Prince Alwaleed bin Talal, Chairman of Kingdom Holding Company, made a strong return to the list of the world's billionaires 🌍, after his wealth rose to $16.5 billion 💸, making him the richest Arab according to Forbes magazine's estimates for March 2025.
In his recent statements, Prince Alwaleed spoke about his smart bet in the world of technology and artificial intelligence 🤖, having invested more than $3 billion in the companies "X" (X) and "xAI" owned by billionaire Elon Musk 🧠, along with an investment of $276 million in Snap Inc. (Snap) 📱.
The prince noted that these investments have paid off, especially after xAI achieved significant leaps thanks to the artificial intelligence model "Grok" ⚡, confirming that his discussions with Musk included the idea of integrating the "X" platform with xAI for accelerated integration and growth 📈.
Alwaleed confidently stated: "Betting on Musk was not a random adventure, but a calculated step that time has proven correct ✅.. Musk entered every sector and succeeded in it, and we were with the winner from the beginning 🏆."
The prince also did not hide his potential interest in investing in TikTok 🎵, should China be forced to sell its operations in the United States, indicating the continuation of his ambitious investment strategy in the technology sector.