Categorized | Region

The Fall of a Saudi Prinz

Posted on 28 April 2009
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alwaleed_bin_talal
alwaleed_bin_talal
In March 2008, Forbes Magazine published the worlds richest billionaires. Ranking number 19 was Prinz Al Waleed bin Talal, a Saudi business man who supposed to be the promoter of trade between the Middle East and the West.

a380
a380
The Prinz had a extravagant lifestyle and was the first private person to order a custom made Airbus 380 for his personal use. His risky financial investments during the stock market boom come now to hunt him due to speculative losses when the financial downturn started. The Prinz tries now to shift from business man to politician, in order not to loose everything of his fortune. Read more:

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