A Billionaire Vanished for 400 Days and His Empire Boomed

Mohammed Al Amoudi held in Saudi Arabia on corruption charges
His fortune has risen to $8.3 billion as businesses flourish

The Ritz-Carlton hotel in Riyadh. — The Ritz-Carlton hotel in Riyadh.
Photographer: Giuseppe Cacace/AFP via Getty Images

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By Devon Pendleton and Vivian Nereim

December 13, 2018 at 10:40 AM EST

Updated on

December 13, 2018 at 12:36 PM EST

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More than a year ago, he vanished into the Ritz-Carlton in Riyadh, along with dozens of Saudi princes and businessmen.

Before long, rumors swirled: Was the billionaire Mohammed Al Amoudi even alive?

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Before it’s here, it’s on the Bloomberg Terminal