UAE-Trump Nexus

Trump administration negotiated the TikTok-US operating arrangement, which closed with this January 2026 deal four months after MGX's September 2025 selection as an approved operator.

Chairs MGX; the TikTok-US selection extended his commercial footprint in another sensitive US market.

Co-founder of World Liberty Financial through the Witkoff family; held a financial interest in the firm at the time of the UAE investment despite announced plans to divest, according to an August 2025 disclosure document.

Honored at the Dubai launch party for the $1B Trump Tower; publicly praised the speed of UAE permitting.

Publicly announced the $2 billion UAE investment at a Dubai conference in May 2025 and held a stake in World Liberty Financial as a co-founder alongside the Trump family.

Binance founder whose stake in the exchange MGX acquired with $2 billion of WLF's USD1 stablecoin; later pardoned by Trump in October 2025.

World Liberty Financial co-founder; an entity tied to him and Zachary Folkman received $31 million of the first installment.

Served as a key broker in the chip negotiations in his role as Trump's AI and crypto czar, operating under a White House ethics waiver that allowed him to participate despite his continuing work as a Silicon Valley venture capitalist.

MGX chief strategy and safety officer; takes a seat on the new TikTok-US venture's board representing MGX's 15 percent stake.

Silver Lake co-chief executive; takes a seat on the new TikTok-US venture's board representing Silver Lake's 15 percent stake. Also sits on the boards of Dell, G42, and Waymo.

Oracle executive vice president; takes a seat on the new TikTok-US venture's board representing Oracle's 15 percent stake.

Oracle co-founder, executive chairman, and chief technology officer; one of the world's richest people. Indirect exposure to TikTok-US via Oracle's 15 percent stake. The NYT notes he has frequently visited the White House and Mar-a-Lago.

G42 general counsel and Royal Group adviser; co-signed the Aryam purchase agreement on the buyer's side and took a seat on World Liberty Financial's five-person board.

G42 CEO; co-signed the Aryam purchase agreement on the buyer's side and took a seat on World Liberty Financial's five-person board.

World Liberty Financial co-founder; an entity tied to him and Chase Herro received $31 million of the first installment.

15 percent stake — tied for the largest investor position. Emirati AI/tech investment firm founded 2024 by Mubadala and G42; chaired by Sheikh Tahnoon bin Zayed Al Nahyan. Chief strategy and safety officer David Scott takes a seat on the new venture's board. Closing of MGX's September 2025 selection as a TikTok-US operator under the Trump-negotiated arrangement.

Direct beneficiary of the accelerated review regime for inbound investment.

Emirati AI company; co-founder and part owner of MGX, gaining indirect equity exposure to TikTok-US through MGX's 15 percent stake. The NYT notes the CIA and other U.S. intelligence agencies under the Biden administration warned about G42's ties to large Chinese firms considered security threats; G42 has since divested some of those holdings (including in ByteDance) as part of a Microsoft partnership.

Received a $2 billion investment from a UAE sovereign wealth firm controlled by Sheikh Tahnoon, propelling it into one of the world's most prominent crypto companies.

Twin Delaware and Abu Dhabi entities registered two days apart in December 2024 with no public record of ownership; the named buyer in the $500 million purchase agreement.

Crypto exchange whose 49% stake purchase by MGX was settled with $2 billion of World Liberty Financial's USD1 stablecoin.

Chinese parent that spun out the U.S. operation; retains a 19.9 percent stake — the legal maximum under the 2024 federal divestiture law — and licenses the recommendation algorithm to the new U.S. entity. Founded 2012; valued at $480 billion in private markets. CEO Liang Rubo; co-founder Zhang Yiming remains involved in strategy.

Saudi-based developer that launched the $1B Trump International Hotel and Tower Dubai in May 2025, channeling branding and management fees to the Trump Organization.

Trump family pass-through vehicle that received a share of the $187 million Trump-family payout from the first $250 million installment. Trump personally owned 70% as of end-2024 per his disclosures.

Trump family pass-through vehicle that received the remainder of the $187 million Trump-family payout. Trump's ownership breakdown not publicly disclosed.

Abu Dhabi sovereign wealth fund; co-founder and part owner of MGX, gaining indirect equity exposure to TikTok-US through MGX's 15 percent stake.

15 percent stake — tied for the largest investor position. Will oversee the security of Americans' data and monitor changes and updates to TikTok's recommendation technology. Has housed Americans' TikTok data on its servers since 2022. Executive vice president Kenneth Glueck takes a seat on the new venture's board.

15 percent stake — tied for the largest investor position. Menlo Park-based tech investment firm; co-CEO Egon Durban takes a seat on the new venture's board and also sits on the boards of Dell, G42, and Waymo. Silver Lake has invested in G42 since 2021 and previously teamed with MGX on the 2025 Altera acquisition; its affiliate Vantage Data Centers invested $15 billion in a Wisconsin Oracle/OpenAI data-center campus.

New American venture spun out from ByteDance to operate TikTok in the United States under the 2024 federal divestiture law; ~80 percent owned by non-Chinese investors with ByteDance retaining 19.9 percent. Licenses the TikTok recommendation algorithm from ByteDance and holds authority to moderate content on the U.S. app.

Receives branding and management fees on the 80-story, $1B Dubai Trump Tower with units priced up to $20M.