Prince Alwaleed

  • News

    Forbes Continues To Insult, Slander Prince Alwaleed

    In spite of (or because of?) his protestations last year, Forbes continues to insist that His Royal Highness is worth 50% less than the prince insists he is, thereby denying him his rightful place alongside (and preferably ahead of) Mark Zuckerberg (#21 with $28.5 billion). Instead, Alwaleed (#30 with $20.4 billion) has again been put […]

    / Mar 3, 2014 at 6:53 PM
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    Prince Alwaleed’s Son Did Not Fall Far From The Tree

    Where mere mortals have failed, the son of the great, tasteful and richer-than-they-say Prince Khaled bin Alwaleed will succeed.

    / Feb 25, 2014 at 3:47 PM
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    Prince Alwaleed Not As Pleased As You Might Think To Be Associated With A ”Diamond-Encrusted Mercedes-Benz”

    Here a list of things Prince Alwaleed has no problem being associated with: A net worth of 30, and not 20, billion dollars Keeping numerous framed photos of himself in his office Going all Single White Female on Warren Buffett’s ass Matching his outfit to his horse Texting world leaders in the middle of the […]

    / Feb 6, 2014 at 2:21 PM
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    Anybody Else Wanna Underestimate Prince Alwaleed’s Net Worth? That’s What He Thought

    Prince Alwaleed, owner of London’s Savoy hotel, said in March that he would sever ties with [Forbes] after its annual rich list valued him at $20bn, not enough to place him in the coveted top 10. Despite being pronounced the richest man in the Arab world, Prince Alwaleed accused Forbes of “intentional biases and inconsistencies” […]

    / Jun 7, 2013 at 3:38 PM
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    Text World Leaders During Late-Night Bike Rides And Watch The Pounds Melt Right Off (The Alwaleed Lifestyle, Chapter 3)

    A person in need of a little guidance could seek advice from Prince Alwaleed bin Talal on any number of topics. Interior design (decorate with an emphasis on clean lines and pictures of yourself, ensuring fellow royalty never forget whose office they are in). Business (keep your employees movitvated with occasional hookah parties and pet falcons). Fashion (don’t be caught dead clashing with your horse). Know-nothing list-makers whose inability to add gives the world the impression you’re some kind of street urchin worth a mere $18 billion (TAKE NO PRISONERS). But the area of expertise closest to his heart? Diet and fitness. The formerly plump prince has loads of wisdom to impart on how to get fit and and stay that way. Herewith, a preview of the tips you’ll find in what we hope will be be a forthcoming series of books and DVDs entitled The Alwaleed Lifestyle.

    / Mar 21, 2013 at 1:14 PM
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    How Many Portraits of Prince Alwaleed Grace Prince Alwaleed’s Office?

    [Twitter via BI] Only two are visible in this photo he tweeted of himself and Prince Charles but presumably the gold thing behind the couch is an oil painting of his HRH and one would hope that if the cameraman zoomed out, we would see glossy 8X10’s of this, this, this, and this. And maybe […]

    / Mar 19, 2013 at 3:58 PM
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    Prince Alwaleed Doesn’t Need You…Prince Alwaleed Doesn’t Need Any Of You!

    The Private Office of His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud and Kingdom Holding Company announce that they have ended their long-standing relationship with the Forbes Billionaires List. The relationship was severed in a letter from His Royal Highness, Chairman of Kingdom Holding Company, to Mr. Steve Forbes the Chairman and […]

    / Mar 4, 2013 at 4:29 PM
  • News

    Zen Gardens That Never Were: Vikram Pandit Doesn’t Have To Put Up With This Shit Anymore

    As you may have heard, earlier today, Citigroup announced that CEO Vikram Pandit would be resigning from his post at the bank, effective immediately, along with several longtime lieutenants. While the news came as a shock to Wall Street, it was assumed that on the inside, employees had been given some advanced warning and time to get used to the idea of life without Uncle Vik. That he hadn’t just left in the middle of the night. That those hugs on the elevator Monday hadn’t been their last. That he’d stashed something away for them to remember him by. A good-bye note. A glossy 8X10 photo to keep on their desks. SOMETHING. Apparently though, not so much.

    The news of Mr. Pandit’s departure after five years atop the company came as a shock to Citigroup employees, including senior executives. In the firm’s London office, some executives emerged from a meeting and read the news on their computers and Bloomberg terminals, well before the bank’s internal memo was released. Soon a dozen employees were crowded in front of television monitors, following the story on financial business shows. Others were seen around a water cooler on the trading floor, discussing the news. Still others retreated to their desks to parse Citigroup’s recent earnings release, looking for hints of internal conflict. “There’s shock,” said a Citigroup executive based in New York. “Even senior people were surprised.”

    And while early reports suggested that Count Vikula had simply decided that Citigroup had come so far since he’d taken the gig five years ago that his work was done, and that while it was time to move onto the next stage of his life, he’d cherish the memories and the people he met at Citi, it now sounds like the split was a bit more acrimonious than that.

    Pandit abruptly stepped down following a clash with the New York company’s board over strategy and operating performance at businesses including its institutional clients group, according to people with knowledge of the bank.

    At this time, some questions that need answering:

    * Does today’s news change Meredith Whitney’s opinion of the Big C, which, as of last April was that the thought of it still sickened her?

    * Where is the comment from Prince Alwaleed, AKA Citi’s largest individual shareholder and Vikram’s number one fan?

    * Is Sheila Bair happy?

    * Will Citi’s food services employees treat new CEO Mike Corbat in the manner he’s grown accustomed?

    The ladies who serve and prepare the food at Currier House all have crushes on senior Mike Corbat. The woman who checks off the names–the one sitting at the desk–smiles and winks at him. Then the greyish, plump one who serves the french onion dip giggles, when Corbat quips something that’s not-so-funny. And during lunch, a man who also works in the dining room–he’s the aged guy, with a slightly arched back who stands around in his red coat–comes over to Corbat and gives him some present all wrapped up in tinfoil. The guy in the red coat paternally pats him on the shoulder and walks away. “I just give them tickets to some of the games,” he explains. You see, Mike Corbat is a 6-ft, 3-m, 230 pound dear. Whatever the case. Corbat–an all-Ivy offensive guard on the Harvard football team–may be a dear to the people who work in the dining hall, but he certainly isn’t dear to his opponents. People who are dears on the field don’t get contacted by at least a half-dozen teams informing him of the possibilities of his playing in the National Football League.

    * Could all of this have been different if those cheap fucks has just given him his Zen Garden?

    Citigroup CEO Vikram Pandit Resigns [WSJ]
    Mike Corbat: All-Ivy And A Perfect Team Player [Crimson via Counterparties]
    Earlier: Vikram Pandit: HAPPY.AS.A.CLAM
    Related: “…certain design elements have been nixed since the initial planning phase, including a Zen garden.”

    / Oct 16, 2012 at 11:44 AM
  • News

    Prince Alwaleed Has Some Advice For The US On The Debt Ceiling Situation

    “I hope something happens before the 2nd of August because if that comes and brinkmanship continues between the Republicans and Democrats, between Congress and the President, that’s a time bomb…You cannot play games with this. This is gambling. This is the United States. You’re leading the whole world, economically-speaking. I hear a lot about China […]

    / May 20, 2011 at 11:53 AM
  • News

    Prince Alwaleed: Day Of Rage Was No Big Deal

    It was nothing. It was “a tempest in a teacup.” Not that many people even showed up and if you want his opinion? It should actually be called Day of Allegiance, to the Saudi King. [CNBC, WSJ]

    / Mar 11, 2011 at 4:03 PM
  • News

    Prince Alwaleed Loves Companies Touched By The US Government

    Kingdom Holding Co. said the investment firm and its chairman, Saudi Arabian billionaire Prince Alwaleed Bin Talal, invested $500 million in General Motors Co.’s recent initial public offering. The transaction represents 1% of the value of GM’s subscriptions, Kingdom Holding said Tuesday in a statement emailed to Zawya Dow Jones. The firm cited “the global […]

    / Nov 23, 2010 at 12:04 PM
  • News

    Prince Alwaleed: Kind Of Obsessed With Warren Buffett?

    According to the cover story of Bloomberg Markets Magazine’s Junes issue, entitled “Buffett and the Prince,” yes. Before we get into all that, however, just take a moment to appreciate the setting in which this interview took place: Prince Alwaleed bin Talal sits under an almost full moon near a campfire at his rustic retreat […]

    / Apr 28, 2010 at 1:15 PM
  • News

    Celebrity Shareholder Cribs: Prince Alwaleed’s Palace

    Have you often wondered to yourself, does Citi’s favorite investor max and relax (indoor) poolside after a long day of riding Vikram’s ass like Zorro? Does said indoor pool have a jungle theme going on around it that includes life size ceramic elephants, antelopes and giraffes? Would the Prince’s style be best described as late […]

    / Apr 26, 2010 at 10:34 AM
  • News

    Caption Contest Monday

    [via Dealbook]

    / Apr 19, 2010 at 4:38 PM
  • News

    Caption Contest Monday

    [via Arabian Business]

    / Mar 29, 2010 at 2:15 PM
  • News

    Prince Alwaleed’s Got His Fingers Crossed 2010 Will Be A Profitable Year At Citi

    Back in January, Prince Alwaleed informed Vikram Pandit that after “two years of leeway from shareholders,” 2010 is the year the Citi CEO must deliver. To that end, from here on out, the Prince said, Uncle Vik’s ass will ridden like Zorro, no if/ands/or buts about it. Alwaleed doesn’t typically enjoy getting so harsh on […]

    / Mar 15, 2010 at 4:00 PM
  • News

    Prince Alwaleed Thought Avatar Sucked

    Prince Alwaleed was on Charlie Rose last night to discuss a whole mess of topics. Obviously he had to get the pink pony out of the way first which was that yes, he’s spoken to Vikram and made it clear that the honeymoon is over and Vickle’s has gotta make 2010 the year he moves […]

    / Jan 22, 2010 at 2:26 PM

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