Prince Al-Waleed Bin Talal Alsaud was born on the 5 March 1955, in Jeddah Saudi Arabia to parents Prince Talal of the Saudi royal house, and Mona Al Solh, daughter of Riad Al Solh, Lebanon’s first Prime Minister; the Prince therefore has dual- Saudi and Lebanese –nationality. He is listed by Forbes magazine in 2015 to be the 33rd richest person in the world, and the richest in Saudi Arabia.
So just how rich is Prince Al-Waheed? Forbes estimates that the Prince’s current net worth is over $22 billion, his wealth having been accumulated principally through his investments in real estate and actual construction. His assets also include a Boeing 747, an Airbus 321 and a Hawker Siddeley 125, plus the Prince was the first individual to purchase an Airbus A380, but it was sold before delivery. He is further reported to have ordered the largest private yacht in the world to be built.
Prince Al-Waleed Bin Talal Alsaud Net Worth $22 Billion
From the age of seven, Prince Al-Waleed lived mostly in Lebanon with his mother after his parents separated. He graduated with a BSc degree in business administration from Menlo College in California in 1979, and then with a MA degree in social science with honors from Syracuse University in 1985. The Prince initially established his net worth by became involved in oil-based construction during the boom of the 80s, and then in banking, buying the struggling United Saudi Commercial Bank, and merging it with Saudi Cairo Bank and SAMBA to turn the conglomerate into one of the leading Middle Eastern banks. Subsequently he repeated this rescue effort by buying shares in Citicorp in 1991 when the company was in crisis, now valued at $1 billion.
The Prince continued making investments in the western world, his interests switching to technology and media companies, including AOL, Apple Inc. – sold in 2005 – MCI Inc., Motorola, Fox Broadcasting, and others, but his investments in Eastman Kodak and the airline TWA were less successful. Regardless, Al-Waleed’s net worth has grown consistently.
The Prince has always maintained his interest in real estate, including at various times in the Four Seasons hotel chain and the Plaza Hotel in New York; London’s Savoy Hotel, purchased for an estimated $400 million in 2005; Monaco’s Monte Carlo Grand Hotel; and Toronto-based Fairmont Hotels and Resorts bought for $4 billion in 2006. In 2011, Al-Waleed announced that his company would build the tallest building in the world, the Kingdom Tower in Jeddah at a height of at least 1,000 metres for a reputed $10 billion. He currently holds a 10 percent stake in Euro Disney SCA, the company that owns Disneyland Paris. As can be seen, Al-Waleed’s net worth continued to grow substantially.
Al-Waleed is the founder, the Ceo and the main 95-persent owner of the Kingdom Holding Company. In 2011, Al-Waleed invested in Twitter to the extent that the purchase gave Kingdom Holding a more than 3% share of the company, which was valued at $8 billion in late summer 2011. The Research and Marketing Group (SRMG), reportedly the largest media company in the Middle East, is reported to be 35% owned by the Prince.
Is there any doubt where Prince Al-Waleed’s wealth comes from, and its current worth? However, the Prince is a noted, if sometimes controversial, philanthropist. He donated $10 million to New York City after the 9/11 attack, but his comments regarding the reason for the attack saw it rejected. In 2002, Al-Waleed donated £18.5 million to the families of Palestinians during a TV telethon following Israeli operations in the West Bank city of Jenin.
Al-Waleed has also donated to various universities around the world to promote Islamic studies, including Cambridge and Harvard.
In 2004, the Prince contributed $17 million to victims of the 2004 Indian Ocean earthquake and tsunami.
In his personal life, Prince Al-Waleed has been married three times, to Dalal bint Saud bin Abdulaziz , with whom he has two children; Eman bint Naser bin Abdullah al Sudairi, and Ameera al-Taweel: all three marriages have ended in divorce.
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