The Prince's activities as an investor came to prominence when he bought a substantial tranche of shares in Citicorp in the 1990s when that firm was in difficulties. With an initial investment of $550 million to bail out Citibank caused by underperforming American real estate loan and Latin American businesses, his holdings in Citigroup now comprises half of his wealth worth US$10 billion.
Popular & Interesting topic
-
Most Beautiful Wife of Prince Walid bin Talal alsaud -
Prince Al-Waleed and Princess Amira of Saudi Arabia with Buddhist monks
