Tag: Bloomberg

Ranked as “the most influential Arab in the world”, Al-Waleed has at various times held investments in News Corp, AOL, Apple Inc., Motorola, Fox News, Eastman Kodak, TWA, Twitter, The Savoy, the Four Seasons hotel chain and Euro Disney SCA. Not afraid to back his beliefs financially, the “Buffett of Arabia” gave £18.5 million to the families of Palestinian “martyrs” in 2002 and sent a cheque for $10 million to New York City Mayor Rudy Giuliani after the 9/11 attacks. In exchange he requested “a more balanced stance toward the Palestinian cause”. The cheque was returned. When Forbes magazine listed him as being worth £13 billion in March 2013 he was irate at the use of “incorrect data” that “seemed designed to disadvantage Middle Eastern investors”. Al-Waleed, whom rival publication Bloomberg list as being worth £18.5 billion, indignantly told Steve Forbes to remove him from his list and announced through his office that would he would “sever ties” with it. Surely, this dispute could be easily solved as, after all, what’s a billion or two between friends?