Saudi Prince Owns Large Percentage of Twitter
686 views · Published 8 October 2015 · 2:30 · Indexed 12 November 2026
Channel: Real Thing TV · 2015 · News & Politics
Saudi billionaire prince doubles ownership of Twitter stock. Saudi billionaire Prince Alwaleed bin Talal and his investment company have doubled their ownership of Twitter's publicly traded shares in the past six weeks. A joint statement released Wednesday by the prince and the Riyadh-based Kingdom Holding Company says their combined shares represent more than 5 percent of Twitter's common stock, with a market value of $1 billion. The prince and KHC, which he chairs, originally invested $300 million in Twitter in 2011 before the micro-blogging site went public two years later. With the most recent investments, Prince Alwaleed holds roughly 30,100,000 shares in Twitter and KHC has nearly 4,850,000 shares.
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