During recent years, he has also been involved in Lebanese politics (Prince Al-Walid is a Lebanese citizen through his mother), backing President Emile Lahoud against since assassinated Lebanese billionaire Rafik Hariri and investing in luxury resorts and pan-Arab Lebanese media (al-Nahar, LBC International).
Saturday, September 24, 2011
Personal life of Prince Walid bin talal
Personal life of Prince Walid bin talal
He says about his love of the desert. “Sometimes I stay and sit alone there for one or two or three hours. I really feel serenity at home in the middle of the desert with no lights, only the light of the fire. I feel very much comfortable in the desert. I am a desert man. You don't have to be born in the desert to feel that comfortable.” he said in an interview with CNBC.
Friday, September 23, 2011
Prince Walid, Degree of Doctorate in Law
Prince Walid, Degree of Doctorate in Law
The year also saw him awarded an honorary Doctorate in Law by Exeter University, as well as a Doctorate in Law from the American University in Cairo. Prince AlWalid was named the wealthiest person outside the U.S. by Forbes magazine.
Nephew of Saudi King, richest man in the Arab
Saudi Arabia, Prince Alwaleed bin-Talal sat on a thick carpet while hundreds of men gathered to seek his charity. They lined up to kiss his shoulder and hand him pieces of paper with requests for money — to buy a home or a car, to educate a child, pay off a debt or repair a mosque. Some brought him modest gifts, to thank him for past favors. Others offered poems and songs in praise. Alwaleed is a nephew of Saudi King Abdullah, and he’s also the richest man in the Arab world, with a personal fortune estimated at $21 billion at the end of last year, and holdings that include big pieces of Citicorp, Apple, Motorola, Disney, News Corp and Time Warner, to name just a few. After dinner, it was time for the Prince to finally receive the supplicants. The sheikhs went first, then the rest of the men, each handing him their request in writing. Alwaleed scarcely glanced at the notes before handing them to an aide, who stuffed them into a suitcase.
Prince Waleed alsaud, Simple in Attitude and Straightforward
Prince Waleed alsaud, Simple in Attitude and Straightforward
Prince Walid is amongst the rarest of the rich who has broken the taboo of buying second hand luxury. Amongst the richest of the world, it is considered unethical to buy someone else's second hand luxury. The Prince explains “I do not like to buy something that's expensive, Take my boat for example. I had this situation whereby this boat was offered to me at a very inexpensive price at 20 percent of its value. And I wished to have a boat. And I was supposed to build a boat. So I aborted that concept and I just bought that boat.”
Saudi Prince with Indian Beautiful Girls on dinner
Saudi Prince with Indian Beautiful Girls on dinner
Thursday, September 22, 2011
Prince Walid, Doctorate in business management
Prince Walid, Doctorate in business management
In the year 1998, AlWalid was awarded a doctorate in Business Management by Kyungwon University in Seoul, Korea. Forbes ranked him the tenth wealthiest – and second smartest – businessman in the world.
Saudi billionaire Prince Alwaleed in Egypt land dispute
Saudi billionaire Prince Alwaleed in Egypt land dispute
Wednesday, September 21, 2011
Owner and investor, Prince Walid bin Talal
Owner and investor, Prince Walid bin Talal
HRH Prince AlWalid bin Talal is owner and investor of different companies and business enterprises in the world. AlWalid's business empire, through Kingdom Holdings, stretches across four continents. It has held stakes in the likes of Apple Computers, News Corporation, Fairmont Hotels and Saks Fifth Avenue. His shareholding in the world's biggest bank, Citigroup, is valued at nearly US$10bn
Saudi billionaire Prince Alwaleed bin Talal with his wife
Kingdom Holding Company, the investment company owned by Saudi billionaire Prince Alwaleed bin Talal, offered to buy the shares it doesn’t already own in Kingdom Hotel Investments, valuing the lodging firm at $843m. Kingdom Holding said its unit Kingdom 5-KR-211 offered $5 a share for a 44 percent stake in Kingdom Hotel, the Riyadh- based company said a statement Monday. The offer received approval from an independent committee at Kingdom Hotel.
Tuesday, September 20, 2011
Alarab international news channel and Prince alwaleed Alsaud
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud today announced Alarab will be the name of his new international news channel scheduled to be launched in 2012. The well-known Saudi journalist, Mr. Jamal Ahmad Khashoggi, will be managing this new 24-hour channel which will target Arabic-speaking viewers across the Arab world and beyond. Alarab will focus editorially on the important shifts taking place across the Arab world with an emphasis on freedom of speech and freedom of press. Furthermore, it will uphold the principle of free transfer of information as well as, objective, balanced and credible reporting. The News channel will cover the latest developments around the world and will also highlight political, social and economic issues in Saudi Arabia and the Arab world.
Investment in Hotels of Prince Walid bin Talal
Investment in Hotels of Prince Walid bin Talal
His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York. He sold half of his shares in the latter in August 2004. He has made investments in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel.
Prince Charles and The Prince of Walid in a private meeting
Prince Charles and The Prince of Walid in a private meeting
Monday, September 19, 2011
Investment in shares of Prince Walid Saudi Arabia
Investment in shares of Prince Walid Saudi Arabia
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. He has also made large investments in AOL, Apple Inc., WorldCom, Motorola, News Corporation Ltd and other technology and media companies.
Prince Charles & Prince Walid, Friendship
Prince Charles & Prince Walid, Friendship
HRH Prince AlWalid bin Talal bin Abdul Aziz Alsaud, Chairman of Kingdom Holding Company visited United Kingdom so many times to attend his meeting with HRH Prince Charles and The Prince of Wales. Last time when Prince Walid paid visit, Prince Charles and his wife Camilla, the Duchess of Cornwall cordially received Prince AlWalid at High grove House.
Sunday, September 18, 2011
New Arabic news and business channel, in Middle east
Two giants of the financial world have joined forces to launch an Arabic news TV station with a focus on business. The Saudi billionaire Prince Al Waleed bin Talal has partnered with the US financial data company Bloomberg to produce Alarab, a 24-hour station set for launch next year. Bloomberg will provide five hours of business news per day for the new channel, which will have 'an emphasis on freedom of speech', said Andrew Lack, the chief executive of Bloomberg's multimedia group. Mr Lack said editorial independence was a prerequisite for Bloomberg to enter the deal.
Prince Walid of Saudi Arabia, Investment in shares
Prince Walid of Saudi Arabia, Investment in shares
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.
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