1. HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, Chairman, Kingdom Holding CompanyOrigin: Saudi Arabia
Residence: Saudi Arabia
The last year has been far from uneventful for the world’s most powerful Arab, with business success partly offset by PR blunders and court cases.
Since establishing Kingdom Holding in 1979, Alwaleed has acquired stakes in Citibank, Movenpick Hotels, Walt Disney, Apple Inc, News Corp, Twitter and PepsiCo, among others.By the end of 2013, Alwaleed estimated his fortune had increased by 20 per cent, from $25.9 billion in 2012 to $31.2 billion.
The full list of The World’s 100 Most Powerful Arabs is published in the Gulf Business February 2014 issue and can be purchased from newsstands in the Gulf.