Prince AL WALEED BIN TALAL • Net Worth $19 billion • House • Yacht • Private Jet • Kingdom Holding

Prince Al Waleed bin Talal al Saud

Prince Al Waleed bin Talal al Saud

Name:Al Waleed bin Talal al Saud
Net Worth:$ 19 billion
Source of Wealth:Kingdom Holding
Born:March 7, 1955
Country:Saudi Arabia
Wife:Ameera Al-Taweel (divorced 2013)
Children:Khaled bin Alwaleed bin Talal, Princess Reem bin Alwaleed bin Talal
Residence:Riyadh, Saudi Arabia
Private Jet:Boeing 747 BBJ (HZ-WBT7)
YachtKingdom 5KR

The Multifaceted Life of Prince Al Waleed bin Talal

Prince Al Waleed bin Talal is a prominent member of the Saudi Royal Family. His ties to the royal bloodline extend to the late Saudi King Abdullah, from whom he is a nephew. Born in March 1955, the prince has led a life of distinction and influence. Once married to Ameera Al-Taweel, from whom he divorced in 2013, he is a father to Khaled bin Alwaleed bin Talal, and Princess Reem bin Talal. His entrepreneurial spirit and astute investment strategies in real estate and the stock market have paved the way to his tremendous wealth.

Key Takeaways:

  • Prince Al Waleed bin Talal, a member of the Saudi Royal Family, is a highly successful entrepreneur and international investor.
  • He owns a 95% stake in the Kingdom Holding Company, which is stock-listed in Saudi Arabia.
  • His estimated net worth is around $19 billion, making him one of the wealthiest individuals globally and the richest person in Saudi Arabia.
  • He has been involved in extensive philanthropic activities through the Alwaleed Bin Talal Foundations, donating more than US$ 2.4 billion to charity.
  • In November 2017, he was arrested as part of an anti-corruption effort led by Crown Prince Mohammed bin Salman, but was released in early 2018.

Kingdom Holding Company – The Jewel in Prince Al Waleed bin Talal’s Crown

The Prince’s stock-listed entity, Kingdom Holding Company, operates out of Saudi Arabia. It forms a significant part of his assets, where he holds a 95% stake. Apart from the Kingdom Holding Company, his business interests are spread across a wide variety of companies and industries. These include a 91% ownership of Rotana Video & Audio Visual Company, a 90% stake in the Lebanese Broadcasting Center (LBCSAT), and 7% of News Corp (Fox News). His influence stretches into banking as well, with approximately 6% of Citigroup under his ownership. In the media sector, he owns 17% of Al Nahar and 25% of Al Diyar, two prominent daily newspapers published in Lebanon. In 2011, he added a significant digital asset to his portfolio, acquiring a $300 million stake in Twitter. With such extensive assets, the Prince is one of the world’s richest yacht owners.

Al Waleed bin Talal: An Affluent Persona

Prince Al Waleed bin Talal’s net worth is estimated to be around $19 billion. This colossal wealth positions him as one of the richest individuals globally. He is recognized as the wealthiest individual in Saudi Arabia and is an influential figure in the Middle East’s economic landscape.

A Philanthropist at Heart

Despite their divorce in 2013, Princes Ameerah Al-Taweel, the mother of his two children Princess Reem bin Talal and Khaled bin Al Waleed bin Talal, remains a significant part of Prince Al Waleed’s life due to their shared philanthropic interests. Princes Ameerah was the Chairman of the Alwaleed Bin Talal Foundations and has achieved recognition as one of the world’s leading philanthropists. She even secured a spot in the Arabian Business ‘100 most powerful Arab Women 2012’, ranking fourth. Through the Foundations, Prince Alwaleed has donated more than US$ 2.4 billion to charity. Prince Alwaleed’s philanthropic contributions extend to the digital world as well, with a robust presence on Facebook and an official website.

The Arrest of Prince Al Waleed bin Talal in 2017

On November 4, 2017, the Prince faced a significant setback as he was arrested in a sweeping anti-corruption drive. He was among at least 11 Saudi princes and former senior Saudi Government officials, including ministers and businessmen, who were arrested by Saudi Arabian authorities. Prince Al Waleed bin Talal was detained in the luxurious Riyadh Ritz Carlton hotel. The arrest was ordered by the newly formed anti-corruption committee, headed by Crown Prince Mohammed bin Salman. Reports in December 2017 suggested he could secure his release by paying a substantial amount of $6 billion. Ultimately, he was released in early 2018.

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Prince Al Waleed

Prince Al Waleed bin Talal al Saud

Al Waleed bin Talal Yacht

He is the owner of the Benetti yacht Kingdom 5 KR.

The Kingdom 5KR yacht is an 85.65-meter superyacht built by Benetti in 1980.

The yacht can reach a top speed of 20 knots and has a cruising speed of 17 knots, with a range of 8,500 nautical miles.

Originally named Nabila, the yacht was built for Saudi billionaire Adnan Khashoggi and was later owned by the Sultan of Brunei and Donald Trump.

The yacht, under the name Nabila, was featured in the James Bond film Never Say Never Again.