The New Kings of Wall Street
Source: Business Week– Emily Thornton
Bader M. Al Sa’ad
Kuwait Investment Authority
Assets: $213 billion (est.)
Fifteen percent of the fund is invested in emerging markets, buyout funds and hedge funds. That’s about $32 billion.
Sameer Al Ansari
Dubai International Capital
Assets: $12 billion (est.)
Al Ansari has engineered six solo buyouts, including museum operator Tussauds Group, which he bought from Charterhouse Capital Partners for $1.6 billion in 2005. Last year, he bought a big stake in Sony (SNE) and hedge fund behemoth Och-Ziff Capital Management.
Assets: $7 billion (est.)
Ba’alawy is assisting Dubai’s ruler to build a Wall Street of the Middle East. In September, he agreed to take a 19.9% stake in Nasdaq as part of a play for a stake in Sweden’s OMX Group. The terms for the deal were approved in December.
Assets: $8 billion (est.)
Jackson, an American, has invested in more than 50 companies for the investment arm of government-owned Dubai World. In September, he bought luxury retailer Barney’s for $942 million. Before that, he bought a 3% stake in the $20 billion European hedge fund GLG Partners.
Sheikh Hamad bin Jassim bin Jabir Al-Thani
Qatar’s prime minister and head of the Qatar Investment Authority
Assets: $50 billion (est.)
He is working with hedge fund activist Nelson Peltz to shake up British beverage company Cadbury Schweppes (CSG). Last year, Qatar’s fund launched a bid for the British grocery chain Sainsbury.
Khaldoun Al Mubarak
Mubadala Development Company
Al Mubarak runs a fund of an disclosed amount, but large enough to buy stakes in the Carlyle Group and Advanced Micro Devices (AMD) last year. Another initiative: a multibillion-dollar green energy project called Masdar.