Prince Al-Waleed bin Talal bin Abdulaziz Al Saud was born on March 7, 1955, in Riyadh, Saudi Arabia, as the second son of Prince Talal bin Abdulaziz, a Saudi billionaire and one of the world’s wealthiest investors.
Alwaleed was named the fourth richest man in the world in 2004, according to Forbes magazine, with a net worth of $21 billion. Years later, in 2009, the American magazine rated him as the 22nd wealthiest person in the world, with a fortune of $13.3 billion, and in 2010, he ascended to the 19th richest person in the world, with a fortune of $19.4 billion.
King Abdulaziz Al Saud, the founding father of Saudi Arabia, is his paternal grandfather. Riad El Solh, the first sovereign government of Lebanon, is his maternal grandfather. In 1979, Prince Alwaleed graduated with honors from Menlo College in California with a bachelor’s degree in administrative and economic sciences. In addition, he has been awarded 23 honorary doctorates from universities all around the world.
After receiving a Bachelor’s degree in Business Administration from the United States of America in 1979, Al-Waleed bin Talal returned to Saudi Arabia and began exercising his investing and commercial operations.
The Saudi prince is involved in many business ventures, including worldwide hotels such as the Four Seasons, Fairmont, and Movenpick, in which he holds varying shares, as well as the George V hotels in Paris, Copley Plaza in Boston, and Plaza in New York, which he owns.
He is also involved in the media sector, as he owns the Rotana Company for Artistic Production in addition to the Al-Resala channel, and has purchased stakes in international companies News Corp and Mediaset, CNN, and Fox, as well as having technical investments, the most notable of which are in Apple and eBay.
In August 2011, Al-Waleed stated that his business had signed a deal with the Binladin Group to construct the Kingdom Tower in Jeddah, the world’s tallest skyscraper, at 4.6 billion Saudi riyals.
Alwaleed bin Talal controls the Alwaleed ibn Talal Charitable and Humanitarian Foundation, which comprises three institutions in the Kingdom of Saudi Arabia and Lebanon, as well as others across the world.
Alwaleed has donated $3.5 billion to philanthropic initiatives in more than 92 countries throughout the world for 35 years.