Sukesh Chandrasekhar has a $2 bn investment plan for Elon Musk's 'X'

Sukesh Chandrashekhar, imprisoned for fraud, has offered Elon Musk a $2 billion investment in his microblogging platform, X. Chandrashekhar plans an immediate $1 billion investment, with another $1 billion next year. Despite his legal troubles, he...

IANS
Sukesh Chandrasekhar
Sukesh Chandrashekhar, currently imprisoned in Delhi’s Tihar Jail for a multi-crore fraud case, has made a bold investment offer of $2 billion to Elon Musk.

In an open letter to the world's richest man, Chandrashekhar expressed his eagerness to invest $1 billion immediately in Musk’s microblogging platform, X (formerly known as Twitter), with an additional $1 billion set to follow next year.

"I am taking this Privilege and Pride today to say, Hey Elon, I am ready and wanting to invest '1 Billion USD' immediately and another '1 Billion USD' next year in your Company X, making a total '2 Billion USD' as investment," the letter read, adding that it was not an undervaluation of the platform.


Chandrashekhar, who referred to Musk as "my man," also extended his congratulations to former President Donald Trump, whom he referred to as “big brother,” commending his leadership in the Department of Government Efficiency (DOGE), which Trump is using to cut government spending.

Further, in his letter, Chandrashekhar praised Musk as a "bulletproof tankman," someone he deeply admires. He went on to express his admiration, stating, “Elon, you are someone who I really look up to, you are solid, Tankman, Bulletproof. What you have built is amazing. Being a part of that build would be the craziest and greatest thing for me."

Despite his legal troubles, including his involvement in a Rs 200-crore extortion case, Chandrashekhar maintains his innocence. He also claimed responsibility for setting up a highly successful online gaming platform, which he says generates nearly $3 billion annually.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Trending › Sukesh Chandrasekhar has a $2 bn investment plan for Elon Musk's 'X'
Text Size:AAA
Success
This article has been saved

*

+