Al-Waleed bin Talal: billionaire Saudi prince at centre of corruption purge

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The highest profile arrest in Saudi Arabia’s anti-corruption purge is Prince Al-Waleed bin Talal, a multibillionaire with huge investments in western firms.

Prince Al-Waleed, 62 and one of the world’s richest men, has become one of the most familiar – and progressive – faces of Saudi in western media. While he has the lifestyle, jets, yacht and palace of a stereotypical Saudi billionaire, he has burnished a different image with interventions such as backing rights for Saudi women and denouncing President Trump on Twitter.

The prince, a grandson of Saudi’s first ruler and son of a Saudi finance minister, has an estimated net worth of $17bn (£13bn), according to Forbes magazine – although he has sued them for underestimating his wealth. He came to prominence internationally as a major backer of Citigroup in the 1990s, and more so when continuing to back the firm as its value evaporated during the financial crisis.(theguardian)…[+]