A spokeswoman for Prince Alwaleed’s company said last week that the accusations against him were “completely and utterly false.” She said the prince did not charter a yacht in Ibiza, or take his own yacht there, at the time when the model said she was assaulted and raped.
Al-Waleed received a Bachelors of Science degree in Business Administration from Menlo College in 1979. His wealth is reportedly about $20 billion. He is a leading investor in both Citigroup and Rupert Murdoch's News Corp. media empire. A number of Saudi princes attended Menlo College in the 1970s.