Billionaire Elon Musk has revealed that he earns close to Rs 80 lakh per month from its 24,700 subscribers on Twitter. Musk has shared the screenshot showing g the number of people who pay $4 per month to subscribe to his exclusive content. Musk is making money by providing some exclusive content to its Super Followers.
The new feature allows Twitter users to make money by offering quality content to subscribers.
Musk wrote that content creators can make money using the monetization option on the platform.
"Content creators may wish to enable subscriptions on this platform. Just tap on Monetization in settings," he wrote on Twitter.
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Angel investor Alex Cohen did the math and tweeted that with each subscriber paying him $4 a month, the Twitter CEO is generating around $1.2 million a year "in passive income".
"It's literally this simple to achieve financial independence and retire early," Cohen said.
"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," he added.
Earlier this month, in a surprising turn of events, Twitter has restored verification badges on several high-profile celebrity accounts with millions of followers, just days after the microblogging platform culled the legacy blue checkmarks for non-paying users.
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The move assumes significance as Indian celebrities and top politicians from Shah Rukh Khan and Salman Khan to Congress leader Rahul Gandhi lost verified blue ticks on their Twitter accounts this week after Elon Musk-led microblogging site started removing checkmark icons from accounts that did not pay a subscription fee.
The coveted blue ticks have now made a surprising comeback on accounts of these celebrities. Top cricketers such as Sachin Tendulkar and Virat Kohli who lost the blue tick mark on their Twitter handles, have also got them back.
