Alwaleed, who is a nephew of Saudi King Abdullah, already has an impressive investment portfolio, including Citigroup, Apple, Kodak, Motorola, Pepsico, Walt Disney, Proctor and Gamble and several high-end hotels such as the Four Seasons.
As far as American media companies are concerned, the prince’s only major investment is in News Corp., where he is the second-largest stakeholder, after the Murdoch family, the Guardian reported. Alwaleed is reportedly the one who urged the Murdoch family to fire editor Rebekah Brooks following the controversy surrounding the Sun newspaper as it became embroiled in the British phone hacking scandal.
The billionaire is ranked 26th on Forbes list of the richest people in the world.
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