/Waleed Bin Talal Buys 1 Percent Of General Motors

Waleed Bin Talal Buys 1 Percent Of General Motors

waleed talal at Waleed Bin Talal Buys 1 Percent Of General Motors

You might have never heard of Waleed Bin Talal, but he’s a filthy rich Saudi Prince that has a hand in everything, from oil to financial services to sports to TV channels to air crafts, ships and now even cars! Yes Mr. Talal taking advantage of General Motors’ IPO, bought 1 percent of its shares for $500 million through his Kingdom Holding company. Apparently he likes the new GM’s growth specially in Brazil and China. Oh, and yes, that’s his personal airplane in the picture above![Guardian.co.uk]

(Founder / Chief Editor / Journalist) – Arman is the original founder of Motorward.com, which he kept until August 2009. Currently Arman is our chief editor and is held responsible for a large part of the news we publish.