Elon Musk looks down at his smartphone.

Who is helping Elon Musk pay for his multi-billion dollar Twitter takeover?

Tesla CEO Elon Musk has pledged to use more of his own money to fund his purchase of Twitter, after letting a previously secured loan expire.

When he first announced his takeover of Twitter for $61.4 billion, Mr. Musk had already secured $17.7 billion in fringe loans backed by Tesla stock.

It had been seen as a risky move by some, as it meant Twitter and Tesla were closely tied, and the latter’s stock has taken a hit since the takeover announcement.

However, new documents filed with the Securities and Exchange Commission (SEC) show that Mr. Musk is no longer relying on this loan against his Tesla stock to make the purchase – he has instead chosen to shoulder the burden of lifting himself. even most of the money.

Before we take a closer look, it’s important to note that these figures have all been converted from US dollars to Australian dollars, which may explain some rounding errors and discrepancies.

How much is Elon Musk paying now?

In short, it’s no small thing, even for the richest man in the world (for context, Forbes estimates he’s worth $395 billion).

When he first announced the deal, he was going to contribute about $29.7 billion of his own money and sell about $12 billion of his Tesla stock in preparation.

He had also secured two loans — one tied to Tesla shares and the other tied to Twitter shares — which meant he had a total of $65.7 billion to buy Twitter.

Here’s what it looked like initially.

But the amount he was willing to contribute slowly increased, reducing this marginal loan.

Now Mr Musk is tasked with funding $47.3 billion for the $61.4 billion deal – significantly increasing his skin in the game – but he already has people on board to help him.

Who else is on it?

With the fringe lending out of the picture, Mr. Musk is now substantially invested financially, and it is up to him to raise the remaining cash.

He’s been lucky so far, though – he’s managed to find 19 investors, who are contributing about $10 billion in total to the deal.

That means Mr. Musk now has to pay around $37.2 billion.

Here’s what the financial cake looks like now.

But not all investors contribute the same way to the recovery budget.

Here’s a look at who they are and how much they’ve committed.

This list is also likely to grow – Mr. Musk said in regulatory filings that he was still looking for other capital partners.

It is also in talks with current Twitter shareholders, including founder Jack Dorsey, for additional funding commitments to help fund the takeover and reduce the $37.2 billion it will otherwise have to pay.

Does that mean the deal is closer?

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