This relationship too didn’t last too long and ended in November 2013
Al Waleed had offered a cheque worth $10 Million to the mayor of New York City, named Rudy Giuliani, immediately after the devastating ‘World Trade Center’ attacks of 2012
His stake in ‘Twitter’ had grabbed attention from world over, especially during the year 2011
In 2006, his firm, ‘Kingdom Holding Company’, entered into an acquisition deal with a firm named ‘Colony Capital’, to clutch the ‘Fairmont Group of Hotels’
The Prince went on to purchase the renowned ‘Savoy Hotel’ located in London for a staggering $250 Million, during early 2005
In 2004, he went on to sell a significant number of shares he had with the firm ‘Plaza’
In a bid to encourage education, this businessman had contributed around $500,000 to the ‘George Hebert Walker Bush’ scholarship, an initiative of the educational institution named ‘Philips Academy’, in 2002
During the year 1997, the popular magazine ‘Time’ had claimed that Al-Waleed owned a stake of 5% in the American media giant ‘News Corporation’
Al-Waleed bought a huge chunk of shares of the financial giant ‘Citicorp’ in 1991, a time when the bank was undergoing a great crisis
After graduating from ‘Menlo’ in 1979, Talal returned to his home turf to embark on his own business venture
His parents officially parted ways in 1969, through a divorce, after which Waleed resided with his mother at Lebanon
Al Waleed was born to the Monarch named Prince Talal and his wife Mona Al Solh on 7th of March, 1955, in the middle-eastern city of Jordan
In 1971, he moved to Studio apartment in Manhattan, New York and became involved with larger building projects. In the following year, he finalized first multi-million dollar real estate transaction with the sale of Swifton village in Cincinnati, Ohio.
In 1985, he bought Mar-a-lago estate in Palm beach, Florida and renovated the Barbizon hotel and 100 Central Park South.
In 1988, he bought the Plaza Hotel in New York City.
In 1989, he bought a fleet of Boeing 727 airplanes to form Trump air shuttle service. Unfortunately a helicopter crash killed three Trump casino executives which lead to big issue.
By 1989, poor business decisions left him unable to meet loan payments but he somehow financed the construction of his third casino, the $1 million Taj Mahal, with high-interest junk bonds. The increasing debt soon brought him to business bankruptcy.
In 1990, he regained his previous stable financial position and fame and opened the Trump Taj Mahal casino in Atlantic City. Soon he gained approval for Riverside south development of West Side rail yards.
In 1996, he got the ownership of Miss Universe Organization which produces the Miss Universe, Miss USA, and Miss Tean USA pageants.
In 2003, he became joint partner with the National Broadcasting Company (NBC) where he became the executive producer and host of the NBC reality show, ‘The Apprentice’ which became a huge success. Following its success, he co-produced a show, ‘The Celebrity Apprentice’ along with British TV producer Mark Burnett.
On October 21, 2004, Trump Hotels and Casino & Resorts declared a restructuring of its debt which led to a reduction in his individual ownership from 56 percent to 27 percent. The company applied for Chapter 11 Protection in November and soon the company re-emerged from bankruptcy as ‘Trump Entertainment Resorts Holdings’.