ArabianBusiness.com - Middle East Business News
Sunday, 23 November 2008 23:00 UAE time
 
 

1#  HRH Prince Alwaleed Bin Talal Al Saud
1# HRH Prince Alwaleed Bin Talal Al Saud

Country of Residence / Nationality: Saudi Arabia
It has been another busy year for HRH Prince Alwaleed, and he has successfully maintained his position at the very top of this year's Power List.
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It has been another busy year for HRH Prince Alwaleed, and he has successfully maintained his position at the very top of this year's Power List.

In the last few months he has become particularly close to Microsoft chairman Bill Gates. After attending a dinner at Gates' Bellevue, Washington home, Alwaleed agreed to explore ways to assist Microsoft's expansion in Saudi Arabia. More immediately, Alwaleed, Gates and Isadore Sharp (chief executive of the Four Seasons hotel group) have teamed up to buy the Four Seasons group for US$3.37bn. Alwaleed has also joined forces with four other billionaires as part of a consortium bidding for Saudi Arabia's lucrative third mobile licence.

Alwaleed's business empire, through Kingdom Holdings, stretches across four continents. It has held stakes in the likes of Apple Computers, News Corporation, Fairmont Hotels and Saks Fifth Avenue. His shareholding in the world's biggest bank, Citigroup, is valued at nearly US$10bn.

He is also in line to snap up US$200m of apartments in London's West End, and through his business interests, he effectively employs over 30,000 people around the globe.

The Prince's influence stretches far beyond the business world - he has very close ties to many Western leaders, and is a prominent philanthropist.
 

 
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