Prince Alwaleed bin Talal the well known and prominent Saudi billionaire has been arrested along with 10 other Saudi princes.
Considering that prince Alwaeled is a not only one of the worlds richest men, he is also a major investor in companies like News Corp, Citigroup, Twitter, and Apple, this could send severe shock waves through the worlds financial markets.
DUBAI (Reuters) – The detention of Saudi Arabia’s Prince Alwaleed bin Talal, known for his big bets on Citigroup (C.N) and other top Western companies, could have an impact on billions of dollars of investments around the world.
The prince owns a 95% stake in Kigndom Hodlings, his holding company used for his global investments.
According to Forbes his net worth is approximately $17.2 B
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