Who benefited by the increase in the price of oil? He is Al-Walid bin Talal bin Abdul-Aziz Al-Saud. Saudi Arabian businessman who became customers remain in the list of the 20 richest people of the world's version of Forbes magazine.
In 2007, despite rising net wealth of USD300 million, prince Al-Walid to the position down four levels. In 2006, "Warren Buffet" from the Arabs, the nickname of awarded Time magazine, in ranking to-8 with a wealth reached USD20 billion.
The Chairman of Kingdom Holding Company is to collect tens of wealth through investment in 10 sectors. In the hotel business and property of many known name. Grandchildren founder of the Kingdom of Saudi Arabia is famed as one of the shareholders networks Four Season Hotel. He also registered as the owner of Savoy Hotel (London), Plaza Hotel (New York), and Songbird Estates PLC (London's Canary Wharf).
Hotelnya related business, in 2007 he twice to make big blow, to buy the Four Seasons Hotel Bangkok and Four Seasons Resort in Langkawi, Malaysia. Neighboring countries in jail until he was 435 million Malaysian ringgit. For the Four Seasons Bangkok, he grope pocket USD48 million (equivalent to Rp451, 5 billion) to buy 81.9 percent of the shares in the hotel's golden triangle area of Jakarta that.
The acquisition of the hotel was named Regent is a debutnya in Indonesia, at the same time increase the portfolio in seven Asian countries. Kingdom Hotel Investments (KHI) now have shares in all 35 properties in 21 countries, consists of 22 hotels and resorts that are already operating, and 13 hotels and resorts that are built in the framework of the expansion.
How can the son of the Arab position is to climb such a high speed? Many of the suspect, it hamate with the role of Al-Walid as the spearhead of the investment for the Saudi prince other than publicity. There are also issues related to the spread pace with the development of the county in the contract a secret military base in Saudi Arabia, and commissions over from the shipment of oil.
Al-Walid was born on March 7, 1955. His mother, Mona El-Solh, daughter is the first prime minister of modern Lebanon, Riad El-Sohl. When the prince was born, Riyadh is still the desert city that prohibited foreign people. As the son of Prince Talal, Al-Walid enjoy the convenience of the special unknown by most Saudi people: tap water and cars.
State wiped nearly went bankrupt that it changed overnight. The explosion in oil prices in the 1970s siphon wealth exceeds, and the Al-Saud clan, which has an 6,000-prince collectively become the richest family in the kingdom of earth.
Al-Walid Al-Saud with a difference. In 1962, the father of four with his brother protest. Talal show sympathy to the enemy Al-Saud, namely, the revolutionary leaders of Egypt, Gamal Abdel Nasser. In a devious they demanded that the political system more open. This makes matters embarrassed clan, and Talal outcast to Egypt. Talal eventually allowed to return to the motherland. Since there is no such rule written in the Al-Saud clan that Talal and his family not to be active in government.
Marginalized, Al-Walid had excess motivation. He pitch aspiration of becoming a businessman while still on the age dozen years. He landed in San Francisco in 1976 to start studying Business Administration. In the age of 24 years, Walid Al-degree Bachelor of Science degree in business administration in the field of Menlo College, with specialization in management. Later, he MA degree in social science from Syracuse University, New York state, in 1985. Al-Walid obtain financial expertise through work, not from the course book.
When returned to Riyadh at the end of 1979, to start a profitable business. The price of oil reached a record, and the government pumping billions of dollars to the construction sector, from toll roads and building new ministries to skuadron-skuadron latest fighter. With USD30.000 capital loan from his father, mortgage and home of USD300.000, Al-Walid start a business. He first became a foreign company that brokers want to do business in Saudi Arabia.
In 1982, two years after the founding company called Kingdom Establishment in Riyadh, Al-Walid mengegolkan first transaction: build a single club in a military academy near Riyadh worth USD8 million. He represents the small contractors from South Korea. From there, Al-Walid business grow rapidly and become more sophisticated. Not simply act as an agent, he increase profits by establishing their own companies, and formed a joint venture with foreign private.
Activities Al-Walid as investor attention when he began buying shares Citicorp (now known as Citigroup), which terlilit liquidity difficulties in 1991. With initial investment of USD550 million, Prince mem-bail-out of Citibank, which involved real estate bad debts in the United States and Latin America. He also suppress scale capital in the giant AOL, Apple Inc., WorldCom, Motorola, News Corporation Ltd., and in the field of technology and media companies.
Currently he has a 17 percent share in Euro Disney SCA, the organization that manages Disneyland Resort Paris in Marne-la-Valle, France. In 2007, he was talking with Robert Earl, founder of Planet Hollywood restaurant network, to discuss ownership shares Everton FC in the English League. Earl is the owner of 23 percent shares in the football club.
Source : http://elqorni.wordpress.com
