The circulation of personal photographs through Apple’s device is not only detrimental to the Hollywood celebrities. One of the world’s richest man from Saudi Arabia Al-Waleed has also had to swallow the loss. Unmitigated, the loss was $ 1.3 billion in just one day.
Citing Arabianbusiness page, Friday, September 5, 2014, the disadvantaged billionaire Prince Alwaleed bin Talal is the Al Saud, the richest man in the Arab region. Alwaleed is listed as one of the US shareholder electronics, Apple Inc.
Losses suffered by Al-Waleed came from Apple’s stock price drop of up to 4 percent, the lowest since January 2014 Leaking Apple user data among Hollywood celebrities make great depressed the company’s stock.
Apple shares trimmed $4.36, or 4.2 percent, to $98.94 per sheet, the lowest since a decline of 8 percent to $71.17 on the level of US January 2014.
Apple’s stock price plunging on Wednesday, September 3, 2014, yesterday has made investors lost $26.1 billion US.
Al-Waleed has started to become investors in 1997 when Apple’s stock price is still in the range $10 Apple now been transformed into a giant information technology companies with a value estimated at $618 billion.
The company belongs to the Al-Waleed, Kingdom Holding’s, reportedly has about 5 percent of Apple’s stock. Sharp correction that occurred in the middle of last week making treasure Al Waleed estimated reduced at least $1.3 billion in just one day.
However, the magnitude of losses suffered by Al-Waleed is still a mystery. Saudi prince reportedly shareholding has been reduced in the last decade.
Citing Bloomberg Billionaire list in the fall of Apple’s stock, fortune Al-Waleed reportedly lost $291 million in the last 24 hours. This decline made his name slipped to 18th place in the list.