Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained at the Ritz-Carlton in Riyadh, Saudi Arabia January 27, 2018. (REUTERS/Katie Paul/File Photo)
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Cheering supporters greeted Saudi Arabian billionaire Prince Alwaleed bin Talal when he arrived at his skyscraper offices in Riyadh after his release from detention in an anti-corruption crackdown.A source familiar with the matter said the prince received an operational update on his global portfolio, which includes stakes in Twitter, ride-hailing firm Lyft and French hotel operator Accor.In the first few days after his detention, the share price of his investment firm Kingdom Holding plunged 23 percent, erasing $2.2 billion of his personal fortune on paper.Associates of other released detainees, including media magnate Waleed al-Ibrahim and retail billionaire Fawaz al-Hokair, told Reuters they were at home catching up with family and close friends.Hokair, meanwhile, is hosting dinners for guests, according to one attendee. The stock price of his company, fashion retailer Fawaz Abdulaziz Alhokair Co, is still 13 percent below its level just before he was detained.Two bankers said assets or corporate ownership transfers had not yet been made for the last batch of released detainees and any handovers could be shielded from public view for some time through what one banker described as "very clever lawyers and accountants".
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