Elon Musk’s X reveals shareholder list with Bill Ackman, Binance and Sean ‘Diddy’ Combs
3 min readElon Musk’s Company X has published its full list of shareholders as of June 2023 after being forced to do so by a court order.
The list includes a mix of high-profile investors and tech industry giants who have backed Musk’s plans to privatize the social media platform formerly known as Twitter.
Notable investors include venture capital heavyweights such as Andreessen Horowitz, Draper Fisher Jurvetson and Sequoia Capital, all of which had previously backed Musk’s takeover.
Binance on the X-Shareholders List
The list also includes Oracle co-founder Larry Ellison and cryptocurrency giant Binance, underscoring the diverse financial support for Musk’s initiatives.
Surprisingly, the list also includes names like Sean “Diddy” Combs through Sean Combs Capital, whose involvement was less well-known until a report in the Daily Mail.
Adding to the intrigue is activist investor Bill Ackman, known for his criticism of the institutional practices of Ivy League schools and who has invested through the Pershing Square Foundation.
Another prominent name is Joe Lonsdale’s 8VC, a firm with alleged ties to Russian oligarchs.
Also worth mentioning are shareholders such as Twitter co-founder Jack Dorsey and Saudi Prince Alwaleed bin Talal al Saud, who converted their original investments in Twitter into stakes in X after Musk took over.
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 details of this shareholder list were officially documented in a court filing on June 9, 2023, but were only made public this week following a legal request from the Reporters Committee for Freedom of the Press, which advocates for journalist Jacob Silverman.
In a blog post, Silverman highlighted that while many donors were already known, the newly published list provides crucial insights without disclosing exact ownership.
He said it was “a great starting point for journalists, researchers, regulators, activists and anyone else who wants to know what is going on behind the scenes of this important company.”
Binance aims for global expansion
In May, the Financial Intelligence Unit of India (FIU-IND) announced that Binance had successfully registered with the regulator and returned to the country after overcoming some regulatory hurdles.
The exchange had previously announced that it had received a license from Dubai regulator VARA , allowing the platform to serve retail clients in addition to qualified and institutional clients.
According to Bloomberg, the licensing process involved Binance founder and former CEO Changpeng Zhao giving up voting control of the Dubai unit.
In addition, earlier this year, Binance unveiled its joint venture crypto exchange Binance Thailand , which is operated in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development.
Binance Thailand, abbreviated as Binance TH, provides a platform for exchanging digital assets with trading pairs in Thai Baht.
It is worth noting that Binance is facing increasing scrutiny from regulators around the world.
Last year, the Commodity Futures Trading Commission (CFTC) filed charges against Binance for allegedly operating an illegal digital asset derivatives exchange and evading federal laws.
Likewise, the US Securities and Exchange Commission filed charges against Binance Holdings LTD and former CEO Changpeng Zhao (CZ) for allegedly operating unregistered exchanges, broker exchanges, clearing houses, and unregistered offering and selling of securities.
