Billionaire Venture Capitalist Saudi Prince Arrested

Saudi Arabian Prince Alwaleed bin Talal, the prominent billionaire investor, has been arrested. He is one of the richest and most influential investors in the world. He has big investments in Twitter, Lyft and Citigroup. He has gone into business with Bill Gates, Rupert Murdoch and Michael Bloomberg.

Prince Alwaleed made early bets on some of the technology world’s biggest stars, also including Snap, riding a boom that catapulted many young entrepreneurs to top the rich lists, and earned him handsome returns. Prince Alwaleed also made an early bet on JD.com, a Chinese online retailer, anticipating that country’s emergence as a vast e-commerce market.

Alwaleed has a net worth of about $18 billion.

At least 10 other princes, four ministers and dozens of former ministers were arrested. King Salman, decreed the creation of a powerful new anticorruption committee, led by his favorite son and top adviser, Crown Prince Mohammed bin Salman.

Alwaleed (Kingdom Holding) Investments

Financial Services

– Banque Saudi Fransi 1050.SE (16.19 percent)
– Citigroup (C.N)

Technology

– Apple (AAPL.O)
– Careem
– Lyft
– Motorola (MSI.N)
– Twitter (TWTR.N)

Retail

– eBay (EBAY.O)
– Fashion Village Trading Company
– Jingdong
– Saks Incorporated
– Savola 2050.SE

Publishing

– Time Warner (TWX.N)
– Twenty-First Century Fox (FOXA.O)

Entertainment
– Euro Disney

Petrochemicals

– National Industrialisation Company 2060.SE (6.23 percent)

Hotels and management

– Four Seasons, George V Hotel, Paris
– The Plaza, New York
– Savoy Hotel, London
– Fairmont Raffles Holding International
– Four Seasons Hotels and Resorts
– IFA Hotels and Resorts (IFAH.KW)
– Kingdom Hotel Investments
– Mövenpick Hotels and Resorts

Real Estate

– Ballast Nedam
– Canary Wharf (Songbird Estates)
– Jeddah Economic Company
– Kingdom Centre
– Kingdom City
– Kingdom Riyadh Land

Other

– Parent company of Flynas (34.08 percent)
– Kingdom Schools
– Medical Services Projects Company
– Kingdom Africa Management

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