From Jets to Yachts: Discover the Astonishing Wealth of Abu Dhabi’s Royal Family Poised to Acquire TikTok US!
The royal family of Abu Dhabi is set to acquire a significant stake in TikTok’s U.S. operations, a move facilitated by President Donald Trump. Reports indicate that MGX, a fund overseen by Sheikh Tahnoon Bin Zayed Al Nahyan, will purchase a 15% ownership share in TikTok US and secure a seat on the company’s board. The Guardian has disclosed that this stake aligns with a valuation of $14 billion for the U.S. operations.
On September 25, Trump signed an executive order formally approving the deal, emphasizing that TikTok “will be majority-owned and controlled by United States persons and will no longer be controlled by any foreign adversary.” The timeline for finalizing the agreement is set at 120 days. Trump characterized the buyers as “very sophisticated Americans and people who love their country,” highlighting investors such as Oracle founder Larry Ellison.
Together with the private equity firm Silver Lake, MGX and Oracle will hold nearly 45% of TikTok US. The app’s parent company, ByteDance, is expected to retain a 19.9% stake, while the remaining shares will be distributed among existing ByteDance investors and new stakeholders.
This agreement comes a year after Congress mandated the sale of TikTok due to privacy and national security concerns. The involvement of the UAE fund has garnered attention, especially since it is linked to Sheikh Tahnoon, who has been increasingly aligning with U.S. interests rather than those of China.
The Abu Dhabi royal family’s wealth is staggering, with assets estimated at $323.9 billion. Led by UAE President Sheikh Mohamed bin Zayed Al Nahyan (MBZ), the ruling House of Nahyan possesses approximately 6% of the world’s oil reserves. Their diverse portfolio includes stakes in high-profile entities like Manchester City football club and investments in global brands, including Rihanna’s Savage X Fenty and Elon Musk’s SpaceX.
The family’s lavish lifestyle is exemplified by their presidential palace, Qaṣr Al-Waṭan, valued at around $475 million. Spanning 380,000 square meters, it boasts a striking dome and a chandelier with 350,000 crystals. Their international real estate investments include the Château de Baillon near Paris, while in London, the late Sheikh Khalifa bin Zayed Al Nahyan earned the nickname “landlord of London” due to extensive holdings in the city’s upscale neighborhoods.
The Nahyan family’s luxury vehicle collection is legendary, with Sheikh Hamad bin Hamdan al Nahyan reportedly owning 700 cars. Sheikh Mansour’s impressive assortment features five Bugatti Veyrons among other high-end vehicles. Their aviation assets include a fleet of eight aircraft, such as an Airbus A320-200 and several Boeing models, catering to their opulent lifestyle.
Among their prized possessions is Azzam, the world’s largest superyacht at an impressive 590 feet, which can host over 100 guests and offers amenities like a golf room and a unique chandelier designed to remain silent while in motion. They also own other notable yachts ranked among the largest globally.
The family’s commitment to cultural initiatives is highlighted by the Louvre Abu Dhabi, the only branch of the Louvre museum outside France. Since its opening in 2017, the museum has featured valuable artworks, including a Bactrian sculpture from 3000 BC, Paul Gauguin’s Breton Boys Wrestling, and Leonardo da Vinci’s La Belle Ferronnière.
As the Abu Dhabi royal family prepares to enter the TikTok realm, this mix of wealth, influence, and impeccable timing underscores their growing role on the global stage.
Original Source: https://www.livemint.com/news/world/from-jets-and-palaces-to-yachts-how-wealthy-is-abu-dhabi-royal-family-which-is-set-to-acquire-stake-in-tiktok-us-11759049337512.html
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Publish Date: 2025-09-28 15:18:00
