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The world's richest
, Elon Musk, has bought the social
site Twitter. Mr Musk bought the
for $44 billion. On April the 4th, he bought 9.1 per cent of Twitter for $2.64 billion. Twitter's
rose by 27 per cent after this. Musk then made a follow-up offer to buy the
company, but the board of directors rejected
. However, on April the 25th, the board
accepted Mr Musk's offer. Musk is number seven on the
of Twitter's most-followed people. He has 84 million
. Former U.S. President Barack Obama tops the list with 131 million followers. Twitter's co-founder Jack Dorsey said he was happy that Mr Musk is Twitter's new owner. He said: "I trust his
."
