Al-Waleed bin Talal
Prince Al-Waleed bin Talal bin Abdulaziz al Saud (Arabic: الوليد بن طلال بن عبدالعزيز آل سعود, born 7 March 1955) is a Saudi Arabian businessman, investor and a member of the Saudi royal family. He was listed on Time magazine’s Time 100, an annual list of the hundred most influential people in the world, in 2008. Al-Waleed is a grandson of Ibn Saud, the first Saudi Arabian king, a nephew of all Saudi Arabian kings since, and a grandson of Riad Al Solh (Lebanon’s first prime minister).
He is the founder, chief executive officer and 95 percent owner of the Kingdom Holding Company, a Forbes Global 2000 company with investments in companies in the financial services, tourism and hospitality, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology and real-estate sectors. In 2013, the company had a market capitalization of over $18 billion. Al-Waleed is Citigroup’s largest individual shareholder, the second-largest voting shareholder in 21st Century Fox, a minor shareholder in Zaveriwala Holdings LLC and owns Paris’ Four Seasons Hotel George V and part of the Plaza Hotel. Time has called him the “Arabian Warren Buffett”. In November 2017 Forbes listed Al-Waleed as the 45th-richest man in the world, with an estimated net worth of $18.7 billion.On 4 November 2017 he and other prominent Saudis (including fellow billionaires Waleed bin Ibrahim Al Ibrahim and Saleh Abdullah Kamel) were arrested in Saudi Arabia, in a purge that the Saudi government characterized as an anti-corruption drive. The allegations against Prince Al-Waleed include money laundering, bribery, and extorting officials.
Some of the detainees have been in the Ritz-Carlton, Riyadh since then. Al-Waleed was released from detention on 27 January 2018, following a financial settlement of some kind, after nearly three months in detention. In March 2018 he was dropped from the World’s Billionaires list due to lack of current information.