Saudi Prince Alwaleed bin Talal lost a lawsuit over a $10 million commission on an airplane he sold to former Libyan leader Muammar Qaddafi, in which a judge accused him of being “completely unreliable.”
Prince Alwaleed bin Talal, the billionaire owner of stakes in Citigroup Inc. and Time Warner Inc., has written publicly to Saudi Arabian Oil Minister Ali Al- Naimi, questioning the kingdom’s energy policies.
Saudi Prince Alwaleed bin Talal told Oil Minister Ali Al-Naimi in an open letter that the kingdom won’t be able to raise production capacity to 15 million barrels of crude a day as planned, and that he disagrees with him over the impact of U.S. shale gas output.
Saudi Prince Alwaleed bin Talal, the world’s 15th richest person, told a London court in a lawsuit over a $10 million commission on an airplane sale that he had a strong relationship with former Libyan leader Muammar Qaddafi.
After losing billions on U.S. stocks beginning in 2000, Alwaleed Bin Talal says he may become richer than the Oracle of Omaha. His strategy: holding an IPO for his luxury hotels and building the world’s tallest tower in his homeland.
Prince Alwaleed Bin Talal sits under an almost full moon near a campfire at his rustic retreat in Riyadh, Saudi Arabia. He’s surrounded by a zoo with zebras and giraffes, an artificial lake and a lodge that has an indoor pool, saunas and steam rooms. Three hooded falcons are perched on stands in front of him.
Kingdom Holding Co ., the investment company controlled by Saudi billionaire Prince Alwaleed Bin Talal, and its hotels unit may sell minority stakes held in hotels as part of a plan to focus on higher-earning properties.