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Suhail Rizvi Worth $3.8 Billion on Twitter IPO

RiazHaq

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Haq's Musings: Big Pay Day For Twitter Investor Suhail Rizvi

Suhail Rizvi's 15.6% stake in Twitter was worth $3.8 billion at the end of trading on Thursday when the social media company went public on the New York Stock Exchange.


Suhail Rizvi Photo Courtesy: Valley Wag
Suhail Rizvi was born in India and graduated from the University of Pennsylvania's Wharton Business School. He started and sold a telecom company soon after, and with the proceeds financed the buy-out of an electronic manufacturing business of a Puerto Rico phone company whose annual revenue he boosted from $10 million to $450 million by focusing on higher end products, according to Times of India.

Suhail Rizvi moved with his parents to the United States in 1971 when he was only five. His father Raza Rizvi taught psychology at Ellsworth Community College in Iowa Falls, Iowa, where Suhail and his brother Ashraf, who is a hedge fund manager, went to school.

In addition to Rizvi Traverse Capital's $3.82 billion, other big winners of Twitter IPO include Evan Williams $2.55 billion, JP Morgan $2.19 billion, Spark Capital $1.46 billion, Benchmark Capital $1.42 billion, USV $1.25 billion, DST Global $1.07 billion, Jack Dorsey $1.05 billion, Dick Costolo $344 million, and Adam Bain $80 million.

Rizvi Traverse's other major investments include a controlling interest in Playboy and music rights organization Sesac, as well as stakes in news app Flipboard and Jack Dorsey's digital payments company, Square. Sources told CNBC that Rizvi invested $100 million in Facebook before its IPO and sold its shares earlier this year. It also has sold its equity stake in talent agency ICM, and in "Twilight" producer Summit Entertainment, which sold to Lionsgate.

Rizvi's biggest individual client is Prince Waleed Bin Talal of Saudi Arabia who invested $300 million pre-IPO in Twitter through Rizvi Traverse. Rizvi also invested JP Morgan Chase's $400 million pre-IPO in Twitter. Rizvi is reported to have used personal connections in Silicon Valley to purchase these stakes from Twitter employees.


Haq's Musings: Big Pay Day For Twitter Investor Suhail Rizvi
 
What is his Pakistani connection? The article does not explain. Did I miss something?
 
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Not even that. :cry:

The story about Suhail Rizvi who is of Idian Origin was carried bt Times of India.
I mean Riaz Haq sahab is entrepreneur from US so maybe he knows him personally or perhaps just solidarity with fellow Shi'a.

BTW it is a huge sum. This man must be one of the richest Muslims.
I was thinking, if you exclude oil barons and shaikhs, perhaps majority of successful Muslim businessmen would be shias.They are more businessminded compared to Sunnis.
 
I mean Riaz Haq sahab is entrepreneur from US so maybe he knows him personally or perhaps just solidarity with fellow Shi'a.

BTW it is a huge sum. This man must be one of the richest Muslims.
I was thinking, if you exclude oil barons and shaikhs, perhaps majority of successful Muslim businessmen would be shias.They are more businessminded compared to Sunnis.

Dunno who Mr. A-Musing Hacq knows, if at all.
Yes indeed; there may be some substance to what you say. Even Azim Premji is a Shia and another successful billionaire. Azim's father who was a good friend of Jinnah refused to be persuaded to move to Pakistan inspite of strong persuasion. See where that took Azim Premji.
 
Connections or not.. Those who say trading is dead.. this is evidence that clearly it is not.
However, the golden rule applies in such situations:

Paisa , Paise ko khechta hai - Money, Brings in Money. 
Dunno who Mr. A-Musing Hacq knows, if at all.
Yes indeed; there may be some substance to what you say. Even Azim Premji is a Shia and another successful billionaire. Azim's father who was a good friend of Jinnah refused to be persuaded to move to Pakistan inspite of strong persuasion. See where that took Azim Premji.

That may not have any connection to his not going to Pakistan perhaps.. as the opposite end of the spectrum also exists for those that did migrate to Pakistan. It has to do with Business acumen and exploiting opportunities: there are similar tales of otherwise middle class folk making it fairly big in Pakistan. One example are the Manshas.
 
I'm going to go out on a limb here and say that many of the problems related to extremism that is plaguing the Muslim community in general doesn't apply to the vast majority of Indian Muslims.'

Outside of the Oil Barons, the richest Muslim in the world is Indian.
 
I'm going to go out on a limb here and say that many of the problems related to extremism that is plaguing the Muslim community in general doesn't apply to the vast majority of Indian Muslims.'

Outside of the Oil Barons, the richest Muslim in the world is Indian.

Excuse me?

The richest 'entity' in the Muslim world is Abu Dhabi Investment Authority, which is worth between $300-800 Billion, owned by a family. [Non-Oil]

The Richest Muslim individual in the world is Al-Waleed Bin Talal of Saudi Arabia, a self made billionaire worth over $20-26 billion. [Non-oil]

India didn't come first this time [again] despite your best efforts.
 
Excuse me?

The richest 'entity' in the Muslim world is Abu Dhabi Investment Authority, which is worth between $300-800 Billion, owned by a family. [Non-Oil]

The Richest Muslim individual in the world is Al-Waleed Bin Talal of Saudi Arabia, a self made billionaire worth over $20-26 billion. [Non-oil]

India didn't come first this time [again] despite your best efforts.

Woah woah my bad buddy, less of the angry lashing out.

The ADIA is not relevant here.

But yes I concede, I saw his KSA origins when I made the post and immediately assumed he was an oil related billionaire.
 
Woah woah my bad buddy, less of the angry lashing out.

The ADIA is not relevant here.

How is it irrelevant when its a 'family fund' ?

But yes I concede, I saw his KSA origins when I made the post and immediately assumed he was an oil related billionaire.

He ran away from home and used to sleep in the abandoned cars.
 
He ran away from home and used to sleep in the abandoned cars.

:lol:For a day or two.... this chap is a member of the Saudi royal family, not a self made man completely. Impresive still but to argue that the money is completely non-oil related is pushing it too far. It is not like he started off as a small trader & made it big, he started big & made it bigger.
 
That may not have any connection to his not going to Pakistan perhaps..

For Azin Premji and his success in IT, it probably did matter though not in general. Interesting story though. His father did turn down the offer of becoming Pakistan's first Finance Minister and the son did benefit in a way not possible in Pakistan.
 

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