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

[Farmer-Rick]

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

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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.

[drray23]

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.

.

[Farmer-Rick]

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

[SouthernDem4ever]

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

just don't pay the bills.