Alwaleed bin Talal, the Warren Buffett of Saudi Arabia

The total wealth of Saudi Prince Al-Waleed bin Talal, who has recently invested in Russian energy companies Gazprom, Rosneft and Lukoil, is at $16.9 billion. It was reported that Saudi Prince Al-Waleed bin Talal's company Kingdom Holding invested in Russian energy companies Gazprom, Rosneft and Lukoil between February 22 and March 22. Russia invaded Ukraine on February 24. It was reported that a total of $500 million was invested in these companies, including $365 million in Gazprom in February. The Saudi Prince, who draws attention with his focus on "established brands going through difficult times," has a total wealth of $16.9 billion. Prince Al-Waleed is the founder of Kingdom Holding, which has stakes in hotels, real estate and stocks. The Riyadh-based group's publicly traded investments include Citigroup, Snap, Lyft and Twitter. The group also owns a majority stake in Rotana, a media and entertainment provider in the Middle East. Al-Waleed struck a deal with the Saudi government after he was released from custody amid a corruption crackdown in Saudi Arabia. In a March 2018 interview, he said the secret deal was forward-looking and would not elaborate. A representative for Al-Waleed disputed media reports that he had made significant payments to Saudi officials, which is therefore not included in the calculation of his wealth. Al-Waleed owns land in and around Riyadh, a 420-room palace, the top three floors of Kingdom Tower, a majority stake in media company Rotana and Saudi residences worth $3.9 billion. The billionaire also owns 21.2 million shares of Snapchat and 30.1 million shares of Twitter. Who is Al-Waleed bin Talal? Known as the Warren Buffett of Arabia, Al-Waleed bin Talal is known as one of the most public members of the Saudi royal family. The prince is the son of Prince Talal and Princess Mona El-Solh, daughter of Lebanon's first prime minister Riad El Sohl, and the nephew of Saudi monarch King Salman.