Diddy Invested $10M in Elon Musk’s Twitter Takeover, Reports Say
Sean Combs, famously known as Diddy, has been identified as one of the unnamed financiers that supported Elon Musk’s $44 billion purchase of Twitter. According to TMZ, the Grammy-winning rapper and “Making the Band” producer contributed at least $10 million to the transaction. The 53-year-old hip-hop icon is claimed to have assisted Musk with his $1 billion acquisition of social media because he wanted a place at the table.
Tesla’s CEO, who paid $44 billion for the software giant last week, has already made his presence felt by letting go of massive numbers of employees around the world and restoring suspended accounts. With the aid of affluent investors, including Diddy, and loans from Wall Street banks, he was able to take control of Twitter.
The two are believed to be friends because they both attended a Dave Chappelle performance in May and Kanye West’s Dona 2 experience in February. According to former Forbes editor Zack O’Malley, Diddy, who also performs under the name Puff Daddy, just attained billionaire status, making him one of the richest musicians.
Diddy supports Musk’s vision for the microblogging platform, according to sources close to him, although they did not specify what that vision would be. With the aid of Wall Street banks and a few extremely wealthy investors, including purportedly Twitter co-founder Jack Dorsey and Saudi Arabian Prince Alwaleed bin Talal, the South African-born millionaire was able to do this.
Following his official billionaire status, which made him only the third Hip Hop artist in history, news of Diddy’s Twitter investment broke out. His successful investments in Cîroc, DeLeón Tequila, and REVOLT allowed him to join the exclusive club of billionaires.