of the Saudi king. Born to Prince Talal, son of the founding
King of Saudi Arabia, Abdul Aziz Al Saud, and Princess Mona
El-Solh, daughter of Riad El-Solh, the first Prime Minister
of modern day Lebanon and a leader of Lebanese independence.
Holding contains his investments in well-known companies
such as Citigroup and News Corp., as well as Four Seasons
Hotels and Fairmont Hotel management companies.
early 1990s, Alwaleed made a risky bet on Citigroup that
paid off hugely; in recent years it accounted for nearly
half his fortune.
2005, he donated $20 million to the Louvre Museum, the largest
gift ever to the museum. It will help to fund the construction
of a wing for the Louvre's vast collection of Islamic art.
by Time magazine as the Arabian Warren Buffett.
ordered a new yacht currently known as the New Kingdom 5KR
which will be about 170m long and will costs $500+ million.
confirmed that Al-Walid, already owner of a Boeing 747 jet
converted to private use, had ordered an Airbus A380, the
world's largest passenger aircraft. Outfitted for private
use, the aircraft is to be delivered in 2010.
and his children live in a $100 million sand-colored palace
whose 317 rooms are adorned with 1,500 tons of Italian marble,
silk oriental carpets, gold-plated faucets and 250 TV sets.
Their royal highnesses can swim in a lagoon-shaped pool,
or catch a film in the 45-seat basement cinema.