Saudi Arabia’s Prince Alwaleed's Timeline

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Saudi Arabia’s Prince Alwaleed has been selected by Arabian Business as the world's most powerful Arab for the ninth consecutive year.

The Kingdom Holding chairman took pole position in the Power 500 list - just ahead of Emirates Airline chairman Sheikh Ahmed.

Read our timeline to find out more about the life of Prince Alwaleed and see the full list of the world's 500 most powerful Arabs here.

Prince Alwaleed was born on 7 March 1955 in Jeddah to a senior member of the Saudi royal family and the daughter of Lebanon's first Prime Minister after independence
Alwaleed attended military school in the Saudi capital Riyadh, before receiving a Bachelor of Science degree in 1979 in business administration from California's Menlo College, before attaining a master's degree in Social Science with honours from Syracuse University in 1985
Alwaleed founded investment vehicle Kingdom Holding, the company which today he still owns 95 percent of and manages on a day-to-day basis
Alwaleed came to prominence after he acquired a 5 percent stake in US bank Citigroup for about US$550m. That stake is now worth much more
The prince bought a 43 percent stake in the New York Plaza Hotel, that he would later go on to sell
A high profile investment in 1996 was the George V Hotel in Paris, for which Alwaleed paid US$185m
Alwaleed bought a 7 percent in Rupert Murdoch's News Corp, as well as a 5 percent stake in Apple, which he later sold in 2005
In 1999 Alwaleed raised his News Corp stake to US$600m
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In 2000, Alwaleed invested US$400m in Compaq Computer Corp
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The Kingdom Centre in Riyadh, owned by Prince Alwaleed, was completed in 2002, at a cost of US$466m
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Alwaleed acquired the prestigious Savoy Hotel in London for GBP£250m. In the same year Alwaleed topped Arabian Business's inaugural Power and Rich Lists.
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Alwaleed's Kingdom Holding purchased Canadian hotelier Fairmont Hotels and Resorts for an estimated US$3.9bn in partnership with US real estate firm Colony Capital
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The prince continued to dominate Arabian Business's Power and Rich lists, again claiming top spots in both
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Alwaleed announced plans to trump Dubai's Burj Khalifa and build the world's tallest tower in Jeddah, Saudi Arabia, known as the Kingdom Tower
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Alwaleed made his latest high profile investment, purchasing a US$300m stake in popular micro blogging site Twitter
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Alwaleed cemented his position as the world's richest Arab, increasing his wealth to US$25.9bn, maintain his position at the top of the Arabian Business Rich List
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The Prince made his first foray into China as an investor, buying a US$700m stake in online retailer 360buy Jingdong
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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

Posted by: Abdullah Noorani

If Person have wealth and mind, opportunities comes to him.

" Moneys catches Money"

Posted by: rachel

he really works hard ... wow! an achiever indeed!

Posted by: Bess Angeles

'Your Excellency..pls. accept my deepest gratitude and congratulation for all those success in business you have shared for everybody..You are one of a kind successful and humbled person that could mark as a better example for improving the economic and good standard of living for all mankind as well as in the Kingdom of Saudi Arabia.."We are all proud of you".. "May the good with you always..God Bless you..



Posted by: alexcchacko

very nice i like him god bless you more

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