Elon Musk doesn’t actually have the money to buy Twitter, needs banks and hedge funds and private equity firms to help him

The Tesla CEO said on Thursday he could ‘technically afford’ the $43 billion price tag – Musk’s fortune is estimated by Forbes at $264 billion. Much of his wealth, however, is tied up in SpaceX and the electric vehicle company.

Musk currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion buying his 9.1% stake in Twitter in recent months, according to Bloomberg calculations.

We are primarily funded by readers. Please subscribe and donate to support us!

The Post said sources close to the deal told them Musk was mulling partnering with private-equity firm Silver Lake Partners, which was planning to co-invest with him in 2018 when he was considering taking Tesla private.



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.