He was named the Crown Prince of Saudi Arabia in 2012 following the death of his brother Nayef bin Abdulaziz. Saudi Prince Alwaleed bin Talal, one of the world’s richest men, knows a thing or two about luxury hotels. Prince Alwaleed bin Talal and Al-Taweel attend Prince William and Kate Middleton's 2011 wedding. He is known for his lavish spending and in recent years has bought a £400m yacht, a £230m French chateau and maybe even a £375m Leonardo da Vinci painting. He didn't look comfortable. Alwaleed is likely for now to stay in his role as chairman of his multi-million dollar firm, Kingdom Holding Company, but the source added that behind the scenes MBS would be controlling the company and reaping its profits. WHEN it comes to the subject of money no family on Earth comes even close to the mega-rich House of Saud. The boat is not available for yacht charter. The source said the footage was organized after Alwaleed's 'release' to show he was being treated well - but was not the full story. The lavish property also has a wine cellar, a movie theater, and a moat with a transparent underwater chamber. Message to Other Media. Bender's account backs previous reports from the kingdom that Alwaleed and others had been moved to an actual prison from the Ritz Carlton. He was one of the three members of the royal family arrested in November 2017 as part of an anti-corruption drive by the government. Alwaleed was released from detention Saturday after he made an undisclosed financial settlement with the Saudi government after two months held captive. $100m luxury hunting lodge linked to Putin vanishes from online maps just weeks after national fury over 'Russian leader's billion dollar palace', Armie Hammer 'provoked' his terrier Archie to bite him and then showed off his stitched up wound on his private Instagram, cursing the dog he had once threatened to strangle, PICTURED: SUV driver, 64, after hit-and-run rampage where he killed a 77-year-old woman in Portland and injured nine others - as records show he had a history of driving dangerously, Texas father-of-five, 35, is shot dead after confronting parents of a teen boy who had been 'cyberbullying his 15-year-old daughter for nine months'. Mayor Rudy Giuliani rejected the Saudi billionaire’s $10 million offer to help NYC after 9/11. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. Its 1,500 members are said to be worth a collective £1 TRILLION -  nearly 16 times our own royal family’s fortune. 'Don't buy the c**p of Alwaleed being treated right,' said the source. Over the weekend, billionaire international businessman Prince Al-Waleed bin Talal was released from his confinement at the Riyadh Ritz-Carlton and allowed to go home to one of his palaces. He was unshaven, he didn't look in his best condition at all. 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Bin Salman also loves his art and is rumoured to be the owner of a painting worth nearly as much as his yacht. At the time, it was recorded as the world's most expensive "house" sale. He returned to Saudi Arabia, which was in the midst of the 1974–85 oil boom. The country’s state-owned natural gas and petroleum company Saudi Aramco is now the most profitable on the planet with annual revenues of tens of billions. According to Aidan, the ex-wife of the Saudi Prince Al Waleed bin Talal, who was recently arrested in scope of the anti-corruption purges in the country, those who accuse others of corruption and money laundering, are in fact highly corrupted themselves. MBS will keep a very close eye on him.'. Alwaleed Bin Talal, a member of the Saudi royal family, was reportedly detained on Saturday. It's even rumoured one of the family's many palaces is decked out with gold furniture - complete with a gold-plated tissue dispenser. 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