Did you know that one of the biggest investors in America’s economy is a Saudi Arabian?
Alwaleed is a nephew of Saudi King Abdullah, and he’s also the richest man in the Arab world, with a personal fortune estimated at $21 billion at the end of last year, and holdings that include big pieces of Citicorp, Apple, Motorola, Disney, News Corp and Time Warner, to name just a few.
Many of his stocks were taking a battering as Alwaleed held court in Camp Rumah, but the Prince seemed unperturbed. The previous day, responding to news of Lehman Brothers’ bankruptcy, he’d told me that while his U.S. holdings had been affected by Wall Street’s slump, his investments elsewhere were doing fine. “All in all, we’re withstanding it well,” he said.
