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Al-Waleed was born to [[Talal bin Abdul Aziz|Prince Talal]], son of the founding King of Saudi Arabia, [[Ibn Saud of Saudi Arabia|Abdul Aziz Al Saud]], and Princess Mona. He is [[Talal ibn Abd al-Aziz|Prince Talal's]] second son.
Al-Waleed was born to [[Talal bin Abdul Aziz|Prince Talal]], son of the founding King of Saudi Arabia, [[Ibn Saud of Saudi Arabia|Abdul Aziz Al Saud]], and Princess Mona. He is [[Talal ibn Abd al-Aziz|Prince Talal's]] second son.


Al-Waleed completed a [[bachelor of science]] degree in [[business administration]] at [[Menlo College]] in 1979 and masters in social science at the [[Maxwell School of Citizenship and Public Affairs]] of [[Syracuse University]], in 1985. He was also awarded an honorary PhD from the [[University of Exeter]]. He has been married five times, and divorced three times. In 2006, he married Ameera Al-Taweel. In 2009, Al-Waleed re-married his former wife (from the United States)who is the mother of his other two children, Prince Najem and Princess Mona. Prince Waleed's first born children are: Prince Khaled and Princess Reem who are from his first wife, (his cousin) Princess Dalal bint [[Saud of Saudi Arabia|Saud bin Abdul Aziz]]. Despite being the nephew of [[Abdullah of Saudi Arabia|King Abdullah]] of [[Saudi Arabia]], he has stayed outside of the core of political power in Saudi Arabia, and instead built a large international corporation called the [[Kingdom Holding Company]], through which he makes his investments.<ref name="zawya.com">http://www.zawya.com/cm/profile.cfm/cid120673</ref>
Al-Waleed completed a [[bachelor of science]] degree in [[business administration]] at [[Menlo College]] in 1979 and masters in social science at the [[Maxwell School of Citizenship and Public Affairs]] of [[Syracuse University]], in 1985. He was also awarded an honorary PhD from the [[University of Exeter]]. He has been married five times, and divorced three times. In 2006, he married Ameera Al-Taweel. In 2009, Al-Waleed re-married his former wife (from the United States) who is the mother of his other two children, Prince Najem and Princess Mona. Prince Waleed's first born children are: Prince Khaled and Princess Reem who are from his first wife, (his cousin) Princess Dalal bint [[Saud of Saudi Arabia|Saud bin Abdul Aziz]]. Despite being the nephew of [[Abdullah of Saudi Arabia|King Abdullah]] of [[Saudi Arabia]], he has stayed outside of the core of political power in Saudi Arabia, and instead built a large international corporation called the [[Kingdom Holding Company]], through which he makes his investments.<ref name="zawya.com">http://www.zawya.com/cm/profile.cfm/cid120673</ref>


== Business interests ==
== Business interests ==

Revision as of 19:03, 10 November 2009

Al Waleed bin Talal Al Saud
Born (1955-03-07) March 7, 1955 (age 69)
Jeddah, Saudi Arabia
NationalitySaudi Arabia, Lebanon
Occupationbusinessman

Template:Saudibox begin Template:Saudibox ancestry Template:Saudibox offspring

  • Khaled bin Waleed
  • Reem bint Waleed
  • Najem bin Waleed
  • Mona bint Waleed

Template:Saudibox end

Prince Al-Waleed bin Talal bin Abdul Aziz Al Saud (Arabic: الوليد بن طلال بن عبد العزيز آل سعود) (born 7 March 1955) is a member of the Saudi Royal Family. He is the nephew of the Saudi Arabian King Abdullah . An entrepreneur and international investor but without real political power within the House of Saud or in Saudi Arabia, he has amassed a fortune through investments in real estate and the stock market.

As of 11 March 2009 his net worth is estimated at US$13.3 billion, down from $21 billion, according to the Arabian Business rich list published December 2, 2008. He is ranked by Forbes as the 22nd richest person in the world. He has been nicknamed by Time magazine as the Arabian Warren Buffett.[1]

Early life

Al-Waleed was born to Prince Talal, son of the founding King of Saudi Arabia, Abdul Aziz Al Saud, and Princess Mona. He is Prince Talal's second son.

Al-Waleed completed a bachelor of science degree in business administration at Menlo College in 1979 and masters in social science at the Maxwell School of Citizenship and Public Affairs of Syracuse University, in 1985. He was also awarded an honorary PhD from the University of Exeter. He has been married five times, and divorced three times. In 2006, he married Ameera Al-Taweel. In 2009, Al-Waleed re-married his former wife (from the United States) who is the mother of his other two children, Prince Najem and Princess Mona. Prince Waleed's first born children are: Prince Khaled and Princess Reem who are from his first wife, (his cousin) Princess Dalal bint Saud bin Abdul Aziz. Despite being the nephew of King Abdullah of Saudi Arabia, he has stayed outside of the core of political power in Saudi Arabia, and instead built a large international corporation called the Kingdom Holding Company, through which he makes his investments.[2]

Business interests

Al-Waleed began his business career in 1979 upon graduation from Menlo College. The Prince's activities as an investor came to prominence when he bought a substantial tranche of shares in Citicorp in the 1990s when that firm was in difficulties. With an initial investment of $550 million ($2.98 a share after adjusting for stock splits, acquisitions and spin-offs, according to Bloomberg calculations) to bail out Citibank caused by underperforming American real estate loans and Latin American businesses, his holdings in Citigroup now comprise for about $1 billion. His investments in Citibank earned him the title of Saudi Warren Buffett.

Although his stake in Citibank once accounted for approximately half of his wealth, by January 2009 . At the end of 1990 he bought 4.9% of Citicorp’s existing common shares for $207m ($12.46 per share)—the most that he could without being legally obliged to declare his interest. In February 1991, as American troops stationed in Saudi Arabia were preparing for war with Iraq, the prince spent $590m buying new preferred shares, convertible into common shares at $16 each. This amounted to a further 10% of Citicorp and took his stake to 14.9%.[3] In January 2008, the Prince participated—together with the Singapore government investment corporation and other investors—in a $12.5 Billion capital raise, in an unsuccessful effort to shore up Citi's capital position, but the value of these shares continued to plunge.[4]

Later, he also made large investments in AOL, Apple Inc., MCI Inc.Motorola, News Corporation Ltd and other technology and media companies.[2]

His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York. He sold half of his shares in the latter in August 2004. He has made investments in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel. He currently holds a 10% stake in Euro Disney SCA, the organization which manages and maintains the Disneyland Resort Paris in Marne-la-Vallee, France.[5]

In January 2005, Al-Waleed purchased the Savoy Hotel in London for an estimated GBP £250 million, to be managed by Fairmont Hotels, in which Al-Waleed owns an estimated 16% stake. In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holding acquired Toronto, CA-based Fairmont Hotels for an estimated $3.9 billion.

As of 2008, there are plans for the $10 billion construction of the Tallest Building in the World (Arabic for "the Tower of One Mile"), a supertall skyscraper to be the tallest in the world, at one mile (1609 m) in height.

Charitable activities

Much of the charitable activities of Al-Waleed are in the field of educational initiatives to bridge gaps between Western and Islamic communities by funding centers of American studies and research in universities in the Middle East and centers of Islamic studies in western universities

In 2002, Al-Waleed donated 18.5 million British pounds to the families of Palestinian suicide bombers during a Saudi TV telethon.[6]

Honorary Degrees & Academic Awards

B. Sc. in Business Administration, magna cum laude, Menlo College, California, 1979

M.A. in Social Science with honors, Syracuse University, 1985

1 -Doctorate of Humane Letters, honoris causa, University of New Haven, 1992

2 -Doctorate in Business Management, Kyungwon University in Seoul, Korea, 1998

3 - Doctorate in Law, Syracuse University, 1999

4 - Doctorate in Law, Exeter University, 2002

5 - Doctorate in Law, American University in Cairo, 2002

6 - Doctorate in Humanities, AlAqsa University in Gaza, 2004

7 - Doctorate of Letters, honoris causa, University for Development Studies in Ghana, 2004

8 - Honorary Doctorate of Letters, The Islamic University of Uganda, 2005

9 - Honorary Doctorate, The University of the 7th of November at Carthage in Tunis, 2007

10- Honorary Doctorate of Business Administration with Distinction from the International Islamic University in Malaysia, 2007

11- Honorary Doctorate of Laws from the International Centre for Education in Islamic Finance in Malaysia, 2007

12- Honorary Doctorate of Business Administration from the Commission on Higher Education Autonomous Region in Muslim Mindanao & Wisdom International School for Higher Education Studies in Philippines, 2008

13- Honorary Doctorate of Commercial Sciences from The St. John’s University in New York, 2008

14- Honorary Doctorate of Management Science from Brawijaya University in Indonesia, 2008

15- Honorary Doctorate, honoris causa, from Thracian University in Bulgaria, 2009

16- Honorary Doctorate, honoris causa, from Madagascar University in Antananarivo , 2009

17- Honorary Doctorate, honoris causa, from Bangui University in Republic of Central Africa , 2009

◘ Presidential Medal, University of New Haven, 1999

Medals

1997: The Medal of the Presidency of the Italian Republic, awarded to Prince Alwaleed by The Scientific Committee of the Italian Pio Manzù International Research Centre, as a token of recognition of the Prince’s highly successful and thriving career and outstanding business flair and acumen.

1997: The Star Decoration of the First Order; awarded to Prince Alwaleed by the late, King Hussein Bin Talal of Jordan, in recognition of the Prince’s regional and international investments and philanthropy.

1998: The National Cedar Decoration of the Commander Order; awarded to Prince Alwaleed by Former Lebanese President Elias Harawi in recognition of the Prince’s economic and social contributions to Lebanon.

1999: The Diplomatic Merit of the Heung Korean; awarded to Prince Alwaleed by President Kim Dae-Jung in recognition of the Prince’s investments in Korea.

2000: The Bethlehem 2000 Medal; awarded to Prince Alwaleed by Palestinian Authority President Yasser Arafat for his continuous support to the Palestinian cause.

2001: Laila Utama Darja Kerabat Seri Utama Yang Amat Dihormati; the most esteemed royal family order, presented by Sultan of Brunei Haji Hassanal Bolkiah to Prince Alwaleed for promoting bilateral relations between Brunei and Saudi Arabia.

2002: King AbdulAziz Medal of the First Order for Distinguished Businessmen; awarded to Prince Alwaleed by Crown Prince Abdullah Bin AbdulAziz on behalf of Custodian of the Two Holy Mosques King Fahd.

2002: The National Cedar Medal, Order of the Grand Officer; awarded to Prince Alwaleed by Lebanese President Emile Lahoud for the Prince’s contributions and support to Lebanon and the Lebanese economy.

2002: The Medal of the Republic of Tunisia of the Great Order; awarded to Prince Alwaleed by Tunisian President Zein Al Abidine Bin Ali in recognition of the Prince’s efforts in promoting bilateral relations between Saudi Arabia and Tunisia.

2003: The Presidential Medal of Bosnia and Herzegovina; awarded to Prince Alwaleed by the President of Bosnia and Herzegovina Sulejman Tihić in recognition of the Prince’s support of Bosnia and Herzegovina and its people.

2003: The Medal with the rank of “Grand Officer of the National Order of the Lion”; awarded to Prince Alwaleed by the President of Senegal Mr. Abdoulaye Wade in recognition of the Prince’s efforts in promoting bilateral relations between Saudi Arabia and Senegal.

2003: The Medal with the rank of “Commander of the National Order of Merit of the Republic of Guinea”; awarded to Prince Alwaleed Bin Talal by the President of Guinea Mr. Lansana Conte in recognition of the Prince’s efforts in promoting bilateral relations.

2003: The Medal with the rank of “Grand Officer of the Order of Mono”; awarded to Prince Alwaleed by the President of Togo Mr. Gnassingbe Eyadema in recognition of the Prince’s efforts in promoting bilateral relations.

2003: The Medal with the rank of “Commander of the National Order”; awarded to Prince Alwaleed by the President of Burkina Faso Mr. Blaise Compaore in recognition of the Prince’s efforts in promoting bilateral relations.

2003: The Medal with the title order to the civil merits of “Grand Cross of the Order of the Independence of Equatorial Guinea”; awarded to Prince Alwaleed by the President of Equatorial Guinea Mr. Teodoro Obiang Nguema Mbasogo in recognition of the Prince’s efforts in promoting bilateral relations.

2003: The Medal with the rank of "The Officer in The Order of Oranje-Nassau"; bestowed upon Prince Alwaleed by H. M. Queen Beatrix of the Netherlands for the Prince’s distinguished role in promoting Dutch-Saudi economic relations.

2003: The November 7th Medal; awarded to Prince Alwaleed by Tunisian President Zein Al Abidine Bin Ali in recognition of the Prince’s humanitarian efforts in Tunisia and around the world.

2004: The Medal with the rank of "Commander of the Order of the Star of Anjouan"; bestowed up on Prince Alwaleed by the President of the Union of the Comoros, Azali Assoumani.

2004: The Medal with the rank of "Commander of the Order of the Grand Star of Djibouti"; awarded to Prince Alwaleed by President Ismail Omar Guelleh of Djibouti.

2004:The Presidential Medallion of the Republic of Djibouti; Awarded to Prince Alwaleed by the President of Djibouti.

2004:The Medallion of the 20th Anniversary of the Independence of the Republic of Djibouti; awarded to Prince Alwaleed by the President of Djibouti.

2004: The Medal of "The Grand Cross of the National Order Of Merit"; bestowed upon Prince Alwaleed by the President of Gabon Col. Omar Bongo.

2004: The Medal with the rank of "Dignity of Grand Officer of the National Order of the Republic of Chad"; bestowed upon Prince Alwaleed by the president of Chad Idriss Deby.

2005: The medal of "The Insignia of Grand Officer; bestowed upon Prince Alwaleed by the President of Gambia, Dr. Yahya A. J. Jammah.

2005: The medal with the rank of "The Commander of the National Order; awarded to Prince Alwaleed by the President of Mali, Amadou Toure.

2005: The medal of "The Star of Africa" with the Grade of Grand Band; awarded to Prince Alwaleed by the President of Liberia, President Gyude Bryant.

2005: The medal with the rank of “Grand Officer of the National Order; awarded by Benin President Mathieu Kerekou.

2005: The medal of "The Order of the Golden Heart of Kenya; bestowed upon Prince Alwaleed by Kenyan President, Mwai Kibaki.

2006: The medal of “Legion of Honor with the rank of Commander; bestowed upon Prince Alwaleed by the French President Jacques Chirac. The medal is France’s highest civilian honor.

2006: The Umayyah National Medal; bestowed upon Prince Alwaleed by the Syrian President Bashar Al-Asaad. The medal is the country’s highest civilian honor.

2006: The Hilal-i-Pakistan Medal; bestowed upon Prince Alwaleed by the Pakistani President General Pervez Musharraf. The medal is the country’s highest civilian honor.

2006: The Companion of the Order of the Volta Medal; bestowed upon Prince Alwaleed by the President of Ghana John Agyekum Kufuor.

2006: The Commander of the National Order of the Grand Cross Star Medal; bestowed upon Prince Alwaleed by the President of Cote D'Ivoire/Ivory Coast Laurent Gbagbo.

2006: The Order of the Merit of Niger Medal; bestowed upon Prince Alwaleed by the President of the Niger Mamadou Tandja.

2006: The Grand Commander of the Order of the Pearl of Africa Medal; bestowed upon Prince Alwaleed by the President of Uganda Yower Museveni.

2006: The National Medal of Merit for Cooperative Development; bestowed upon Prince Alwaleed by the President of Guinea-Bissau João Bernardo Vieira.

2007: The Order of the Golden Heart With the Rank of Grand Officer; bestowed upon Prince Alwaleed by H.E President of the Philippines Mrs. Gloria Macapagal-Arroyo.

2007: The Medal of Major Patron of the Arts; bestowed upon Prince Alwaleed by the French Minister of Culture and Communication HE Mrs. Christine Albanel.

2007: The Order of the Brilliant Star with Grand Cordon Medal; bestowed upon Prince Alwaleed by the President of the Republic of China (Taiwan) HE Mr. Chen Shui-bian. The medal is the country’s highest civilian honor.

2008: The Pontifical Medal; bestowed by Pope Benedict XVI during a ceremony held at the Vatican to H.E. Ms. Leila El Solh, Vice Chairman of Alwaleed Bin Talal Humanitarian Foundation in Beirut.

2008: The Genghis Khan Medal; bestowed upon Prince Alwaleed by President of Mongolia Nambaryn Enkhbayar.

2008: The Maronite General Council has granted HRH Prince Alwaleed the "Golden Order of the Maronite General Council” for his distinctive contributions to the Council and to Lebanon.

2008: The "Residential Coat of Arms, the Highest Honor granted by the State of Eritrea, was bestowed by the Eritrean President Isaias Afwerki upon HRH Prince Alwaleed.

2009: The unification medal; awarded to Prince Alwaleed by Yemeni President Ali Abdullah Saleh in recognition of the Prince’s efforts in investment and philanthropy .

2009: “The MADARA Horseman” Medal; the Highest Honor granted by the State of Bulgaria, was bestowed by the Bulgarian President GEPRGI PARVANOV upon HRH Prince Alwaleed.

2009:”The Grand-Croix National Malgache Medal” which is the ordre National in Madagascar bestowed upon Prince Alwaleed by the President of the Republic of Madagascar Andry Rajoelina.

2009:”The Grand-Croix National Medal” bestowed upon Prince Alwaleed by the President of the Republic of Central Africa François boziz .

2009:”The President of France Medal” bestowed upon Prince Alwaleed by the President of the Republic of France NICOLAS SARKOZY .

Honorary Citizenships

1998: The Gold Medal of the City of Cannes, presented to Prince Alwaleed by the Mayor of Cannes in France, Maurice Delauney, as an acknowledgment by the city of the Prince’s annual summer visits.

2002: Honorary Citizen of Cannes, awarded to Prince Alwaleed by Mayor Bernard Brochand.

2003: The Diploma with the rank of "Citizen of Honor of the City of Dakar," awarded to Prince Alwaleed by the Mayor of Dakar Mr. Pape Diop along with the key to the city.

2003: The Diploma with the rank of "Citizen of Honor of the City of Dubreka," awarded to Prince Alwaleed by the President of Guinea Mr. Lansana Conte.

2003: The Diploma with the rank of “Citizen of Honor of the Kingdom of Ashanti,” awarded to Prince Alwaleed by the King of the Ashanti Tribe Otumfuo Osei Tutu II during the Prince’s visit to the Kingdom of Ashanti in Ghana.

2004: An "Honorary Citizen of the City-Province of Kinshasa," awarded to Prince Alwaleed by the Governor of Kinshasa.

2004: The "Honorary Key to the Golden Gate of the City of Kinshasa," presented to Prince Alwaleed by the Governor of Kinshasa.

2004: An "Honorary Citizen of the Banjul City-The Gambia," awarded to Prince Alwaleed by the Mayor of the Gambian Capital, Banjul.

2004: The "Key to the Golden Gate of the City of Banjul," presented to Prince Alwaleed by the Mayor of Banjul.

2005: An "Honorary Citizenship and Key to the City of Praia," presented to Prince Alwaleed by the Mayor of Praia, capital of Cape Verde.

2005: An "Honorary Citizenship and Key to the City of Abidjan," presented to Prince Alwaleed by the Governor of Abidjan, Cote D'ivoire.

2005: An "Honorary Citizenship of Guinea-Bissau," presented to Prince Alwaleed by Guinea-Bissau Minister of Foreign Affairs, Soares Sambu.

2006: The "Key to the City of Monrovia," presented to Prince Alwaleed by the Mayoress of the capital of Liberia Hon. Mrs. Ophelia Hoff Saytumah.

2006: An "Honorary Freeman and the Key to the City of Lusaka," presented by the Mayor of Lusaka Mike Elton Mposha, Zambia.

2006: An "Honorable Residency and the golden Key to the City of Dar Es Salaam," awarded to Prince Alwaleed by Mayor of the city of Dar Es Salaam Adam Kimbisa, Tanzania.

2006: An "Honorary Citizenship and the Key to the City of Bamako," presented to Prince Alwaleed by the Mayor of Bamako Moussa Badoulaye Traore, Mali.

2006: An "Honorary Citizenship and the Key to the City of Ouagadougou," presented to Prince Alwaleed by the Mayor of Ouagadougou Simon Compaore, Burkina Faso.

2009: “Key to the City of Sana’a “presented to Prince Alwaleed by Secretary General of Sana’a Local Council.

2009: An "Honorary Citizenship and the Key to the City of City of KAZANLAK," presented to Prince Alwaleed by the Mayor of KAZANLAK MR. STEFAN DAMYANOV,Bulgaria

Assets

Kingdom 5KR

Al-Waleed now owns the yacht Kingdom 5KR, which has a helicopter on board. she is an 85.9-meter (282-foot) yacht, originally built as the "Nabila" for Saudi billionaire, Adnan Khashoggi. She subsequently posed as the Flying Saucer, the yacht of James Bond villain Largo in the film Never Say Never Again. The yacht was later sold to Donald Trump, who renamed her Trump Princess. Al-Waleed bought the yacht after Trump's second bankruptcy.[7]


He has ordered a new yacht currently known as the New Kingdom 5KR which will be about 173 meters (557 feet) long and will cost $500+ million. The yacht is rendered by Lindsay Designs and is expected to be delivered in late 2010.[8]


Alwaleed owns several aircraft, all converted for private use: a Boeing 747, an Airbus 321 and an Hawker Siddeley 125. Also on order is an Airbus 380, the world's largest passenger aircraft, which is scheduled for delivery in 2010.[9][10] This has been noted in the 2009 Guiness World Records as the largest private jet in the world.


Among his many assets are: a 95% stake in Kingdom Holding Company; 100% ownership of Rotana Video & Audio Visual Company; 90% ownership of Lebanese Broadcasting Center ( LBCSAT ); less than 1% of Citigroup; 17% if Al Nahar and 25% of Al Diyar, two daily newspapers published in Lebanon.

Al-Waleed and his wife live in a $300 million sand-colored palace whose 317 rooms are adorned with 1,500 tons of Italian marble, silk oriental carpets, gold-plated faucets and 250 TV sets. It has four kitchens, for Arabic, Continental and Asian cuisines, and a fifth just for dishing up desserts, run by chefs who can feed 2,000 people on an hour's notice. Their royal highnesses can swim in a lagoon-shaped pool, or catch a film in the 45-seat basement cinema.[11]

Prince Alwaleed tops first Saudi Rich List 2009 with a fortune of $16.3bn. HRH holds a 95 percent stake, although it has been a tough 2009 for the Prince, as his investments across the globe have been hit hard by the global economic crisis.[12]

See also

References

  1. ^ "Your chance to quiz Prince Alwaleed". Arabian Business.
  2. ^ a b http://www.zawya.com/cm/profile.cfm/cid120673
  3. ^ "'The mystery of the world's second-richest businessman'".
  4. ^ http://www.forbes.com/lists/2008/10/billionaires08_Prince-Alwaleed-Bin-Talal-Alsaud_0RD0.html
  5. ^ Disneyland Resort Paris, Annual review 2007, p. 53
  6. ^ "The Blood Donors" The Times (London) April 23, 2002, Tuesday BYLINE: Scott Parkes and Nick Day SECTION: Features
  7. ^ http://yachts.monacoeye.com/yachtsbysize/pages/kingdom5kr02.html Prince Al-Waleed's yacht
  8. ^ Agent4Stars.com - Project New Kingdom 5KR
  9. ^ Airbus and Boeing win giant order BBC news - 12 November, 2007
  10. ^ "Airbus A380 gets first VIP client". Flight Global.com. 12 November 2007. {{cite news}}: Check date values in: |date= (help)
  11. ^ The Prince And The Portfolio - Time
  12. ^ "Prince Alwaleed tops first Saudi Rich List". Arabian Business. 2009-08-30. Retrieved 2009-08-30. {{cite web}}: Check date values in: |date= (help); Italic or bold markup not allowed in: |publisher= (help)

Kingdom Holding company.Head office

Further reading

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