Financial Times FT.com

Royal subjects

By Simon Kuper

Published: December 3 2005 02:00 | Last updated: December 3 2005 02:00

When would Prince Alwaleed like to have lunch? At 6.30pm. Where? At his hotel, the George V. Does he always stay there when he's in Paris? Actually, he owns it.

The world's fifth richest man, worth an estimated $21.5bn, tends to own things. There are his chunks of Citigroup and News Corp, not to mention EuroDisney, Canary Wharf, Hewlett-Packard, Time Warner and so on. Though one of his grandfathers founded Saudi Arabia and the other was independent Lebanon's first prime minister, Prince Alwaleed bin Talal is considered practically a self-made man. He has even been called the Saudi Warren Buffett, chiefly for having turned an $800m purchase of Citicorp stock into a stake worth $10bn. Not content with being rich, the prince also believes he has a divinely ordained role to bring together "east and west".

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