kids encyclopedia robot

Al Waleed bin Talal Al Saud facts for kids

Kids Encyclopedia Facts
Quick facts for kids
Al Waleed bin Talal Al Saud
الوليد بن طلال بن عبد العزيز آل سعود
Al Waleed bin Talal 2015.jpg
Al Waleed in 2015
Born 7 March 1955 (1955-03-07) (age 66)
Nationality Saudi Arabian
Alma mater Menlo College
Syracuse University
Occupation Chairman and CEO of Kingdom Holding Company
Years active 1979–present
Net worth IncreaseUS$16.0 billion (February 2021)
Spouse(s) Dalal bint Saud bin Abdulaziz (divorced)
Eman bint Naser bin Abdullah Al Sudairi (divorced)
Ameera al-Taweel (divorced)
Family Saud

Al Waleed bin Talal bin Abdulaziz Al Saud (Arabic: الوليد بن طلال بن عبد العزيز آل سعود
Al-Walīd bin Ṭalal bin 'Abd al-'Azīz Āl Su'ūd, born 7 March 1955) is a Saudi Arabian businessman, investor, philanthropist and a member of the Saudi royal family. He was listed on Time magazine's Time 100, an annual list of the hundred most influential people in the world, in 2008. Al-Waleed is a grandson of Ibn Saud, the first Saudi Arabian king, a nephew of all Saudi Arabian kings since, and a grandson of Riad Al Solh (Lebanon's first prime minister).

He is the founder, chief executive officer and 95 percent owner of the Kingdom Holding Company, a company with investments in companies in the financial services, tourism and hospitality, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology and real-estate sectors. In 2013, the company had a market capitalization of over $18 billion. Al-Waleed is Citigroup's largest individual shareholder, the second-largest voting shareholder in 21st Century Fox, a minor shareholder in Zaveriwala Holdings LLC and owns Paris' Four Seasons Hotel George V and part of the Plaza Hotel. Time has called him the "Arabian Warren Buffett". In November 2017 Forbes listed Al-Waleed as the 7th-richest man in the world with a net worth of $39.8 billion.

On 4 November 2017, he and other prominent Saudis (including fellow billionaires Waleed bin Ibrahim Al Ibrahim and Saleh Abdullah Kamel) were arrested in Saudi Arabia, in a purge that the Saudi government characterized as an anti-corruption drive. The allegations against Prince Al-Waleed include money laundering, bribery, and extorting officials.

Some of the detainees have been in the Ritz-Carlton, Riyadh since then. Al-Waleed was released from detention on 27 January 2018, following a financial settlement of some kind, after nearly three months in detention. In March 2018 he was dropped from the World's Billionaires list due to lack of current information.

He was listed in the 'Top 100 most powerful Arabs 2021' by Gulf Business.

Images for kids

kids search engine
Al Waleed bin Talal Al Saud Facts for Kids. Kiddle Encyclopedia.