Elon Musk, Chief Executive Officer (CEO) of the social media company Twitter, earns around $1.2 million from his Twitter account. His subscribers pay him a monthly fee of around $4.
Recently, the tech billionaire revealed that he has nearly 24,700 subscribers on Twitter who pay $4 per month to subscribe to his exclusive content on the micro-blogging site. He also shared the screenshot to reveal the number of his followers.
After purchasing the social media site, Musk announced various changes to Twitter. He also launched the Twitter Creator Subscription programme, wherein content creators can make money.
Under the Creator programme, content creators can sell their exclusive content to subscribers for a price. Musk has explained on Twitter how the programme works for content creators and subscribers.
Musk wrote on Twitter, “Content creators may wish to enable subscriptions on this platform. Just tap on Monetization in settings.”
The cost of a subscription on Twitter is $4.99 per month for subscribers in the United States. After the deduction, the content creator can make $3.39.
Angel investor Alex Cohen revealed that Musk has 24,700 subscribers, and with each subscriber paying him $4 per month, Musk is generating around $1.2 million a year “in passive income.”
The investor wrote on Twitter, “It’s literally this simple to achieve financial independence and retire early. On the other hand, I have 14 subscribers and generate $70/mo in passive income. This is almost enough to give every US Citizen a million dollars.”
Earlier this month, Twitter said it won’t be keeping any of the money content creators make from subscriptions for one year. However, after 12 months, Twitter can charge some amount of money.
After purchasing Twitter, Elon Musk has always been in the limelight. Elon Musk has also started working on an artificial intelligence (AI) project at the social media platform.