18. Prince al-Waleed
Global Investor
Prince al-Waleed bin Talal bin Ab Al-Saud parlayed a 1979 inheritance of $15,000—and a house that he mortgaged for $400,000—into a $20 billion empire. A Saudi royal and the world's sixth wealthiest individual, al-Waleed, 46, is a global investor whose moves are followed closely by CEOs and money managers. His
interests range from his own construction, hotel and oil firms to the stocks of troubled brand-name firms,
including Compaq,
Disney and Kodak. The prince, who follows the markets by satellite from his yacht, scored his first big win in
1991: $790 million of depressed Citicorp stock that has grown to an $8 billion stake in what is now Citigroup. And he's looking for similar opportunities in today's market.
CNN Video:
Watch a short profile of Prince al-Waleed
Related Link: Bio by Agence Europe
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