Meet Alwaleed Bin Talal, the Saudi Prince with a $300 Million Stake in Twitter

prince_615.jpg

Saudi Arabia's richest businessman, Alwaleed Bin Talal, announced today that he has invested $300 million in Twitter, the leading microblogging service in the west. A mustachioed nephew of the King Abdullah, Bin Talal has stakes in several other prominent companies including Apple, General Motors, and Citigroup. The prince gave his statement to the Saudi bourse today.

"Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact," he said in a press release.

Bin Talal has an estimated net worth of close to $20 billion and is hovering just outside the 25 richest people in the world. He has a massive yacht, gives money to Harvard and the Phillips Academy, and has several palaces that we hear are quite nice. In other words, not a bad guy to have supplying cash for your Internet company.

The prince's investment company's only other western-focused media company holding is News Corp.

We don't know much about the Prince's investment, but tech critic Evgeny Morozov filed it under the rubric, "How to preempt a 'Twitter Revolution.'" Where did he write that? On Twitter, of course.


Image: Reuters.

Presented by

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well. Bestselling author Mark Bittman teaches James Hamblin the recipe that everyone is Googling.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well.

Video

Before Tinder, a Tree

Looking for your soulmate? Write a letter to the "Bridegroom's Oak" in Germany.

Video

The Health Benefits of Going Outside

People spend too much time indoors. One solution: ecotherapy.

Video

Where High Tech Meets the 1950s

Why did Green Bank, West Virginia, ban wireless signals? For science.

Video

Yes, Quidditch Is Real

How J.K. Rowling's magical sport spread from Hogwarts to college campuses

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

More in Technology

Just In