Berkshire Hathaway Inc.

Saudi prince's arrest could be felt as far as Silicon Valley and Wall Street

Saudi prince's arrest could be felt as far as Silicon Valley and Wall Street

Finance, technology, hospitality, entertainment and real estate: Prince Alwaleed bin Talal has invested substantially and with great fanfare in all of them, as befits his status as one of the world’s richest men.

He is also believed to be under arrest in his native Saudi Arabia, ensnared in an anti-corruption dragnet that also pulled in 10 other Saudi princes, four sitting Cabinet members and “tens” of former Cabinet members.

The arrests, viewed as the latest move by Saudi Arabia’s young crown prince to cement his hold on power by eliminating potential rivals for the throne, sent shock waves through the kingdom and international business circles, even though such...

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