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Prince Al Waleed Bin Talal E-mail
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Sunday, 09 January 2011


Holdings

The Prince has stakes in many of the world's most prominent companies, including Citicorp, Apple, Motorola, Disney and Time Warner, to name a few. The logos of some of the companies he has an interest in are displayed on a panel behind his desk in his office in Riyadh, above.






Cover Man

In his office, Alwaleed displays the many magazines that have fetured him on their covers.

Brief

Prince Al-Waleed bin Talal (also spelled Waleed bin Talal) (Arabic: الوليد بن طلال بن عبد العزيز آل سعود‎; born 7 March 1955) is a member of the Saudi Royal Family. He is the nephew of the Saudi Arabian King Abdullah. An entrepreneur and international investor but without real political power within the House of Saud or in Saudi Arabia, he has amassed a fortune through investments in real estate and the stock market.

As of March 2010, his net worth is estimated at US$19.4 billion, up from $13.3 billion, according to Forbes, making him the 19th richest person in the world on their list published in March 2010.He has been nicknamed by Time magazine as the "Arabian Warren Buffett".


Early life

Al-Waleed bin Talal was born to Talal ibn Abd al-Aziz, son of the founding King of Saudi Arabia, Abdul Aziz Al Saud, and Princess Mona El-Solh, Daughter of Riad as-Solh Lebanon's first Prime Minister. He is Prince Talal's second son.



Business Interests

Al-Waleed began his business career in 1979 upon graduation from Menlo College. 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 ($2.98 a share after adjusting for stock splits, acquisitions and spin-offs, according to Bloomberg calculations) to bail out Citibank caused by underperforming American real estate loans and Latin American businesses, his holdings in Citigroup now comprise for about $1 billion. His investments in Citibank earned him the title of Saudi Warren Buffett.

His stake in Citibank once accounted for approximately half of his wealth, prior to the recent financial crisis. At the end of 1990 he bought 4.9% of Citicorp’s existing common shares for $207m ($12.46 per share)—the most that he could without being legally obliged to declare his interest. In February 1991, as American troops stationed in Saudi Arabia were preparing for war with Iraq, the prince spent $590m buying new preferred shares, convertible into common shares at $16 each. This amounted to a further 10% of Citicorp and took his stake to 14.9%.

Later, he also made large investments in AOL, Apple Inc., MCI Inc., Motorola, News Corporation Ltd and other technology and media companies.

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. He currently holds a 10% stake in Euro Disney SCA, the company that owns, manages and maintains Disneyland Paris in Marne-la-Vallee, France.

In January 2005, Al-Waleed purchased the Savoy Hotel in London for an estimated GBP £250 million, to be managed by Fairmont Hotels; his sister, The Princess Sultana Nurul Al-Waleed owns an estimated 16% stake. In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holding acquired Toronto, CA-based Fairmont Hotels for an estimated $3.9 billion.

As of 2008, there are plans for the $10 billion construction of the Tallest Building in the World or برج الميل (Arabic for "the Tower of One Mile"), a supertall skyscraper to be the tallest in the world, at one mile (1609 m) in height.

In 1997, Time Magazine reported that bin Talal owned about 5% of News Corporation. By 2010 Alwaleed's stake in News Corp. was about 7% stake at worth $3 Billion noted the 2010 News Corp. $70 million (9%) investment in Al-Waleed's Rotana Group, the Arab World's largest entertainment company. The review also referred to the Al-Waleed investment AOL in the past tense.

Among his many assets are: a 95% stake in Kingdom Holding Company; 91% ownership of Rotana Video & Audio Visual Company; 90% ownership of Lebanese Broadcasting Center ( LBCSAT ); 7% of News Corp (Fox News); about 6% of Citigroup; 17% of Al Nahar and 25% of Al Diyar, two daily newspapers published in Lebanon.



Academic Awards


Bachelors of Science in Business Administration, magna cum laude, Menlo College, California, 1979

Masters of Social Science with honors, Syracuse University, 1985


Assets










Al-Waleed owns the 85.9-meter (282-foot) yacht Kingdom 5KR,, originally built as the "Nabila" for Saudi arms dealer Adnan Khashoggi. She posed as the Flying Saucer, the yacht of James Bond villain Largo in the film Never Say Never Again. The yacht was later sold to Donald Trump, who renamed her Trump Princess. Al-Waleed bought back the yacht after Trump's second bankruptcy.


He has ordered a new yacht currently known as the New Kingdom 5KR which will be about 173 meters (557 feet) long and carries an estimated cost of over $500 million. The yacht is rendered by Lindsey Design and is expected to be delivered in late 2010.

Al-Waleed owns several aircraft, all converted for private use: a Boeing 747, an Airbus 321 and an Hawker Siddeley 125. Also on order is an Airbus A380, the world's largest passenger aircraft, which is scheduled for delivery in 2012.This has been noted in the 2009 Guinness World Records as the largest private jet in the world.














Al-Waleed also owns above 200 cars, including Rolls Royce, Lamborghini, Ferrari etc.

The Economist has expressed doubts about the source of income of Prince Al Waleed and whether he is a front man for other Saudi investors. According to it, his income in the 1990s was insufficient to cover his expenditures. "You could barely clothe a Saudi prince for such sums, let alone furnish him with a multi-billion-dollar empire. Nevertheless, by 1991 Prince Alwaleed had felt able to risk an investment of $797m in Citicorp", writes the magazine.


The A380

Imagine the perfect flying experience - no queues and a reclining seat.

Add four-poster beds, a Turkish bath for four and somewhere to put the Rolls-Royce - not to mention a boardroom with holographic screens and a concert hall.

Then you've got a $500 million flying palace - a superjumbo designed to order for a Middle Eastern prince.

When complete in three years time, the converted Airbus A380 will be the world's largest private jet.











Its fabulously wealthy owner is unknown, but names linked to the plane include Saudi Prince al-Waleed bin Talal, owner of the Savoy Hotel. It is being designed to order by the Worcestershire-based firm Design Q.

In a space normally given to 600 passengers, the owner and his guests will enjoy five-star treatment from the moment of arrival.

After driving up to his plane, he will have the car parked in the onboard garage.

A lift drops to the tarmac and a red carpet unfurls, with downlights to 'give the impression of turning up at the Oscars', according to Design Q's co-founder Gary Doy. The belly of the A380 has been turned into a relaxation zone, including a Turkish bath lined with marble only two millimetres thick to keep the weight down.

Next door is a wellbeing room, with the floor and walls turned into a giant screen showing the ground down below. Guests can stand on a 'magic carpet' and watch the journey, a scented breeze blowing into the room.












If work really is unavoidable, the boardroom is on hand with iTouch screens and live share prices projected on to the tables. For conference calls, a business partner on the ground can be virtually projected on to the table to 'join' a meeting.

The five suites which form the owner's private quarters have king- size beds, entertainment systems and a prayer room featuring computergenerated prayer mats which always face Mecca. A lift shuttles between the plane's three floors, from the private quarters upstairs, down to the concert hall, featuring a baby grand piano and seating for ten, and to the garage below.

There are around 20 'sleepers' - the equivalent of First Class seats - for extra guests. According to the designers, the style is elegant curves and swirls of Arabic writing.

Mr Doy added: 'It is something very, very special and there is nothing like it on the market yet.

'There is everything a billionaire could want.

'We are not trying to put a hotel in the air, it is tailored to the needs of flying, and has unique features which fit into that. The Turkish bath is particularly spectacular, a steam room with marble, low lights and lots of spa treatments to choose from.'















Palaces

1- Kingdom Resort:   Area (sq m) = 500,000  It contains three lakes integrated with splendid gardens. This is where he entertains his guests.

2- Promotion Palace  Area (sq m) = 250,000  This palace is frequently shown in videos for the promotion of public relations which is why locals have dubbed it as "Promotion Palace".[20] It has three swimming pools and large splendid palace. The mosque on the left and the palace next to it are also his. According to Time Magazine "Al-Waleed and his two wives live in Riyadh, Saudi Arabia in a $300 million sand-colored palace whose 317 rooms are adorned with 1,500 tons of Italian marble, silk oriental carpets, gold-plated faucets and 250 TV sets. It has four kitchens, for Arabic, Continental and Asian cuisines, and a fifth just for dishing up desserts, run by chefs who can feed 2,000 people on an hour's notice. There is also a lagoon-shaped pool and a 45-seat basement cinema".

3- Kingdom Oasis  Area (sq m) = 4,000,000   This 4 million square metre luxury resort includes a 70,000 square metre lake and a private zoo.


Comforts of Home










The Camp is equipped with numerous satellite televisions and telephones.

Al-Waleed bin Talal's Daughter Palace

Here are some photos of Rym’s Palace, the daughter of the billionaire Al-Waleed bin Talal.





























 

Comments  

 
+6 #9 I WISHDRNABEELASHIQ 2011-04-03 09:45
IF ALL THESE CANNOT BRING A SINGLE SMILE ON HER LIPS THEN I DONT WANT ALL THESE
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+1 #8 A.D.Munitech-uae 2011-02-17 20:46
IS HIS HOUSE FOR RENT ? :lol:
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+3 #7 A.D.Munitech-uae 2011-02-17 20:45
is his house for rent ?
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-1 #6 Absolutely LoyalEdgar Seledon 2011-02-01 05:14
I wish I could work for Prince Al Waleed Bin Talal. I would definitely be someone he could trust.
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+2 #5 Copy WriterFatema Husseini 2011-01-18 23:45
I Wish that he have a son , i will let my daughter marry him immediately
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0 #4 wowInaam Rajab 2011-01-11 07:50
wow!!!!wow!!!!!
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+2 #3 Graphic DesignerNirvana Rammal 2011-01-10 00:20
congrats dear ayman!
i mean it :D
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+2 #2 Proposal :)Ayman 2011-01-10 00:00
I officially propose for princess Rym for marriage if she is still single :-*

Always been a big fan of the guy :lol:
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+1 #1 Graphic DesignerNirvana Rammal 2011-01-09 23:45
sho ismo 3al ocs :D
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