Thursday, May 13, 2010

2010 Billionaire - Prince Alwaleed Bin Talal Alsaud

A Member of the Saudi Royal Family, head by King Abdullah. A nephew of the King but not included in the House of King's Power of Saudi Arabia. A self-made local and international businessman wherein he got his fortune from investing from different investments of real estate and stock market. Though his fortune dropped from $21 Billions (2009) to $19.4 Billions in the year 2010 he has made it to be included in the top 20 of the Most Richest Businessmen in the world. He ranked as #19 among hundreds of thousand billionaires all over the world. With his way of getting millions and billions, well known billionaires called him as the Arabian Warren Buffet whose ranking in the Forbes 2010 #3.

Prince Alwaleed Bin Taalal Alsaud, son of the late founding king of Saudi Arabia, married the daughter of the first prime minister of Lebanon and got from her 2 siblings. However, he has another 2 children from one of his current wives Princess Deborah. He formed and continuously controlling the highest position in his company (Kingdom Holding Group).

According to the passed reviews, his main billions worth invested in Citicorp's after controlling 4.9% which was the most he could do without declaring any interest in the public. After he bought the stocks of 207m from Citicorp, Prince Waleed invest together with other investor with the Singapore government investor in rising up billions of capital to shore the Citi's capital position. However, his investment together with others plunge continuously that was the time he decided to invest in different levels likes AOL, Apple Inc., Euro Disney, Four Season Hotel etc…

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