Alwaleed Bin Talal Bin Abdulaziz Al Saud

Al Waleed bin Talal was born in Jeddah on 7 March 1955 to Prince Talal bin Abdulaziz and Mona El Solh. His father was Saudi Arabia's finance minister during the early 1960s, before he went into exile due to his advocacy for political reform. Al Waleed's paternal grandparents were King Abdulaziz and Munaiyir. His grandmother, an Armenian, was presented by the emir of Unayzah to King Abdulaziz in 1921, when she was 12 years old and Abdulaziz was 45. His maternal grandparents were Riad Al Solh, the first prime minister of Lebanon, and Fayza Al Jabiri, the sister of Syrian Prime Minister Saadallah al-Jabiri.

Al Waleed's parents separated when he was seven, and he lived with his mother in Lebanon. He first attended Pinewood College in Beirut. As a boy, he ran away from home for a day or two at a time, sleeping in unlocked cars, before attending the King Abdulaziz Military Academy in Riyadh. In 1974, he returned to Lebanon, attending the Choueifat School and then Manor School. Al Waleed received a bachelor's degree in business administration from Menlo College in California in 1979, finishing in two-and-a-half years, and a master's degree with honors in social science from the Maxwell School of Citizenship and Public Affairs at Syracuse University in 1985, finishing in eleven months.

Al Waleed 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, four-room cabin in Riyadh and $30,000 start-up money provided by his father, Al Waleed formed Kingdom Establishment in 1980. When that money ran out in a few months, he secured a $300,000 loan from the Saudi American Bank, partly owned by Citibank. Rather than taking a commission for facilitating contracts as the legally required middleman, Al Waleed insisted on a stake in the project. His first success was in 1982, partnering with a South Korean construction company, and from then on, his commissions were used to fund his real estate deals. In his own words, "All the money I used to get from this construction I would plough back into real estate, and in the stock market, both."

After the end of the Saudi oil boom, Al Waleed acquired the underperforming United Saudi Commercial Bank (USCB). Through mergers with Saudi Cairo Bank (SCB), forming United Saudi Bank (USB), and the Saudi American Bank (SAMBA), it became a leading Middle Eastern bank. The hostile takeover of USCB in 1986, the merger with SCB in 1997, and the merger of USB with SAMBA in 1999, were the first of their kind in the Kingdom. He then secured a majority in Al-Azizia Panda, merging it with the Savola Group, and took over National Industrialization Company.

By 1989, his net worth was $1.4 billion, and included stakes in Canary Wharf, Four Seasons Hotel Group, and News Corporation. When Al Waleed turned to the international market, he focused on "established brands going through hard times," as Riz Khan puts it. Al Waleed would do his homework, and then wait for the proper purchase entry point. He invested about $250 million in Chase Manhattan, Citigroup, Manufacturers Hanover, and Chemical Bank. After seven months, he sold his stakes in the other banks and concentrated on investing in Citicorp, acquiring 4.9 percent of the bank. Though the worst performing bank of the four, Al Waleed considered Citicorp had the best potential.

In September 1990, Citibank was undercapitalized due to real estate credit losses and exposure to Latin America debt, prompting a need for a capital reserve. By November, they were actively seeking investors. Based on his banking experience in the Kingdom, Al Waleed agreed in January 1991 to invest $590 million, about half his accumulated wealth, in a five-year convertible security paying 11 percent interest. By Feb., that took his total investment in Citicorp to $797 million, or about 15 percent of the company. Though he had received a Federal Reserve temporary waiver to own such a large portion of the company, Al Waleed sold enough shares in 1993 to get below the 10 percent threshold. Still, he was the largest shareholder in the largest US financial institution at the time. Yet, in Alwaleed's words, "It is not a relationship, it's an alliance. We are there forever with them." Sandy Weill says of Al Waleed, "I think what he did really saved the bank."

In 1993, Al Waleed purchased a 10 percent stake in Saks Fifth Avenue for $100 million. A flagship store was then opened in Riyadh.

In 1994, Al Waleed secured a 50 percent controlling interest in Fairmont, and a 22 percent stake in the Four Seasons. In 1995, he bought a 42 percent stake in the Plaza Hotel, and it was reported that he was working on a music channel for his satellite TV platform.

Then, in 1996, he bought the George V for $185 million, and spent $120 million renovating it for a reopening in Dec 1999. Regarding Al Waleed's investment in the George V, Issy Sharp states, "...he created value where no one else could..."

In the same year, Al Waleed purchased a 24 percent stake in Euro Disney for $345 million.

In 1995, Kingdom Establishment for Trading and Contracting was reorganized as the Kingdom Holding Company, and Al Waleed announced construction of the Kingdom Centre, Kingdom Hospital, Kingdom School and Kingdom City. Also in 1995, he bought a 2.3 percent share of Mediaset after having invested earlier in the Arab Radio and Television Network, acquiring 30 percent. In October 1995, Al Waleed joined a consortium which paid $1.2 billion for control of Canary Wharf, with his share of the company amounting to 6 percent, costing him $66 million.

In March 1997, Al Waleed purchased a 5 percent stake in Apple Inc., making him the largest shareholder. In Nov. 1997, he purchased 1 percent share of Motorola for $287 million and a five percent share of Netscape for $146 million, before its purchase by AOL and merger with Time Warner. In 2001 and 2002, Al Waleed increased his stake in AOL Time Warner by another $540 million. He also invested in MCI, Fox Broadcasting and other technology and media companies.

Time reported in 1997 that Al Waleed owned about five percent of News Corporation, which he purchased for $400 million, making him the third largest shareholder. In April 1999, Al Waleed purchased an additional $200 million of preferred shares. In 2010, his News Corporation stake was about seven percent ($3 billion). Three years later, News Corporation had a $175 million (19-percent) investment in Al Waleed's Rotana Group, the Arab world's largest entertainment company. A review of his holdings implied that Al Waleed had sold his investment in AOL.

In April 1997, Al Waleed purchased a 4 percent stake in Planet Hollywood for $57 million, and another 16 percent in November 1998 for $45 million.

In October 1997, Al Waleed bought 27 percent of Mövenpick Hotels & Resorts, which he increased to 33 percent in 2003.

In 1999, The Economist expressed doubts about the source of his income, wondering if he was a front man for other Saudi investors:

He has not earned enough income from his investments to pay for all that he has spent in the 1990s. The mystery goes back to that first stake in Citicorp. The prince has declared that this money came entirely from his personal funds. He says he started out in 1979 with a loan of just $30,000 from his father. He also mortgaged a house that his father had given him, raising something like $400,000. And each month, as a grandson of Ibn Saud, he receives $15,000. You could barely clothe a Saudi prince for such sums, let alone furnish him with a multi-billion-dollar empire. Nevertheless, by 1991 Prince Alwaleed had felt able to risk an investment of $797m in Citicorp.

Al Waleed invested in WorldCom, Priceline.com, Coca-Cola, and Ford Motor Company, totaling almost $2 billion. In Asia, he bought 5.9 percent of Daewoo for $50 million, which he increased to 18 percent with an additional $100 million investment, 3 percent of PROTON Holdings for $46 million, 3 percent of Ong Beng Seng's Hotel Properties Ltd., and $50 million worth of Hyundai Motor Company bonds. In Africa, he invested $50 million, acquiring 10 percent of Sonatel, 10 percent of Ecobank, 13.7 percent of United Bank for Africa, and 14 percent of CAL Bank. Investments which turned out poorly included WorldCom, Priceline, Teledesic, and KirchMedia, besides Planet Hollywood and Euro Disney.

His stake in Apple was sold in 2005. Al Waleed also invested in Eastman Kodak and TWA, both of which performed moderately well.

In 2002, Al Waleed formed Kingdom Hotel Investments to oversee his hotel assets.

By 2003, Al Waleed owned 100 percent of Rotana, and 49 percent of LBC Sat.

His 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 Plaza in August 2004. He has invested in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel. Al Waleed held a ten-percent stake in Euro Disney S.C.A., the company which owned, managed and maintained Disneyland Paris in Marne-la-Vallée. In 2017, The Walt Disney Company purchased the entirety of Al Waleed's ten-percent stake in efforts to gain the required 95% ownership to trigger a mandatory buy-out which they reached. The Walt Disney Company now owns Disneyland Paris in its entirety.

The 2004 Forbes list of wealthiest people had Al Waleed fourth, with a net worth of $21.5 billion. More than $1.3 billion was in hotel holdings.

In January 2005, Al Waleed purchased the Savoy Hotel in London for an estimated £250 million, to be managed by Fairmont Hotels and Resorts; his sister, Sultana Nurul, owns an estimated 16 percent stake. In January 2006, in partnership with the U.S. real-estate firm Colony NorthStar, Kingdom Holding acquired Toronto-based Fairmont Hotels and Resorts for an estimated $3.9 billion. It was reported in 2009 that Al Waleed owned 35 percent of Research and Marketing Group (SRMG), a large mid-east media company.

In August 2011, Al Waleed announced that his company had contracted with the Saudi Binladin Group to build the world's tallest building, the Kingdom Tower (at a height of at least 1,000 metres (3,300 ft)) for SR 4.6 billion. The original plan—announced in 2008—called it برج الميل (Arabic for "One-Mile Tower"), at a height of 1,609 metres (5,279 ft) and an estimated cost of $20 billion.

In December 2011, Al Waleed invested $300 million in Twitter, purchasing secondary shares from insiders. The purchase gave Kingdom Holding "more than 3% share" in the company, which was valued at $8 billion in late summer 2011.

In 2015, he announced that he would donate his fortune to charity at an unspecified date. He had previously donated $3.5 billion over the course of 35 years through his charitable organization Alwaleed Philanthropies.

From 2015 to 2021, he lost several lawsuits against Pierre El Daher, CEO of LBCI, and would be required to pay $22m, due to breaches in contract conditions with the Lebanese broadcaster.

In May 2022, he was listed as committing to purchase approximately 35 million shares of Twitter Inc. at or immediately prior to the purchase of Twitter by Elon Musk and other private-equity investors behind Musk's bid. In July 2026, Al Waleed announced during a site visit that Jeddah Tower had reached 430 metres and 107 floors. ArchitectureLab reported that Kingdom Holding Company, which he chairs, is the project's principal investor, with completion targeted for 2028.

Construction resumed in January 2025 after a seven-year halt, under a SAR 7.2 billion completion agreement signed in October 2024.

Al Waleed has been married and divorced four times. His first marriage was in 1976, at the age of 19 to his cousin, Princess Dalal bint Saud, a daughter of King Saud. They have two children, Prince Khaled, born on 21 April 1978 and Princess Reem, born on 20 June 1982. Al Waleed and bint Saud later divorced in December 1994.

In 1996, Al Waleed married Iman Sudairi, but the marriage lasted approximately a year. After divorcing her, Al Waleed married Kholood Al Anazi, in 1999. They were divorced in 2004.

Al Waleed's fourth 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."

He is a supporter of Al Hilal SFC and a Platinum Supporter Member of the club. In September 2024, he donated 300 million Saudi riyals to the club.

In July 1997, Al Waleed invested $10 million with the Palestinian Investment and Development Company (PADICO), and then helped cofound the Jerusalem Development and Investment Company (JEDICO).

In 2002, Al Waleed donated $500,000 to help fund the George Herbert Walker Bush scholarship at Phillips Academy in Andover, Massachusetts. He donated £18.5 million to Palestinian families during a TV telethon ordered by Saudi King Fahd to help relatives of Palestinians after Israeli operations in the West Bank city of Jenin. In 2004, he contributed $17 million to victims of the 2004 Indian Ocean earthquake and tsunami.

On 1 July 2015, Al Waleed held a press conference announcing his intention to donate $32 billion to philanthropic causes. He said that the funds would be used for humanitarian projects such as the empowerment of women and youth, disaster relief, disease eradication and building bridges of understanding between cultures.

Al Waleed tweeted a statement with a picture of himself holding an honorary Palestinian passport, "In response to the news of the visit to Israel: I have not and will not visit Jerusalem or pray inside it until its liberation from the Zionist enemy. And I carry an honorary Palestinian passport".

In 2015, Al Waleed 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".

Al Waleed advocates for pragmatic governance, praises Giorgia Meloni’s centrist approach, and aligns with Donald Trump on social issues.

On 4 November 2017, Al Waleed was one of those arrested in Saudi Arabia in a "corruption crackdown" conducted by a new royal anti-corruption committee. In total, 320 princes, ministers and businessmen were detained at the five-star Ritz-Carlton Hotel in Riyadh. This was done on the orders of Crown Prince Mohammad bin Salman, who acted with the aim of consolidating his position as the next ruler of the kingdom. Mohammad bin Salman is Al Waleed's first cousin; both are male-line grandsons of founding King Ibn Saud.

Al Waleed and most of the other Saudi notables arrested made financial settlements of some kind with the Saudi government before they were released. In his case, as in the case of most of the other detainees, the Saudi Arabian government did not disclose charges or produce evidence, and the negotiations were held in secret. In December, some weeks after the arrests, it was reported that the Saudi Arabian authorities were demanding $6 billion from Prince Al Waleed bin Talal in exchange for his release.

Al Waleed was released from detention in late January 2018, nearly three months after his arrest. According to a Wall Street Journal report, the price for his release was $6 billion. In comparison, his first cousin Prince Mutaib bin Abdullah, son of the late King Abdullah (1924–2015), was released after reportedly paying $1 billion.

Just days before his arrest, Al Waleed reportedly contacted US-based Saudi journalist Jamal Khashoggi (who had publicly criticized the Saudi government in the past) and invited him to return to the Kingdom to contribute to Mohammad bin Salman's vision.