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Saudi businessman Prince Alwaleed Bin Talal Alsaud commands global investments, major holdings, philanthropy, and a luxurious lifestyle/Image: X
Prince Alwaleed Bin Talal Alsaud is more than a royal figure. With a keen eye for investment and a history of bold business moves, he has built a global empire that spans finance, technology, hotels, and media.
Beyond his business acumen, he is also a committed philanthropist, supporting education, humanitarian causes, and global cultural initiatives. From high profile acquisitions to strategic stakes in some of the world’s biggest companies, his story is a fascinating journey of ambition, risk, and influenceHis net worth is currently estimated at $17 billion, making him the richest individual in Saudi Arabia.His holdings include an astonishing array of properties, media networks, and shares in global tech giants, alongside his 95 percent stake in Kingdom Holding Company.
His residences, including a 420 room palace and the top three floors of Kingdom Tower, are valued at over $4.5 billion.
Investments and business empire of Prince Alwaleed
Alwaleed has invested across diverse industries, cementing his position as a global business magnate. He is the founder, CEO, and majority owner of Kingdom Holding Company, a Forbes Global 2000 firm with interests in banking, media, entertainment, retail, aviation, technology, and real estate.
Some of his most notable investments include:
- Hotels: Ownership of Paris’ Four Seasons Hotel George V, the Plaza Hotel, Savoy Hotel in London, Monte Carlo Grand Hotel, and controlling stakes in Fairmont Hotels and Resorts.
- Retail: A 10 percent stake in Saks Fifth Avenue for $100 million, which helped bring the brand to Riyadh.
- Finance: Acquisitions and stakes in banks, including United Saudi Commercial Bank (later United Saudi Bank), and major investments in Citigroup.
- Technology and Media: Early investments in Apple (5 percent in 1997), Motorola, Netscape, Fox Broadcasting, News Corporation, Priceline.com, Twitter ($300 million in 2015), Snap, and Elon Musk’s xAI.
- Other Assets: His media holdings include an 80.5 percent stake in Rotana, valued over $1 billion. Kingdom Holding also manages real estate, private equity, and other luxury assets.
In 2022, Alwaleed sold a 16.9 percent stake in Kingdom Holding to the Saudi Public Investment Fund for $1.6 billion, reflecting ongoing strategic portfolio adjustments.
Prince Alwaleed Bin Talal Alsaud rides horseback gracefully across vast desert dunes/Image: X
Philanthropy and global influence of Alwaleed Bin Talal
Beyond business, Alwaleed has made philanthropy a central part of his legacy. Over the years, he has donated large sums to humanitarian, educational, and cultural causes, reflecting his belief in using wealth to create a wider impact.Key initiatives include:
- Support for Palestine: $10 million to the Palestinian Investment and Development Company and $18.5 million to families affected by the Israeli-Palestinian conflict.
- Education: $20 million to Georgetown University for the Prince Alwaleed bin Talal Center for Muslim-Christian Understanding, £16 million to Edinburgh University, and contributions to Harvard and Cambridge Islamic Studies centers.
- Future Commitments: In 2015, he pledged $32 billion toward disaster relief, women’s empowerment, disease eradication, and other global initiatives.
Some of his philanthropic efforts have sparked debate, such as his attempted $10 million donation to New York City after 9/11, which was returned due to his comments on U.S. policy toward Palestine.
Prince Alwaleed Bin Talal with Bill Gates/Image: X
Early life of Saudi Prince
Born on March 7, 1955, Alwaleed is a nephew of the late King Abdullah and grandson of both Saudi Arabia’s first king, Ibn Saud, and Lebanon’s first prime minister, Riad Al Solh. His father, Prince Talal bin Abdul Aziz, was exiled for advocating political reform, and his mother, Mona Al Solh, raised him in Lebanon after their separation.He studied in Lebanon, Saudi Arabia, and the United States, earning a bachelor’s degree in business administration from Menlo College in 1979 and a master’s in social science from Syracuse University in 1985.Alwaleed began his business career in 1980 with Kingdom Establishment, funded by his father and a $300,000 bank loan. His first success came in 1982 through a partnership with a South Korean construction firm, which provided capital to start investing in real estate and stocks. By 1989, he had become a billionaire through stakes in Canary Wharf, the Four Seasons Hotel Group, and other high profile assets.
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