HRH Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud, (born, March 7, 1955) (Arabic: الوليد بن طلال بن عبد العزيز آل سعود) commonly known as Prince Al-Waleed, is a member of the Saudi Royal Family, an entrepreneur and international investor. He has amassed his fortune through investments in properties and stocks. As of 2006, his net worth was estimated at US $20 billion and he was ranked by Forbes as the 8th richest person in the world, and the richest Arab. He has been nicknamed by Time magazine as the Arabian Warren Buffett.

Prince Al-Waleed was born to Prince Talal, son of the founding king of Saudi Arabia, Abdul Aziz Al-Saud, and Princess Mona El-Solh, daughter of Riad El-Solh, the first Prime Minister of modern day Lebanon and a leader of Lebanese independence. He is also a cousin of Prince Moulay Hicham of Morocco, whose mother is also a daughter of Princess El-Solh.

Prince Al-Waleed completed a Bachelor in Science degree in Business Administration at Menlo College in 1979 and a Masters in Social Science at Syracuse University, in 1985. He is twice divorced. As of 2006, he is married to Princess Ameera and has two children: Prince Khaled and Princess Reem. Despite being the nephew of King Abdullah of Saudi Arabia, he has stayed outside of the core of political power in Saudi Arabia, instead building a large international business called the Kingdom Holding Company, through which he makes his investments.

Prince Al-Waleed is heavily involved in charitable activities across the Middle East, Asia and Africa, and is estimated to donate more than $100 million annually to charity. Much of this expenditure is in the field of educational initiatives to bridge gaps between Western and Islamic communities by funding centers of American studies and research in universities in the Middle East and centers of Islamic studies in American universities.

Source: Wikipedia

As of January, 2007