Monday, November 12, 2007

Saudi Prince goes for size, buys A380

Prince Alwaleed bin Talal, the Saudi billionaire who is Citigroup Inc's biggest individual investor, agreed to buy a $319 million Airbus SAS A380 superjumbo (seen in picture), becoming the first private customer for the world's biggest aircraft.

The purchase was announced by Toulouse, France-based Airbus at the Dubai Air Show today. Alwaleed, ranked the world's 13th-richest person by Forbes magazine, flew in from Saudi Arabia on his Boeing 747.

Who is this dude?

  • He is the owner of the Kingdom Holding Company (not to be confused with Big Brother and his)

  • After the 9/11 attacks, Al-Walid suggested that the attacks were an indication that the United States 'should re-examine its policies in the Middle East and adopt a more balanced stand toward the Palestinian cause', Giuliani asserted, Giuliani subsequently rejected the prince's $10 million donation to disaster relief in the aftermath of the attack.

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