Prince Alwaleed’s Fortune Plunges $22.7 Billion From Peak

Oil-price war, coronavirus fears contribute to wealth erosion
Saudi royal rose to prominence with an audacious bet on Citi

Prince Alwaleed bin Talal
Photographer: Mohammad Obaidi/Bloomberg

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By Devon Pendleton

March 11, 2020 at 12:30 PM UTC

Updated on

March 11, 2020 at 9:02 PM UTC

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The net worth of Saudi Arabia’s once high-flying billionaire, Prince Alwaleed bin Talal, has plunged $22.7 billion from its peak six years ago.

The eruption of an oil-price war with Russia and fears over the spread of the novel coronavirus have contributed to the wealth destruction. Adding to the chaos, Crown Prince Mohammed bin Salman detained more royals.