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
You may be interested
These are the Biden Executive Orders Investors Need to Know AboutLamont J - January 22, 2021
Investors were positive about Joe Biden leading up to his inauguration, and the markets have remained strong since he was…
200 Million Netflix Subscribers Could Boost StockAdam R - January 21, 2021
Streaming company Netflix Inc. (NASDAQ: NFLX) has improved its position as one of the most powerful companies in the entertainment…