Alwaleed, the nephew of Saudi Arabian King Abdullah, is one of the wealthiest people in the world, with a net worth of $19.6 billion, according to Forbes magazine’s estimation.
He already owns a seven per cent stake in News Corporation, a ‘sizeable share’ of Citigroup, and is understood to be starting his own cable news channel.
The prince bought the Twitter stake after “months of negotiations” through his Kingdom Holding Company.
