King Charles III sues Elon Musk: here's why

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King Charles III sues Elon Musk: here's why

King Charles III of the United Kingdom sues Elon Musk, new owner of Twitter. Musk and his company have been sued by Crown Estate, a holding company of British Crown properties, for non-payment of rent at the London headquarters of the US social media.

The lawsuit was filed in the High Court and the alleged arrears, according to the BBC, relate to offices located near Piccadilly Circus. According to lawyer John Wallace, quoted by the Guardian, the first hearing on the case will probably take place in the next six months and this comes amid a general picture of a national economy in difficulty which could lead to an increase in requests for arrears for commercial rents.

Before proceeding with the legal action, the holding had contacted the British managers of the social network, but without obtaining an answer. The lawsuit comes a few months after the controversial takeover of Twitter by the second richest man in the world, owner of Tesla.

The Crown Estate, whose proceeds go to the State, while the royal family receives a percentage for its institutional activity and for the public commitments of its members, controls 241 properties in London alone, while the total value of its properties is estimated at £15.6 billion.

About Elon Musk

Elon Musk is a South African entrepreneur with Canadian citizenship naturalized in the United States. He covers the roles of founder, CEO and technical director of the aerospace company SpaceX, founder of The Boring Company, co-founder of Neuralink and OpenAI, CEO and product architect of the multinational automotive company Tesla, owner and president of Twitter.

He also proposed a super-fast transportation system known as the Hyperloop, which is still under development. Musk said Tesla and SpaceX's goal focuses on the ideal of improving the world and humanity. One of his goals is also to reduce global warming through the use of renewable energy and reduce the risk of human extinction or natural disasters by establishing a human colony on Mars.

Through Starlink, a constellation of satellites manufactured and managed by SpaceX, he would instead like to provide high-speed, low-latency Internet to the entire planet.cAccording to Forbes, as of December 27, 2022, with an estimated assets of 146.5 billion dollars, he is the second richest person in the world.