48 , self made
Source: investmentsNet Worth: $23.7 bil
Country of citizenship: Saudi Arabia
Residence: Riyadh, Saudi Arabia
Industry: Investments
Marital Status: married , 2 children Menlo College, Bachelor of Arts / ScienceSyracuse University, Master of Science
This savvy global investor and nephew of the Saudi king continues to thrive on deal-making—in addition to a dash of pro-American political crusading. His fortune, anchored by a $10 billion stake in Citigroup, was lifted in part by a 116% rise in the Saudi stock market in 2004. Last year he unloaded his half of New York's Plaza Hotel and plowed the profits into buying stakes in London's Savoy Hotel and Monaco's Monte Carlo Grand. In January he helped bail out an ailing Disneyland-Paris with a $30 million cash injection. A vocal supporter of women's rights, he hired the first female airplane pilot in Saudi Arabia, a country where women still can't legally drive. Clearly pleased with his stock picking prowess, he took out ads on CNN touting his holdings. "We're telling the market all these companies are number one in their field," crows Alwaleed.
Posted By http://www.forbes.com/
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