Riyadh, Saudi Arabia: Al-Waleed Bin Talal bin Abdulaziz al Saud is a Saudi business magnate, investor, and philanthropist. He is a member of the Saudi royal family.
Al-Waleed Bin Talal bin Abdulaziz al Saud born 7 March 1955 is a Saudi business magnate, investor, and philanthropist. He is a member of the Saudi royal family.
Waleed was listed as one of Time magazine’s Time 100, an annual list of the hundred most influential people in the world in 2008. Waleed is a nephew of the late Saudi King Abdullah, a grandson of Ibn Saud, the first Saudi king, and a grandson of Riad Al Solh, Lebanon’s first Prime Minister.
Al-Waleed is the founder, the chief executive officer and 95 percent-owner of the Kingdom Holding Company, a Forbes Global 2000 company with investments in companies within various sectors such as financial services, tourism and hospitality, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology, and real estate. The company has a market capitalization of over $18 billion in 2013. Waleed is also Citigroup’s largest individual shareholder, the second-largest voting shareholder in 21st Century Fox, and owns Paris’ Four Seasons Hotel George V and part of the Plaza Hotel. His business acumen and shrewd entrepreneurial prowess have earned him comparisons to American investor and business magnate Warren Buffett. Due to his prominence as a businessman, he was acknowledged by Time, who labeled the Prince as the “Arabian Warren Buffett”. In June 2015 Forbes listed Al-Waleed as the 34th-richest man in the world, with an estimated net worth of US$28 billion.
In 2015 Al-Waleed announced that he would donate his entire fortune to charity at an unspecified date. Some of the reasons cited were fostering cultural understanding and empowering women.