Who is Prince Al Waleed bin Talal?
Prince Al Waleed bin Talal is a member of the Saudi Royal Family. As he is the nephew of the late Saudi King Abdullah. He was born in March 1955. He was married to Ameera Al-Taweel, they divorced in 2013. He has 2 children: Khaled bin Alwaleed bin Talal, and Princess Reem bin Talal. As an entrepreneur and international investor, he has realized massive wealth. Through investments in real estate and the stock market.
Kingdom Holding Company
The Prince’s Kingdom Holding Company is stock listed in Saudi Arabia. Among his many assets are: a 95% stake in Kingdom Holding Company; 91% ownership of Rotana Video & Audio Visual Company.
A 90% ownership of Lebanese Broadcasting Center (LBCSAT); 7% of News Corp (Fox News). He owns about 6% of Citigroup; 17% of Al Nahar and 25% of Al Diyar, two daily newspapers published in Lebanon.
In 2011 he acquired a $300 million stake in Twitter. The Prince is one of the richest yacht owners in the world.
Al Waleed bin Talal Net Worth
His net worth is estimated at $19 billion. Making him one of the richest persons in the world. He is the richest person in Saudi Arabia. And one of the richest in the Middle East.
He was married to Princes Ameerah Al-Taweel but they divorced in 2013. He has two children from a previous marriage. Princess Reem bin Talal and Khaled bin Al Waleed bin Talal.
Princes Ameerah Al-Taweel was Chairman of the Alwaleed Bin Talal Foundations. She is one of the world’s most recognized philanthropists. She was ranked #4 on the Arabian Business ‘100 most powerful Arab Women 2012’.
Through the Foundations, the Prince has donated more than US$ 2.4 billion to charity. Prince Alwaleed has his own Facebook page and website.
November 2017 Arrest
On November 4 2017 the Prince was arrested as part of an anti-corruption effort. He was among at least 11 Saudi princes and former senior Saudi Government officials including ministers and businessmen arrested by Saudi Arabian authorities. He was detained in the Riyadh Ritz Carlton hotel.
The arrest was ordered by a newly established anti-corruption committee headed by Crown Prince Mohammed bin Salman. In December 2017 it was reported he could buy his way out of detention for $ billion. He was released in early 2018.
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