The Emir of Qatar
Check out the colorful network of Emir Hamad bin Khalifa al-Thani, whose influence runs the gamut from British royalty, to billionaire magnates, to hard working communists.
June 10, 2010 5:42 by shafeer
Occupying the19th spot on this year’s Forbes Rich List, Prince Alwaleed bin Talal is Saudi Arabia’s richest man. The billionaire oil tycoon is a conglomerate unto himself. He is reportedly the fourth largest investor in Fox News – a company not known for its support of alternative fuels, observers contend, though he brushes off the implication, saying he’s not against alternative energy, just being practical.
The grandson of Lebanon’s first prime minister and nephew to Saudi King Abdullah, Alwaleed is also the head man and 95 percent owner of Kingdom Holding. Earlier this year, in an $847 billion transaction, affiliates of Qatar’s sovereign wealth fund bought a 40 percent stake in hotelier Fairmont Raffles Holdings International from Kingdom Holding. Later in the week, the prince and the emir had dinner together and the prince praised the “strategic alliance” represented by the deal. A very strategic alliance indeed.