The Saudi royal family are estimated to have a net worth of around $1.5 trillion. That’s a family whose wealth represents roughly the entire GDP of wealthy countries like Australia, South Korea, or Canada. Or about 45,000 years in time – when Aboriginals first arrived in Australia to ...
many residents feel that these moves might end the siege that low oil prices have brought to their economy. Of course, what they might not understand is that the Crown Prince plans to move the Saudi economy away from oil.
Fire Sale at the Savoy ; Prince Alwaleed of Saudi Arabia Had All the Essential Trappings of Extreme Wealth: An Airbus, 300 Cars, Four Wives and a String of Luxury Hotels. So What Has Caused Him to Put the Savoy Up for Sale? Mark Hollingsworth Investigates...
The U.S. may be home to some of the world’s biggest investors, but unlike other countries such as Saudi Arabia and Singapore, the federal government doesn’t have an investment arm of its own. That might change if Donald Trump is elected to a second term as president. Speaking at the...
institutional global asset managers, and 30+ prominent personalities from royal families to policymakers. From Kingdom of Saudi Arabia, Ajlan & Bros, one of the largest private sector conglomerates in the Middle East region; Dr Tarek Hajjiri, ...
While it would be a given that a rising threat of disruption in Saudi oil output (currently a very low risk) due to unrest would send crude skywards, the surge in net long positions seems to suggest that significant ongoing tensions are being priced into the oil market. Any ‘disappointment...
He has served in senior roles at JP Morgan, Saudi International Bank, Strathclyde Pharmaceuticals, UBS and Credit Suisse. Most recently he was CEO of Schroders Wealth Management business, based in Singapore, responsible for Southeast Asia. UBS Global Wealth Management appointed former JP Morgan ...
The Global Wealth and Society programme seeks to identify the important role that the privileged have towards their respective society. In building this programme, we measure wealth, not by the amount of financial assets individuals amass but by the positive impact they create on society through ...
Saudi Arabia’s Public Investment Fund led the £305mn acquisition of Premier League side Newcastle in October 2021; a member of the Abu Dhabi royal family controls English champions Manchester City; and French side Paris Saint-Germain is controlled by a Qatari state-backed group. ...
company ADQ, the country’s largest lender First Abu Dhabi Bank, and International Holding Company. IHC is a listed group linked to the ruling family that has undergone an astonishing rise to become the region’s second-largest company by market capitalisation after the oil company Saudi Aramco....