Bloomberg Businessweek


Saudi Arabia’s best-known investor has been swept up in an anticorruption crackdown

When the Saudi king had dozens of powerful princes and businessmen arrested on Nov. 4 in a crackdown on corruption, none of the names grabbed global attention quite like that of Prince Alwaleed bin Talal. The world’s 61st-richest person, the royal is practiced at grabbing attention. For decades he’s been a celebrity on Wall Street, known for his sizable stakes in companies such as Citigroup, Apple, Twitter, and Lyft and a tabloid-friendly embrace of excess. The owner of a 282-foot superyacht he bought from Donald Trump, Alwaleed flies around in a retrofitted Boeing 747 and has a zoo at his private palace.

The defining feature of Riyadh’s skyline is Kingdom Centre, a 992-foot-tall glass edifice he built in 2002 that serves as his headquarters. Its curved sky

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