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The World's Billionaires
#19 Prince Alwaleed Bin Talal Alsaud
03.05.08, 6:00 PM ET

< Previous: Alexei Mordashov Next: Mikhail Fridman >

AP Photo
Age: 51

Fortune: self made

Source: investments

Net Worth: $21.0 bil

Country Of Citizenship: Saudi Arabia

Residence: Riyadh , Saudi Arabia, Middle East & Africa

Industry: Investments

Marital Status: married, 2 children

Education: Menlo College, Bachelor of Arts / Science
Syracuse University, Master of Science
The most active and successful investor in the Middle East took his investment vehicle, Kingdom Holding, public on the Saudi stock exchange in July 2007. Kingdom 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, among many others. The share price of Kingdom Holding does not fully reflect the 45% drop in stock price of Citigroup, his largest investment, in 2007. Alwaleed joined the Singapore government investment arm and several other investors in a $12.5 billion capital injection for Citigroup in January 2008; the size of his investment is undisclosed. In the early 1990s, Alwaleed made a risky bet on Citigroup that paid off hugely; in recent years it accounted for nearly half his fortune.

< Previous: Alexei Mordashov Next: Mikhail Fridman >

Distribution of Billionaires by Residence

Diameter of disc reflects size of fortune. The red disc indicates Prince Alwaleed Bin Talal Alsaud



< Previous: Alexei Mordashov Next: Mikhail Fridman >

For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 11, 2008.



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