Prince Al­waleed bin Talal

Alive - - Purge -

Bil­lion­aire Prince Al­waleed bin Talal (62), who has been ar­rested as part of an anti-cor­rup­tion probe in Saudi Ara­bia, is the founder of the con­glom­er­ate King­dom Hold­ing Com­pany. He is one of the world’s rich­est men, es­ti­mated to be worth $19-bil­lion. He is cur­rently 50th on the Bloomberg Bil­lion­aires In­dex. Ac­cord­ing to a 2013 Forbes profile,

Prince Al­waleed has a mar­ble-filled, 420room palace in Riyadh, a pri­vate Boe­ing 747 equipped with a throne, and a 120acre re­sort on the edge of the Saudi cap­i­tal with 5 homes, 5 ar­ti­fi­cial lakes and a mini-Grand Canyon.

Prince Al­waleed has ties with many busi­ness ti­tans, from Bill Gates to Ru­pert Mur­doch. He has pledged his en­tire wealth to char­ity and al­ready has do­nated about $3.5-bil­lion. He owns big chunks of com­pa­nies across the USA, Europe and West Asia. He holds 5% stake each in Ap­ple and Twit­ter, also has hold­ings in Lyft, Cit­i­group, 21st Cen­tury Fox, Mo­torola, eBay, Time Warner and Four sea­sons ho­tel chain.

His as­sets of over $9.6-bil­lion in­clude: Saudi Prop­erty ($4,100-mil­lion), Global In­vest­ment ($2,600-mil­lion), Rotana Group of Ara­bic chan­nels ($980-mil­lion), Twit­ter ($612-mil­lion), Plane, Yacht and Jew­ellery ($509-mil­lion) and other as­sets ($342-mil­lion). Prince Al­waleed’s net worth has plum­meted to $17.8-bil­lion from $19-bil­lion after the mar­ket value of the King­dom Hold­ing sank $1.3-bil­lion after his ar­rest.

The crack­down on some of Saudi Ara­bia’s rich­est and most pow­er­ful per­sons has put $33-bil­lion of per­sonal wealth at risk as it im­pli­cates 3 of the king­dom’s rich­est peo­ple.

Be­tween 1991 and 1995, Prince Al­waleed helped Don­ald Trump’s strug­gling busi­ness, buy­ing his yacht in 1991 for $20-mil­lion and in­vest­ing in the Plaza Ho­tel. In 2016, he had a Twit­ter spat with Trump.

The prince tweeted Trump should quit the pres­i­den­tial race as he was a “dis­grace to all Amer­ica”, telling him that “you will never win”. Trump’s re­sponse: “Dopey Prince @ Al­waleed _ Talal wants to con­trol our US politi­cians with daddy’s money. Can’t do it when I get elected.”

Prince Al­waleed, of­ten pic­tured on his 85.65-me­tre su­pery­acht in the Mediter­ranean, is among the most out­spo­ken Saudi roy­als and a long­time ad­vo­cate for women’s rights.

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