The Financier Alwaleed bin Talal Assignment Example | Topics and Well Written Essays - 500 words

The Financier Alwaleed bin Talal - Assignment Example l who is currently fifty years old has being able to amass a lot of wealth since the year 1979 after finishing his university education and the latest Forbes ranking placed him as the 26th richest man in the world with a net worth reported to be approximately US $20 billion. Al Waleed Talal’s main investment vehicle is his Kingdom Holding Company where he owns 96% of the total shareholding. Khan (2005) further wrote that despite being a member of the Saudi’s royal family, Al Waleed Talal early childhood was not that rosy since a single mother raised him and this could be perhaps among the driving forces that have propelled him to be a successful man. According to Khan (2005), among the personal initiatives of Al Waleed Talal that have shaped him to become the most prominent Arab businessperson and investor is the military training that he received upon finishing high school that can be assumed made him a strict business man who is fully active on all of his business ventures. According to Khan (2005), the military training hardened him as a person and hence the reason why despite being a member of the Saudi royal family, he is the only member who has been able to amass a lot of wealth on his own, and even become the most influential Arab in the world. According to Khan (2005), in the business world Al Waleed Talal personal character is seen as an aggressive investor eager to tap on potential opportunities that may appear non-lucrative at the time, such as buying Citigroup’s shares while the company was in crisis. Al Waleed Talal is a philanthropic businessperson and through his foundation, he has made numerous donations mostly in a bid to further Islamic education in the world. Al Waleed Talal’s successful career has also being shaped up by his professional initiatives that have given him the skills required to run a successful business and even become a successful businessperson. To begin with, Khan (2005) stated that Al Waleed Talal has a Bachelor of