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Saudi Prince Alwaleed, invests 500 Million in General Motors

Saudi Prince Alwaleed, invests 500 Million in General Motors

Prince Alwaleed has experience with companies part-owned by the U.S. government. He is currently the largest single shareholder in bailed-out bank Citigroup Inc. He acquired a stake in Citi around 1990 and held retained it as the shares soared over the years and then fell back—at one point to below his break-even level—to recently trading just above the price at which he purchased the shares two decades earlier. Prince Alwaleed has experience with companies part-owned by the U.S. government. He is currently the largest single shareholder in bailed-out bank Citigroup Inc. He acquired a stake in Citi around 1990 and held retained it as the shares soared over the years and then fell back—at one point to below his break-even level—to recently trading just above the price at which he purchased the shares two decades earlier.

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