Prince Alwaleed tops Rich List for record seventh year

  • Share via facebook
  • Tweet this
  • Bookmark and Share

For the seventh successive year, Prince Alwaleed tops the annual Arabian Business Rich List, with a total net worth of $20.4bn.

Although global markets are only just beginning to recover from the recession, the Kingdom Holding Company (KHC) chairman’s canny investments have seen his wealth grow by an impressive 13.3 percent from the $18.0bn recorded just a year ago.

As usual, this figure has been confirmed with Prince Alwaleed’s private office in Riyadh. 

Apart from the publicly traded stocks of KHC, Arabian Business has assessed his wealth in four separate areas; the major companies outside KHC, the Prince’s real estate, his other major assets (including planes and cars), and his cash deposits at various banks.

It should also be noted that HRH has donated close to $3bn during his career to good causes, and through his Foundation he is now one of the world’s most prolific philanthropists.

Now 55 years old, the prince shows no signs of slowing down. His latest move late in 2010 was the decision to take a 1% stake for $500m in General Motors during the US auto giant’s IPO.

So what keeps him going?

During an exclusive interview with Arabian Business two months ago, he explained: “There’s no limit for success. Success is achievement, grow your business and plough back some of your benefits to improve the lives of people, it’s a cycle…..There is no top.

“The moment you reach the top you go downhill. If you reach the top of the hill what happens next? You have to go down. I’m not planning to go down. As far as I am concerned, you can never reach the top of the hill.”

To read the full Arabian Business Rich List 2010, click here

 

Related:

Special Report

AB Rich List 2010

AB Rich List 2010

Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Smoke-free Dubai - the big debate

Smoke-free Dubai - the big debate

Will the emirate ever be smoke free? We spark up the conversation...

4
Mentoring matters: Mowgli Q&A

Mentoring matters: Mowgli Q&A

Kathleen Bury, CEO of mentoring foundation Mowgli, on why mentoring...

Guide to getting married in Dubai on a budget

Guide to getting married in Dubai on a budget

Alarmed by how expensive weddings are? Our experts reveal how...

2
Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew