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The world's richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter, according to US media and an investor in the firm.

The billionaire recently suggested that Russia should be allowed to annex Crimea, provoking a furious backlash from Ukrainian officials.

Western countries continue to focus on the wrong priorities, the billionaire CEO of Tesla Elon Musk appears to claim.

Musk has joked about the scandal on Twitter, writing: 'Finally, we get to use Elongate as scandal name. It’s kinda perfect. "

The billionaire Tesla boss agreed a £34.5 billion takeover deal with the Twitter board last month.

She tweeted about a billionaire with 'an ego problem...'

The EU warned Musk that Twitter would have to abide by European laws on hate speech if it wanted to avoid a ban.

He also suggested that Donald Trump could be allowed back on the platform by Musk.

Nigel Farage congratulated Elon Musk, saying he hopes this "marks a turning point" for the social media giant.