What does a Saudi Prince’s arrest have to do with anything? Quite a bit if you are considered to be the Warren Buffet of the Middle East. The arrest of Saudi Prince Alwaleed bin Talal has sent a few tremors throughout the world of finance. There are investments by this business tycoon all over the world. Just to name a few, how about Twitter, Citigroup, and Lyft? There are countless investment holding firms globally that are affected by this arrest. The charges are corruption. The end game is control of Saudi Arabia by the Saudi ruler, King Salman. Here is what is at stake:
As Written By Breitbart News for Breitbart:
The arrest of Saudi Prince Alwaleed bin Talal on corruption charges impacts the billionaire investor’s many business associates throughout the world.
Alexandra Stevenson, Anne Barnard, and Neil MacFarquhar report in the New York Times:
With the arrest of Prince Alwaleed bin Talal, the prominent billionaire investor, Saudi Arabia has touched one of the richest and most influential investors in the world.
Among Prince Alwaleed’s crown jewels: sizable stakes in Twitter, Lyft and Citigroup. He has gone into business with some of the corporate world’s biggest titans, including Bill Gates, Rupert Murdoch and Michael Bloomberg.
His investments span the globe, including the Four Seasons Hotel George V in Paris, the Savoy in London and the Plaza in New York. He has also invested in the AccorHotels chain and Canary Wharf, the London business development.
So vast are his investments that he has been referred to as the Warren Buffett of the Middle East.
Prince Alwaleed’s arrest is likely to reverberate across dozens of companies around the world that count the investment company that he founded, Kingdom Holding Company, as a……..
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