The world’s richest man, Elon Musk, made N5.27 trillion in eight hours after acquiring a majority stake in the microblogging platform, Twitter.
The South African had last week declared his intention to create his own social media platform to compete with Twitter and Facebook.
He, however, opted to buy rather than create his own platform in a dramatic U-turn that stunned industry experts.
Musk’s networth rose significantly by 4.40 percent after adding Twitter to his investment portfolio which cuts across automobile firm, Tesla, space company, SpaceX and satellite venture, Starlink.
His wealth is now estimated at $300.3 billion from the $273 billion reported on Friday, according to Forbes Billionaire Index, while Twitter founder, Jack Dorsey, made $726 million to take his fortune to $8.5 billion – representing a 9.30% rise.