Abo Karak
FaReS
Global Moderator
Hero Member
 United States
Posts: 1010
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« Reply #2 on: March 17, 2007, 11:12:28 AM » |
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I could'nt find any info about princes reem,but here is some about her father price waleed bin talal..and if i find any pictures for her,i will post them.
HRH Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud, (born, March 7, 1955) (Arabic: الوليد بن طلال بن عبد العزيز آل سعود) commonly known as Prince Al-Waleed, is a member of the Saudi Royal Family, an entrepreneur and international investor. He has amassed his fortune through investments in properties and stocks. As of 2006, his net worth was estimated at US $20 billion and he was ranked by Forbes as the 8th richest person in the world, and the richest Arab. He has been nicknamed by Time magazine as the Arabian Warren Buffett.
Prince Al-Waleed was born to Prince Talal, son of the founding king of Saudi Arabia, Abdul Aziz Al-Saud, and Princess Mona El-Solh, daughter of Riad El-Solh, the first Prime Minister of modern day Lebanon and a leader of Lebanese independence. He is also a cousin of Prince Moulay Hicham of Morocco, whose mother is also a daughter of Princess El-Solh.
Prince Al-Waleed completed a Bachelor in Science degree in Business Administration at Menlo College in 1979 and a Masters in Social Science at the Maxwell School of Syracuse University, in 1985. He is twice divorced. As of 2006, he is married to Princess Ameera and has two children: Prince Khaled and Princess Reem. Despite being the nephew of King Abdullah of Saudi Arabia, he has stayed outside of the core of political power in Saudi Arabia, instead building a large international business called the Kingdom Holding Company, through which he makes his investments.[citation needed]
Prince Al-Waleed began his business career in 1979 upon graduation from Menlo College. Funded by a $30,000 loan from his father and a $300,000 mortgage on his house, he initially brokered deals with foreign firms wishing to do business in Saudi Arabia.[citations needed] This was followed by land deals in the 1980s, along with major investments in the Saudi banking industry, which proved to be undervalued at the time.[citation needed]
The Prince's activities as an investor came to prominence when he bought a substantial tranche of shares in Citicorp in the 1990s when that firm was in difficulties. With an initial investment of $550 million to bail out Citibank caused by underpreforming American real estate loan and Latin American businesses, his holdings in Citigroup now comprises half of his wealth worth US$10 billion.[1] He has also made large investments in AOL, Apple Inc., Worldcom, Motorola, News Corporation Ltd and other technology and media companies.[citation needed]
His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York. He sold half of his shares in the latter in August 2004. He has made investments in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel. He holds a 10% stake, worth $30 million in 2006, in Euro Disney SCA, the organization which manages and maintains the Disneyland Resort Paris in Marne-la-Vallee, France.[citation needed]
In January 2005 Prince Al-Waleed purchased the Savoy Hotel in London for an estimated GBP £250 million, to be managed by Fairmont Hotels, in which Prince Al-Waleed owns an estimated 16% stake. In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holdings acquired Toronto, CA-based Fairmont Hotels for an estimated $3.9 billion.
As of 2006, he was believed to be in talks with Robert Earl, founder of Planet Hollywood, about taking a controlling stake in the English Premier League's Everton Football Club
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