Prince Alwaleed bin Talal
Prince Alwaleed owns 95 percent of Kingdom Holding, a publicly traded conglomerate with investments in hotels, Saudi real estate and other public stocks. He also holds an 80 percent stake in Rotana, one of the Middle East's biggest media companies. His personal possessions include palaces, private jets, jewelry and a superyacht.
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.
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.
Kingdom Holding Co., the investment firm of Saudi Arabian billionaire Prince Alwaleed Bin Talal Al Saud, is in talks with banks to cut borrowing costs on a $550 million loan, four people with knowledge of the matter said.
In today's "Movers & Shakers" Bloomberg's Erik Schatzker reports that Prince Alwaleed Bin Talal, who is ranked at #24 on the Bloomberg Billionaires index, has seen his wealth rise 18 percent in the past year. He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)
Kingdom Tower, the Saudi skyscraper set to be the world’s tallest building, will probably have construction funding in place by the end of the first half, the developer’s chief executive officer said today.
Prince Alwaleed bin Talal, the Saudi royal who seems to own most everything there is to own -- a chunk of Rupert Murdoch’s News Corp, a piece of Twitter, all of Paris’s George V Hotel, the Savoy in London, and a Boeing 747 for his personal use -- was sitting in the lobby of the Four Seasons Hotel in Chicago the other evening (he and Bill Gates own most of Four Seasons Holdings), offering up the view -- the view of an experienced negotiator from the Middle East -- that U.S. President Barack Obama is outmatched by the Islamic Republic of Iran.