Records show Saudi prince who rejected Elon Musk’s offer to buy Twitter sold all of his personal shares in 2019

American News Apr 15, 2022 5:50 PM EST

The Saudi prince who publicly rejected Elon Musk’s offer to buy Twitter has been revealed to have sold all of his personal shares in 2019.

Records show Saudi prince who rejected Elon Musk's offer to buy Twitter sold all of his personal shares in 2019

The Saudi prince who publicly rejected Elon Musk’s offer to buy Twitter has been revealed to have sold all of his personal shares in 2019.

On Thursday, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud publicly rejected Elon Musk’s offer to buy Twitter for $43 billion.

The prince owns 95% of Kingdom Holdings Company, which continues to own shares on Twitter, however, records show he sold all of his personal shares in 2019.

Following Prince Alwaleed’s rejection of Elon Musk’s offer, Twitter user @zerohedge posted recordings appearing to show the Saudi king has held no personal shares for years.

The fact that the sale of Prince Alwaleed’s shares took place shortly after his release from detention at the Riyadh Ritz Carlton was also highlighted. According to The Guardianhe had spent nearly three months there as part of an “anti-corruption roundup”.

At the time, The Guardian reported that many other detainees were released after “exchanging money, real estate and other goods for their freedom”.

Prince Alwaleed first bought Twitter shares in 2011, before the social media company gained international popularity.

In 2015, he and the KHC increased their stake in Twitter to 5.2%.

Join and support independent free thinkers!

We are independent and cannot be undone. The establishment media is increasingly devoted to the culture of canceling divisiveness, corporate revival and political correctness, while hiding corruption in the corridors of power. The need for factual journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support press freedom at a time when it is under direct attack.
Join the ranks of independent and free thinkers by supporting us today for as little as $1.

Leave a Comment