Prince Alwaleed net worth rises by $1.1 bln in one day

30/01/2018 Argaam

 

Saudi billionaire Prince Alwaleed bin Talal net worth shot up by $1.1 billion after shares in Kingdom Holding Company (KHC) crossed the level prior to his detention in the anti-corruption campaign in November last year.

 

According to the Bloomberg Billionaires Index, Alwaleed’s net worth surged to $19.2 billion on Jan.29, from $18.1 billion on Jan.28, as the share prices of KHC rose 5.6 percent to SAR 10.60 riyals on Monday after rising 10 percent on Sunday on the Saudi Stock Exchange (Tadawul).

 

However, the Billionaires Index puts his year-to-date net worth loss at $700 million.

 

On Sunday, Alwaleed confirmed he still retains the ownership of KHC, his flagship investment firm, and of the stakes that he holds in other companies through the firm. Some of his significant investments include Citi, Apple, Twitter, and Time Warner.

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