Economy

Sean ‘Diddy’ Combs invested in Elon Musk’s X takeover: Document

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(NewsNation) — Hip-hop mogul Sean “Diddy” Combs was one of the investors identified in a list of names behind the launch of Elon Musk’s (formerly Twitter) venture.

Last week, a federal judge ordered Musk to unseal a list with the names of shareholders of X Holdings Corp., who helped the entrepreneur buy the social media platform for $44 billion in October 2022.

Independent journalist Jacob Silverman and the nonprofit Reporters Committee for Freedom of the Press filed a motion in July to release the June 2023 records.

Around 100 entities are listed in the document. Some other big names include Saudi Prince Alwaleed bin Talal al Saud, Jack Dorsey, Bill Ackman, Larry Ellison and Marc Andreessen.


Diddy fires back against ‘Lil Rod’ abuse claims in new filing

Musk took Twitter private with his multibillion-dollar purchase of the company, proceeding to fire most of its executives and dissolve its board of directors.

In a blog post, Silverman wrote that “people have a right to know who owns a company with such a prominent role in shaping public discourse, both in the United States and around the world.”

Sean Combs Capital LLC, one of Combs’ many business ventures, is listed in the document but doesn’t say how much he invested in X.

Diddy lawsuits

Combs has been at the center of a storm of controversy and legal troubles where multiple individuals have come forward with allegations of sexual assault against him, leading to a series of lawsuits.

These accusations have triggered a federal investigation, with reports suggesting that authorities are looking into potential sex trafficking charges.

NewsNation partner The Hill and Nexstar’s Michael Bartiromo contributed to this report.