Prince Alwaleed Among TIME/CNN’s list of 25 most influential global business executives

On 10 December 2001, Time magazine published a Time/CNN list of the+ most influential global business executives, which included HRH Prince Alwaleed Bin Talal, chairman of Kingdom Holding Company.

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By  Massoud Derhally Published  January 6, 2002

On 10 December 2001, Time magazine published a Time/CNN list of the+ most influential global business executives, which included HRH Prince Alwaleed Bin Talal, chairman of Kingdom Holding Company.

The list names 25 well-known international business community leaders that the magazine believes made a lasting influence through their unique leadership and management style. Time described Prince Alwaleed--the world’s sixth wealthiest individual--as a global investor whose moves are followed closely by CEO’s and money managers worldwide.

Prince Alwaleed’s investment stakes range from construction and hotels to stocks of international brand name companies. Alwaleed who is the chairman of Kingdom Holding and also of Azizia Commercial Investment Company, holds a 7.2% stake in the Saudi American Bank (SAMBA), 25.4% of Silki La Silki National Telecommunications Limited Company, 32.5% of Kingdom Center, 39% of Kingdom City, 30% of National Industrialization Company, 18% of The Savola Group Company, 36.4% of Kingdom Hospital and 30% of Kingdom Schools.

Alwaleed’s international holdings include a 3.8% stake in Citigroup, 10% of EcoBank, 13.7% of United Nigerian Bank, 14% of Cal Merchant Bank in Ghana, 5% of Apple Computers Inc., 1% of Kodak, 1% of Compaq, 15.3% of Teledesic, about 1% of Motorola, a stake in WorldCom, 10% of SONATEL, a stake in AOL Time Warner, 3.1% of News Corp., 3% of MediaSet, 3.2% of KirchMedia, 30% of ART, 50% of LBC, 17.3% of Disneyland Paris, a stake in Walt Disney, 22% of Four Seasons Hotels & Resorts, 27% of Mövenpick Hotels & Resorts, 100% of the George V Four Seasons Hotel in Paris, 16.5% of Fairmont Hotels, 50% of the Plaza in New York, 2% of Canary Wharf in London, the London Four Seasons Hotel, 50% of the Nile Plaza in Cairo, 2.3% of Saks Fifth Avenue, a stake in P&G, a stake in Pepsi Co., a stake in amazon.com, a stake in eBay, 5.4% of priceline.com, 20% of Planet Hollywood, 3% of Ballast Nedam, 5% of PADICO, 5% of JEDICO and 50% of KADCO.

Forbes magazine published its annual list of the world’s super rich for the year 2001 and listed Alwaleed sixth with a $20 billion fortune. The listing was for individuals running a business or managing their own assets. The financial publication calculated net worth based on asset valuation as of May 21st 2001. The 2001 edition of Guinness World Records ranked the Prince wealthiest businessperson outside the United States.

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