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Ex Twitter CEO, Dorsey Rakes In $977.8m After Sales

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Jack Dorsey, founder and former Chief Executive Officer of Twitter, has made a whooping N405.3 billion ($977.8 million) after Elon Musk, acquired the social media company on Monday.

Musk had acquired Twitter with over $43 billion after sourcing $46.5 billion from banks to finance the deal. The Tesla and SpaceX boss is worth $268.2 billion as of April 25, 2022.

The deal saw Musk paying $54.20 per share to investors holding Twitter’s stock.

Dorsey held 18.04 million shares in Twitter before his exit as CEO in November last year, making him one of the top ten largest shareholders in the social media platform prior to the acquisition.

He is the 356th richest person on earth. He is valued at $6.8 billion by Forbes, and currently heads Block, formerly known as Square, a payment company in the United States.

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