Home / Press & Media / Investor News / Prince Alwaleed Ranked Among Top 26 in 2011 Forbes Billionaires List

Prince Alwaleed Ranked Among Top 26 in 2011 Forbes Billionaires List

March 10, 2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), has been featured in Forbes magazine’s annual list of richest people for 12 consecutive years. The Prince was ranked in the top 26 in the 2011 Forbes Billionaires list and still remains the wealthiest Muslim and Arab. Forbes listed the richest people who created their wealth through the fruit of their hard work. Prince Alwaleed continues to be the richest Muslim and Arab with a net worth of $19.6 billion.

Forbes magazine started its annual list of the richest people in the world 25 years ago to monitor the wealth of the richest each year. Despite the economic slumps the world economy had witnessed, which effects still persists until today, Prince Alwaleed managed to maintain the relative stability of KHC’s portfolio. Economic experts predict that the reason for this is that the Prince’s investments are not focused in one field and instead cover all aspects of life. His successful strategy in long term investment has also paid off handsomely, which has earned him a global name in the world of business.

 

HRH is known for his precision for exploring new and potential business opportunities and ventures in synchronization with the direction and fluctuations of the economic climate. Consequently, KHC was listed on Tadawul in 2007 and Prince Alwaleed who owns 95% of the Company has been involved in the creation of a diversified long term investments portfolio of strategic stakes in well-known companies locally and around the world, in multiple sectors.

Prince Alwaleed’s recognitions span over a decade and the most recent include: being ranked number one in the Arabic issue of Arabian Business Magazine`s 2010 Gulf’s 25 Most Powerful CEOs Prince Alwaleed was also ranked number one in Arabian Business Magazine`s 2010 Power 100 list of the World’s Most Influential Arabs, HRH was ranked number one in Middle East’s Magazine’s 2009 list of the World’s 50 Most Influential Arabs, the Prince was ranked one of the top 25 billionaires in the 2010 and 2009 Forbes Billionaires lists, HRH was featured in Elan magazine’s 2009 list of Top Entrepreneurs of the Year, the Prince topped Institutional Investor magazine’s 2009 list of the 12 of the Middle East’s Most Prominent and Influential Financiers, His Highness topped Arabian Business Magazine’s 2009 50 Richest Arabs List, also the Prince was number one in Arabian Business Magazine’s 50 Richest Saudi List, 2009, His Highness was included in the 2009 Forbes World’s Powerful Billionaires list, in the 25 People Who will Affect Your Finances 2009 list in U.S News magazine, named the top single investor in Saudi Arabia according to Al Jazeerah newspaper that named investors who hold the most stakes in local companies as the Prince’s 95% share in Kingdom Holding Company makes him the largest individual investor. In 2008, His Highness was ranked the largest private investor on the Saudi stock exchange, Arabian Business ranked HRH number one in their list of 100 Most Powerful Arabs for the fourth year running. Also in 2008, Institutional Investor magazine listed Prince Alwaleed on its first-ever ranking of the most-powerful figures in finance, European Business magazine selected Prince Alwaleed as the number one Richest Arab in the World on the list of The World`s Richest Arabs, Zahrat Al-Khaleej magazine chose Prince Alwaleed Entertainment Personality of the Year according to its annual poll, The Times newspaper ranked Prince Alwaleed number five on the “25 Shaping Tomorrow’s World of Middle East Business” list, Forbes magazine ranked Prince Alwaleed number 1 on the Middle East’s 20 Richest People List, Institutional Investor magazine listed Prince Alwaleed on their 40th anniversary issue on the list of the World`s Most Powerful & Influential people in the last 40 years and Arabian Business magazine chose Prince Alwaleed on the Top of the 50 Richest Arabs List, Almaal wal Aalam magazine’s poll voted Prince Alwaleed Economic Personality of the Year in the Arab World and in 2005 Prince Alwaleed`s ranking in Fortune Magazine`s 2005 list of Asia`s 25 Most Powerful.

Moreover, the Prince is active in social responsibility projects through significant local and international donations made by Alwaleed Bin Talal’s philanthropic and humanitarian foundations span all the continents. Furthermore, in 2010 Prince Alwaleed won the ITP “Humanitarian of the Year” award for HRH’s 3 Decades of Philanthropic Work, HRH received the ‘Knight of Giving Award’ during the 2010 Abu Dhabi CSR Conference, the Prince was acknowledged for his active philanthropy and was featured among 500 Most Influential Muslims List in Islamica Magazine, 2009, the magazine described the Prince as: “…an entrepreneur and investor who has built up a fortune through real estate and the stock market…His philanthropic clout comes from his position among the richest in the world.” Moreover, HRH was awarded the Special Award for Philanthropy by Arabian Business during the Arabian Business Saudi Achievement Awards event in 2007. In addition, the Prince is an advocate for the promotion of East-West cultural and religious dialogue for tolerance and understanding in line with the initiative of the Custodian of the Two Holy Mosques King Abdullah. In recognition of this, Time magazine listed Prince Alwaleed on the Time 100 issue and among the 12 Power Givers around the world for raising the profile of Islamic history and culture around the world in 2007.