The ultra -rich royal family Abu Dhabi is ready to obtain a share in American operations in Tiktoku through an agreement facilitated by President Donald Trump. The news suggests that the MGX, a fund led by the Sheikh Tahon Bin Zayed Al Nahyan, will gain 15% of the ownership with the chair on the company council.
According to The Guardian, the Royal Family in Abu Dhabi will hold a share in the US that was awarded $ 14 billion ( £12 4197 crore).
On Thursday, September 25, Trump signed an executive order approved by the agreement and stated that the tiktok “would be owned by most and dominated by the United States and would no longer be checked by any foreign opponent”. Allowed the 120 -day period to complete the conditions.
Trump described the buyer as “very sophisticated Americans and people who love their country”. He said, “We have American investors who have taken it, they run it (who are) highly sophisticated, including Larry Ellison (founder Oracle).”
Oracle, founded by Larry Ellison, along with the private capital firm Silver Lake and MGX Abu Dhabi, will be together around 45 percent of us Tiktok. The Statnance, the Chinese parent company of the application, is expected to maintain a 19.9% share, while the remaining ownership will be divided among existing investors and new parties.
The Tiktoku agreement follows a year after the US Congress voted to disable the application, if not sold, referring to concerns about privacy and national security. However, the establishment of the SAE as the main shareholder could cause controversy, especially with regard to the investment from the Fund associated with Sheikh Tahoon, an advisor to the National Security of the SAE, who, according to the telegraph, reportedly aligned more with the US than with China.
Looking at the wealth of the royal family Abu Dhabi
The royal family Abu Dhabi is one of the richest in the world with an estimated net value of $ 323.9 billion. The ruling Nahyan house, led by the President of SEE SHEIKH MOHAMED BIN Zayed al Nahyan (MBZ), controls about 6% of the oil reserves in the world.
Their investments spread in various sectors, including the ownership of the English football powerhouse Manchester City and Bets in Global Companies such as Rihanna’s Savage X Fenty and Elon Musk’s SpaceX.
The family of the family is also reflected in its real estate. Their presidential residence Qaṣr al-Waṭan is worth around $ 475 million ( £4 214 crore). According to The New York Post, there is 380,000 square meters, three times the size of the Pentagon and has a 37 -meter -wide dome and a chandelier decorated with 350,000 crystals.
International family owns real estate, such as Château de Billon near Paris. In London, the late Sheik Khalifa bin Zayed Al Nahyan received the nickname “London Lessor” due to its extensive property shares across the most clumful quarters of the city.
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Luxury vehicles, yachts, museums and aircraft
The Nahyan family collection is world -famous and is located in museums across UAE and Morocco. Sheikh Hamad bin Hamdan Al Nahyan is the owner of 700 Yahoo finance vehicles. Garage Sheikh Mansour’s Garage includes five Bugatti Veyons, Ferrari 599xx, McLaren MC12, Mercedes-Benz CLK GTR and Lamborghini Resenton. Also holds shares in Ferrari and Daimler AG.
The presidential aircraft fleet of the royal family consists of eight aircraft, including the Airbus A320-200 and the three Boeing 787-9s. Sheikh Mohamed bin Zayed himself owns $ 478 million Boeing 747 and $ 176 million Boeing 787, both equipped with luxury features such as private cabins, entertainment areas and spas, as shown by Yahoo Finance.
Also read | Donald Trump jokes about the content of tiktok, says “I would make it 100% Maga”
The royal family boasts the ownership of Azzam, the world’s largest sustaine in 590 feet long. This impressive ship holds more than 100 guests and offers luxury equipment such as golf room, pearl inlays and a specially designed chandelier designed to keep silent on the move, according to New York Post. They also have other megayachts like Blue and Topaz (renamed A+), both of them ranked among the ten largest yachts around the world.
Their commitment to cultural influence is evident in projects such as the Louvre Abu Dhabi, the only Museum of Louvre outside France. Since its opening in 2017, she introduced a remarkable collection, including the sculpture of the princess at 3000 Bc, the match Paul Gauguin Breton Boys and La Belle Ferronnière of Leonardo da Vinci.
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