As a recent Snopes.com article points out, if there are approximately 330-million people in the United States, then dividing the $44-billion Musk offered for Twitter would grant each citizen about $121. Because that's how math works.

And while $121 might be helpful when filling your tank with gas these days, it's not the lottery ticket winning that some folks on the Internet persist in arguing about.

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