Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Farmer-Rick

(9,934 posts)
Wed Jan 25, 2023, 02:23 PM Jan 2023

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.
3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Twitter sued by Crown Estate over alleged unpaid rent at UK HQ (Original Post) Farmer-Rick Jan 2023 OP
I get your point but the king of England is far from being the richest. drray23 Jan 2023 #1
Really? Hmmm Farmer-Rick Jan 2023 #2
Musk is just following the Orange Vomit's plan SouthernDem4ever Jan 2023 #3

drray23

(7,540 posts)
1. I get your point but the king of England is far from being the richest.
Wed Jan 25, 2023, 02:36 PM
Jan 2023

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.

.

Farmer-Rick

(9,934 posts)
2. Really? Hmmm
Wed Jan 25, 2023, 03:40 PM
Jan 2023

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

Latest Discussions»Latest Breaking News»Twitter sued by Crown Est...