During the opening ceremonies of the Four Seasons hotel in downtown Beirut on Tuesday, Saudi Prince Walid bin Talal reiterated his commitment to support Lebanon, saying he has “confidence in Lebanon’s future.”
The opening of the hotel was held under the patronage of President Michel Suleiman, during which the president, Prime Minister Saad Hariri and Speaker Nabih Berri attended the event.
Bin Talal also said that political stability led to an increase in Lebanon’s economic growth.
The prince, a member of the Saudi Royal Family is the grandson of Lebanon’s former first PM Riad el Solh.
As of March 2010, his net worth is estimated at US$19.4 billion, up from $13.3 billion, according to Forbes, making him the 19th richest person in the world on their list published in March 2010. He has been nicknamed by Time magazine as the Arabian Warren Buffett.
Photo: Saudi billionaire Prince Alwaleed bin Talal (2nd R) welcomes Lebanon’s President Michel Suleiman (2nd L), Lebanon’s Prime Minister Saad al-Hariri (R), and Lebanese Parliamentary Speaker Nabih Berri (L) during the opening of the Four Seasons hotel in Beirut, June 22, 2010.