“The Warren Buffet of the Gulf,” Saudi Prince al-Waleed bin Talal — one of the world’s richest people – was arrested right after Trump completed a trip to Saudi Arabia, where the prince lives. The arrest was made as part of a major anti-corruption purge. His bail has been set at a staggering $6 billion.
The prince’s $6 billion bail is the highest amount ever required by Saudi authorities. In order to pay it the prince may need to relinquish a large portion of his $9 billion business empire, known as Kingdom Holding Company. In all, the prince, who is said to be the 57th richest person in the world, has a net worth of around $18 billion.
The prince has profited from many business and political activities, including major support of the Clinton Foundation and deep ties to, not surprisingly, Barack Obama. A major focus of his activities in the U.S.A. has been on the spreading of Islam.
Prince bin Talal’s arrest was one of many carried out by the newly formed anti-corruption committee, led by Crown Prince Mohammed bin Salman. The arrests were carried out against almost a dozen senior princes, as well as numerous ministers, who were suspected of corrupt business practices, including money laundering.
In 2015 President Trump Tweeted about bin Talal, when he pointed out that arrests against prominent Saudis would occur, and that the investigations that would follow would implicate both Obama and the Clintons.
Similar to Trump’s warnings, in August 2016 Medea Benjamin spoke on the Clinton’s questionable Saudi ties, explaining that Democratic Party lobbyist Tony Podesta, brother of Hillary Clinton’s campaign chair, John Podesta, is a registered foreign agent on the Saudi government’s payroll. In 1988, alone, the Podesta’s lobbying firm received $140,000 a month from the Saudi government.
It is suspected by many that the arrest of bin Talal and his cronies were instigated by Trump’s recent meetings with Bin Salman who, at age 31, is thought to be an ethical young royal who, like Trump, wants to stamp out the corruption that has been rampant in his government for decades.