The world's richest man, Elon Musk, has joined Twitter's executive board after becoming the largest shareholder in the company.
US Sun reported that Musk bought 9.2 per cent of Twitter shares worth $2.9billion.
Musk who is the CEO of both electric car company, Tesla, and rocket firm, SpaceX, is worth $219 billion — $48 billion more than Amazon's Jeff Bezos who he recently ousted atop Forbes' rich list.
Twitter CEO Parag Agrawal broke the news on the bird app on Tuesday afternoon.
"I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.
"He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon," Agrawal tweeted
Replying to Argawal's statement, Musk tweeted back saying, "Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!"
In 2001, Musk was ousted as the CEO of PayPal in an unceremonious break spearheaded by his in-company rivals, according to the publication.