The richest sauditets started with less than $ 1 million

The richest man in Saudi Arabia is the famous investor Prince Alualid ibn Talal, a member of the royal dynasty fortune of 16.3 billion dollars. This points to a rating published by Areybian business „- one of the most influential biznesspisaniya in the Middle East, ITAR-TASS.

Alualid ibn Talal retains top position in the ratings, although last year lost 4.6 percent due to the crisis of his fortune – nearly 800 million dollars, the agency notes.
54-year-old prince is regarded as one of the most circumspect and provident investors in global financial markets.
Except in Saudi Arabia and major Western countries it invests in new emerging economies of countries like Russia and China, argues ITAR-TASS.
Nephew of King and one of two thousand princes in Saudi Arabia, ibn Talal Alualid started its investment activity in the 80’s, when it is available in less than one million dollars.
Subsequently, however, able to multiply many times the initial capital, the agency noted.
In early July the Saudi prince was a one-day visit to Bulgaria. During his visit he was udostvoen by President Parvanov to the Order of the Madara Horseman, First Class.
In Thracian University Alualid ibn Talal received the title Doctor Honoris Causa.

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