Alwaleed, according to Forbes the world's 11th richest man, ploughed around $450m into AOL Time Warner and $500m into US financial services business Citigroup. His holding in Citicorp is now believed to total around $10bn.
The Saudi businessman is advised by Goldman Sachs and Merrill Lynch.
Saudi Takes More Of Citigroup
Billionaire Saudi investor Prince Alwaleed signalled his belief that he, at least, feels that recovery is on the way by going on a $1bn share-buying spending spree last week.
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