Saudi-Arabian billionaire Prince Alwaleed bin Talal has taken a $ 300 m stake in Twitter . But that ’s belittled change to this guy , whose wealth is estimated to be just below $ 20bn .
If you ’re to trust that Twitter is worth the $ 8bn thatsome analysts predicted in July , the investment amounts to a 3.75 % stake . According to The Guardian , Alwaleed articulate about the deal :
“ Our investiture in Twitter reaffirms our ability in identifying desirable opportunities to empower in promising , eminent - growth businesses with a planetary impact . ”
Alwaleed also holds a 7 % bet in News Corporation , Ruper Murdoch ’s elephantine medium endeavor . The man has some reasonably heavyweight connexion , then . [ The Guardian ]
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