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Tue 7 Nov 2000 04:00 AM

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Royal families drawn to dot.com companies

Prince Al Waleed bin Talal isn’t the only high profile royal investing in dot.coms. Queen Elizabeth II is partial to a flutter herself.

Prince Al Waleed bin Talal isn’t the only high profile royal investing in dot.coms. According to The Guardian, a British daily newspaper, Queen Elizabeth II is partial to a flutter herself.

The queen, or at least her office, is already reported to have invested in getmapping.com, which has suffered the same roller coaster ride as most Internet stocks.

Undeterred, she is now said to have bought in excess of 2.5 million shares of a company called Poptones.

Poptones is an Internet record label started by Alan McGee, best known as the man that discovered UK rock band, Oasis. As a record label as well as a dot.com, Poptones may be less exposed to the vagaries of Internet stock fluctuations, but it still shows that the queen, as she demonstrates in her love of horse racing, is partial to big investments in risky businesses.

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