Banking and finance
Eleven years of the Arabian Business Rich List and eleven consecutive years at the very top for HRH Prince Alwaleed. A remarkable and consistent performance that we are unlikely to see repeated by anyone for generations to come.
The majority of the prince’s wealth comes from his 95 percent stake in the publicly listed Kingdom Holding Company (KHC). The company’s share price has fallen by 20 percent over the past year, giving it a market capitalisation (on 2 December) of $17.48bn. However his total wealth in 2014 only fell slightly: this is largely down to the strong performances from the other sources of his wealth, primarily his media arm (which includes Rotana) and his many private investments and privately held assets. There has also been a significant rise in the value of his real estate. In total, his non-Kingdom Holding fortune now tops $11bn.
But it is Kingdom Holding that the prince remains best known for on the business stage. Today the company has major interests in investment categories ranging from hotel management companies and real estate to media and publishing, entertainment, finance and investment services, social media and technology, consumer and retail, petrochemicals, education, private equities, healthcare, aviation — even agriculture. He has stakes in global brands such as Apple, Twitter, Citigroup, News Corp, Fox and PepsiCo, while this year he scored a huge hit with his stake in Chinese online retailer JD.com which listed on the NASDAQ.
Next year sees HRH turn 60, but all the signs are that one of the world’s most successful ever investors remains as active as ever, searching for the next mega-deal.