Wealth: 20.4 Billion
If anyone thought for a moment that Prince Alwaleed would start cutting back on his workload, they should think again. Only half the year is gone, but the world’s most famous and richest Arab has had a phenomenal six months — apart from plenty of globetrotting, there is also talk of some kind of collaboration with Google, a $400m stake in Glencore International, and Rupert Murdoch upping his stake in Rotana. All this means that the prince retains his top slot on our Saudi Rich List (and indeed global Arab Rich List) with a fortune of $20.4bn. We have again assessed his wealth in five separate areas: first, the publicly traded stocks, which all fall under Kingdom Holding Company. Second, the major companies outside KHC (namely Rotana and LBC). Third is the prince’s real estate. Fourth, other major assets valued (mainly transportation).
The rest is made up by his jewellery collection, his investment in a French port and his stakes in Lebanese and Palestinian companies. The fifth part of his wealth is held entirely as cash in banks.
So what keeps him going? During an exclusive interview with Arabian Business last year, 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.”