Al Waleed bin Talal Al Saud
Saudi billionaire investor and founder of Kingdom Holding Company, once called the 'Arabian Warren Buffett'.
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Kingdom Holding Company, which Al Waleed founded and leads as CEO, counts among its assets the Four Seasons Hotel George V in Paris and a share of New York's Plaza Hotel.[1]
Key facts and history
He received a bachelor's degree in business administration from Menlo College in 1979 and a master's degree from Syracuse University in 1985.[2] He began his business career in 1979 with $30,000 from his father and formed Kingdom Establishment in 1980.[3] On 4 November 2017, he was arrested in Saudi Arabia as part of a purge to centralize power, with allegations including money laundering and bribery.[4] After reaching a financial settlement, Al Waleed was freed from detention on 27 January 2018.[5]
A 2015 announcement by Al Waleed stated his intention to give away his entire fortune to charity, though no timeline was provided.[6]
What the cited sources add
The Guardian reported that in June 2013, Al Waleed filed a defamation claim in London against Forbes for underestimating his wealth by $9.6 billion.[7] According to The Guardian, Forbes valued him at $20 billion, while he insisted he was worth closer to $30 billion.[7] The BBC News account states that Giuliani said there was no justification for the attack and the check would not be accepted.[8]
References
- Wikipedia, "Al Waleed bin Talal Al Saud" (CC BY-SA 4.0), which cites: Knickmeyer, Ellen, "Saudi prince invests $300M for 3% stake in Twitter" , Zawya Dow Jones via affiliate Market Watch, 19 December 2011. Retrieved 19 December 20; "Alwaleed About"; "Kingdom Holding on the Forbes Global 2000 List", Forbes; "The 2009 TIME 100 Finalists", Time, 19 March 2009; William D. Cohan, "The Creation Myth of Prince Alwaleed bin Talal, Saudi Arabia's Billionaire Investor", Vanity Fair; "Alwaleed bin Talal bin Abdulaziz Al Saud", Alwaleed bin Talal bin Abdulaziz Al Saud (original not read by us) en.wikipedia.org
- Wikipedia, "Al Waleed bin Talal Al Saud" (CC BY-SA 4.0), which cites: Dolan, Kerry A., "Prince Alwaleed and the Curious Case of Kingdom Holding Stock", Forbes, 5 March 2013; Khan, "Alwaleed, Businessman Billionaire Prince", HarperCollins, 2005, p. 19; Dolan, Kerry A., "Prince Alwaleed and the Curious Case of Kingdom Holding Stock", Forbes, 5 March 2013; Khan, "Alwaleed, Businessman Billionaire Prince", HarperCollins, 2005, p. 19; Khan, "Alwaleed, Businessman Billionaire Prince", HarperCollins, 2005, p. 19; Nanette Asimov, "Tiny Menlo College is like home for Saudi elite", SfGate, 12 May 2015; en.wikipedia.org
- Wikipedia, "Al Waleed bin Talal Al Saud" (CC BY-SA 4.0), which cites: Saudi Arabia. Economic Policy During the Oil Boom, 1974–85 . country-data.com (original not read by us) en.wikipedia.org
- Wikipedia, "Al Waleed bin Talal Al Saud" (CC BY-SA 4.0), which cites: Kirkpatrick, "Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal", The New York Times, 4 November 2017; Agencies, "Alwaleed bin Talal, two other billionaires tycoons among Saudi arrests", Daily Sabah, 5 November 2017; "Future Saudi king tightens grip on power with arrests including Prince Alwaleed", Reuters, 6 November 2017 (original not read by us) en.wikipedia.org
- Wikipedia, "Al Waleed bin Talal Al Saud" (CC BY-SA 4.0), which cites: Prince Alwaleed bin Talal, billionaire investor, is released from custody in Saudi Arabia, relative says; "Saudi billionaire Prince Al Waleed freed after 'settlement'", 27 January 2018; Ben Hubbard, Billionaire Saudi Prince, Alwaleed bin Talal, Is Freed From Detention , The New York Times (27 January 2017).; Dolan, "Why No Saudi Arabians Made The Forbes Billionaires List This Year", Forbes, 6 March 2018; "Top 100 Powerful Arabs 2013"; "Top 100 Powerful Arabs 2017", Gulf Business; "Top 100 most powerful Arabs 2021", Gulf Busi en.wikipedia.org
- Wikipedia, "Al Waleed bin Talal Al Saud" (CC BY-SA 4.0), which cites: Maceda, "Senior Web Reporter", Gulf News, 2 July 2015 (original not read by us) en.wikipedia.org
- Holliday, "Saudi prince launches libel action against Forbes magazine over Rich List", The Guardian, 6 June 2013. facts only, no text reused. theguardian.com
- "New York Rejects Saudi Millions", BBC News, 12 October 2001. facts only, no text reused. news.bbc.co.uk
Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Al Waleed bin Talal Al Saud (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.
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Sources
Compiled from Wikipedia and the sources listed below. Text from Wikipedia is available under CC BY-SA 4.0; this entry is adapted from it.
- Wikipedia: Al Waleed bin Talal Al Saud (CC BY-SA 4.0).
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