I can’t help it. What a more appropriate post to follow-up our post on the closing price of oil today than this one.
Saudi billionaire Prince Alwaleed bin Talal has become the first person to buy a personal Airbus A380.
Yes, you read that correctly.
Alwaleed is the world’s 13th richest person, according to Forbes magazine, and Citigroup’s largest individual shareholder. (Yes, he has taken a bit of a bath with his shares there of late — to the tune of about $2.5 billion.)
A billion here. A billion there. Who’s counting? He already owns a personal Boeing 747-400.
The new aircraft has been dubbed “The Flying Palace.” No word on what he is paying, or any details on how the new jet will be outfitted.
As Todd Blackledge was heard to exclaim over yet another of his “Taste of the Town” adventures on ESPN’s Saturday Night Football recently, “Sweet Mercy!”