Newly released legal documents have revealed a surprising connection between two of the most powerful people in business and entertainment, Sean “Diddy” Combs and Elon Musk. According to TMZ, the Bad Boy Entertainment CEO was one of the investors who helped Musk acquire Twitter (now rebranded as X) in 2022 for a staggering $44 billion.
The documents released on Wednesday list around 100 entities as shareholders in the platform. Didi’s involvement is listed under the name “Sean Combs Capital LLC” alongside other notable names such as hedge fund billionaire Bill Ackman, Saudi Arabia’s Prince Walesid bin Talal Al Saud and Twitter founder Jack Dorsey.
While it’s unclear exactly how much Diddy has invested in the platform, the revelation comes at a time when the music mogul is facing serious legal troubles. Once a dominant force in the music industry, Diddy is now embroiled in allegations of sex trafficking and assault that have cast a shadow over his once-stellar reputation.
The disclosure of the list followed a petition by independent technology journalist Jacob Silverman, who called for transparency on the issue in the public interest. The disclosure of the shareholder list coincides with an ongoing legal battle between Twitter and former employees who claim that the company violated arbitration agreements after Musk’s acquisition.
Diddy and Musk’s relationship isn’t exactly new — they were spotted together at Dave Chappelle’s comedy show in 2022 — but it was only recently that the full extent of Diddy’s financial involvement in Musk’s acquisition of Twitter was revealed.
It’s unclear which of those investors still own shares in the company as of August 2024. The revelations add further complexity to their public narrative as both men navigate tumultuous times, with Musk facing the challenge of re-branding X and Didi facing legal troubles.