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For sale: Billionaire puts Raffles on the market as his wealth plummets
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Saudi Arabian prince hoping Singapore hotel's mythical status
will see it snapped up - even at $450m
It's a tough business being a billionaire during a credit crunch.
Apparently Prince Alwaleed of Saudi Arabia is down to his last $13bn
(8.7bn), which is something of a pittance when you consider he was
worth $21bn last year. But that was when his 3.9 per cent stake in
Citigroup was fetching $50 a share rather than the present measly
$4.
All of which explains why he has decided to put that grandest of
grand hotels - Raffles of Singapore - up for sale. So if you have a
spare $450m ...
There is ...
 "Daily Herald (Arlington Heights, IL)")
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Flames can't snuff out Campton, settle for tie.(Neighbor)
Newspaper article from: Daily Herald (Arlington Heights, IL)
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Newspaper article from: Daily Herald (Arlington Heights, IL)
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