The last year that has, even by his standards, been extraordinary, with
Kingdom Holding’s investment strategy across thirteen different sectors paying
off big time. He withstood calls to withdraw from News Corp after the phone
hacking scandal, and has now seen its share price hit a five-year high.
He resisted the pressure to jump on the Facebook bandwagon before its
disastrous IPO, and was savvy enough to nab a $300m investment in Twitter,
which observers suggest has rocketed in value. And his decision to stick with
Citigroup through many years of thick and thin also now looks completely vindicated.
But it’s the prince’s key investments that have made a huge difference,
including a 34 percent jump this year in News Corp’s share price. “I have a
very structured life: every day the same thing,” the prince told us last year.
“That it is like I am on autopilot and why should I change it? It is a recipe
for success. If it ain’t broke, why fix it?” Why indeed.