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Encyclopedia > Alwaleed bin Talal
HRH Price Alwaleed Bin Talal Bin Abdulaziz Al Saud
HRH Price Alwaleed Bin Talal Bin Abdulaziz Al Saud

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, born in 1955 and usually known simply as Prince Alwaleed, is a member of the Saudi Royal Family who has amassed an independent fortune through investments in shares and property. Image File history File links File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... 1955 is a common year starting on Saturday of the Gregorian calendar. ... // The House of Saud The House of Saud refers to the royal family of Saudi Arabia. ... See stock (disambiguation) for other meanings of the term stock A stock, also referred to as a share, is commonly a share of ownership in a corporation. ... // Use of the term The concept of property or ownership has no single or universally accepted definition. ...


Born in Riyadh, Prince Alwaleed studied in the USA at Menlo College and Syracuse University. He is married with two children. He is the nephew of King Fahd of Saudi Arabia but has stayed outside of the core of political power in Saudi Arabia, instead building a large international financial business called the Kingdom Holding Company. He is calculated to be one of the world's richest billionaires, worth $21.5 billion (according to Forbes magazine), making him the richest muslim in the world, independently of any claim on the Saud family wealth. His investments are organized through his Kingdom Holding Company. Syracuse University Syracuse University (SU) is a major private American research university. ... King Fahd of Saudi Arabia King Fahd bin Abdul Aziz (born in Riyadh in 1923) is the king and prime minister of Saudi Arabia and leader of the House of Saud. ... Kingdom Holding Company is one of the largest Saudi companies. ... A millionaire is a person who has a net worth or wealth of more than one million United States dollars, euros, UK pounds or units of a comparably valued currency. ... For the Boston Brahmin family of John Forbes Kerry, see Forbes family. ... A Muslim (Arabic: مسلم) is a believer in or follower of Islam. ... Kingdom Holding Company is one of the largest Saudi companies. ...

Contents


Investment activities

Prince Alwaleed's activities as an investor came to prominence when he bought a large tranche of shares in Citicorp in the 1990s when that firm was in difficulties. He has also made large investments in AOL, Apple Computer, Motorola, News Corporation Ltd and other technology and media companies. One of several related securities offered at the same time. ... Citibank was founded in 1812 as City Bank of New York. ... America Online, or AOL for short, is a corporate online service provider and Internet service provider (ISP). ... Apple Computer, Inc. ... Motorola (NYSE: MOT) (TYO: 6686) is a global communications company based in Schaumburg, Illinois, a Chicago suburb. ... News Corporation (abbreviated to News Corp) (NYSE: NWS) is one of the worlds largest media conglomerates. ...


His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York; he sold most of his share in the latter in August 2004. He holds a 10% stake in Euro Disney SCA, the organization who manage and maintain the Disneyland Resort Paris in Marne-la-Vallee, France. The Four Seasons Hotel (TSX: FSH.SV) (NYSE: FS) chain consists of many hotels and resorts aimed at the top of the hotel market. ... The Plaza Hotel as seen in 2004 from The Pond in Central Park. ... Euro Disney SCA - Wikipedia /**/ @import /skins/monobook/IE50Fixes. ... Castle of the Sleeping Beauty in Disneyland Park Disneyland Resort Paris is a vacation and recreation resort in Marne-la-Vallée, near Paris, featuring two Disney theme parks, Disneyland Park (usually called Disneyland Paris) and Walt Disney Studios. ... Marne-la-Vallée is a new town located near Paris, France. ...


In January 2005 he purchased the Savoy Hotel in London for an estimated GBP 250 million, and it will now be managed by Fairmont Hotels in which Prince Alwaleed owns an estimated 16%. 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ... The Savoy Hotel, London The Savoy Hotel is a hotel found on the Strand, London. ... St. ...


In July 2005, he donated $20 million to the Louvre Museum to help fund a new Islamic art wing - a freeform, glassy structure that will bring a modern touch to a neoclassical courtyard. The new Islamic-oriented wing will be opened in 2009. The main courtyard of the Louvre at night. ... Islam ( Arabic al-islām الإسلام,  listen?) the submission to God is a monotheistic faith and the worlds second-largest religion. ...


Charitable activities

Prince Alwaleed is heavily involved in charitable activities across the Arab world, and is estimated to donate more than $50 million annually to good causes. Much of this expenditure is in the field of educational initiatives to promote western understanding of Arab culture.


In 2001 he offered New York City a donation of $10 million towards relief efforts after the September 11, 2001 attacks. This was rejected by Mayor Rudy Giuliani, feeling that the prince's issuance of a statement that the United States, "must address some of the issues that led to such a criminal attack", could be construed as a justification of the terrorist incidents. Midtown Manhattan, looking north from the Empire State Building, 2005 New York City (officially named the City of New York) is the most populous city in the United States, and is at the center of international finance, politics, communications, music, fashion, and culture. ... The September 11, 2001, attacks were a series of coordinated attacks carried out in the United States on Tuesday, September 11, 2001. ... Rudy Giuliani Rudolph William Louis Rudy Giuliani III KBE (born May 28, 1944) served as the Mayor of New York City from January 1, 1994 through December 31, 2001. ...


In 2002 Prince Alwaleed donated $500,000 to the George Herbert Walker Bush Scholarship Fund, established by the Philips Academy in Andover, Massachusetts to honour former President George H. W. Bush. Phillips Academy (also known as Andover and Phillips Andover) is a coed liberal arts high school, located in Andover, Massachusetts, near Boston. ... Location within the British Isles. ... State nickname: Bay State Other U.S. States Capital Boston Largest city Boston Governor Mitt Romney (R) Official languages English Area 27,360 km² (44th)  - Land 20,317 km²  - Water 7,043 km² (25. ... Order: 41st President Vice President: J. Danforth Quayle Term of office: January 20, 1989 – January 20, 1993 Preceded by: Ronald Reagan Succeeded by: Bill Clinton Date of birth: June 12, 1924 Place of birth: Milton, Massachusetts First Lady: Barbara Pierce Bush Political party: Republican George Herbert Walker Bush GCB (born...


Political involvement

Prince Alwaleed bin Talal is not part of the ruling executive within the House of Saud, and has generally kept out of politics, concentrating on his business interests. However, he has recently started to make overt political statements in his press releases and interviews. His views can be seen as critical of Saudi traditionalism, proposing reforms to elections, women's rights and the economy. He has also openly criticized operation of the state-owned oil company, Saudi Aramco. He is vocal about women's rights and hired the first female airline pilot in Saudi Arabia, a country where women are not allowed to drive cars by law. Saudi Aramco (Saudi Arabian Oil Company) is one of the largest oil companies in the world, and the largest in terms of proven crude oil reserves and production. ...


He has also taken a notable pro-American stance, backed up by his $10 million financing of American study programmes at the American University in Cairo. The American University in Cairo (AUC) was founded in 1919 by American Missionaries, but quickly moved away from missionary endeavors in favor of being a strictly educational institution. ...


Philanthropy

External links


  Results from FactBites:
 
Alwaleed bin Talal - definition of Alwaleed bin Talal in Encyclopedia (453 words)
Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, born in 1955 and usually known as Prince Alwaleed, is a member of the Saudi royal family who has amassed an independent fortune through investments in shares and property.
Prince Alwaleed's activities as an investor came to prominence when he bought a large tranche of shares in Citicorp in the 1990s when that firm was in difficulties.
Prince Alwaleed bin Talal is not part of the ruling executive within the House of Saud, and has generally kept out of politics, concentrating on his business interests.
  More results at FactBites »


 
 

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