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Prince Alwaleed’s Lawyers Have Bigger Problems Than The Forbes Billionaires List

How dare his cousin make him stay in a Ritz Carlton?
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Who can live in such a place? By Dr ehtsham (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Who can live in such a place? By Dr ehtsham (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud may be the grandson of the founder of Saudi Arabia and one of the three dozen richest men on earth, but he has had some down times. Being a major investor in Citigroup hasn’t always been the easiest, for example. He got pretty fat during graduate school. He’s been wrongly accused of owning a diamond-encrusted car. There was that nasty little spat with Forbesover whether he was worth $20 billion or $30 billion, and then the little Twitter battle between himself and another person unjustly slandered by the rich-person rankings. Also, he suffered through Avatar.

Now, however, he faces his greatest challenge yet, after his cousin Crown Prince Mohammed bin Salman slapped the cuffs on him as part of a wide-ranging corruption crackdown/naked power grab. (Who could imagine that a man with a jungle-themed pool who ensures his horse matches his clothes might have been engaged in a little money laundering?) And we’re not talking about the criminal charges: We’re talking about the accommodations.

His investments span the globe, including the Four Seasons Hotel George V in Paris, the Savoy in London and the Plaza in New York. He has also invested in the AccorHotels chain and Canary Wharf, the London business development….

The confinement of the princes, said to be in the Ritz-Carlton hotel in Riyadh, could be a particularly strange experience for Prince Alwaleed, who owns stakes in a number of Four Seasons hotels.

Saudi Princes, Former Ministers Arrested in Apparent Power Consolidation [WSJ]
Citigroup, Twitter, Lyft: Prince’s Arrest Touches Many [NYT]


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