Elon Musk, the world’s richest man, has been in the headlines around the world for the past several years. Recently he made an offer to buy Twitter. But the person who turned down this offer is now in the headlines. This person is Saudi Prince Alwaleed bin Talal who rejected Elon Musk’s offer outright. Let us know who is Alwaleed bin Talal and why he has given his reaction to Elon Musk’s proposal.
Actually, Elon Musk had bought a nine percent stake in the social media platform Twitter. A few days ago, he had advocated for a change in Twitter and then made the same offer to buy it. Saudi Prince Alwaleed bin Talal’s reaction to this proposal has come to the fore. “I don’t think the price of a Twitter share proposed by Elon Musk is even close to its intrinsic value given the company’s growth prospects,” he said.
Not only this, Alwaleed bin Talal also said that as one of the largest and longtime shareholders of Twitter, I and the Kingdom Holding Company reject the offer. After this, this reaction started being discussed all over the world and people were curious to know who Alwaleed bin Talal is.
Who is Prince Alwaleed bin Talal of Saudi
In fact, Saudi Prince and high profile investor Alwaleed bin Talal is one of Twitter’s largest shareholders. Talal’s Kingdom Holding Company also holds significant stock in the Four Seasons hotel chain, Uber Lift and Citigroup. He is a shareholder of many private and public companies in America, Europe and Middle East through his company.
Known as the Warren Buffett of Arabia
Alwaleed is the grandson of Abdulaziz, the first King of Saudi Arabia and Riyadh Al Solah, the first Prime Minister of Lebanon. According to a report, Prince Alwaleed’s net worth is $ 16.4 billion (more than 1251 billion rupees). Time magazine included him in its annual list of the 100 most influential people in the world in 2008. Even Time magazine once compared Al Waleed to American investor Warren Buffett and called him the ‘Warren Buffett of Arabia’.
Let’s go on a plane made of gold!
Alwaleed is said to have the most expensive plane in the world. This plane is made of gold which is called Udta Mahal. Apart from this, he also has 321 aircraft, 300 expensive vehicles. He has such a Mercedes on which diamonds are studded. Its cost is said to be Rs 32 crores. There are three big palaces near Talal. One of his palaces is named King Resort which is spread over 50 lakh square meters. The name of the second palace is the Promotion Palace which is worth $300 million.
one of the world’s largest donors
According to a report, Talal is one of the largest donors in the world. He has donated more than 22 lakh crore rupees to social organizations. Alwaleed bought Donald Trump’s yacht in 1991. In 2016, he told Trump on Twitter that he should drop out of the presidential race because “he will never win”. After this, when Trump won the election, Prince also congratulated him on Twitter.
have been arrested, there was an allegation
In December 2016, Prince Al Waleed joined Bill Gates’s ‘Breakthrough Energy Coalition’ with the promise of an investment of $50 million. Alwaleed, however, was arrested along with other Saudi dignitaries on 4 November 2017 as part of the Saudi government’s anti-corruption campaign. He was facing charges of money laundering, bribery and extortion from officials. However, he was released from jail on 27 January 2018.
At present, Alwaleed is in discussion at this time. He and Elon Musk have been face-to-face on social media. The funny thing is that after he turned down Elon Musk’s offer, Elon Musk reacted to it. He took a jibe at Prince, asking how much he owned Twitter, directly and indirectly. After this, he also asked Prince what his view was on the freedom of expression of journalism. Alwaleed did not comment on this.