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The Guardian - US
The Guardian - US
Technology
Kari Paul

Musk seeks to use less of his fortune with bid for more Twitter funding

Elon Musk Twitter Inc. Tesla Inc. ARES Jack Dorsey Fidelity
Musk has also pledged some of his Tesla shares to banks to arrange a $12.5bn margin loan to help fund the deal.
Musk has also pledged some of his Tesla shares to banks to arrange a $12.5bn margin loan to help fund the deal. Photograph: Dado Ruvić/Reuters

A week after Elon Musk finalized a $44bn deal to purchase Twitter, the billionaire is working to secure outside funding for the acquisition that would tie up less of his personal fortune.

The world’s richest person is in talks with large investment firms and high net-worth individuals to take on more financing, Reuters reported Monday. Though Musk has an estimated net worth of about $245bn, much of his fortune is tied up in stocks.

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