Highlights

  • 19 investors in total backed to give Musk $7.1 billion for twitter takeover
  • $44 bn tech takeover one of the largest ever

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The SEC filing, published Thursday, shows that Musk has secured $7.14 billion in total

Elon Musk's Twitter takeover is being bankrolled by friends and backers from the world of crypto, tech and even fossil fuel. As per a filing with the US market regulator SEC, the world's richest man just got $7.1 billion dollars from over 19 investors to help fund his Twitter takeover. Here is a 'friend' circle that everyone can be envious of -:

  • Saudi Prince Alwaleed bin Talal: Already an investor in the social media platform is the biggest contributor as the chairman of the board at Kingdom Holding Company, agreed to commit almost 35 million shares in Twitter, worth $1.9 billion. The Saudi prince tweeted Great to connect with you my "new" friend @elonmusk I believe you will be an excellent leader for @Twitter to propel & maximise its great potential @Kingdom_KHC & I look forward to roll our ~$1.9bn in the “new” @Twitter and join you on this exciting journey.

  • Lawrence J. Ellison or more popularly known as Larry Ellison makes it in the top 3 contributors as he pitches in a $1 billion via is trust. This founder of Oracle is a friend of Musk and even finds a spot on the Tesla board because of this camaraderie. Larry, who is worth close to $100 billion also ranks among the top 15 richest people of the world.

  • Binance: Crypto backers really rooting for Musk's Twitter takeover as they envision the social media platform to be the much awaited boost ‘decentralized’ web. So it was no surprise when the world’s largest crypto exchange Binance pitched in $500 million towards the 'Twitter fund' and CEO Changpeng Zhao tweeted "just a small small contribution to the cause."

Other investors included PE giant Sequoia, Brookfield Asset Management, Fidelity Management & Research, and Qatar Holding.

Elon Musk who is expected to conclude this deal by year end is also mulling taking over as CEO of the social media platform as per reports.

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