Alwaleed bin Talal Net Worth is $17 Billion USD and earns an annual income of $1 Billion dollars. Alwaleed bin Talal is a Saudi businessman, investor and philanthropist and a member of the Saudi royal family. Alwaleed bin Talal recently bought a brand new Jaguar luxury car for $300,000 USD. The Net Worth of Alwaleed bin Talal has seen a hike of 40% over the past few years. While calculating Alwaleed bin Talal Net Worth we have included the data updated as of this Quarter. Check out the Exclusive information on Alwaleed bin Talal Net Worth details such as Yearly Income, House, Car Collection, Investments etc.
Alwaleed bin Talal Net Worth and Income Details
|Alwaleed bin Talal Net Worth||$17 Billion USD|
|Annual Income||$1 Billion USD|
|Luxury Cars – 12||$4 million USD|
|Houses – 5||$260 million USD|
Alwaleed bin Talal Cars
The Car collection of Alwaleed bin Talal is Quite Large. Alwaleed bin Talal owns few of the best luxury cars in the world. The Car brands owned by Alwaleed bin Talal include Porsche, Aston Martin, Range Rover and Jaguar.
Alwaleed bin Talal Biography
Al-Waleed was born in Jeddah in March 1955 to Prince Talal and Mona Al Solh, daughter of Riad Al Solh (Lebanon’s first prime minister). Alwaleed bin Talal father was Saudi Arabia’s finance minister during the early 1960s, before he went into exile due to his advocacy for political reform.
Alwaleed bin Talal’s grandmother was an Armenian, Munaiyir, whose family escaped the Armenian Genocide. She was presented by the emir of Unayza to Ibn Saud in 1921, when she was 12 years old and Ibn Saud was 45.
Alwaleed bin Talal’s parents separated when he was seven, and he lived with his mother in Lebanon. As a boy, he ran away from home for a day or two at a time (sleeping in unlocked cars) before attending military school in Riyadh.
Alwaleed bin Talal received a bachelor’s degree in business administration from Menlo College in California in 1979, and a master’s degree with honors in social science from Syracuse University in 1985.
Alwaleed bin Talal began his business career in 1979 after graduating from Menlo College. He returned to Saudi Arabia, which was in the midst of the 1974–85 oil boom. Operating from a small, pre-fabricated office in Riyadh, Alwaleed bin Talal was successful in construction contracts and real estate. He was first profiled by Forbes in 1988.
After the end of the Saudi oil boom, Alwaleed bin Talal acquired the underperforming United Saudi Commercial Bank. Through mergers with Saudi Cairo Bank and the Saudi American Bank, it became a leading Middle Eastern bank.
Alwaleed bin Talal Wiki
Alwaleed bin Talal bought a substantial tranche of shares in Citicorp in 1991, when the company was in crisis. From an initial investment of $550 million ($2.98 per share after adjustments for stock splits, acquisitions and spin-offs, according to Bloomberg calculations) to bail out Citibank’s underperforming American real-estate and Latin American business-loan portfolios, his holdings in Citigroup grew to about $1 billion.
Alwaleed bin Talal real-estate holdings included large stakes in the Four Seasons Hotels and Resorts and New York’s Plaza Hotel; al-Waleed sold half his shares in the latter in August 2004.
Alwaleed bin Talal has invested in London’s Savoy Hotel and Monaco’s Monte Carlo Grand Hotel. Alwaleed bin Talal holds a ten-percent stake in Euro Disney SCA, the company which owns, manages and maintains Disneyland Paris in Marne-la-Vallée.
According to research by the Dutch Fiscale inlichtingen- en opsporingsdienst, Prince Al-Waleed bin Talal received a bribery of approximate 400 million dollars from the Dutch building company Ballast Nedam.
In 2015, Alwaleed bin Talal was criticised for offering to buy Bentley cars for Saudi fighter pilots involved in the Saudi Arabian-led intervention in Yemen. In a tweet later deleted, he said: “In appreciation of their role in this operation, I’m honoured to offer 100 Bentley cars to the 100 Saudi [fighter] pilots”.
Alwaleed bin Talal Bio
Alwaleed bin Talal is considered a proponent of female emancipation in the Saudi world. He financed the training of Hanadi Zakaria al-Hindi as the first Saudi woman commercial airline pilot, and said at her graduation that he is “in full support of Saudi ladies working in all fields”. Al-Hindi became certified to fly within Saudi Arabia in 2014.
Alwaleed bin Talal ordered a yacht known as the New Kingdom 5KR, about 173 meters (567 ft) long with an estimated cost of over $500 million. The yacht is designed by Lindsey Design, and its design was delivered in late 2010. However, there has been no recent news regarding the yacht.
Alwaleed bin Talal’s first wife was his cousin, Dalal bint Saud, a daughter of King Saud. They have two children (Prince Khaled, born 1978 and Princess Reem, born 1982), and later divorced.
Alwaleed bin Talal third wife was Ameera al-Taweel; after about six years of marriage, they divorced in 2014. In an interview, he said: “Yes, I announce it through Okaz-Saudi Gazette for the first time. I have officially separated from Princess Ameera Al-Taweel, but she remains a person that I have all respect for.”
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Alwaleed bin Talal Net Worth Growth Estimate
The Net Worth and Income of Alwaleed bin Talal is expected to continue to grow at a Strong pace. Over the next few years, Alwaleed bin Talal’s Net worth is likely to grow by around 45%.