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Posted On: 5 May 2022 08:16 pm
Updated On: 6 May 2022 01:12 pm

Qatar Investment Authority provides Elon Musk with $375 million for Twitter purchase

Tracy Quirino
Tracy Quirino
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Qatar investment authority funds elon musk

As per Bloomberg's report, Elon Musk has received more than $7 billion in equity financing to fund his $44 billion acquisition of Twitter. In order for Elon Musk to hold such an amount, he received new financing from various investors including Qatar Holding, LLC.

Qatar Holding, LLC's parent company, Qatar Investment Authority, reportedly committed $375 million to Elon Musk for this acquisition. With this amount, it has made Qatar Investment Authority, the sixth highest backer of Elon Musk at $375 million.

Source and cover image credit: Bloomberg, Marsal Qatar