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Why Elon Musk Gets to Waste $13 Billion in Loans and You Don’t, with Charles Khan
The "world's richest man," Elon Musk, purchased Twitter (since renamed X) for $44 billion in 2022. It's estimated he holds $13 billion of that amount as debt from bank and other loans. The site's always been a long way from seeing a profit, and is in a worse position since Musk's takeover. So what's the deal? And how can we change the separate set of rules for wealthy debtors?
