From jets and palaces to yachts: How wealthy is Abu Dhabi royal family which is set to acquire stake in TikTok US?
MINT·2025-09-28 09:48
The ultra-wealthy royal family of Abu Dhabi is poised to acquire a stake in TikTok’s US operations through a deal facilitated by President Donald Trump. Reports indicate that MGX, a fund led by Sheikh Tahnoon Bin Zayed Al Nahyan, will obtain a 15% ownership share along with a seat on the company’s board.According to The Guardian, the Abu Dhabi royal family will hold a stake in TikTok US, which has been valued at $14 billion ( ₹12,4197 crore).On Thursday, September 25, Trump signed an executive order approvi ...