Elon Musk’s $21 billion mystery: Where will he get cash for Twitter?

Elon Musk and Twitter Inc. reached an settlement for the world’s richest man to purchase the social networking platform for $44 billion,

On Musk’s aspect, although, there stays a thriller: How is he going to cowl the $21 billion fairness portion of the transaction that he’s personally assured?

Musk, 50, has outlined the $13 billion in financial institution financing secured by the social-media firm and the $12.5 billion backed by a pledge of a few of his $170 billion Tesla Inc. stake.

There’s little doubt he can provide you with the cash. Musk is the world’s richest particular person, with a fortune of $257 billion, in accordance with the Bloomberg Billionaires Index. Nonetheless, he has nearly $3 billion in money and considerably liquid property, in accordance with Bloomberg estimates.

One path for Musk is discovering like-minded buyers who purchase into his imaginative and prescient for Twitter to hitch him in his buy. That will imply among the fairness portion comes from new or present shareholders.

Even when Musk can’t spherical up many different fairness buyers, he has the monetary firepower to go at it largely alone, due to the crown jewel of his huge fortune: His stake in Tesla.

Musk’s money estimate relies on filings associated to publicly traded shares and information stories, however a lot of the data on his non-public funds is proscribed.

f his portfolio of investments has outperformed the market, as an example, Musk might be wealthier than the Bloomberg estimate and he won’t want new sources of funding to cowl the $21 billion.

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