Famous Figures Among Twitter Shareholders
After acquiring Twitter for a reported $44 billion two years ago, the list of influential investors who assisted Elon Musk has been recently revealed. As unsealed court documents delivered by the Washington Post indicate that the once hip-hop icon and entrepreneur, Sean Combs, Twitter founder Jack Dorsey, and Saudi Prince Alwaleed bin Talal are among those who contributed to the hefty sum for the social media takeover. The prince is often compared to Warren Buffett for his financial acumen and stands as a significant shareholder in major corporations like Citibank.
Sean Combs has been embroiled in a legal dispute over sexual assault and violent abuse incidents with one of his former artists. Like Musk, it would make sense that there are allegations and damage control ambitions connected to their desire to take ownership of one of the most influential social media outlets when it comes to news.
Not trivially, the Washington Post is owned by Amazon billionaire Jeff Bezos.
Invested Elites And The Grand Scheme
It appears that Musk’s confident takeover of Twitter was financially backed by a secretive group of wealthy investors. Now disclosed, the list includes an array of significant figures in various industries such as tech entrepreneur Jack Dorsey, Larry Ellison, and Sean ‘Diddy’ Combs. The secrecy around the investors has been unravelled by a lawsuit filed in San Francisco by a non-profit. The court-ordered disclosure revealed this diverse investor list two years after Musk’s high-profile acquisition of Twitter for $44 billion. The roster includes other influential names like Bill Ackman and a few more holding companies that are, although not mainstream, still carry considerable weight in the investment universe.
Combs divergence from regular investments into the tech area has intrigued followers and industry analysts alike. Combs’ contribution to X doesn’t seem to slide in his customary portfolio, which historically revolved around glitz and glamour spheres. However, this investment isn’t a stand-alone novelty.
Several celebrities have taken a dive into the tech pool over the past few years, diversifying their enterprises by investing in burgeoning companies. Most famously, Shaquille O’Neal’s profitably foray into Ring cameras. Yet, the Combs’ affiliation, as mentioned earlier, also raised a few eyebrows, partially due to his recent involvements in sexual assault court trials and a few controversies linked to his name. His involvement comes amid increasing concerns about hate speech on the platform.