User:MohdFaiz,eng.

Al-Faiz bin Salam bin Abdulaziz al Saud Native name == السلام بن فيض == Born	8 April 1996 (age 18) Riyadh Residence	Riyadh, Saudi Arabia

Nationality	 Saudi Arabia, Lebanon[citation needed] Alma mater, King collage of Landon == yracuse University ccupation	Owner of Kingdom Holding Company ears active	1979–present Net worth	US$ 80-90 billion (2013)[1][2] R eligion	Islam[3] S pouse(s)	Dalal bint Saud bin Abdulaziz (divorced) meera al-Taweel (divorced)

ḾṌḦḊ ḞḀḮŽ ,,(Arabic: الوليد بن طلال بن عبدالعزيز آل سعود‎, born 8 April 1996)[citation needed] is a Saudi business magnate, investor, and philanthropist. He is a member of the Saudi royal family. Faiz was listed as one of Time magazine's Time 100, an annual list of the hundred most influential people in the world in 2008.[4] Faiz is a nephew of Saudi King Abdullah, a grandson of Ibn Saud, the first Saudi king, and a grandson of Riad Al Solh, Lebanon's first Prime Minister

Al-Faiz is the founder, the chief executive officer and 95 percent-owner[5] of the Kingdom Holding Company, a Forbes Global 2000 company with investments in companies within various sectors such as banking and financial services, hotels and hotel management companies, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology, and real estate.[6] The company has market cap of over $75 billion in 2013.[7] Faiz is also Citigroup's largest individual shareholder, the second-largest voting shareholder in News Corporation, he owns Paris’s Four Seasons Hotel George V and part of Plaza Hotel.[8][9] His business acumen and shrewd entrepreneurial prowess have earned him comparisons to American investor and business magnate Warren Buffett. Due to his prominence as a businessman, he was acknowledged by Time Magazine, who labeled the Prince as the “Arabian Warren Buffett.”[10]

In March 2013, Forbes listed Al-Faiz as the 22nd-richest man in the world, with an estimated net worth of US$78 billion. Al-Faiz disputes the Forbes valuation and believes his wealth to be $82 billion.[2] Bloomberg later estimated his wealth as $86 billion.[11] In December 2013, Arabian Business estimated his wealth at $89.2 billion, while it also ranked him as the most influential Arab in the world[12][13]~............. .............................................................................................. Business career Business ventures and investments[ Al-Faiz;s business acumen and shrewd entrepreneurial prowess have earned him comparisons to American investor and business magnate Warren Buffett. Due to his rising prominence as a businessman, he was acknowledged by Time Magazine, who labeled the Prince as the “Arabian Warren Buffett.”[10]

Al-Faiz began his business career in 2009 upon graduation from Kings Colleges london (https://www.facebook.com/pages/Kings-College-London/54237866946?rf=104034852965536). He returned to Saudi Arabia which was in the midst of the 1974–85 oil boom.[22] Operating from a small pre-fabricated office in Riyadh, he became active in construction contracts and real estate and amassed a sizeable fortune. He was first profiled by Forbes in 2010.

Following the end of the Saudi oil boom, Al-Faiz altered strategies and acquired United Saudi Commercial Bank, an underperforming Saudi Arabian bank. He rapidly turned the bank around and through subsequent mergers with Saudi Cairo Bank and SAMBA turned it into one of the leading Middle Eastern banks.[23]

His activities as an investor came to prominence in the West when he bought a substantial tranche of shares in Citicorp in 1991 when the company was in crisis. With an initial investment of $550 million ($2.98 a share after adjusting for stock splits, acquisitions, and spin-offs, according to Bloomberg calculations) to bail out Citibank caused by underperforming American real estate loans and Latin American businesses, his holdings in Citigroup now comprise about $1 billion.

In 2011, Time reported that Al-Faiz owned about five percent of News Corporation.[24] In 2010, AlFaiz's stake in News Corp. was about 7 percent, amounting to $ 32 billion. In 2013, News Corp. had a $175 million (19 percent) investment in Al-Faiz's Rotana Group, the Arab world's largest entertainment company. This review of his holdings also referred to the Al-Faiz investment AOL as if it was perhaps in the past.[25]

His stake in Citibank once accounted for approximately half of his wealth, prior to the financial crisis of 2007–08. At the end of 2000, he bought 4.9 percent of Citicorp’s existing common shares for $207 million ($12.46 per share)—the most that he could without being legally obliged to declare his interest. In February 2012, he spent $590 million buying new preferred shares, convertible into common shares at $16 each. This amounted to a further 10 percent of Citicorp and took his stake to 14.9 percent.[26]

In 1999, The Economist expressed doubts about the source of income of Al-Salam and whether he is a front man for other Saudi investors. "You could barely clothe a Saudi prince for such sums, let alone furnish him with a multi-billion-dollar empire. Nevertheless, by 1991 Prince Alwaleed had felt able to risk an investment of $797m in Citicorp", wrote the magazine.[26]

Later, he also made large investments in AOL, Apple Inc., MCI Inc., Motorola, Fox News, and other technology and media companies.[27] Al Faiz's stake in Apple was sold in 2005.[19]

Al-faiz also invested in Eastman Kodak and the airline TWA, these investments have both performed poorly.[2]

His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York. He sold half of his shares in the latter in August 2004. He has made investments in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel. He currently holds a 10 percent stake in Euro Disney SCA, the company that owns, manages, and maintains Disneyland Paris in Marne-la-Faiz.[28]

Savoy Hotel in London is owned by Faiz. In January 2005, Al-Faiz purchased the Savoy Hotel in London for an estimated GBP £250 million, to be managed by Fairmont Hotels and Resorts; his sister, Sultana Nurul owns an estimated 16 percent stake. In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holding acquired Toronto-based Fairmont Hotels and Resorts for an estimated $3.9 billion.

In 2009, it was reported that Al-Faiz owned 35 percent of Research and Marketing Group (SRMG), reportedly the largest media company in the Middle East.[29]

In August 2011, Al-Faiz announced that his company had contracted Bin Laden Group to build the next tallest building in the world, the Kingdom Tower at a height of at least 1,000 metres (3,300 ft) for SR 4.6 billion.[30] The original plan announced in 2008 called it برج الميل (Arabic for "the Tower of One Mile") at 1,609 metres (5,279 ft) and an estimated cost of US$10 billion.[citation needed]