Elon Musk owns Twitter in a way. He is implementing a number of drastic changes with the acquisition of Twitter. Even though Elon Musk is the world’s richest man, buying Twitter has not been easy for him.
Elon Musk bought Twitter for around USD 44 billion (Rs 3.5 lakh crore). He raised this money through his personal assets, investment funds and bank loans. Do you know how he raised so many crores of money?
Elon Musk, despite being the world’s richest man, has decided not to take more than $15 billion from his personal wealth. So he took out some $12.5 billion in debt from his car company, Tesla. Then he timed it and sold about $15.5 billion worth of Tesla stock in two rounds in April and August.
Next he used funds from investment groups. Qatar Holding, a sovereign wealth fund of Qatar controlled by the Qatar Investment Authority, has also invested a small amount in it. Prince Alwaleed bin Talal of Saudi Arabia has also invested in it. In this way he has borrowed about 13 billion dollars from banks and other institutions.
When Elon Musk bought Twitter, an important social network, he did not take the risk of a single source but bought it through multiple sources, a smart move that has become a talking point among investors. In this case, Saudi Arabia’s Prince Alwaleed has invested 35 million in Twitter, making him the second largest investor in Twitter.
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