X, owned by Elon Musk, Discloses Shareholder Roster Featuring Bill Ackman, Binance, and Sean ‘Diddy’ Combs

Elon Musk’s enterprise X has disclosed its full roster of shareholders as of June 2023, following a court mandate.

The roster features a combination of prominent investors and established figures from the tech sector who have supported Musk’s endeavor to privatize the social media platform previously known as Twitter.

Among the distinguished investors are venture capital titans such as Andreessen Horowitz, Draper Fisher Jurvetson, and Sequoia Capital, all of whom had earlier backed Musk’s acquisition.

Binance Included in X Shareholder List

Also listed are Oracle co-founder Larry Ellison and cryptocurrency powerhouse Binance, underscoring the varied financial support behind Musk’s projects.

Interestingly, the list also includes individuals like Sean “Diddy” Combs through Sean Combs Capital, whose participation had been less publicized until a report by the Daily Mail.

Adding to the complexity is Bill Ackman, the activist investor known for his critiques of institutional practices at Ivy League universities, who has invested through the Pershing Square Foundation.

Another notable entity is Joe Lonsdale’s 8VC, a firm reportedly linked to Russian oligarchs.

Also significant are shareholders such as Twitter co-founder Jack Dorsey and Saudi Prince Alwaleed bin Talal al Saud, who converted their original Twitter investments into stakes in X following Musk’s acquisition.

Elon Musk has complied after all and provided a list of X Holding Corp shareholders who helped the billionaire buy Twitter. And who do you think turned out to be the investors of the X platform? That’s right, Petr Aven and Vadim Moshkovich. Now it is absolutely obvious where Musk… pic.twitter.com/qGE3p7FATk

— Denis Danilov (@DenisDanilovL) August 24, 2024

The specifics of this shareholder list were officially recorded in a court filing on June 9, 2023, but only became public this week following a legal motion by the Reporters Committee for Freedom of the Press, advocating on behalf of journalist Jacob Silverman.

In a blog entry, Silverman emphasized that while many supporters were already known, the newly published list offers essential insights without revealing specific ownership percentages.

He stated it’s “a great starting point for journalists, researchers, regulators, activists, and anyone else who wants to know what’s going on behind the scenes of this important company.”

Binance Pursues Global Growth

In May, the Financial Intelligence Unit of India (FIU-IND) announced that Binance has successfully registered with the regulatory authority, marking its return to the country after facing some regulatory challenges.

Before that, the exchange revealed that it had secured a license from Dubai’s regulator, VARA, allowing the platform to serve retail clients as well as qualified and institutional ones.

According to Bloomberg, the licensing process required Binance’s founder and former CEO, Changpeng Zhao, to relinquish voting control of the Dubai unit.

Moreover, earlier this year, Binance launched its joint venture crypto exchange Binance Thailand, in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development.

Binance Thailand, abbreviated as Binance TH, offers a platform for digital asset exchange services with Thai baht trading pairs.

It is important to note that Binance has encountered increasing regulatory scrutiny globally.

Last year, the Commodity Futures Trading Commission (CFTC) filed charges against Binance for allegedly operating an illegal digital asset derivatives exchange and evading federal regulations.

Similarly, the US Securities and Exchange Commission charged Binance Holdings LTD and ex-CEO Changpeng Zhao (CZ) for allegedly running unregistered exchanges, broker exchanges, clearing houses, and the unregistered offer and sale of securities.

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