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The current Forbes includes an article about Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, age 41, who in 1991, according to Forbes injected $590 million and took new convertible preferred stock. "Now 41 million shares, that investment, 9.1% of the Citi's capitalization, is worth $5.8 billion."
Of course, that article was written before the TRV/CCI merger announcement.
Other investments bring the Prince's portfolio to a total of $12.7 billion, according to Forbes. April 20, 1998, p. 58.
Doug (no position in CCI or TRV) |
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