360° Coverage : Mysterious India-born investor earns big from Twitter: reports

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Mysterious India-born investor earns big from Twitter: reports

Nov 8 2013, 8:08am CST | by IANS

New York, Nov 8 (IANS) A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.

New York, Nov 8 — A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock...

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42 weeks ago

Mysterious India-born investor earns big from Twitter: reports

Nov 8 2013, 8:08am CST | by IANS

New York, Nov 8 (IANS) A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.

New York, Nov 8 — A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.

Suhail R. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter, with a 15.6 percent stake worth $3.8 billion at the end of trading Thursday, the New York Times reported.

"Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan's wealthiest clients," the influential daily said.

"Rizvi's rise illustrates how a new tech investor class with deep Wall Street connections is carving new paths into the unfamiliar and insular terrain of Silicon Valley," it said.

"His money and connections have also led to slices of several other hot start-ups: Flipboard, the social news app; Pinterest, an online pinboard; Square, Jack Dorsey's payments service; and Twitter, Dorsey's other company," the Times said.

Rizvi was born in India and raised in Iowa Falls, Iowa, and although he is known as a quiet man, he has built a powerful and diverse group of friends from his perch in Greenwich, Connecticut, according to the Times.

Those in his circle include Richard Branson, founder of the Virgin Group, and Salar Kamangar, chief executive of YouTube. And Rizvi has been seen partying atop Eric Schmidt's yacht, the Oasis, at Cannes, it said.

According to a Forbes profile, Rizvi has served as a member of the US business magazine's Board of Directors since April 2003.

Since 2004, Rizvi has served as founder, Chairman and Chief Investment Officer of Rizvi-Traverse Management LLC and other related funds.

Rizvi has over 20 years of private equity investing experience for his own account and as a fiduciary for institutional investors through various entities or funds as founder, principal or manager, it said.

Rizvi received his BS degree in Economics from the Wharton School of the University of Pennsylvania and sits on the Wharton Undergraduate Executive Board.

IANS

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Source: ThinkProgress   Full article at: ThinkProgress
 

 
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Indian Girl, 7, Allegedly Buried Alive by Her Family

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A villager rescued a 7-year-old Indian girl who survived allegedly being strangled and then buried while unconscious by her family in the northern Indian state of Uttar Pradesh.  "There are strangulation marks around the girl's neck," Sitapur police chief Rajesh Krishna told the BBC. The villager discovered the little girl when he followed the sound of muffled cries coming from the middle of ...
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5 days ago

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A leopard attacked Kamla Devi, 56, when she gathered water in the Uttarakhand province in India. The leopard did not survive the attack because Devi, armed with an axe and a sickle, fought back. "At first, I was terrified,” she said. “But, then I gathered my courage to fight back. I promised myself that this is not my last day here.” "I fought head on with it for almost half an hour. Then I came to know it was dead," she said. Devi suffered three fractures and cuts. ...
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5 days ago

ATM Machine Helps Indian Women Quietly Report Sexual Violence Without Going To The Police

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CREDIT: Facebook/Awazz In December, a 16-year-old girl in Calcutta was burned alive. Authorities believe she was targeted as punishment for reporting her gang-rape to the police. Two months earlier, on her way home from the police station after notifying cops about the six men who raped her, she was accosted and raped again. The next time the men came for her, they killed her. Her death sparked protests throughout India. That’s the environment facing many Indian women, particular ...
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5 days ago

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Aug 27 2014 4:47am CDT | Source: Townhall's

NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi on Wednesday denied reports that the son of a top minister was involved in influence ...
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