Saudi's Prince Alwaleed reportedly loses $4 billion in 2008
By JERUSALEM POST STAFF
A Dubai-based magazine reported that billionaire Saudi prince, an investor in Citigroup, lost a billion of his net worth over the past year.
Even with the losses, however, Prince Alwaleed bin Talal remains the world's richest Arab, according to a ranking released Sunday by Arabian Business.
The magazine said Saturday that Prince Alwaleed's holdings were worth $17.08 billion as of December 2. The figure is based on a direct review of the prince's holdings and a meeting with the man who's been dubbed "the Arabian Warren Buffett," the magazine said.
An official at Kingdom Holding, Prince Alwaleed's investment company, did not immediately comment on the report.
if(catID != 151){
var cont = `Take Israel home with the new Jerusalem Post Store