HRH holds a 95 percent stake, although it has been a tough 2009 for the Prince, as his investments across the globe have been hit hard by the global economic crisis, and particular difficulties in the banking and tourism sectors.
Last December, Arabian Business evaluated his fortune at $17.08bn.
On Wednesday it was announced that KHC had seen first half net profit fall 61 percent, due to weaker results at Four Seasons in Paris and Cairo, as well as lower real estate sales and an impairment charge.
The company also said revenues fell by almost 11 percent, to $103.3m. Net profit was $8m in the period, compared with $20.6m in the first half last year.
Prince Alwaleed is followed on the list by energy and industry tycoon Mohammad Al Amoudi, and then MBI boss Mohamed Bin Issa Al Jaber.
Propping up the list with a fortune calculated at $350m, is FMCG baron Khaled Baeshen, who owns the popular Rabea Tea brand.
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