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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 11 February 2014 [View all]xchrom
(108,903 posts)25. Prince Alwaleed: I Have $11 To $12 Billion In 'Hidden Treasures' That Aren't Publicly Traded
http://www.businessinsider.com/alwaleed-has-12-billion-hidden-wealth-2014-2
Prince Alwaleed, Saudi Arabia's self-proclaimed Warren Buffett, has seen his fund, Kingdom Holdings, return 52% since Sept. 5, when it hit a 52-week low.
And the prince has told Bloomberg that there's more where that came from.
We have hidden treasures, lots of rich assets that arent publicly traded, Alwaleed, 58, said by phone from Crans-Montana, Switzerland, where he was vacationing with his family. They are worth more than $11 billion to $12 billion, and the market could value them at more than double that.
His big winners recently have been Twitter, the Fours Seasons, and Chinese e-commerce retailer JD.com Inc. It's the second biggest e-commerce site in China and is considering an IPO.
Read more: http://www.businessinsider.com/alwaleed-has-12-billion-hidden-wealth-2014-2#ixzz2t77NpsTn
Prince Alwaleed, Saudi Arabia's self-proclaimed Warren Buffett, has seen his fund, Kingdom Holdings, return 52% since Sept. 5, when it hit a 52-week low.
And the prince has told Bloomberg that there's more where that came from.
We have hidden treasures, lots of rich assets that arent publicly traded, Alwaleed, 58, said by phone from Crans-Montana, Switzerland, where he was vacationing with his family. They are worth more than $11 billion to $12 billion, and the market could value them at more than double that.
His big winners recently have been Twitter, the Fours Seasons, and Chinese e-commerce retailer JD.com Inc. It's the second biggest e-commerce site in China and is considering an IPO.
Read more: http://www.businessinsider.com/alwaleed-has-12-billion-hidden-wealth-2014-2#ixzz2t77NpsTn
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