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Isn't that how any large scale investor operates? He's invested some of his own money, and attracted lots more from other investors, primarily oil rich sovereign funds I believe.
I don't think it's a scam at all, he's just invested in a lot of technology companies, some have been successful (and in the interests of transparency, I work for one of them) but others have been abject failures.
andyp-
The randomly spray chips on the table strategy on the buy side, and the create a strong narrative of innovation and disruption pitchdeck on the sell side.
An example selection of word salad and abstracted figures here.
https://www.slideshare.net/hackersandfounders/hack-fund-v-pitch-deck
hurricane_run
The article is strongly hinting it's all leveraged to the hilt with related party transactions and "loans" though, right?