From the Magazine

November 2018 Issue

Investors all over the world fell for the schemes of the man who called himself Khalid bin al-Saud. But the truth turned out to be more incredible than the lie.

illustration of a man with a dog and five men in suits

MIAMI VICE
Prince Khalid knew how to use displays of wealth to land a deal.
Illustration by R . Kikuo Johnson.

“My name is Khalid,” he tells me, and I want to believe him. After all, he has traveled the world as royalty—the son of the king of Saudi Arabia, no less. Leading international investors know him as His Royal Highness Khalid bin al-Saud. He moved in an entourage of Rolls-Royces and Ferraris, his every whim tended to by uniformed housekeepers and armed bodyguards. A suave British-born C.E.O. handled his business affairs, and a well-connected international banker marketed his investment deals to a select few, leaving him to live a life of astonishing excess.

Another Round?

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Mark Seal joined Vanity Fair as a contributing editor in 2003. His VF stories have included scandal (Bernie Madoff, Tiger Woods, Charlie Sheen, Rupert Murdoch’s divorce, the mysteries of iconic author Harper Lee), murder (the Oscar Pistorius case, the killing of Monaco’s richest woman), business (the insanely rich world of ... Read More

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