Saudi Prince Alwaleed bin Talal, one of the richest men in the world, has raised his voting stake in the New York media giant News Corporation to 5.46%.
Al-Waleed, the nephew of the late Saudi King Fahd, was in the news when he visited the World Trade Center’s remains just after the September 11th attacks and offered then-New York City Mayor Rudy Giuliani a $10 million check for relief efforts. Al-Waleed then released a statement blaming US foreign policy and support for Israel for the attacks.
Giuliani returned the prince’s check with a statement that, “There is no moral equivalent for this attack. The people who did it lost any right to ask for justification when they slaughtered . . . innocent people … Not only are those statements wrong, they’re part of the problem.”