Saudi Prince Alwaleed Worth $17 billion in 2008

By Hercules K, BUSINESS 2.0 PRESS
Published: December 14 2008, 3:30 pm EST

Dubai based Arabian Business Magazine is reporting Saudi Prince Alwaleed bin Talal has lost $4 billion in 2008 mainly as a result of the global financial crisis. Arabian Business says the Prince is now worth $17.08 billion, down from $21 billion the year before. Prince Alwaleed recently upped his stake in Citigroup to 5% from 4% Prince Alwaleed also recently bought a $330 million Airbus A380 superjumbo for his personal use and still has his 124 acre personal resort.

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Questions about this post? Please contact Hercules K at hercules@business2press.com

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