“Behind Closed Doors: The Secret Investors Shaping the Future of X.”
By Bernd Pulch, berndpulch.org
Bill Ackman, Elon Musk, and Saudi Prince Alwaleed bin Talal bin Abdulaziz Al Saud are just a few of the big names tied to the ownership of X, the platform formerly known as Twitter. In a dramatic court-ordered reveal, the curtain has been pulled back on nearly 100 investors, including billionaires, venture capital giants, and even royalty, as part of a lawsuit filed by former employees seeking unpaid arbitration fees.
The $44 billion social media empire, acquired by Musk in 2022, has been shrouded in secrecy—until now. A federal judge in California ruled this week to unseal the list of owners, exposing a star-studded lineup of stakeholders.
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The Power Players Behind X
- Bill Ackman – The billionaire investor and Pershing Square founder is tied to X through the Pershing Square Foundation, which he co-manages with his wife, Neri Oxman. Ackman is no stranger to X, using the platform to spar with Shark Tank’s Mark Cuban and critique Harvard University.
- Saudi Prince Alwaleed bin Talal bin Abdulaziz Al Saud – With a net worth of nearly $19 billion, the prince isn’t just a royal—he’s a major investor in X, alongside luxury hotels like the Four Seasons and tech companies like Lyft.
- Larry Ellison – The Oracle founder’s stake in X is held through the Lawrence J. Ellison Revocable Trust. Despite having over 130,000 followers, Ellison has only posted twice on the platform—once in 2012 and once in 2023.
- Sean “Diddy” Combs – The rapper and mogul is listed under Sean Combs Capital, LLC, adding X to his portfolio of ventures under the Combs Global brand.
- Jack Dorsey – The Twitter co-founder still holds a stake in X through the Jack Dorsey Remainder LLC, despite publicly criticizing Musk’s leadership and saying, “It all went south.”
Big Money Backers
- Fidelity – Nearly 30 Fidelity-linked entities are invested in X, including the Fidelity Blue Chip Growth Fund and Fidelity Contrafund. Fidelity’s filings had previously hinted at a 72% drop in X’s value since Musk’s takeover.
- Andreessen Horowitz – The Silicon Valley heavyweight is a major player, alongside other VC giants like Sequoia Capital and 8VC.
Surprising Stakeholders
- Danilo Kawasaki and Ross Gerber – Both are individual investors and leaders of the wealth management firm Gerber Kawasaki.
- Kingdom Holding Company – Linked to Saudi Prince Alwaleed, this entity also holds significant stakes in X.
- The Pershing Square Foundation – While independent, it’s closely tied to Bill Ackman’s investment empire.
Musk’s Dominance
Elon Musk remains the largest stakeholder in X through the Elon Musk Revocable Trust, established in 2003. His $44 billion takeover of Twitter in 2022 has been anything but smooth, with advertisers fleeing, mass layoffs, and widespread criticism of his leadership.
The Full List of Owners
The court-ordered disclosure reveals a who’s who of investors, including:
- 8VC Opportunities Fund II, L.P.
- Andreessen Horowitz LSV Fund III, L.P.
- ARK Venture Private Holdings LLC
- BAMCO, Inc.
- Binance Capital Management Co., Ltd
- Cheng and Chen Family Trust
- Danilo Kawasaki
- Elon Musk Revocable Trust
- Fidelity Blue Chip Growth Fund
- Gerber Kawasaki Inc.
- HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
- Jack Dorsey Remainder LLC
- Lawrence J. Ellison Revocable Trust
- Sean Combs Capital, LLC
- Sequoia Capital Fund, L.P.
- The Pershing Square Foundation
X has yet to comment on the explosive disclosure, but one thing is clear: the platform’s ownership reads like a who’s who of the world’s wealthiest and most influential figures.
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If you enjoyed this exclusive report, please consider supporting Bernd Pulch and his work at berndpulch.org/donation or become a patron on Patreon. Your contributions help keep independent journalism alive and thriving.
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