Invoice Ackman and Sean ‘Diddy’ Combs are a few of the record of homeowners of Elon Musk’s X, the social media website previously referred to as Twitter.
The platform has been compelled to expose its traders as a part of a lawsuit introduced by means of former staff, who’re looking for cost of arbitration charges incurred following Musk’s acquire of the website.
Up to now, X has argued that its traders have been invisible as a question of “routine practice and policy,” however this time, a federal pass judgement on in California dominated to unseal the record of the website’s homeowners.
A number of the just about 100 homeowners of the social media gigantic are some regular names, each from the arena of funding and inside the X universe.
Up to now high-profile traders like Constancy were hooked up with X, maximum significantly as a result of the funding car’s filings implied a 72% reduce within the corporate’s worth since Musk took it over.
On the other hand, the unedited submitting unearths the funding behemoth’s backing of the platform, with virtually 30 distant Constancy-linked entities keeping stakes within the emblem.
This time’s unsealed paperwork additionally lay naked the lesser-known stakeholders within the corporate.
The record revealed by means of Fortune unearths The Pershing Sq. Footing owns a stake in X. If the identify sounds regular, that’s on account of its hyperlink to Pershing Sq. Holdings, based by means of billionaire investor Invoice Ackman two decades in the past.
Even supposing the bedrock of the similar identify is led by means of an isolated senior management workforce, Ackman and his spouse Neri Oxman are co-trustees.
Ackman is a vocal consumer of X and often makes use of the platform to handle alternative high-profile people and entities. He makes use of it to debate Shark Tank famous person Mark Cuban and lift questions in regards to the management of his alma mater, Harvard College.
In different places at the record of homeowners is Oracle founder Larry Ellison. The stake in X comes by means of the Lawrence J. Ellison Revocable Consider, the essential industry of which, according to an SEC file filed in 2008 and revealed by means of Fortune, is to “hold the assets and estate of Mr. Ellison.”
The pursuits of the consider and Oracle undergo refuse relation to every alternative, the SEC submitting provides.
Not like Ackman, Ellison isn’t as avid a consumer of the website. Regardless of having greater than 130,000 fans, Ellison has posted thrice—as soon as in 2012 and as soon as in 2023.
Any other noteceable identify at the record is Sean Combs Capital.
Date SEC filings display refuse suits for the corporate, the industry has in the past been related to the American rapper Diddy—in the past referred to as Puff Daddy—who has introduced quite a few companies beneath his start identify.
Those have incorporated the Sean Combs Footing, Combs Investments and extra lately the umbrella emblem for his holdings, Combs International.
Musk has additionally controlled to draw some royal consideration for his enterprise, with HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud additionally featured at the record.
The Saudi Prince has a web usefulness simply shy of $19 billion, according to Forbes, and in addition has holdings within the likes of luxurious resorts the 4 Seasons and the Savoy, in addition to alternative generation corporations like ride-sharing corporate Lyft.
It additionally turns out that, regardless of his complaint of Musk’s management, Jack Dorsey nonetheless owns stocks within the platform he based by means of the Jack Dorsey Remains LLC.
The Twitter co-founder in the past sponsored the Tesla CEO in his takeover of the corporate however walked again his backup previous this date, telling a member on rival social media platform Bluesky, “It all went south.”
Doubling unwell on investments
A number of the much less names are some organizations that now not handiest accumulation stakes in X as a industry however have additionally revealed senior leaders tone in.
Snatch the likes of Danilo Kawasaki and Ross Gerber.
Consistent with the submitting, the pair are named as person traders in X however actually have a stake within the industry they manage, the wealth and funding control company Gerber Kawasaki.
In different places at the record are the Silicon Valley VCs one may be expecting: 8VC, Andreessen Horowitz and Sequioa.
The record, after all, additionally options Musk himself. By means of the Elon Musk Revocable Consider the SpaceX founder may be indexed.
Musk bought the website for $44 billion in 2022, regardless that the submitting didn’t put together cloudless the share of his funding vs. that of others. Since next, the industry has been beleaguered by means of departing advertisers, aggregate layoffs, and complaint of Musk’s technique.
X didn’t in an instant reply to Fortune’s request for remark.
The overall record
- 8VC Alternatives Investmrent II, L.P.
- ADREM X LLC
- ADREM Y LLC
- Afshar Companions, LP
- Andrea Stroppa
- Andreessen Horowitz LSV Investmrent III, L.P.
- Anthem Ventures, LLC
- ARK Mission Personal Holdings LLC
- BAMCO, Inc.
- Bandera Investmrent LLC
- Baron Alternative Investmrent
- Baron Companions Investmrent
- Binance Capital Control Co., Ltd
- Brookfield Undertaking X L.P.•CCM 2020 Investments LLC
- Cheng and Chen Community Consider
- CNK Investmrent IV, L.P.
- Danilo Kawasaki
- Dayton Community Enterprises, LLC
- Dayton Community Investments, LLC
- DFJ GROWTH IV, L.P.
- DFJ GROWTH IV PARALLEL FUND, LLC
- DFJ GROWTH X-I, L.P.
- Eden Courting Capital L.P.
- Elon Musk as Trustee of the Elon Musk Revocable Consider dated July 22, 2003
- FIAM Goal Pace Blue Chip Enlargement Commingled Pond Via: Constancy InstitutionalAsset Control Consider Corporate as Trustee
- Constancy Blue Chip Enlargement Commingled Pond Via: Constancy Control TrustCompany, as Trustee
- Constancy Blue Chip Enlargement Institutional Consider Via its supervisor Constancy InvestmentsCanada ULC
- Constancy Canadian Enlargement Corporate Investmrent by means of its supervisor Constancy InvestmentsCanada ULC
- Constancy Central Funding Portfolios LLC: Constancy U.S. Fairness Central Investmrent -Communique Services and products Sub
- Constancy Contrafund: Constancy Consultant Brandnew Insights Investmrent – Sub A
- Constancy Contrafund: Constancy Consultant Brandnew Insights Investmrent – Sub B
- Constancy Contrafund: Constancy Contrafund•Constancy Contrafund: Constancy Contrafund K6
- Constancy Contrafund: Constancy Layout Opportunistic Insights Investmrent
- Constancy Contrafund Commingled Pond Via: Constancy Control Consider Corporate,as Trustee
- Constancy Future Portfolios: Constancy Consultant Assorted Reserve Investmrent
- Constancy International Enlargement and Worth Funding Consider – Sub A Via its supervisor Constancy Investments Canada
- Constancy International Innovators Funding Consider by means of its supervisor Constancy InvestmentsCanada ULC
- Constancy Enlargement Corporate Commingled Pond Via: Constancy Control TrustCompany, as Trustee
- Constancy Insights Funding Consider Via its supervisor Constancy Investments CanadaULC
- Constancy Mt. Vernon Boulevard Consider: Constancy Enlargement Corporate Investmrent
- Constancy Mt. Vernon Boulevard Consider : Constancy Enlargement Corporate K6 Investmrent
- Constancy Mt. Vernon Boulevard Consider: Constancy Layout Enlargement Corporate Investmrent
- Constancy OTC Commingled Pond Via: Constancy Control Consider Corporate, as Trustee
- Constancy Puritan Consider: Constancy Puritan Investmrent – Fairness Sub B
- Constancy Puritan Consider: Puritan K6 Investmrent – Fairness Subportfolio•Constancy Securities Investmrent: Constancy Blue Chip Enlargement Investmrent
- Constancy Securities Investmrent: Constancy Blue Chip Enlargement K6 Investmrent
- Constancy Securities Investmrent: Constancy OTC K6 Portfolio
- Constancy Securities Investmrent: Constancy OTC Portfolio
- Constancy Make a selection Portfolios : Make a selection Communique Services and products Portfolio•G64 Ventures LLC
- Gerber Kawasaki Inc.
- GFNCI LLC
- Gigafund 0.21, LP
- Glacier Ventures LLC
- Proceed Mav, LLC
- HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
- HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
- IMG US, LLC
- Jack Dorsey Remains LLC
- Jack Dorsey Tr Ua 12/08/2010 Jack Dorsey Revocable Consider
- Kingdom Keeping Corporate
- Lawrence J. Ellison Revocable Consider
- Linda Ye and Robin Ren Community Footing
- Litani Ventures•Luchi Fiduciaria SR POS. 365
- Ny Mission Companions X LLC
- Mirae Asset Innovation X ONE, LLC
- Mirae Asset Undertaking X Investmrent I, LP•Olivier Janssens
- Q Tetris Keeping LLC
- Ross Gerber
- Santo Lira LLC
- SC CDA1 LLC
- SCGE Investmrent, L.P.•SCGGF III – U.S./Republic of India Control, L.P.
- SCHF (M) PV, L.P.
- Scott Nolan
- SC US/E Growth Investmrent I Control, L.P.
- Sean Combs Capital, LLC
- Sequent (Schweiz) AG as Trustee of the Debala Consider
- Sequioa Capital Investmrent, L.P.
- Layout N Dis, a line of Atreides Particular Cases Investmrent, LLC
- Shahidi Tactic Workforce, LLC
- Steve Davis
- T. One Holdings LLC
- The Pershing Sq. Footing
- TM33 Spouse Holdings
- Tresser Blvd 402 LLC
- UnipolSai S.P.A.
- Variable Insurance coverage Merchandise Investmrent II: VIP Contrafund Portfolio – Subportfolio A
- VYC25 Restricted
- X Holdings I Funding, LLC
