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Latest News

Prince al Waleed

A member of the Saudi royal family, Prince al Waleed is one of the most influential people in the world. But through a series of unfortunate connections, the man is linked with a washed-out former child star.

November 6, 2008 7:10 by

Introduction

With a net worth estimated at $29.5 billion he is the world’s richest Arab. Vanity Fair magazine listed al Waleed, chairman of Kingdom Holding Company in its “Top 100 Most Influential People in the World” 2008 list that was featured in the magazine’s October issue. His Kingdom Holding Company is said to have interests in Apple, Citicorp, Four Seasons hotels, Euro Disney, Fairmont Hotels, Motorola, NewsCorp and AOL.
“If I’m going to do something, I do it spectacularly or I don’t do it at all,” is one of his better quotes.
A serial giver to charity (in 2005 he dropped $20m on the Louvre, and $5m on Kashmir earthquake relief), he donated $500,000 to the George Herbert Walker Bush Scholarship Fund, established by the Phillips Academy to honor former President George H. W. Bush. More recently, in his capacity as chairman of the Kingdom Foundation, he donated $235,282 to Oxfam’s project to Increase Market Access for Women in Senegal.
Like Bush Sr, al Waleed is linked ith Carlyle Group, the private equity powerhouse and described as “one of the most powerful, well-connected, and secretive companies in the world”. Carlyle has strong ties to the Bush family: in 1991, a Carlyle acquisition, Texas-based airline food caterer Caterair International, appointed to the board…

 
 

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