Elon Musk, the world’s richest man, now has to borrow cash | Job Alls

Elon Musk and his crew are reportedly contemplating elevating $ 3 billion to repay Twitter’s $ 13 billion big debt, which requires $ 1.5 billion in annual funds.

When Musk, the CEO of Tesla (TSLA) – Get Free ReportHaving purchased Twitter in October final 12 months for $ 44 billion, the billionaire took out $ 13 billion in debt to repay a non-public social media firm.

Musk and his advisers talked concerning the sale of Twitter’s new $ 3 billion stake in December final 12 months to jot down off some debt, in line with the Wall Road Journal.

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