49% stake for $500M
Sheikh Tahnoon and co-investors bought 49% of World Liberty Financial for $500 million, four days before Trump's inauguration.
Where this was said
Biden Said No: How the UAE's Chip Ambitions Were Blocked
At 9:18 · chapter starts 9:05
Rebecca Ballhaus explains that Tahnoon began lobbying the Biden administration for large AI chip allocations as part of his data center ambitions, but ran into significant resistance. US officials were deeply skeptical about the UAE's — and specifically Tahnoon's companies' — ties to China. In 2023, one of his companies publicly announced it was cutting ties with China and siding with the US, but the skepticism lingered. Rep. Mike Gallagher is heard warning that a world in which the Chinese Communist Party dominates AI would be 'dark and dystopian.' Biden ultimately allowed the UAE access to only a small number of chips, far fewer than Tahnoon wanted — leaving him frustrated and searching for another route.
The Secret $500M Stake: A UAE Royal Buys Into Trump's Crypto Company
Sheikh Tahnoon bin Zayed and co-investors bought 49% of World Liberty Financial for half a billion dollars, signing the deal four days before Trump's inauguration. The transaction was never announced, immediately steering $187 million to Trump family entities while Tahnoon positioned himself inside the incoming president's business empire.
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