Office staff of the world's richest person said he would instead take part in an hour-long virtual discussion on 'future disruption of global technological innovation' at the B20 on 14 November with Indonesian tycoon Anindya Bakrie
Elon Musk, the billionaire new owner of Twitter, won't go in person to Indonesia for a business gathering on the sidelines of the G20 summit, but will instead attend online, a senior Indonesian official said on 13 November.
Musk, who also owns electric car maker Tesla, was scheduled to speak at the so-called B20 business conference on the resort island of Bali, but a court case over his 2018 pay package worth about $56 billion in stock options is set to begin next week.
Office staff of the world's richest person said he would instead take part in an hour-long virtual discussion on "future disruption of global technological innovation" at the B20 on 14 November with Indonesian tycoon Anindya Bakrie.
The B20 lists Amazon founder Jeff Bezos, Canadian Prime Minister Justin Trudeau and Australian Prime Minister Anthony Albanese as attendees.
Indonesian President Joko Widodo travelled to Texas to meet Musk earlier this year for talks about Tesla investing in the nickel industry.
Indonesia has the largest nickel reserves in the world, and the pioneering electric car company is reportedly eyeing them for components for its batteries.
As for Musk's court case, the colossal pay packet being challenged in a Delaware court by a Tesla shareholder was approved by the company's shareholders at the time.
But the plaintiff argued Musk as majority shareholder presided over a conflicted transaction approved by a board he controlled and that it should be rescinded.
The case will be overseen by the same judge, who last month, ruled Musk must honor his multi-billion dollar buyout of Twitter.
World leaders including Chinese President Xi Jinping and US President Joe Biden will travel to the summit on the mostly Hindu island for talks with other G20 leaders.
Russian President Vladimir Putin will be absent from the meet as war continues to rage in Ukraine.
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