Saudi Prince a Multibillionaire

(Australia Financial Review/Wall Street Journal) Andrew Higgins - Prince Alwaleed bin Talal sat on the floor of a cavernous fibreglass tent pitched in the desert north of the Saudi capital Riyadh, focused on four generator-powered, flat-panel TV sets broadcasting almost non-stop news. Prince Alwaleed, the 47-year-old chairman and sole owner of Kingdom Holdings, a Riyadh-based investment company, is the largest single foreign investor in the U.S., with assets valued at US$13 billion.


2002-11-15 00:00:00

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