Michael Jackson and Saudi Prince create magic KingdomMarch 20, 1996
By ASSOCIATED PRESS
PARIS -- The king of pop and a prince of Saudi Arabia are setting up their own realm.
Michael Jackson and Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud said Tuesday they're forming a venture called Kingdom Entertainment to develop a variety of entertainment activities.
Financial details weren't released.
The name comes from a worldwide string of Kingdom entities through which Prince Alwaleed has invested in banks, theme parks and other ventures.
http://www.canoe.ca/JamMusicMichaelJackson/mike3.htmlJacko hopes Saudi still has his backoNovember 25, 2003
New York Daily News
Is Michael Jackson turning to an old billionaire buddy to help him fend off child abuse charges?
Seven years ago, The King of Pop and Saudi Prince Alwaleed bin Talal announced they were setting up a joint venture called Kingdom Entertainment that would build "family values" theme parks around the world. Their plans never came to pass. But insiders say Jackson hopes that the prince still believes the Gloved One embodies "family values." That's why Jackson's asked the royal to help underwrite his legal defense, sources tell us.
Prince Alwaleed, a nephew of Saudi Arabia's King Fahd, is worth an estimated $20 billion. The prince couldn't be reached for comment yesterday. And Jacko's rep didn't return a call.
Jackson has denied he is feeling the pinch. But he is reported to have taken out $200 million in loans, using his half-ownership of the Elvis and Beatles song catalogues as collateral.
http://www.nydailynews.com/news/col/story/139956p-124219c.htmlKING FAHD'S NEPHEW CAUGHT IN A PARIS PROSTITUTION RINGLondon Times reports: "Jean-Pierre Bourgeois, 51-year-old photographer who is suspected of recruiting young women to the prostitution network, was charged with 'aggravated pimping'. ... The investigators allegedly found a list of 89 young women, including 14 minors ... M Bourgeois is suspected of luring young women into the call-girl-network, allegedly by claiming that he was taking publicity photographs for a cosmetics company and with the promise of minor film roles. A dozen of the women, many of whom were penniless aspiring models or actresses from Northern and Eastern Europe ... M Bourgeois had the women pose for obscene photographs. The resulting 'album' was allegedly shown to wealthy clients, and meetings were then arranged in Paris or on the Cote d'Azure. ... some of the women were recruited by being persuaded that prostitution was the quickest route to a glamorous job in films or modeling, but others were allegedly blackmailed with the threat that the photographs taken by M Bourgeois would be sent to their families if they did not co-operate. ... (It) may well have operated with the covert blessing of the French secret services. ... Also on trial is Hazih al Ladki, a Lebanese businessman who worked as a secretary to the nephew of King Fahd of Saudi Arabia and is suspected of acting as a go-between in negotiations. ... The alleged involvement of Gulf princes has made the case politically sensitive because the Gulf oil states are important purchasers of French military hardware." We have seen this pattern of behavior by Saudi princes in our prior issues. If their pattern follows the Saud family princes involved wanted the youngest girls, the minors. Some of the prior girls could have been abducted as sex slaves in the princely palaces.
We do not know if US Government secret services are involved in the US child abductions by Saudis. There have been rumors. We have mentioned in prior issues that it is believed part of the vital interest status package confidentially negotiated between Ambassador Prince Bandar by President Bush.http://www.sauduction.com/16issue.htmlHRH Prince Alwaleed Bin Talal Current HoldingsAzizia Commercial Investment Company, 20%
Amazon.com, less than 1%
AOL Time/Warner, approximately 1%
Arab Palestinian Investment Company Ltd. (APIC), 4%
Arab Radio and Television (ART), 5%
Apple Computers Inc., 5%
Ballast Nedam Group, 3%
Cal Merchant Bank, Ghana, 14%
Canary Wharf, London, approximately 2%
Citigroup, 4%
Disneyland Resort and Theme Park, Paris, 17.3%
eBay.com, less than 1%
EcoBank, 10%
The Fairmont Hotels and Resorts, 4.9%
Four Seasons Hotels & Resorts, 22%
Four Seasons, London, 100%
Ford Motor Company, less than 1%
George V Hotel, Paris, 100%
Hewlett-Packard (HP), approximately 1%
Jerusalem Dev. & Investment Co. (JEDICO), 5%
Kingdom Agriculture & Development Co. (KADCO), 50%
The Kingdom Centre, 32.5%
Kingdom City, 38.9%
Kingdom Holding Company, 100%
Kingdom Hospital, 65%
Kingdom Hotel Investment Group, 46.9%
Kingdom Schools, 47%
Kodak Corporation, 1%
Lebanese Broadcasting Center (LBC), 49%
Motorola, approximately 1%
Mövenpick Hotels and Resorts, 33.3%
National Industrialization Company, 15%
News Corporation, 3.75%
Nigeria United Bank, 13.7%
Nile Plaza Complex, Cairo, Egypt, 50%
Palestine Development & Investment Company (PADICO), 5%
Pepsi Co., less than 1%
Plaza Hotel, 50%
priceline.com, 5.4%
Procter & Gamble, less than 1%
Rotana Video & Audio Visual Co., 100%
Saks Fifth Avenue, more than 2.3%
Saudi American Bank, 5%
Savola Group Company, 17.9%
Senegalese Telecom. Co. (SONATEL), 10%
The Walt Disney Company, less than 1%http://www.libanmall.com/hrhcurrentholdings.htm