sixer Saudi Prince Invests $300M in Twitter | Roland Martin Reports

Saudi Prince Invests $300M in Twitter

Source: Hayley Tsukayama / The Washington Post

Twitter got a big check from investor Prince Alwaleed bin Talal, a member of the Saudi royal family who’s been nicknamed the “Arab Warren Buffett.”

According to a Monday press release from Alwaleed’s investment company, Kingdom Holdings, the prince invested $300 million in Twitter saying that it represents a “strategic stake” in the micro-blogging company.

lwaleed, who is a nephew of Saudi King Abdullah, already has an impressive investment portfolio, including Citigroup, Apple, Kodak, Motorola, Pepsico, Walt Disney, Proctor and Gamble and several high-end hotels such as the Four Seasons.

As far as American media companies are concerned, the prince’s only major investment is in News Corp., where he is the second-largest stakeholder, after the Murdoch family, the Guardian reported.Alwaleed is reportedly the one who urged the Murdoch family to fire editor Rebekah Brooks following the controversy surrounding the Sun newspaper as it became embroiled in the British phone hacking scandal.

The billionaire is ranked 26th on Forbes list of the richest people in the world.

To read this article in its entirety visit The Washington Post.

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