Tech

Elon Musk was simply compelled to disclose who actually owns X. Right here’s the record


Invoice Ackman and Sean “Diddy” Combs are among the many record of homeowners of Elon Musk’s X, the social media web site formerly known as Twitter.

The platform has been forced to disclose its investors as part of a lawsuit brought by former employees, who’re searching for cost of arbitration charges incurred following Musk’s purchase of the site.

Beforehand, X has argued that its traders had been confidential as a matter of “routine observe and coverage,” however this week, a federal decide in California dominated to unseal the record of the positioning’s house owners.

Among the many almost 100 house owners of the social media large are some acquainted names, each from the world of funding and throughout the X universe.

Beforehand, high-profile traders like Constancy have been related with X, most notably as a result of the investment vehicle’s filings implied a 72% drop in the company’s value since Musk took it over.

Nonetheless, the newest submitting reveals the funding behemoth’s backing of the platform, with virtually 30 separate Constancy-linked entities holding stakes within the model.

This week’s unsealed paperwork additionally lay naked the lesser-known stakeholders within the firm.

The record seen by Fortune reveals the Pershing Sq. Basis owns a stake in X. If the title sounds acquainted, that is due to its hyperlink to Pershing Sq. Holdings, based by billionaire investor Invoice Ackman 20 years in the past.

Though the inspiration of the identical title is led by an impartial senior management group, Ackman and his spouse, Neri Oxman, are co-trustees.

Ackman is a vocal consumer of X and often makes use of the platform to deal with different high-profile people and entities. He has used it to debate Shark Tank star Mark Cuban and lift questions about the leadership of his alma mater, Harvard University.

Elsewhere on the record of homeowners is Oracle founder Larry Ellison. The stake in X comes through the Lawrence J. Ellison Revocable Belief, the principal enterprise of which, per an SEC report filed in 2008 and seen by Fortune, is to “maintain the belongings and property of Mr. Ellison.”

The pursuits of the belief and Oracle bear no relation to one another, the SEC submitting provides.

Not like Ackman, Ellison will not be an avid consumer of the positioning. Regardless of having greater than 130,000 followers, Ellison has posted twice—as soon as in 2012 and as soon as in 2023.

One other notable title on the record is Sean Combs Capital.

Whereas SEC filings present no matches for the corporate, the enterprise has beforehand been linked to the American rapper Diddy—beforehand generally known as Puff Daddy—who has launched quite a few companies beneath his start title.

These have included the Sean Combs Basis, Combs Investments, and extra lately the umbrella model for his holdings, Combs World.

Musk has additionally managed to draw some royal consideration for his endeavor, with HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud additionally featured on the record.

The Saudi prince has a internet value simply shy of $19 billion, per Forbes, and in addition has holdings within the likes of luxurious resorts the 4 Seasons and the Savoy, in addition to different expertise corporations like ride-sharing firm Lyft.

It additionally appears that regardless of his criticism of Musk’s management, Jack Dorsey nonetheless owns shares within the platform he based through the Jack Dorsey The rest LLC.

The Twitter cofounder beforehand backed the Tesla CEO in his takeover of the corporate however walked back his support earlier this year, telling a member on rival social media platform Bluesky, “It all went south.”

Doubling down on investments

Among the many much less eminent names are some organizations that not solely maintain stakes in X as a enterprise however have additionally seen senior leaders pitch in.

Take the likes of Danilo Kawasaki and Ross Gerber.

In accordance with the submitting, the pair are named as particular person traders in X but in addition have a stake within the enterprise they lead, the wealth and funding administration agency Gerber Kawasaki.

Elsewhere on the record are the Silicon Valley VCs one may count on: 8VC, Andreessen Horowitz, and Sequoia.

The record, in fact, additionally options Musk himself. By way of the Elon Musk Revocable Belief, the SpaceX founder can be listed.

Musk bought the positioning for $44 billion in 2022, although the submitting didn’t clarify the proportion of his funding versus that of others. Since then, the enterprise has been beleaguered by departing advertisers, mass layoffs, and criticism of Musk’s strategy.

X didn’t instantly reply to Fortune‘s request for remark.

The total record

  • 8VC Alternatives Fund II, L.P.

  • ADREM X LLC

  • ADREM Y LLC

  • Afshar Companions, LP

  • Andrea Stroppa

  • Andreessen Horowitz LSV Fund III, L.P.

  • Anthem Ventures, LLC

  • ARK Enterprise Personal Holdings LLC

  • BAMCO, Inc.

  • Bandera Fund LLC

  • Baron Alternative Fund

  • Baron Companions Fund

  • Binance Capital Administration Co., Ltd

  • Brookfield Challenge X L.P.•CCM 2020 Investments LLC

  • Cheng and Chen Household Belief

  • CNK Fund IV, L.P.

  • Danilo Kawasaki

  • Dayton Household Enterprises, LLC

  • Dayton Household Investments, LLC

  • DFJ GROWTH IV, L.P.

  • DFJ GROWTH IV PARALLEL FUND, LLC

  • DFJ GROWTH X-I, L.P.

  • Eden Relationship Capital L.P.

  • Elon Musk as Trustee of the Elon Musk Revocable Belief dated July 22, 2003

  • FIAM Target Date Blue Chip Development Commingled Pool By: Constancy InstitutionalAsset Administration Belief Firm as Trustee

  • Constancy Blue Chip Development Commingled Pool By: Constancy Administration TrustCompany, as Trustee

  • Constancy Blue Chip Development Institutional Belief By its supervisor Constancy InvestmentsCanada ULC

  • Constancy Canadian Development Firm Fund by its supervisor Constancy InvestmentsCanada ULC

  • Constancy Central Funding Portfolios LLC: Constancy U.S. Fairness Central Fund -Communication Providers Sub

  • Constancy Contrafund: Constancy Advisor New Insights Fund – Sub A

  • Constancy Contrafund: Constancy Advisor New Insights Fund – Sub B

  • Constancy Contrafund: Constancy Contrafund•Constancy Contrafund: Constancy Contrafund K6

  • Constancy Contrafund: Constancy Collection Opportunistic Insights Fund

  • Constancy Contrafund Commingled Pool By: Constancy Administration Belief Firm,as Trustee

  • Constancy Future Portfolios: Constancy Advisor Diversified Inventory Fund

  • Constancy World Development and Worth Funding Belief – Sub A By its supervisor Fidelity Investments Canada

  • Constancy World Innovators Funding Belief by its supervisor Constancy InvestmentsCanada ULC

  • Constancy Development Firm Commingled Pool By: Constancy Administration TrustCompany, as Trustee

  • Constancy Insights Funding Belief By its supervisor Constancy Investments CanadaULC

  • Constancy Mt. Vernon Road Belief: Constancy Development Firm Fund

  • Constancy Mt. Vernon Road Belief : Constancy Development Firm K6 Fund

  • Constancy Mt. Vernon Road Belief: Constancy Collection Development Firm Fund

  • Constancy OTC Commingled Pool By: Constancy Administration Belief Firm, as Trustee

  • Constancy Puritan Belief: Constancy Puritan Fund – Fairness Sub B

  • Constancy Puritan Belief: Puritan K6 Fund – Fairness Subportfolio•Constancy Securities Fund: Constancy Blue Chip Development Fund

  • Constancy Securities Fund: Constancy Blue Chip Development K6 Fund

  • Constancy Securities Fund: Constancy OTC K6 Portfolio

  • Constancy Securities Fund: Constancy OTC Portfolio

  • Constancy Choose Portfolios : Choose Communication Providers Portfolio•G64 Ventures LLC

  • Gerber Kawasaki Inc.

  • GFNCI LLC

  • Gigafund 0.21, LP

  • Glacier Ventures LLC

  • Go Mav, LLC

  • HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud

  • HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud

  • IMG US, LLC

  • Jack Dorsey The rest LLC

  • Jack Dorsey Tr Ua 12/08/2010 Jack Dorsey Revocable Belief

  • Kingdom Holding Firm

  • Lawrence J. Ellison Revocable Belief

  • Linda Ye and Robin Ren Household Basis

  • Litani Ventures•Luchi Fiduciaria SR POS. 365

  • Manhattan Enterprise Companions X LLC

  • Mirae Asset Innovation X ONE, LLC

  • Mirae Asset Challenge X Fund I, LP•Olivier Janssens

  • Q Tetris Holding LLC

  • Ross Gerber

  • Santo Lira LLC

  • SC CDA1 LLC

  • SCGE Fund, L.P.•SCGGF III – U.S./India Administration, L.P.

  • SCHF (M) PV, L.P.

  • Scott Nolan

  • SC US/E Enlargement Fund I Administration, L.P.

  • Sean Combs Capital, LLC

  • Sequent (Schweiz) AG as Trustee of the Debala Belief

  • Sequioa Capital Fund, L.P.

  • Collection N Dis, a sequence of Atreides Particular Circumstances Fund, LLC

  • Shahidi Tactic Group, LLC

  • Steve Davis

  • T. One Holdings LLC

  • The Pershing Sq. Basis

  • TM33 Accomplice Holdings

  • Tresser Blvd 402 LLC

  • UnipolSai S.P.A.

  • Variable Insurance coverage Merchandise Fund II: VIP Contrafund Portfolio – Subportfolio A

  • VYC25 Restricted

  • X Holdings I Funding, LLC

This story was initially featured on Fortune.com



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