{"id":1570,"date":"2007-11-05T14:59:09","date_gmt":"2007-11-05T14:59:09","guid":{"rendered":"http:\/\/cryptogon.com\/?p=1570"},"modified":"2007-11-05T14:59:09","modified_gmt":"2007-11-05T14:59:09","slug":"saudi-prince-loses-4-billion-on-citigroup","status":"publish","type":"post","link":"https:\/\/www.cryptogon.com\/?p=1570","title":{"rendered":"Saudi Prince Loses $4 Billion on Citigroup"},"content":{"rendered":"<p>Priceless.<\/p>\n<p>Via: <a href=\"http:\/\/www.telegraph.co.uk\/money\/main.jhtml?xml=\/money\/2007\/11\/04\/ccciti304.xml\" target=\"_blank\">Telegraph<\/a>:<\/p>\n<p><em>The lift in Prince AlWaleed bin Talal&#8217;s Saudi Arabian Kingdom Holdings building has just two buttons. One is marked &#8220;ground floor&#8221;, while the other says, simply, HRH. AlWaleed is Saudi&#8217;s most famous businessman, a nephew of King Abdullah, the grandson of a former prime minister of Lebanon and a friend of Charles and Camilla.<\/p>\n<p>He is a bedouin leader who still holds court to thousands of followers at his desert camp. And his hobbies include travelling the world in a custom Boeing 777 jet and taking the yacht to Cannes for the summer. You simply couldn&#8217;t make this stuff up.<\/p>\n<p>He is also the single biggest shareholder in Citigroup, the bank in the eye of the sub-prime storm. <strong>Like other shareholders in Citi, he has seen his investment lose 32 per cent of its value this year \u00e2\u20ac\u201c but in AlWaleed&#8217;s case that accounts for a whopping $4bn.<\/strong> The prince has not been afraid to throw his weight around at the bank in the past and will no doubt make his next trip on the corporate jet a visit to New York to make his presence felt with the bank&#8217;s remaining board members.<\/em><\/p>\n<p><strong>Research Credit: Ebbing<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Priceless. Via: Telegraph: The lift in Prince AlWaleed bin Talal&#8217;s Saudi Arabian Kingdom Holdings building has just two buttons. One is marked &#8220;ground floor&#8221;, while the other says, simply, HRH. AlWaleed is Saudi&#8217;s most famous businessman, a nephew of King Abdullah, the grandson of a former prime minister of Lebanon and a friend of Charles [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,8],"tags":[],"class_list":["post-1570","post","type-post","status-publish","format-standard","hentry","category-dictatorship","category-economy"],"_links":{"self":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts\/1570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1570"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts\/1570\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}