Insights into Khaled, Al-Waleed bin Talal’s Son, and His Investment Philosophy
Watan-Khaled, the son of the Saudi billionaire Prince Al-Waleed bin Talal, stated that he does not own a private home in Vienna, according to previous statements he made, which have been reshared by platforms and users.
During his appearance on the “Fenjan Podcast,” as reported by “Watan,” Al-Waleed bin Talal’s son clarified: “I don’t own a private home in Vienna. Even when I am living outside of Saudi Arabia, I rent something, because I believe I can invest my money in something more worthwhile than a house.”
The Saudi billionaire’s son explained that he doesn’t like to waste his money on purchasing homes but prefers to invest in them and profit from them. He mentioned that he moves between several places and thus doesn’t wish to stay in one location.
Al-Waleed bin Talal’s Son
Khaled’s statement sparked widespread debate and numerous comments, including one from Mayar who wrote: “You don’t need to live in a private residence, your father’s properties are everywhere. Avoid fooling around.”
Zumurrud commented: “For the wealthy, the whole world becomes their home. But for you, my dear poor, think about owning a house first because it can drain you financially.”
In the same context, Andrew mentioned: “It’s natural not to consider buying a house because you’re in a different country every day. If you decide to buy a house, you’ll have the lifestyle of the rich. May God provide for us.”
Yaqoot stated: “Both the affluent and the poor prioritize owning a house because housing is essential. Otherwise, it becomes a source of poverty, inconvenience, and loss of money.”
Regarding Mohammed bin Salman’s seizure of Al-Waleed bin Talal’s assets, in November 2017, authorities under Mohammed bin Salman detained hundreds of Saudi businessmen at the Ritz-Carlton Hotel on charges of “anti-corruption,” including Al-Waleed bin Talal. He was released after three months following a financial settlement amounting to $6 billion or more.
خالد ابن الملياردير الوليد بن طلال:
“لا أملك بيت خاص فيني، يعني حتى لما أكون ساكن خارج السعودية أخذ شيء بإيجار، لأني أشوف إني أقدر أضخ الأموال بشيء يستاهل أكثر من البيت” pic.twitter.com/euQuhQDkK3
— Golden Dose (@GoldenDose) February 26, 2024
The “financial settlement” or confiscation of his assets, to put it differently, is no secret, as Al-Waleed bin Talal himself confirmed it.
On the first anniversary of his detention, he confirmed to Fox News the existence of an “understanding” between him and Mohammed bin Salman before his release from the Ritz-Carlton.
According to the “Saudi Leaks” website, Mohammed bin Salman’s seizure of part of “Al-Waleed’s wealth” was clear and varied.
It’s noted that it didn’t just stop at the $6 billion mentioned by The Wall Street Journal, which facilitated his release, but further steps were taken to seize a portion of his companies’ assets.
Khaled, the son of the Saudi billionaire Prince Al-Waleed bin Talal, stated that he does not own a private home in Vienna, according to previous statements he made, which have been reshared by platforms and users.
During his appearance on the “Fenjan Podcast,” as reported by “Watan,” Al-Waleed bin Talal’s son clarified: “I don’t own a private home in Vienna. Even when I am living outside of Saudi Arabia, I rent something, because I believe I can invest my money in something more worthwhile than a house.”
The Saudi billionaire’s son explained that he doesn’t like to waste his money on purchasing homes but prefers to invest in them and profit from them. He mentioned that he moves between several places and thus doesn’t wish to stay in one location.
Khaled’s statement sparked widespread debate and numerous comments, including one from Mayar who wrote: “You don’t need to live in a private residence, your father’s properties are everywhere. Avoid fooling around.”
Zumurrud commented: “For the wealthy, the whole world becomes their home. But for you, my dear poor, think about owning a house first because it can drain you financially.”
In the same context, Andrew mentioned: “It’s natural not to consider buying a house because you’re in a different country every day. If you decide to buy a house, you’ll have the lifestyle of the rich. May God provide for us.”
Yaqoot stated: “Both the affluent and the poor prioritize owning a house because housing is essential. Otherwise, it becomes a source of poverty, inconvenience, and loss of money.”
Mohammed bin Salman’s Seizure of Al-Waleed bin Talal’s Assets
Regarding Mohammed bin Salman’s seizure of Al-Waleed bin Talal’s assets, in November 2017, authorities under Mohammed bin Salman detained hundreds of Saudi businessmen at the Ritz-Carlton Hotel on charges of “anti-corruption,” including Al-Waleed bin Talal. He was released after three months following a financial settlement amounting to $6 billion or more.
The “financial settlement” or confiscation of his assets, to put it differently, is no secret, as Al-Waleed bin Talal himself confirmed it.
On the first anniversary of his detention, he confirmed to Fox News the existence of an “understanding” between him and Mohammed bin Salman before his release from the Ritz-Carlton.
According to the “Saudi Leaks” website, Mohammed bin Salman’s seizure of part of “Al-Waleed’s wealth” was clear and varied.
It’s noted that it didn’t just stop at the $6 billion mentioned by The Wall Street Journal, which facilitated his release, but further steps were taken to seize a portion of his companies’ assets.
