Middle East's richest man loses $1.2 bn after being arrested
Saudi Prince Alwaleed bin Talal Al Saud, the wealthiest person in the Middle East, has lost $1.2 billion in his net worth after being arrested in a corruption probe. His net worth fell to $17.8 billion after the shares of his investment firm Kingdom Holding fell about 10%. He owns stakes in companies including Twitter, Citigroup, Accor Hotels among others.