Monday, January 15, 2018 4:59:43 PM
Saudi Arabia’s richest man may exchange that title for his freedom. Last month Saudi Prince al-Waleed bin Talal was one of dozens of government officials, businesspeople and royals arrested by the Saudi government in a sweeping corruption probe.
The Wall Street Journal reports that the allegations against Prince al-Waleed include bribery, money laundering, and extortion. The price that Saudi officials are demanding for his freedom: $6 billion, according to the Journal.
The 62-year-old Prince is currently living in a makeshift prison at the Riyadh Ritz-Carlton. He was an early investor in a number of western businesses including Twitter and Lyft, and currently has amassed a fortune estimated at more than $18 billion
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