Elon Musk will be the most indebted CEO in America if the Twitte

 

 

Elon Musk will be the most indebted CEO in America if the Twitter deal goes through

https://www.cnbc.com/2022/04/28/elon-musk-will-be-most-indebted-ceo-in-america-if-twitter-deal-closes.html

 

• Two-thirds of Elon Musk’s financing for the $44 billion deal to take Twitter private will have to come out of his own pocket. He has a net worth of about $250 billion.
• Yet because much of his wealth is tied up in Tesla stock, Musk will have to sell millions of his shares and pledge millions more to raise the necessary cash.
• According to research firm Audit Analytics, Musk has more than $90 billion of shares pledged for loans.
• That makes him the largest stock-debtor in dollar terms among executives and directors, far surpassing second-ranked Larry Ellison, according to ISS Corporate Solutions
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