Prince Alwaleed Bin Talal Alsaud Net Worth $20 Billion
Al Waleed bin Talal bin Abdulaziz al Saud is a businessman, member of the royal family of Saudi Arabia, an inventor and the CEO founder and majority owner of the Kingdom Holding Company. Arabian Business considers him the most influential Arab in the world. He ranks as the 17th-richest person in the world (Bloomberg Billionaires, 2013) with a net worth of $30 billion.
He became prominent as an investor, when he bought shares in Citicorp in the 1990’s when the firm was in a financial crisis (buying 4.9% of Citicorp’s existing common shares for $207 million). He also made a huge investment of $550 million to bail out Citibank and now his holdings in Citigroup sum up to $1 billion. Time Magazine also reported in 1997 that this Arabian businessman owned about 5% of News Corporation and that his stake in the company was about 7%, which was worth $3 billion in 2010.
Online business newspaper, The Economist expressed doubts about the source of income of Prince Al Waleed and questioned his business credibility. They accused Al Waleed of being a front man for many other Saudi investors. He is just a savvy businessman that has made some excellent investments. Al Waleed has even made investments in technology giants, such as Apple Inc., AOL, MCI Inc., Motorola, and mainstream media companies like Fox News. Still, he sold his shares in Apple in 2005 and invested in Kodak and TWA (the airline), which were bad decisions and poor investments. But his real estate holdings are “holding up”. He owns shares in the Plaza Hotel in New York, the Four Seasons hotel chain, Monaco's Monte Carlo Grand Hotel and London's Savoy Hotel. He also holds 10% of the shares of Euro Disney SCA (a company that owns and maintains Disneyland Paris, in Marne-la-Vallee). According to Forbes, Prince Alwaleed has a net worth of $20 billion.