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Prince Al-Waleed's wealth increases by 1.7B
Prince Al-Waleed bin Talal's wealth increased by approximately $1.7 billion, reaching $24.4 billion, according to Forbes' index, representing a 7.65% increase compared to the previous day. The main reason for this rise is the 19.32% surge in the stock of "Kingdom Holding," just before the Eid al-Adha holiday, amid anticipation of SpaceX's initial public offering (IPO), in which "Kingdom Holding" owns a stake. SpaceX plans to raise up to $75 billion in a valuation exceeding one trillion dollars, preparing to be the largest IPO in history.
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