Al-Waleed Arab Stay Richest
Portfolio March 16th, 2010
Saudi Arabian Prince Al-Waleed bin Talal bin Abdulaziz Al-Saud (54), ranked first in the Arab richest person with wealth this year reached $ 18 billion (approximately Rp170, 5 trillion).
Arabian Business, the business journal Uni Arab Emirates (UAE), released the Arabian Business Rich List. Was mentioned in this release, Prince Al-Waleed who led the company Kingdom Holding Company (KHC) was ranked first in the last six years in a row. Previously, the economic magazine Forbes earlier this year put Prince Al-Waleed on the order of the 22 richest people in the world. As quoted in Arabian Business, despite the global economic crisis, Al-Waleed was still able to increase the wealth of one billion U.S. dollars.
Mentioned, the value of KHC corporate income declined slightly compared to the same period the previous year but up deposits and some assets other Al-Waleed is significantly increased. According to the report, the wealth of Prince Al-Waleed also includes a number of companies outside the KHC which last year recorded profits USD560 million. In addition, property income recorded $ 3, 18 billion and some other assets obtained USD1, 7 billion. Arabian Business reports, Prince Al-Waleed has transportation assets worth 822 million dollars, including the world’s first private aircraft, superjumbo A380, nicknamed “Flying Palace”.
Wealth Prince Al-Waleed also includes a collection of diamonds, investment in sea ports of France, and the planting of investment in some countries. The journal was mentioned, the amount of wealth that has confirmed the prince’s private office in Riyad. Time magazine dubbed the prince’s birth in 1955 Riyad as “Arab Warren Buffett”. Warren Edward Buffett was listed as the richest American. Meanwhile, the second ranking person in the Arab richest is Sheikh Mohammed bin Issa Al Jabber which is a citizen of Saudi Arabia which has travel and tourism businesses.
Then Maan Al Sanea, owner Saad family business groups, not in order of richest people because entangled bond debt earlier this year. The position of Al Sanea replaced retailers from Kuwait, Nasser Al-Kharafi, who is ranked third richest man in Arabic with a wealth reaches USD9, 4 billion. Country of origin followed by the Saudi businessman, Mohammed Al Amoudi, with a net worth $ 8, 8 billion in the fourth position. Who was Al-Waleed? Riyad-born man who is the son of the founder of the Kingdom of Saudi Arabia Abdulaziz Al-Saud and the Queen Mona el-Solhn. Al-Waleed was known as the Kingdom of Saudi leaders far from the hurly-burly of political power Saudi Arabia.
He did not rely on the influence of power in business development. Many who value wealth was far from the touch of power. Amazingly, Al Waleed also often critique the traditional authority of Saudi Arabia to reform the political joints countries. The change was so fundamental, said Al Waleed, because the political elements of Saudi Arabia quite fragile and the reluctance to change. In the economic field, Al-Waleed criticize the government-owned oil company of Saudi Arabia, Saudi Aramco. Al-Waleed was also criticized the economic foundation of Saudi Arabia for more depend on natural resources.
Prince Al-Waleed was mentioned as a “bridge” between the Muslim world with the western world through the spread of investment in various parts of the world. Prince Al-Waleed is not only pro-American, but he also pro-Israel. Al-Waleed began investing since graduating Menlo College in California in 1979. Early on he had to borrow money from the Saudi American Bank for USD300.000 and began building his business Citicorp.
Menggurita more business to acquire several companies, including AOL, Apple Computer Inc., Worldcom, Motorola Inc., News Corporation.
