Jack Dorsey Stands to Make $978 Million USD from Elon Musk’s Twitter Buyout

With more than 18 million shares of Twitter, Jack Dorsey, who resigned as CEO last year, will make $978 million from the $44 billion acquisition by Elon Musk. In addition to Dorsey’s enormous salary, current CEO Parag Agrawal is set to earn $42 million from his golden parachute farewell package.

Elon Musk’s bid to takeover Twitter at $54.20 per share is a 38% premium and will reportedly increase the total value of Jack Dorsey’s stock to nearly $ 1 billion.

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