Wed Jan 25, 2023, 02:23 PM

Twitter sued by Crown Estate over alleged unpaid rent at UK HQ

Source: BBC

The Estate - which oversees a property portfolio belonging to the King - filed a claim against Twitter in the High Court in London last week, according to Reuters news agency.

The alleged arrears relate to office space near Piccadilly Circus in central London, the BBC has been told.

It comes after Elon Musk, the world's second richest man, paid $44bn (£36bn) to take control of Twitter in October last year before slashing more than half of the firm's global workforce of around 7,000.

The Crown Estate took legal action after previously contacting Twitter about rental arrears over office space at Air Street.

Read more: https://www.bbc.com/news/uk-64381582

The King of England is suing Musk for back/current rent.

The richest man in the US vs the richest man in England. The filthy rich exchanging wealth.

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3 replies	Author	Time	Post
Twitter sued by Crown Estate over alleged unpaid rent at UK HQ (Original post)	Farmer-Rick	Jan 25	OP
I get your point but the king of England is far from being the richest.	drray23	Jan 25	#1
Really? Hmmm	Farmer-Rick	Jan 25	#2
Musk is just following the Orange Vomit's plan	SouthernDem4ever	Jan 25	#3

Response to Farmer-Rick (Original post)

Wed Jan 25, 2023, 02:36 PM

drray23 (6,936 posts)

1. I get your point but the king of England is far from being the richest.

there are many billionaires that are wealthier. I think the crown assets are estimated at slightly over a billion. James dyson is around 30 billions for example.

.

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Response to drray23 (Reply #1)

Wed Jan 25, 2023, 03:40 PM

Farmer-Rick (8,087 posts)

2. Really? Hmmm

I saw a documentary that said otherwise because of their lack of tax liability on parts of their wealth.

"Dissecting the royal family's financial empire isn't straightforward. Last year, Forbes put the headline value of its holdings at $28 billion, theoretically making the Windsors one of the two richest clans in Britain. Among those holdings are instantly recognizable icons like Buckingham Palace and crown jewels."

So......2nd wealthiest, a $2 billion difference, excluding the value of tax free future income.

https://www.google.com/amp/s/www.nytimes.com/2022/09/09/business/dealbook/britain-royal-family-wealth.amp.html

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Response to Farmer-Rick (Original post)

Wed Jan 25, 2023, 08:19 PM

SouthernDem4ever (2,101 posts)

3. Musk is just following the Orange Vomit's plan

just don't pay the bills.

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