Al-Waleed bin Talal vs Donald Trump

Al-Waleed bin Talal’s profile picture
Donald Trump’s profile picture
Business magnate
President-elect, United States
$22.8 Billion
Net worth 2018
$3.08 Billion
Real Estate Entrepreneurs
Industry
Real Estate
Riyadh
Residence
Jamaica Hospital Medical Center, New York City, New York, United States
Saudi Arabian
Country
United States
07/03/1955
BirthDay
14/06/1946
1.68 m
Height
1.88 m
Children
5
1979 - Menlo College, 1985 - Maxwell School of Citizenship and Public Affairs, Syracuse University, University of Exeter
Education
Bachelor of Arts / Science, University of Pennsylvania; Fordham University
NET WORTH STATISTIC
TIMELINE
2013

This relationship too didn’t last too long and ended in November 2013

2012

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

2011

His stake in ‘Twitter’ had grabbed attention from world over, especially during the year 2011

2006

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’

2005

The Prince went on to purchase the renowned ‘Savoy Hotel’ located in London for a staggering $250 Million, during early 2005

2004

In 2004, he went on to sell a significant number of shares he had with the firm ‘Plaza’

2002

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

1997

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’

1991

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

1979

After graduating from ‘Menlo’ in 1979, Talal returned to his home turf to embark on his own business venture

1969

His parents officially parted ways in 1969, through a divorce, after which Waleed resided with his mother at Lebanon

1955

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

1971

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.

1985

In 1985, he bought Mar-a-lago estate in Palm beach, Florida and renovated the Barbizon hotel and 100 Central Park South.

1988

In 1988, he bought the Plaza Hotel in New York City.

1989

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.

1989

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.

1990

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.

1996

In 1996, he got the ownership of Miss Universe Organization which produces the Miss Universe, Miss USA, and Miss Tean USA pageants.

2003

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.

2004

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’.