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Wednesday, October 18, 2006

Top 10 Richest people in the world 8

#8 Prince Alwaleed Bin Talal Alsaud

Age: 49
Fortune: self made
Source: Investments

Net Worth: 20.0

Country Of Citizenship: Saudi Arabia
Residence: Riyadh, Saudi Arabia, Middle East & Africa
Industry: Investments
Marital Status: divorced, 2 children

Menlo College, Bachelor of Arts / Science
Syracuse University, Master of Science

This nephew of the Saudi king is one of the world's wealthiest investors, with a big stake in Citigroup. Received much publicity–some of it negative–in December 2005 for the $20 million gifts he made to Harvard and Georgetown to expand their Islamic studies departments. In January 2006, with a partner, announced a $3.9 billion deal to buy Fairmont Hotel & Resorts. In February listed his hotel holdings on the Dubai stock exchange. Planning to take his main investment group, Kingdom Holdings, public on the Saudi exchange later this year.

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