Elon Musk's Twitter Investors Include Jack Dorsey, Saudi Prince, Qatar Investment Authority

Saudi Prince Alwaleed bin Talal is the "second-largest investor" in Twitter's new parent company.

Advertisement
By Andrew Pollack, Bloomberg | Updated: 1 November 2022 13:04 IST
Highlights
  • Musk first agreed to buy Twitter in April
  • Dorsey lamented that the company was "owned" by Wall Street
  • Alwaleed was quick to endorse Musk's plan to acquire Twitter

Alwaleed was quick to endorse Musk's plan to acquire Twitter

Elon Musk bought Twitter last week for $44 billion with the help of Wall Street bank loans and shareholders who agreed to roll over their interest in the social media service in exchange for a stake of the new private company.

That means Twitter, whose shares were delisted last week after almost a decade as a public company, has a new lineup of top investors.

Advertisement

Prince Alwaleed bin Talal

Regulatory filings show the Saudi Prince moved almost 35 million Twitter shares through the Kingdom Holding, worth about $1.9 billion (roughly Rs. 15,700 crore) at the $54.20 (roughly Rs. 4,500) per share sale price. That made him the "second-largest investor" in the new parent company.

Advertisement

Alwaleed was quick to endorse Musk's plan to acquire Twitter, saying in May that Musk would be "an excellent leader" for the social media company.

Jack Dorsey

Twitter's co-founder and former chief executive officer rolled over just more than 18 million shares, or about 2.4 percent of the public company, worth about $978 million (roughly Rs. 8,090 crore) at the merger price. That gave him shares of Musk's X Holdings I, which controls Twitter.

Advertisement

After Musk first agreed to buy Twitter in April, Dorsey lamented that the company was "owned" by Wall Street and said that taking it private was the "correct" first step.

Qatar Investment Authority

A subsidiary of the sovereign wealth fund of Qatar contributed $375 million (roughly Rs. 3,100 crore) in exchange for shares of Musk's holding company.

Advertisement

The Bloomberg Billionaires Index estimates the value of the stakes rolled over from Twitter stock declined by about 40 percent since Musk made his offer in April, based on a drop in an index of social-media company shares.

© 2022 Bloomberg LP
 

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Elon Musk, Twitter
Advertisement

Related Stories

Popular Mobile Brands
  1. Mysterious Stacked Rocks Spotted by NASA Perseverance Rover on Mars
  1. NASA Just Released One of the Most Detailed Maps of the Night Sky Ever
  2. Bhagubai Out on OTT: Know How to Stream This Marathi Comedy Drama Film Online
  3. Mad For Each Other OTT Release: Where to Watch the Indian Relationship Reality Show Online
  4. Salbardi OTT Release: Where to Watch Pooja Sawant’s Marathi Crime Mystery Thriller Online
  5. Bhojpuri Bawaal OTT Release Date Reportedly Revealed Online: Know Everything About This Upcoming Reality Series
  6. Mysterious Stacked Rocks Spotted by NASA Perseverance Rover on Mars
  7. Meta Launches Forum App as a Reddit-Like Platform for Discussions With AI-Powered Assistant for Admins
  8. Xiaomi 17T Series Teased to Arrive in Two Display Variants; Colour Options Revealed Ahead of Debut
  9. Honor Magic 9 Series Could Feature 8,000mAh Batteries; Tipster Leaks Camera, Display Upgrades
  10. Google Might Sell Over 2 Million Android XR-Powered Smart Glasses This Year: Report
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.