Al-Waleed bin Talal

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Person.png Al-Waleed bin Talal  Rdf-icon.png
(billionaire, businessman)
Al Waleed bin Talal.jpg
Born1957-03-07
Jeddah, Saudi Arabia
NationalitySaudi
Alma materMenlo College
SpouseDalal bint Saud bin Abdulaziz

Employment.png Chairman & CEO

In office
1980 - Present
EmployerKingdom Holding Company

Prince Al-Waleed bin Talal (born 7 March 1957)[1] is a Saudi businessman, investor, philanthropist, and a member of the Saudi royal family. He was listed on Time magazine's Time 100, an annual list of the hundred most influential people in the world, in 2008.[2]

Background

Al-Waleed is a grandson of Ibn Saud, the first Saudi king, a half-nephew of all Saudi kings since, and a grandson of Riad Al Solh (Lebanon's first prime minister).

Khalid al-Mansour‎ "met and befriended Saudi Prince Alwaleed bin Talal, the world’s 19-wealthiest person, when the prince was studying at Menlo College in California in the late 1970s. Al-Mansour’s law partner was representing the prince in a court case in California."[3]


Arabian Warren Buffett

Al-Waleed bin Talal is the founder, chief executive officer and 95-percent owner of the Kingdom Holding Company, a Forbes Global 2000 company with investments in companies in the financial services, tourism and hospitality, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology and real-estate sectors.[4] In 2013, the company had a market capitalisation of over $18 billion.[5] Al-Waleed is Citigroup's largest individual shareholder, the second-largest voting shareholder in 21st Century Fox, a minor shareholder in Zaveriwala Holdings LLC and owns Paris' Four Seasons Hotel George V and part of the Plaza Hotel.[6][7] Time has called him the "Arabian Warren Buffett".[8][9][10] In November 2017 Forbes listed Al-Waleed as the 45th richest man in the world, with an estimated net worth of $18.7 billion.[11][12]

The previous year, he announced that he would donate his fortune to charity at an unspecified date. Some of the reasons he cited were to foster cultural understanding and empower women.[13]

Purged by MBS

On 4 November 2017 he and other prominent Saudis (including fellow billionaires Waleed bin Ibrahim and Saleh Abdullah Kamel) were arrested in Saudi Arabia, in a purge that the Saudi government characterised as an anti-corruption drive.[14][15] The allegations against Prince Al-Waleed include money laundering, bribery, and extorting officials.[16] His arrest is being seen as a test of the Crown Prince Mohammed bin Salman's objectives, specifically whether the anti-corruption drive is a cover for an attempt to stabilise state assets before selling them off.[17] Some of the detainees have been in the Ritz Carlton Riad since then.[18]

Released from detention

Having reportedly been tortured and hung upside down, Mussolini-style, Al-Waleed was released from detention on 27 January 2018, after agreeing to a financial settlement of some kind and spending nearly three months in detention.[19][20]

In March 2018 he dropped out from the World's Billionaires's list.[21]

7 March 1957|


References

  1. "Saudi Arabia's Prince Alwaleed's Timeline". Archived from the original on 22 December 2015. Retrieved 12 July 2016. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  2. Khan, Riz (12 May 2008). "Prince Alwaleed bin Talal". Time. Archived from the original on 20 April 2014. Retrieved 19 April 2014. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  3. http://web.archive.org/web/20080907011513/https://www.newsmax.com/newsfront/khalid_al_mansour/2008/09/04/127844.html/
  4. "Alwaleed About". Archived from the original on 3 May 2014. Retrieved 24 May 2014. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  5. "Kingdom Holding on the Forbes Global 2000 List". Archived from the original on 24 May 2016. Retrieved 12 July 2016. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  6. "The 2009 TIME 100 Finalists". 19 March 2009. Archived from the original on 11 October 2016. Retrieved 12 July 2016 – via content.time.com. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  7. Cohan, William D. "The Creation Myth of Prince Alwaleed bin Talal, Saudi Arabia's Billionaire Investor". Archived from the original on 12 July 2016. Retrieved 12 July 2016. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  8. "Alwaleed Bin Talal Bin Abdulaziz Al Saud". Alwaleed Bin Talal Bin Abdulaziz Al Saud. Archived from the original on 6 May 2014. Retrieved 24 May 2014. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  9. "The mystery of the world's second-richest businessman". The Economist. 25 February 1999. Archived from the original on 19 May 2017. Retrieved 24 May 2017. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  10. Jehl, Douglas (28 March 1999). "Buffett of Arabia? Well, Maybe". The New York Times. Archived from the original on 7 March 2017. Retrieved 24 May 2017. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  11. "The World's Billionaires". Forbes. Retrieved 2 March 2016.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  12. "Saudi Billionaire Alwaleed bin Talal's Net Worth Takes A Hit After News Of His Arrest". Forbes. Archived from the original on 7 November 2017. Retrieved 7 November 2017. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  13. Maceda, Cleofe. "Senior Web Reporter". Gulf News. Archived from the original on 4 July 2015. Retrieved 2 July 2015. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  14. Kirkpatrick, David D. (4 November 2017). "Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal". New York Times. Archived from the original on 8 November 2017. Retrieved 8 November 2017. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  15. "Alwaleed bin Talal, two other billionaires tycoons among Saudi arrests". Archived from the original on 5 November 2017. Retrieved 5 November 2017. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  16. "Future Saudi king tightens grip on power with arrests including Prince Alwaleed". Reuters. 6 November 2017. Archived from the original on 6 November 2017. Retrieved 6 November 2017. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  17. "Saudi Squeeze on Alwaleed Has More at Stake Than Money". Bloomberg.com. 2017-12-29. Retrieved 2018-01-25.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  18. "Prince Alwaleed bin Talal, billionaire investor, is released from custody in Saudi Arabia, relative says" Archived 27 January 2018 at the Wayback Machine. (27 January 2018)
  19. "Saudi billionaire Prince Al-Waleed freed after 'settlement'". Agence France-Presse. 27 January 2018. Archived from the original on 28 January 2018. Retrieved 27 January 2018. The prince was released following an undisclosed financial agreement with the government, similar to deals that authorities struck with most other detainees in exchange for their freedom. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  20. "Billionaire Saudi Prince, Alwaleed bin Talal, Is Freed From Detention" Archived 27 January 2018 at the Wayback Machine., New York Times (January 27, 2017).
  21. Dolan, Kerry (6 March 2018). "Why No Saudi Arabians Made The Forbes Billionaires List This Year". Forbes. Archived from the original on 6 March 2018. Retrieved 6 March 2018. Cite uses deprecated parameter |dead-url= (help)Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
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