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Prince Alwaleed: I'm still a billionaire!; Updated charts of his U.S. stock holdings

Lest you should think otherwise, Saudi Prince Alwaleed is still a billionaire.  That fact was trumpeted in a Kingdom Holdings press release citing the latest Forbes list of billionaires where he's  #22 with a estimated net worth of $13.3 billion.  But like everyone else, he's taken a lot of lumps, especially in his U.S. holdings like Citigroup.  Below are updated charts for his U.S. equity holdings.

Speaking of Citigroup, how's Prince Alwaleed doing?

Here's what his portfolio of U.S. Stocks looks like.  As one would expect, it's ugly.

State Street tanks $STT; Alwaleed's Kingdom loses $8.26B $C; Polar Capital assets take a big hit on losses and redemptions; Merrill's Malhotra resigns; Pimco takes its lumps on leveraged closed-end municipal bond funds

• State Street Falls Most Since 1984 on Fund Costs, Bond Losses
• Alwaleed’s Kingdom Posts $8.26 Billion Quarterly Loss
• Hedge funds move to limit rules burden
• Polar Capital Assets Fall 22%, Further Losses Expected
• Merrill Asia wealth unit's Malhotra resigns-sources
• Allan Sloan: Pimco - A Sure Thing That Wasn't

His Citigroup investment has gotten nailed and he's buying more, but how are the rest of Saudi Prince Alwaleed bin Talal's stock investments doing?

Well naturally, like everyone else, Saudi Prince Alwaleed bin Talal is taking some major stock market lumps.  Here's what the charts look like:

“Lawrence of Arabia meets Star Wars”: Prince Alwaleed spending another £90m to pimp out his new £160m Airbus A380

Last November, Saudi billionaire Prince Alwaleed Bin Talal spent £160million on a brand spanking new monster Airbus A380.  Now he's spending another £90m to remodel his new 600 passenger sized toy with all sorts of amenities, including a missile system.  He'll have his flying palace in around two year's time:

Inside he is building a lounge to seat a travelling entourage of 25 trusted aides.

He has ordered a dining room, seating 14 and panelled in marble, to be constructed next to a bar with curtains to mimic tents of the Arabian desert and a fibre-optic mosaic that will depict a shifting desert scene.

Where economy class usually begins the prince has ordered a whirlpool bath and sauna to be constructed.

Citigroup announces money raising --- from sovereign wealth funds, Prince Alwaleed, other investment groups and....Sandy Weill; and they're cutting the dividend

Yes, they're cutting their dividend, from .54 to .32.  And they're getting a bunch of cash in exchange for privately issued convertible preferred stock -- $12.5 billion in total -- over half of it from Singapore's sovereign wealth fund -- and others including Capital Research Global Investors, the Kuwait Investment Authority, the New Jersey Division of Investment, Prince Alwaleed, and.....Sandy Weill and the Weill Family Foundation. They're also issuing $2 billion of convertible  preferred in a public offering and an additional offering of nonconvertible preferred...

Citigroup: No wonder Chuck Prince publicly dissed Sandy Weill at lunch; "Meddling" and a visit to Riyadh

Yesterday we noted the Page Six report of former Citigroup CEO Chuck Prince's lunchtime Four Seasons outing with the boys (former Bear CEO Ace Greenberg and Blackstone founder Pete Peterson).  Prince worked the room greeting the many luminaries present, but noticeably avoided one of them -- his Citigroup predecessor, Sandy Weill.  Now we have a better understanding about why the frostiness, and it's front page news in the Wall Street Journal in a story chronicling Chuck Prince's downfall.

For years, Mr. Weill had refrained from speaking ill of his hand-picked successor. Yet the former Wall Street titan, obsessed with holding down costs when he was in charge, steamed as Citigroup's expenses and employee counts surged. Known for his loyal lieutenants, he was dismayed as his top executives, including his president Robert Willumstad, fled the financial giant. Known for a healthy ego, Mr. Weill even bit his tongue as Mr. Prince repeatedly blamed his slow start on dealing with overhanging regulatory issues and investigations.

"Sandy was uncharacteristically quiet through all the turmoil," says one former Citigroup executive. "He wanted to stay loyal to Chuck. Of course bad-mouthing Chuck would amount to admitting Sandy had made a mistake by anointing him."

On Oct. 15, when Citigroup officially announced larger-than-expected third-quarter losses, Mr. Weill was beside himself. He complained about the growth of the balance sheet and expense structure, two of his hallmarks of financial discipline. As for the low stock prices, he said, people were "voting with their pocketbook."

Citi's other Prince: The company's largest shareholder has taken a $4 billion hit this year

The Daily Telegraph has an interesting profile of Citi's largest shareholder, Prince AlWaleed bin Talal -- also known as the Saudi Warren Buffet -- who's down some $4 billion on his shares this year.  The piece describes some of his other investments as well as the opulence of his Kingdom Holdings headquarters, complete with "the most stunningly attractive women in the world" all "carrying clipboards".....

Shares in the Wall Street behemoth have fallen 32 per cent – and that means a collossal loss if you're the single biggest stakeholder. The Saudi prince is licking his wounds, writes Helen Power

He is a bedouin leader who still holds court to thousands of followers at his desert camp. And his hobbies include travelling the world in a custom Boeing 777 jet and taking the yacht to Cannes for the summer. You simply couldn't make this stuff up.

He is also the single biggest shareholder in Citigroup, the bank in the eye of the sub-prime storm. Like other shareholders in Citi, he has seen his investment lose 32 per cent of its value this year – but in AlWaleed's case that accounts for a whopping $4bn. The prince has not been afraid to throw his weight around at the bank in the past and will no doubt make his next trip on the corporate jet a visit to New York to make his presence felt with the bank's remaining board members.

Profile of the Saudi Prince

TheBusinessOnline has a profile of billionaire investor and so called "Arabia’s Warren Buffett", Prince Alwaleed Bin Talal.

Prince opens Kingdom to the public - TheBusinessOnline