“In early 2010, Prince Al-Waleed transferred 180 million of his personally owned shares in Citigroup into Kingdom Holding, increasing the assets of the company by about 600 million.”
♫
Said on Good Bad Billionaire
“He agreed to invest another 590 million in a deal that would take his holding as high as 14.9%, making him Citicorp's largest single shareholder.”
Good Bad Billionaire · Prince Alwaleed bin Talal: The billionaire royal
Play from 12:16
12:16
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
invested an additional $590 million in early 1991 to raise his Citicorp holding to 14.9%
$590 million
Said nearby on the same subject
“He raised additional funds by selling off a $200,000 necklace belonging to his wife.”
♫
Said on Good Bad Billionaire
“The surge prompted the company to, quote, throttle growth by raising the minimum investment for some new accounts from $1 million to $10 million.”
♫
Said on WSJ What’s News
“Moritz was incredibly farsighted ... but he also had another secret, the patience to hold on to his winning investments and never sell.”
♫
Said on The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Moments like this, every Monday
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Track a competitor?
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.