Saudi Prince Denies Donald Trump's Allegations of Fox News Ownership
Donald Trump doesn't like Fox News host Megyn Kelly and has now tweeted a photo of her together with Saudi's billionaire prince.
According to The Donald, Fox News is co-owned by Prince Al-Waleed and his sister, implying that one of the most conservative and Republican-leaning news source is actually owned by a Muslim -- a Saudi Arabian prince no less.
Unfortunately, according to Business Insider, Trump's accusation is nothing more than an urban legend. In fact, Prince Al-Waleed himself disproved the accusations and tweeted that Trump's statements are based on photo-shopped pictures.
Al Waleed added some zinger and said that he already bailed Trump twice and offered to bail him out for the third time.
Apparently, this is not the first time that the two billionaires have come to blows. Last December, the Saudi prince tweeted that Donald J. Trump is a disgrace to the Republican Party and the United States. He requested that the mogul-turned-presidential candidate to withdraw from the primaries.
Trump responded by calling Al Waleed a "dopey prince" and accused him of wanting to control U.S. politicians using his father's money, which he said that will never happen if he becomes the president.
But some are claiming that Trump's accusation has some semblance of truth -- and they are right.
According to Vox, Kingdom Holding Company, Prince Al Waleed's investment firm, does really own a stake at Fox. However, instead of Fox News, it has investments on its parent company 20th Century Fox.
As for the prince's quip of bailing Trump for the third time, research confirmed it to be true.
Back in 1991, Trump garnered almost a billion dollar in debt, which led him into selling his prized yacht dubbed "Trump Princess" to creditors. Al Waleed then bought the boat for $281 million, effectively paying Trump's creditors.
In addition, because of the same bankruptcy, Trump was also forced to sell the Plaza Hotel in New York that banks took from the businessman and was sold again to Al Walled, along with other Singaporean investors.
It was even reported that Trump told the New York Times that the Saudi prince paid too much for the hotel, as he wanted it so badly, making him negotiate a good deal.
The New Yorker noted that Al Waleed is considered to be the richest man in the Arab world and is known for buying stocks and being a passive investor.
Fortunately, The Donald's financial woes are now over so he won't be needing a third bail out this time.
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