Walid Juffali, Saudi billionaire businessman and diplomat, Died at 61

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Walid Ahmed Juffali died on July 20, 2016.

He was a Saudi billionaire heir and businessman.

Walid was the chairman of E. A. Juffali and Brothers, one of Saudi Arabia’s largest companies.

Juffali had his divorce settlement of £75 million, shortly before his death from cancer, was the largest such settlement in English legal history.

He had served as the chairman of E. A. Juffali and Brothers, a position he has held since at least 2005.

During 2005, Walid Juffali was also chairman of Saudi American Bank, deputy chairman of the Jeddah Chamber of Commerce and Industry, and Honorary Consul-General for Denmark.

During December 2005, the Middle East Broadcasting Corporation (MBC) announced that Juffali would host its entrepreneurial reality show, The Investor, which would be shown early in 2006.

Naomi Sakr, in her book Arab Television Today, compared the show to The Apprentice, but noted that each of the 13 pairs of would-be entrepreneurs had to be from the same family, to reflect the “family aspect of business in the Arab world”.

Walid also has a separate company, W Investments, a private wealth management company.

Jamil El Imad is the CEO who is also managing director and chief scientist of his NeuroPro company.

He was one of three Saudi businessmen who donated at least $1 million to the Clinton Presidential Center.

His first wife was fellow Saudi, Basma Al-Sulaiman, she had received £40 million in a divorce settlement in 2000.

They had 3 children.

During 2001, Walid Juffali married Christina Estrada, an American former Pirelli Calendar model, but they divorced in 2014.

His wife started divorce proceedings in 2012, after he married Loujain Adada (Saudi law allows up to four wives), and has made a claim against Juffali for at least his three UK properties, which include a seven-bedroom home in Knightsbridge, London, in a converted church, valued in total at about £60 million.

Walid and Estrada have a teenage daughter.

During November 2012, Walid Juffali again married the 25-year-old Lebanese model and TV presenter Loujain Adada in Venice.

Reportedly, his body is expected to be repatriated to Saudi Arabia within a few days for burial.

Walid Juffali passed away at 61 years old.

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