Ned Segal Net Worth How Much Does The CFO Of Twitter Make

Ned Segal Net Worth How Much Does The CFO Of Twitter Make?

Ned Segal, Twitter’s former CFO, has lost his job since Elon Musk took over the organisation. On Thursday night, the owner of Tesla and SpaceX completed the $44 billion acquisition of the San Francisco-based social networking company.

Ned Segal, the CFO of Twitter, and other senior officials are said to have left the firm following Musk’s takeover. We examine Ned Segal’s net worth and professional history in addition to the Twitter acquisition.

NED SEGAL, CFO of Twitter, was reportedly fired.

Ned Segal, the five-year employee and CFO of Twitter, apparently received his termination letter on Thursday evening and left the company’s offices, according to CNBC. The outlet reports that the social media juggernaut’s CEO, Parag Agrawal, and director of legal policy Vijaya Gadde have both reportedly left.

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HITC and GRV Media have contacted Ned Segal for comment.

Following his takeover of Twitter on Thursday, Musk tweeted, “The bird is liberated,” which appears to be a reference to the company’s emblem.

THE CAREER AND NET WORTH OF NED SEGAL

Ned began working at Twitter as CFO in August 2017. He formerly worked for Intuit as senior vice president of finance (2015-2017).

In addition to leading the worldwide software banking division at Goldman Sachs, which he joined back in 1996, he served as CFO of RPX Corporation from 2013 to 2015. Ned’s estimated net worth as of 2022 is $54.9 million, according to Wallmine.

Ned also serves as a director and member of the audit committee for Beyond Meat, a plant-based meat manufacturer with headquarters in Los Angeles. Ethan Brown launched the business in 2009.

THE $44 BILLION TWITTER DEAL WITH ELON MUSK

Musk revealed his offer to purchase Twitter for $43.4 billion on April 14, 2022. According to an SEC filing, he offered to pay $54.20 in cash for each share he does not hold.

The SpaceX entrepreneur stated in the filing that he was “offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and publicly revealed a 38% premium over the day before was my investment.”

If my offer is rejected, I will need to reevaluate my status as a shareholder. It is my best and final offer. According to Forbes, Musk’s net worth increased significantly from $30 billion in 2020 to $221.5 billion in 2022.