Alwaleed bin Talal - Fortune - Billionaire list

Alwaleed bin Talal
Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, born in 1955 and usually known as Prince Alwaleed, is a member of the Saudi royal family who has amassed an independent fortune through investments in shares and property.

Born in Riyadh, Prince Alwaleed studied in the USA at Menlo College and Syracuse University. He is married with two children. He is the nephew of King Fahd of Saudi Arabia but has stayed outside of the core of political power in Saudi Arabia, instead building a large international financial business. He is calculated to be one of the world's richest billionaires, worth $23.7 billion (according to Forbes magazine) independently of any claim on the Saud family wealth. His investments are organized through his Kingdom Holding Company.

Fortune
$23.7 billion as of 2005.

How Alwaleed bin Talal got Rich
Prince Alwaleed's activities as an investor came to prominence when he bought a large tranche of shares in Citicorp in the 1990s when that firm was in difficulties. He has also made large investments in AOL, Apple Computer, Motorola, News Corporation Ltd and other technology and media companies.

His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York.

In August 2004 he sold a large part of his 50% stake in the Plaza Hotel in New York.