Latest News

Tesla Stock Drop Wipes Out $126 Billion in One Day



Funding obscured: The family office behind Musk’s $44 billion Twitter buyout

When Elon Musk announced his surprise bid for Twitter Inc earlier this month, he said the social media company should reach out to his family office with any questions. Yet very little is known about the Austin, Texas-based family office that manages the assets of Musk, the world’s richest person and CEO of both electric car maker Tesla Inc and aerospace company SpaceX. The office is called Excession and the man who helped build it is Jared Birchall, a former Morgan Stanley banker who has advised Musk on his interactions with Wall Street for several years, according to regulatory filings and legal documents.

Jack Dorsey set to pocket $978M if Elon Musk’s Twitter acquisition closes

Previous article

Microsoft beats on earnings after raising prices for Office

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News