Sunday, November 8, 2009, 6:22AM ET - U.S. Markets Closed.

World's Billionaires - #19

Wednesday, March 5, 2008provided by

© AP Photo
Alsaud-Prince-Alwaleed

Prince Alwaleed Bin Talal Alsaud
Saudi Arabia    
$21.0 bil

  • 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 | Next

Back to Top 20 List

Copyrighted, Forbes.com. All rights reserved.

Rates

See today's average rates across the country.

More from Yahoo! Sources

  • CNN Money
  • Consumer Reports
  • Kiplinger
  • The Motley Fool
  • Business Week
  • Wall Street Journal

Sponsored Links

Super Cheap Car Insurance Quotes
Get Discount Auto Insurance Quotes Online - Rates from $15 / Month.
USInsuranceOnline.com
Obama Gives $31 Billion for Student Aid
Get Your Degree Now. Financial Aid & Scholarships are available.
www.ClassesUSA.com
Buy Stocks - $4 Fee at ShareBuilder
No account or investment minimums. No inactivity fees. Start today.
www.sharebuilder.com
Refinance Now at 4.25% Fixed
No hidden fees-4.4% APR! No obligation. Get 4 free quotes. No SSN req.
MortgageRefinance.LendGo.com
Need Affordable Health Care?
Get Affordable Health Insurance Quotes Online - Rates from $30 / Month
Health-Insurance-Quotes.com
Obama Urges Homeowners to Refinance
($200,000 Refinance under $1,059/mo) See Rates - No Credit Check Req.
SeeRefinanceRates.com

Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Yahoo! Answers is provided for informational purposes only, and no Q&A is intended for trading or investing purposes. Yahoo! shall not be responsible or liable for the accuracy, usefulness or availability of any Q&A information, and shall not be responsible or liable for any trading or investment decisions based on such information. View Complete Answers Disclaimer.